A leaked report of U.S. munitions running low has Trump furious and threatening leakers, a story that could weaken America's hand in the Iran standoff.

• The Washington Post says Trump blew up at his defense secretary over being misled about severe missile and munitions shortages that could limit action against Iran.
• The White House denies the meeting happened and Trump vows to hunt down and jail the leakers.
• If the U.S. really is short on weapons, it undercuts Trump's claim of an all-powerful military and weakens U.S. leverage in any negotiations.
• Jamie Dimon of JP Morgan warns that hidden debt and leverage across markets are near record highs, raising the odds of a sudden market shock.
• Bernie Sanders is pushing tax hikes on billionaires, a $20 minimum wage, and Medicare for all, tapping anger over extreme wealth gaps.

Outlook: The munitions question and a possible Iran-Oman deal will shape whether the U.S. keeps or eases its blockade, while doubts about Fed independence and high market leverage keep investors nervous.