New this morning: Tough first half for Porta. U.K.-based Porta Communications reported a dip in first-half fee income on Thursday morning, saying the Brexit vote had a negative impact on its business. Revenue was up 2.6% for the group, but fee income, also known as gross profit, was down 1% in the six-month period.
Today: Wells Fargo CEO on Capitol Hill again. John Stumpf, the bank’s chief executive, will testify in front of the House Financial Services Committee, just more than a week after he received a tongue-lashing from Sen. Elizabeth Warren (D-MA) while being grilled by the Senate Banking Committee. California halted several business relationships with the bank on Wednesday due to its unauthorized customer account scandal.
Good news: It’s national coffee day. Need something extra this morning? Several coffee and donut chains including Starbucks, Tim Hortons, Dunkin' Donuts, and Krispy Kreme are offering giveaways or specials on Thursday morning to celebrate #NationalCoffeeDay.
Another ‘Aleppo moment.’ When pressed during an MSNBC town hall on Wednesday night, Libertarian presidential candidate Gary Johnson couldn’t name a single world leader he admired. "I guess I’m having an Aleppo moment," Johnson said, referring to a previous gaffe on the network’s Morning Joe in which he wasn’t familiar with the war-torn Syrian city.
Obama spars with Jake Tapper during CNN town hall. President Barack Obama defended his choice not to use the term "radical Islamic terrorism" during a town hall focused on military issues on CNN on Wednesday night. He also called Congress’ override of his veto of legislation that would allow the families of 9-11 victims to sue the government of Saudi Arabia "a mistake."
On the campaign trail: Newsweek: How Donald Trump’s company violated the U.S. embargo against Cuba; WSJ: Clinton aide Huma Abedin is lightning rod for attacks; The Guardian: Trump peddles Google conspiracy theory; NYT: Clinton struggles to lure young voters from third parties; CBS News: Trump can’t stop mocking former Miss Universe winner.