The war in Vietnam took six years to become as hated by Americans as the Iran war has become in six months. Net approval for Donald Trump’s war among Democratic voters is a solidly abject -84%. But here’s a surprise: for the first time, many more than half of his supporters approve only “somewhat” of how he’s handling his job, according to a Washington Post/Ipsos poll.

Elsewhere: China’s young billionaires have made their wealth from video games, tea, AI and Labubus. This generation of tycoons is China’s most global—and its most enigmatic.

What to expect in the week ahead:

▸ After being sworn in as Britain’s new prime minister on Monday, Andy Burnham will announce his cabinet. Investors have been nervously waiting for his pick for chancellor. Shabana Mahmood, the current home secretary, has reportedly emerged as a frontrunner.

▸ Joseph Aoun, Lebanon’s president, will meet Donald Trump for the first time on Tuesday. It has been nearly 20 years since a Lebanese head of state has visited the White House. Mr Aoun will reportedly present a plan on how to disarm Hizbullah, a militant group in Lebanon, and secure Israel’s withdrawal from the country.

▸ Alphabet reports its second-quarter earnings on Wednesday. The company’s market value rose by $2trn over 12 months, and in June it issued an $85bn share offering, the biggest-ever corporate equity-raising exercise. But its results come amid investor concerns about AI spending. Along with other tech giants, Alphabet’s stock fell in June.

In last Sunday’s edition of this newsletter, we said that Andy Burnham was expected to become Britain’s prime minister on July 17th. This was wrong. He became leader of the Labour Party that day, and will become the prime minister on July 20th. Sorry.