The Note: As The Donald Doubles Down, Favorability Doubles Up

— -- NOTABLES

--FIFTY-TWO PERCENT SEE CLINTON FAVORABLY, up 7 points from late May, while 45 percent see her negatively - putting her popularity back above water, if not broadly so. The result reverses a 22-point drop in favorability from her peak in January 2013. Clinton's improved the most since May among minorities, including Hispanics (up 17 points) and blacks (+12 points), as well as a mix of other groups, including Northeasterners (+16), "somewhat" conservatives (+14) and young adults (+12). http://abcn.ws/1I0vuyJ

WHAT WE'RE READING

"PRESIDENTIAL ELECTION ALREADY FUELED BY $377 MILLION," by the Associated Press's Julie Bykowicz. "The 2016 presidential contest is barely underway, and already donors have poured some $377 million into it, an Associated Press review shows. The first peek behind the fundraising curtain comes by midnight Wednesday, when most candidates must file their initial reports to the Federal Election Commission. Those documents will cover financial activity between April 1 and June 30 and will list the names of everyone who gave at least $200. The maximum contribution for the primary is $2,700. The FEC reports also will show how candidates are spending their money - on consultants, office space, advertising, polling and more." http://bit.ly/1I2MN0k

THE BUZZ

JEB BUSH ON DONALD TRUMP, IRAN AND HIS LAST NAME. At Jeb Bush's campaign event at Barley's Pub in Council Bluffs, Iowa, yesterday the former Florida governor and Republican presidential contender answered questions on Donald Trump and the Iran deal, among other topics, ABC's JOSH HASKELL.

--ON TRUMP: "I do think that from a Republican Party perspective, we have to be big and bold, not divisive and angry. We have to be hopeful and optimistic, not deeply pessimistic. We're never going to win if we're a grievance party. We'll win if we offer something that gives people hope that their lives are going to get better. Mr. Trump has every right to have every belief he has if he's going to run, that's fine. But I don't want to be associated with the kind of Vitriol that's he's spewing out these days."

--ON IRAN: "Based on what I know of the agreement, we should move towards the aberration of it......This is a hugely important agreement for US foreign policy. It appears to me that that the next President will have to deal with this in very substantive ways as it has to do with verification, and may other aspects of the agreement. All of this is done without any consideration for their missile launch capabilities that are improved, with their efforts to promote through state research, terrorism in the region. I think it's the wrong approach and a bad outcome."

HILLARY CAUTIOUSLY OPTIMISTIC ABOUT IRAN DEAL. In a brief media appearance on Capitol Hill yesterday, Hillary Clinton congratulated President Obama on the Iran deal while sounding cautious about it, ABC's CHRIS GOOD reports. "This does put a lid on the nuclear program, but we still have a lot of concerns about the bad behavior and the actions by Iran," she said, mentioning its sponsorship of terrorist groups and its imprisonment of Americans. Of Obama, she said "I applaud him," while noting that "there will be a number of issues that have to be addressed," first enforcement and second Iran's other activities. Potentially alluding to new international sanctions, Clinton said the U.S. should "immediately, upon completion of this agreement and its rigorous enforcement, look to see how we build a coalition to try to prevent and undermine Iran's bad behaviors in other arenas."

IN THE NOTE'S INBOX

HUCKABEE'S FUNDRAISING HAUL. A senior adviser to the Huckabee presidential campaign gives The Note a sneak peek at fundraising numbers: "Gov. Mike Huckabee's presidential campaign committee and affiliated committees have raised nearly $8 million to date. The nearly $8 million raised to date is well over three times as much as Gov. Huckabee raised in the first three quarters COMBINED of his 2008 campaign, when Huckabee was outspent 10:1 and won the Iowa caucuses and seven other states. The campaign committee raised $2 million, which includes only primary election money, and affiliated committees have raised nearly $6 million to date, for a total of nearly $8 million. We raised money from individuals in all 50 states. Our average contribution is $101."

WHO'S TWEETING?

@DavidMDrucker: Why are Repubs confidant #IranDeal helps them in 2016? Convinced Iran will cheat & foment terror: http://washex.am/1K5IeVa

@jestei: On Iran deal @peterbakernyt as usual steps away from press release blah blah blah to bring clarity sense of history, http://nyti.ms/1V1YolU

@jpaceDC: Obama advisers say he is sensitive to perception he was desperate for a deal and would never walk away from talks http://apne.ws/1K75T7L

@DMRegister: .@BobbyJindal, at 45, would be youngest of 2016 presidential hopefuls when sworn in. Who would be oldest? http://dmreg.co/1K7lRvU #IAcaucus

@CraigCaplan: Day after Hillary Clinton meets with House Democrats, VP Biden heads to Capitol Hill to speak with the caucus.Iran deal is topic number one.