AMNA NAWAZ: We start the day's other headlines in Iran's capital city of Tehran, where hundreds of thousands attended a funeral procession for the country's late supreme leader the Ayatollah Ali Khamenei.

Mourners chanted "Death to America" as Khamenei's casket and those of his family members made their way through the city streets.

The 86-year-old cleric was killed in U.S.

and Israeli airstrikes in February.

Many supporters vowed revenge, saying that America killed the -- quote -- "father of Iran."

SAHAR ZARAATGAR, Mourner (through translator): We are here to show our leader's path will continue.

All of us will continue down his path with clenched fists.

And soon we will avenge his death against the U.S.

and Israel.

AMNA NAWAZ: Iranian President Masoud Pezeshkian was seen walking among the crowd and greeting mourners.

Khamenei's casket will travel to the Iranian city of Qom and then to Iraq before the late leader is buried in his hometown of Mashhad.

The multiday funeral comes as diplomatic efforts continue to find a permanent end to the war.

Hamas says it has dissolved its government in Gaza as it prepares to transfer power to a U.N.-backed technical committee.

A lower-level official made the announcement at a news conference today as part of a U.S.-brokered cease-fire deal with Israel.

But the militant group stopped short of saying it would disarm or hand over security to an international force, both of which are requirements in the deal's second phase.

Israel dismissed the announcement as an attempt by Hamas to avoid disarming, and it's unclear what impact it will have on the ground, if any.

Some Palestinians say they hope it's a step toward peace.

MOUNIR KHEDR, Displaced Palestinian (through translator): We wish from God that handing over this Hamas administrative committee brings improvement.

We wish from God to be relieved from the tents, mosquitoes, mice that are eating us up with our children.

This is not life.

We are living in torture.

AMNA NAWAZ: Israel has continued to strike suspected Hamas targets despite the cease-fire that was signed some nine months ago.

Hamas has significantly reduced its major results on Israel, but has continued with intermittent strikes as well.

Health officials in Gaza say Israelis' attacks today killed at least five people across the territory.

Health officials in the Democratic Republic of the Congo say more than 500 people have now died in the Ebola outbreak.

The Ministry of Health says the virus' spread continues to outpace the response, with confirmed cases now above 1,500.

In the meantime, health workers on the front lines are threatening to go on a 24-hour strike over unpaid benefits and poor working conditions.

That could jeopardize clinical trials with experimental treatments, which opened for enrollment just days ago.

Cuba was hit by an island-wide blackout today as the nation struggles with an ongoing energy crisis.

Cuba's power utility called it a total disconnection from the nation's electrical system and said it's investigating the cause.

It's just the latest power failure on the island of some 10 million people after at least two similar incidents earlier this year.

The nation suffers from aging energy infrastructure, and fuel has been running out since the Trump administration threatened tariffs earlier this year on any countries providing oil to Cuba.

Back in the U.S., parts of the mid-Atlantic and Northeast saw drenching downpours today, with some 60 million Americans under flood watches and warnings.

It follows a wild weekend of storms that downed trees and damaged homes from the Midwest to the East Coast.

As of this afternoon, nearly 500,000 people were without power.

And while some areas work to recover from this weekend's flooding, forecasters say areas from Western Pennsylvania to New England could see up to four inches of rain through tomorrow.

In Pennsylvania, officials warned of the flood risk.

RANDY PADFIELD, Director, Pennsylvania Emergency Management Agency: The bottom line and the last point is never walk or drive through flooding areas or moving water.

The highest loss of life we see in the commonwealth is usually associated with flash flooding and it's people trying to drive through moving water and their vehicles getting swept away.

And they usually have very tragic outcomes.

AMNA NAWAZ: The storms come on the heels of last week's record-setting heat, which officials say may have contributed to at least 25 deaths in New Jersey alone.

And, out West, evacuation orders remain in effect for parts of Utah and Colorado due to massive wildfires there.

Most are only partly contained.

Microsoft said today it's cutting 4,800 jobs, or about 2 percent of its global work force.

That includes around 1,600 positions from its Xbox gaming division, plus more cuts in the coming months.

The unit's CEO says their business today is not healthy due to increased competition and rising hardware costs.

Microsoft is just the latest tech giant to announce layoffs as the sector adjusts to the rise of A.I., following similar moves in recent months by the likes of Amazon and Meta.

President Trump kicked off the trading day on Wall Street by ringing the opening bell from the Oval Office.

MAN: So, ring the bell, Mr.

President.

(BELL RINGING) (CHEERING) AMNA NAWAZ: The symbolic act was meant to highlight the rollout of so-called Trump Accounts, which are investment accounts for American kids that are initially funded by the government.

By the close, the Dow Jones industrial average gained about 150 points on the day.

The Nasdaq rose nearly 300 points, or more than 1 percent.

The S&P 500 also ended in positive territory.

And businessman and pioneer of Black hair care products, George E. Johnson, has died.

He founded Johnson Products in 1954 and went on to make a fortune on products like Afro Sheen and Ultra Sheen.

His company was said to be the first Black-owned firm to be listed on a major American stock exchange.

He also founded a bank and was the exclusive sponsor for the legendary TV show "Soul Train."

His wife says he died today at his home in Chicago from a respiratory illness.

George E. Johnson was 99 years old.

Still to come on the "News Hour": the Trump administration rolls back numerous gun regulations; our Politics Monday team looks at both the unity and divisions that marked Fourth of July celebrations; and the rise of a tick-borne illness that makes people allergic to red meat.