Trump declares economic warfare on Iran. And, SCOTUS to rule on White House ballroom

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Fresh Air Wild Card with Rachel Martin It's Been a Minute Embedded Get NPR+ More Podcasts & Shows Search Newsletters NPR Shop Get NPR+ Tiny Desk New Music Friday All Songs Considered Music Features Live Sessions About NPR Diversity Support Careers Press Ethics Up First briefing: Iran's economy; Trump's ballroom; Bond market President Trump has declared economic warfare on Iran in an effort to pressure the country back into negotiations. And, the Supreme Court is set to decide on the future of Trump's ballroom. Special Series Up First Newsletter All Up First Stories Up First Podcast Morning Edition LISTEN & FOLLOW NPR App Apple Podcasts Spotify Amazon Music iHeart Radio RSS link Sign up for the [TITLE] Newsletter Get perks with [Podcast Title]+ Your support helps make our show possible and unlocks access to our sponsor-free feed. By Brittney Melton Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. The Trump administration is threatening more economic pressure on Iran to push it back into negotiations over the Strait of Hormuz. President Trump is calling the campaign an "economic D-Day." Treasury Secretary Scott Bessent said he will outline the new measures Monday. President Trump during an event announcing the expansion of a foster care initiative in the Rose Garden of the White House on Aug. 20, 2026, in Washington, D.C. Finn Gomez/Getty Images hide caption The Supreme Court will decide whether Trump can continue construction on his ballroom after the nonprofit group National Trust for Historic Preservation sued the administration. An appeals court ruled in the nonprofit's favor but paused its order until today. The nonprofit says Trump needs congressional approval for the project. The Trump administration argues the ballroom is essential to an "integrated military complex," including medical facilities, a drone port and bomb shelters. Investors dumped stocks and bonds yesterday after government debt yields hit their highest level in nearly two decades earlier this week. The Trump administration tried unsuccessfully to calm markets. Here's why you should pay attention to the bond market. A trailer of wild mustangs are transported to the temporary holding facility during the Bureau of Land Management wild mustang round-up in Piceance-East Douglas Herd Management Area in Rio Blanco County, Colo., on Aug. 5, 2026. McKenzie Lange/CPR News hide caption U.S. officials manage the ever-growing population of wild horses on federal lands across 10 Western states by removing horses when their numbers exceed what the land can support. In rural Colorado, the Bureau of Land Management is using helicopters to capture about 1,000 horses. Many will be sent to controversial long-term holding facilities, and once separated, will likely never be together again. See photos of how the federal government thins the herd of wild horses. Hannah Einbinder and Gillian Anderson in Teenage Sex and Death at Camp Miasma. MUBI hide caption Check out what NPR is watching, reading and listening to this weekend: 🍿 Movies: Pop Culture Happy Hour says the bloody, queer slasher Teenage Sex and Death at Camp Miasma is "gore-filled fun you won't want to miss." 📺 TV: Jason Segel plays a psychotherapist who suffers a nervous breakdown after his wife's death in Shrinking. Frustrated by his patients' repetitive complaints, he begins offering blunt advice. Segel dishes all about the show on Fresh Air. 📚 Books: Paul Yoon's Etna tells the story of a dog conscripted into an unnamed war in an unspecified country. NPR's Maureen Corrigan says that from the beginning, the book's narrative voice is somber and poetic in its simplicity. 🎵 Music: Taja Cheek's fata morgana blends the alien and familiar, showcasing music that embraces experimentation as part of the artist's evolutionary cycle, drawing her closer to her pop center 🍚 Food: Jollof is one of the most famous dishes in West Africa. It consists of rich, fragrant rice cooked with spices, tomatoes and meat. Try it for yourself with this recipe. Vector illustration of Abstract Mental Health PTSD concept with human silhouette with brain and health management elements, symptoms, issues, science, treatment. Includes editable vector eps and jpg file in download. Easy to edit. All fonts outlined. JDawnInk/Getty Images/Digital Vision Vectors hide caption This newsletter was edited by Majd Al-Waheidi. Sponsor Message Become an NPR sponsor