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INTERACTIVE BROKERS $IBKR JUNE DARTs UP 53% YoY TO 5.27M June brokerage metrics: - DARTs: 5.269M, +53% YoY, +6% MoM - Client accounts: 5.185M, +34% YoY - Client equity: $930.3B, +40% YoY, -1% MoM - Client margin loans: $108.5B, +67% YoY, +8% MoM - Client credit balances:

DEUTSCHE BANK SEES TOKENIZATION RESHAPING MARKETS Deutsche Bank says tokenized cash and collateral could transform financial markets by enabling 24/7 trading, near-instant settlement, and more efficient funding. The bank sees rapid growth in tokenized money market funds and

GOOGLE CLOUD $GOOGL COMPLETES DUTCH DPIA FOR EU PUBLIC SECTOR USE Google said it worked with SLM Rijk, a Dutch central government vendor management body, which completed a Data Protection Impact Assessment of Google Cloud. Google said the result positions it as a "safer choice"

BOFA CEO DISMISSES RECESSION FEARS Bank of America CEO Brian Moynihan said higher interest rates are not a sign of recession but reflect a resilient U.S. economy and the Fed's effort to control inflation. Despite BofA forecasting three Fed rate hikes, Moynihan expects economic

$META - META SHARES EXTEND GAINS, LAST UP 10%

US CRUDE STOCKS IN SPR FELL IN LATEST WEEK TO LOWEST SINCE MAY 1983, EIA SAYS

US CRUDE STOCKS IN LATEST WEEK FELL TO LOWEST SINCE SEPTEMBER 2018, EIA SAYS

U.S. HOUSING MARKET REBALANCES U.S. asking home prices fell 2.5% year over year in June, marking an eighth straight monthly decline, according to Realtor. com. Pending home sales rose 3.7%, while homes spent no more time on the market than a year ago for the first time in 26

CHINA FOREIGN MINISTER HELD CALL WITH US RUBIO - XINHUA CHINA FOREIGN MINISTER: HOPES U.S. TO TREAT TAIWAN-RELATED ISSUES WITH CAUTION CHINA FOREIGN MINISTER: TWO SIDES SHOULD CONTROL RISKS CHINA FOREIGN MINISTER: URGES CHINA, U.S. TO STAY ON COURSE TOWARD CONSTRUCTIVE

CHIP STOCKS SLIDE The Philadelphia Semiconductor Index fell 3.6% in early trading. $MU -6.7% $ARM -4.6% $INTC -4.0% $AMD -3.5% $TSM -3.4% $MRVL -2.7% $NVDA -2.3% $AVGO -1.4%

U.S. MANUFACTURING COOLS IN JUNE U.S. manufacturing activity slowed in June, with the ISM index falling to 53.3 from 54.0, below expectations. New orders eased, while the prices paid index dropped sharply to 73.0, signaling softer inflation pressures. The employment index

ED'S WARSH: MY HOPE IS THAT 9-12 MONTHS FROM NOW WE'LL BE USING NEW TECH TO UNDERSTAND THE ECONOMY

VENEZUELA OIL EXPORTS EDGE LOWER Venezuela's oil exports slipped to 1.2 million bpd in June. Exports to the U.S. rose to 630,000 bpd, while shipments to India fell to 277,000 bpd. Chevron's Venezuelan oil exports increased to 293,000 bpd, while exports by trading firms

ISM U.S. MANUFACTURING NEW ORDERS INDEX 56.0 IN JUNE VS 56.8 IN MAY

BITCOIN ETF OUTFLOWS EXTEND Bitcoin ETFs ended June with $222.6 million in net outflows, marking more than two straight weeks of investor withdrawals, according to Coinglass. Ether ETFs also continued to see outflows, while Solana and XRP ETF flows remained mixed. Despite the

NISSAN CUTS COSTS ON MEXICO-MADE CARS TO MITIGATE 25% TARIFFS

WARSH: STILL HAVE SCARS FROM 2008 FINANCIAL CRISIS, WE TAKE RISK SERIOUSLY

US S&P JUNE MANUFACTURING PMI AT 53.9; PREV. 51.6

SPOT SILVER RISES NEARLY 3% TO $60.37/OZ

SPOT GOLD EXTENDS GAINS AFTER FED CHAIR KEVIN WARSH'S COMMENTS, LAST UP NEARLY 2% AT $4,086.09/OZ

CHINA’S CMRG RESTRICTS SOME STEELMAKERS FROM TAKING DELIVERY OF CERTAIN PORTSIDE FORTESCUE IRON ORE PRODUCTS FROM JULY 15, SOURCES SAY

YEN INTERVENTION WATCH INTENSIFIES Markets expect Japan could intervene to support the yen during Friday's U.S. holiday-thinned trading. However, Rabobank says intervention alone is unlikely to reverse the yen's weakness, which is being driven by a strong dollar and investor

FED'S WARSH: WILL LIKELY HAVE NEWS NEXT WEEK ON LEADERS OF TASK FORCES FED'S WARSH: WILL ASK BEST MINDS FROM INSIDE AND OUTSIDE THE U.S.

FED'S WARSH: VOLATILITY IS DOWN, YIELDS ARE DOWN

*META RISES 7.9%, LARGEST GAIN SINCE APRIL 8

FED'S WARSH: WE'LL BE AN INDEPENDENT CENTRAL BANK FED'S WARSH: NO CHANGES IN INDEPENDENCE

FED'S WARSH: IF ANYONE THOUGHT WE'D BE HAPPY WITH INFLATION ABOVE 2%, THEY WILL BE DISAPPOINTED

FED'S WARSH: INFLATION RISKS HAVE COME DOWN

U.S. TREASURY YIELDS PARE GAINS AS FED CHAIR WARSH SPEAKS AT SINTRA PANEL; YIELD ON 10-YEAR TREASURY NOTE LAST UP 5.91 BASIS POINTS AT 4.481%

🚨Political Trade Alert🚨 Rep. Keith Self has released a new financial disclosure. Highlights: $NVDA Nvidia $1k-$15k $PEP Pepsi Co. $1k-$15k $GPC Genuine Parts $1k-$15k Sold: $T AT&T $1k-$15k Sold: $MRK Merck & Co. $1k-$15k

$META - META SHARES UP 6.3% PREMARKET

TRUMP SAYS HE PROFITS FROM MARKET RALLY President Trump said independent funds manage his investments and that he does not communicate with those managing his money. He added that he is benefiting from the stock market's gains, saying he is profiting alongside other investors

TRUMP: WE'RE BUILDING A LOT OF CAR PLANTS, AI SITES IN THE US

*TRUMP: I'M PROFITING BECAUSE THE STOCK MARKET IS GOING UP

BINANCE SHUT OUT OF EU MARKET Binance failed to secure an EU license after regulators raised concerns over its history of financial-crime compliance. The exchange withdrew its application in Greece and suspended services for EU users without authorization, allowing only

*META IS BUILDING A CLOUD BUSINESS TO SELL EXCESS AI COMPUTE

TRUMP: DENUCLEARIZATION OF IRAN IS MOVING ALONG WELL

TRUMP ON IRAN: VERY GOOD MEETINGS

SPOT GOLD SLIGHTLY EXTENDS GAINS AFTER ADP DATA, LAST UP 0.5% AT $4,025/OZ

U.S. PRIVATE HIRING MISSES EXPECTATIONS U.S. private employers added 98,000 jobs in June, according to the ADP National Employment Report. That missed economists' expectations for a 118,000-job increase, signaling a softer-than-expected pace of hiring ahead of the official

PLAYSTATION: TO END PHYSICAL DISC PRODUCTION FOR NEW GAMES STARTING JANUARY 2028

$MSTR - CITI CUTS STRATEGY TARGET TO $136 Citi lowered its price target on Strategy to $136 from $260 but maintained a Buy rating. The firm cut its 12-month Bitcoin forecast to $81,800, citing lower expected BTC gains. Citi said Strategy's updated capital plan strengthens

OPEC+ IS LIKELY TO RAISE OIL OUTPUT QUOTAS FOR AUGUST BY 188,000 BARRELS PER DAY AT SUNDAY MEETING, THREE SOURCES SAY #OOTT

BITCOIN HIT BY RATE, STRATEGY CONCERNS Bitcoin remains under pressure as expectations of higher U.S. interest rates weigh on sentiment. Investors are also reacting to reports that Strategy may sell Bitcoin to raise cash, despite previous comments from Michael Saylor. Analysts

RUSSIA TURNS TO INDIA FOR GASOLINE Russia has begun importing gasoline from India to ease fuel shortages caused by Ukrainian attacks on its energy infrastructure. At least 60,000 tons have already been shipped, with Russia reportedly targeting 400,000 tons per month from India

REUTERS POLL-EURO FORECAST TO TRADE AT $1.16 IN THREE MONTHS, $1.17 IN SIX MONTHS AND $1.18 IN A YEAR (VS $1.18, $1.19 AND $1.20 IN JUNE POLL) REUTERS POLL-US DOLLAR POSITIONING TO HOLD STEADY OR SEE NET LONGS INCREASE BY END-JULY, SAID 29 OF 41 FX STRATEGISTS; 12 SAID DECREASE

RUSSIA HAS STARTED SEABORNE GASOLINE IMPORTS FROM INDIA, TWO SOURCES SAY

$SPCX - WEDBUSH SEES SPACEX AS AI HYPERSCALER Wedbush initiated coverage of SpaceX with an Outperform rating and a $190 price target. The firm sees SpaceX evolving into a major AI hyperscaler, driven by Starlink, Starship, and AI infrastructure. It also believes Starlink's

BYD SET TO RETAKE EV SALES CROWN BYD delivered 557,090 fully electric vehicles in Q2, putting it on track to overtake Tesla as the world's top EV seller. The Chinese automaker continues to gain overseas market share while investing in self-driving technology and next-generation

*HASSETT SAYS RAISING INTEREST RATES WOULD BE MISTAKE

UKMTO SAYS RECEIVED A REPORT OF AN INCIDENT 85 NM OF BALHAF, YEMEN

*HASSETT SAYS STRAIT OF HORMUZ TRAFFIC HAS RISEN AGAIN

*HASSETT EXPECTS U.S. H2 GDP GROWTH NEAR 4%

SAUDI ARAMCO MAKES RARE SPOT OIL SALES AS ITS SHIPMENTS RAMP UP SAUDI ARAMCO HAS SO FAR SOLD AT LEAST 6 MILLION BARRELS OF CRUDE TO CUSTOMERS ACROSS SOUTH KOREA, JAPAN AND CHINA

TRUMP'S JULY 1 SCHEDULE Time (ET) 🔸 7:15 - AMWhite House travel pool call time 🔸 1:10 - PMFreedom 250 train ride & welcome ceremony (Medora, ND) 🔸 1:45 - PMTour of the Theodore Roosevelt Presidential Library 🔸 3:15 - PMDelivers remarks at the Burning Hills Amphitheater 🔸

IRAN SAYS NEGOTIATIONS ON A FINAL AGREEMENT HAVE NOT BEGUN: IRNA

SAUDI ARAMCO SELLS MILLIONS OF BARRELS OF OIL SPOT IN ASIA

TRUMP DISCLOSES $1B+ CRYPTO WINDFALL President Trump disclosed earning over $1 billion from crypto ventures in 2025, including $635 million from $TRUMP meme coin licensing and more than $500 million from World Liberty Financial token sales. The filing also revealed dividend

BARCLAYS SEES CRACKS IN U.S. EQUITY DOMINANCE Barclays says U.S. stocks still dominate, with record June inflows of about $150B. But crowded dollar positioning, AI volatility, lower oil prices, and stretched U.S. equity flows may spark renewed interest in Europe. Despite risks

TRUMP: REPUBLICAN PARTY WILL HOLD A MIDTERM CONVENTION IN DALLAS, TEXAS

WORLD BANK TO PHASE OUT LENDING TO CHINA BY 2031, SOURCE SAYS

TRUMP REPORTS RECEIVING OVER $500 MILLION IN PROCEEDS FROM CRYPTO TOKEN SALES BY WORLD LIBERTY FINANCIAL

PRESIDENT TRUMP FILES 2025 ANNUAL FINANCIAL DISCLOSURE REPORT, DISCLOSING HUNDREDS OF MILLIONS OF DOLLARS IN CRYPTO EARNINGS

TRUMP REPORTS EARNING $635 MILLION IN ROYALTIES LINKED TO MEME COIN

INTUITIVE MACHINES $LUNR WINS NASA CONTRACT WORTH UP TO $148.3M Intuitive Machines received a NASA contract worth up to $148.3M to deliver its Nova-C lander to the Moon by 2028, per the company. The award is part of the NASA Moon Base lunar lander contracts announced today,

NVIDIA $NVDA SHAREHOLDERS ELECT ALL TEN DIRECTORS AT ANNUAL MEETING Nvidia shareholders elected all ten director nominees to serve until the 2027 annual meeting and approved the advisory vote on executive compensation, per an SEC filing. They also approved a proposal to replace

NIKE $NKE Q4 BEATS ON REVENUE AND PROFIT - Revenue: $10,972M vs $10,859M est, beat - EPS: $0.72 - Net income: $1,069M vs $201M est, beat - Gross margin: 49.2% - Gross profit: $5,393M - Pretax profit: $1,329M Results include a tariff refund benefit Nike flagged earlier, a

CONSTELLATION BRANDS $STZ Q1 SALES AND ADJ EPS BEAT - Adj EPS: $3.43 vs $3.21 est, beat - Revenue: $2,433M vs $2,392M est, beat

PROGRESS SOFTWARE $PRGS Q2 ADJ EPS $1.62 BEATS - Adj EPS: $1.62 vs $1.49 est, beat - Revenue: $253.5M

ACTIVIST JANA PARTNERS BUILDS NEW STAKE IN EVERPURE $P Jana Partners has built a new position in Everpure, formerly Pure Storage, and is expected to soon disclose it in a regulatory filing, per Reuters. Jana began building the stake in Q1 2026 and requested confidential

IRAN'S TOP NEGOTIATOR QALIBAF SAYS WE ARE NOW SELLING OUR OIL WITH A PRICE 20% HIGHER THAN BEFORE

IRAN'S TOP NEGOTIATOR QALIBAF SAYS SOVEREIGNTY OF THE STRAIT OF HORMUZ LIES WITH IRAN AND OMAN AND TRAFFIC IN THE STRAIT IS ACCORDING TO THE ARRANGEMENTS THAT IRAN SPECIFIES

IRAN'S TOP NEGOTIATOR QALIBAF SAYS PASSAGE WITHOUT COST IN THE STRAIT OF HORMUZ IS ONLY FOR 60 DAYS PER MOU

NASA AWARDS UNCREWED LUNAR LANDER CONTRACTS TO ASTROBOTIC, FIREFLY, INTUITIVE MACHINES NASA awarded uncrewed lunar lander contracts to Astrobotic, Firefly Aerospace $FLY and Intuitive Machines $LUNR under its Moon Base program, per Administrator Jared Isaacman. The awards,

REPUBLICAN HARDLINERS BLOCK U.S. HOUSE MEASURE TO ADVANCE DEFENSE POLICY BILL IN PROTEST OVER TRUMP VOTER ID LEGISLATION

IRAN POWER STRUGGLE THREATENS U.S. PEACE TALKS Internal divisions in Iran are complicating peace talks with the U.S. President Masoud Pezeshkian is seeking the release of frozen assets to support the economy, while the Revolutionary Guard is demanding control of the Strait of

U.S. WEIGHS BAN ON FOREIGN SOLAR INVERTERS The Trump administration is drafting a ban on foreign solar inverters over fears China could use them to disrupt U.S. power supplies. The FCC proposal could target new foreign inverter models and may be published this year. The move

AMAZON $AMZN: AWS TO INVEST $1B TO EMBED AI ENGINEERS WITH CUSTOMERS Amazon Web Services is investing $1B to embed its AI engineers directly with customers to help them build and deploy AI, per AWS. The investment expands AWS's forward-deployed engineering model, in which its

*JUSTICE ALITO RETIRES FROM SUPREME COURT, NPR REPORTS

GERMAN LEFTWING TERRORISM ON THE RISE, SPY AGENCY WARNS

- FED'S HAMMACK: IF CONSUMER DATA HOLDS UP FED POLICY MAY NOT BE RESTRICTIVE ENOUGH

FED'S HAMMACK: SEES A BROAD BASED STORY FOR HIGH INFLATION FED'S HAMMACK: CORE SERVICES INFLATION HAS BEEN HIGH

FED'S HAMMACK: INFLATION IS STILL TOO HIGH, FED MAY NEED TO CONSIDER RATE HIKES

FED'S HAMMACK: JOB MARKET IS RIGHT AROUND FULL EMPLOYMENT, GROWTH LOOKS GOOD CNBC

FAA Prepares Aircraft-Technology Mandate After D.C. Midair Crash, Sources Say FAA Mandate Under Discussion Would Require Nearly All Aircraft in Civilian Airspace to Use ADS-B Systems, Sources Say Administrator Bryan Bedford Has Tasked Staffers to Draft Measure While Safety

SUPREME COURT STRIKES DOWN TRUMP'S EXECUTIVE ORDER ON BIRTHRIGHT CITIZENSHIP

U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00%

MORGAN STANLEY SEES MORE UPSIDE AFTER MIDDLE EAST CALM Morgan Stanley says the market rotation following easing Middle East tensions still has room to run. The bank sees catch-up opportunities in South African miners, UAE equities and Turkish banks, while energy and chemical

SPOT GOLD RISES NEARLY 1% TO $4,054.89/OZ

BP DEPUTY CEO CAROL HOWLE TO RETIRE BP: HOWLE TO RETIRE IN 3Q AFTER 26 YEARS WITH COMPANY

U.S. SUPREME COURT RULES IN FAVOR OF IDAHO, WEST VIRGINIA LAWS BANNING TRANSGENDER ATHLETES FROM PARTICIPATING ON FEMALE SPORTS TEAMS

*US MAY JOB OPENINGS 7.594M; EST. 7.296M

US JUNE CONSUMER CONFIDENCE INDEX 91.2 (CONSENSUS 94.8) - CONFERENCE BOARD

NEW YORK CITY APPROVES $125.8 BILLION BUDGET New York City Mayor Zohran Mamdani and the City Council agreed on a $125.8 billion budget, ending days of tense negotiations. The deal includes $175 million for the city's rental assistance program and marks the first budget of

CHICAGO PMI JUNE INDEX 56.7 (CONSENSUS 56.0)

BITCOIN ETFS SEE EIGHTH STRAIGHT OUTFLOW Bitcoin ETFs recorded an eighth consecutive day of net outflows, with investors pulling another $231 million, according to CoinGlass. June has seen $4.3 billion leave Bitcoin ETFs—the largest monthly outflow this year—as higher interest

CRYPTO FIRMS BECOME TOP U.S. POLITICAL DONORS Crypto companies have spent $189 million on the 2026 U.S. midterm elections, surpassing their 2024 total and making the sector the largest corporate political spender. The industry is pushing for new crypto legislation after

🚨Insider Trade Alert🚨! VP Tien Bor-Zen has purchased 2,000 shares in $TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD worth $152,340.00 $TSM current value: $455.10 Market: NYSE

🚨Political Trade Alert🚨 Rep. Greg Stanton has released a new financial disclosure. Highlights: Sold: $TCNNF Trulieve Cannabis Corp $100k-$250k

🚨Insider Trade Alert🚨! Chief Financial Officer Keyter Charl has purchased 200,000 shares in $SBSW Sibanye Stillwater Ltd worth $448,000.00 $SBSW current value: $8.62 Market: NYSE

U.S. HOME PRICE GROWTH TOPS EXPECTATIONS U.S. home prices rose 1.1% year over year across the 20 largest metro areas in April, beating expectations and accelerating from March, according to the S&P CoreLogic Case-Shiller Index. On a seasonally adjusted basis, prices were

US JOLTS JOB OPENINGS ACTUAL 7.618M (FORECAST 7.2955M, PREVIOUS 6.887M)

$MSTR : CANACCORD GENUITY CUTS TARGET PRICE TO $130 FROM $163

APOLLO WARNS AI DEBT MAY CROWD OUT TREASURYS Apollo Chief Economist Torsten Slok says massive debt issuance by AI hyperscalers is diverting investor demand away from U.S. Treasurys and other credit markets. He questioned who will absorb roughly $700 billion of new AI-related

BESSENT SAYS CHINA REMAINS IRAN'S ONLY OIL BUYER U.S. Treasury Secretary Scott Bessent said China remains the only major buyer of Iranian oil, while other countries are avoiding purchases over fears U.S. sanctions could return. He said this gives Tehran an incentive to

AI MEMORY BOOM ADDS TO U.S. INFLATION Wolfe Research says soaring memory chip prices, driven by AI demand, have added about 0.3 percentage points to U.S. core inflation. Rising DRAM and NAND costs are pushing up computer and smartphone prices, with Apple expected to raise

DOLLAR/YEN BRIEFLY SEES SHARP DROP LAST UP 0.25% AT 162.34

EUROPEAN WEALTH RISES, BUT U.S. STAYS FAR AHEAD Europeans grew wealthier in 2025, with average wealth per adult rising 17%, helped by a stronger euro. Still, average wealth in Europe ($337,083) remains less than half that of the U.S. ($696,277), according to UBS. The U.S. also

IMF FLAGS AI DEBT AS BIGGER RISK THAN VALUATIONS The IMF says AI-related borrowing poses a bigger financial stability risk than high tech stock valuations. IMF official Tobias Adrian warned that major tech firms are taking on more debt to fund AI investments, creating potential

*BESSENT: WOULDN'T BE SURPRISED IF JUNE JOBS ARE 'VERY STRONG' *BESSENT: HAVEN'T SEEN THE JUNE JOBS FIGURES

*ISRAEL UPGRADES IRON DOME MISSILE DEFENSE, INTEGRATES LASER

BESSENT ON GAS PRICES: ENCOURAGE THEM TO BE GOOD ACTORS, WE'RE WATCHING -FOX

IRAN SAYS ITS OIL, PETROCHEMICAL SALES GREATLY FACILITATED

IRAN'S BAGHAEI SAYS INTERIM DEAL CLAUSES NEED TO BE IMPLEMENTED BEFORE TALKS WITH U.S. TO REACH FINAL DEAL CAN START

IRAN'S BAGHAEI SAYS COMMUNICATION CHANNEL BETWEEN IRAN AND U.S. IS NOT MILITARY BUT POLITICAL

GERMAN JUNE PRELIMINARY CPI +2.3% Y/Y (VS F'CAST OF +2.60% Y/Y)- STATISTICS OFFICE GERMAN JUNE PRELIMINARY CPI -0.3% M/M (VS F'CAST OF 0.00% M/M)- STATISTICS OFFICE GERMAN JUNE PRELIMINARY HICP +2.4% Y/Y (VS F'CAST OF +2.50% Y/Y)- STATISTICS OFFICE GERMAN JUNE PRELIMINARY HICP

IRAN: 'SERIOUS CHALLENGES' REMAIN IN US IMPLEMENTATION OF MOU

IRAN: IAEA ACCESS TO DAMAGED NUCLEAR SITES REMAINS BLOCKED

$AMZN - AMAZON INVESTS IN ONE OF THE WORLD’S LARGEST CARBON REMOVAL PROJECTS, CREATING 11,000 JOBS AND RESTORING NATURE AMAZON: TO BUY 1.95 MLN TONNES OF HIGH-QUALITY NATURE-BASED CARBON REMOVAL CREDITS GENERATED BY PROJECT

IRAN'S BAGHAEI TO IAEA'S GROSSI: STOP ISSUING POLITICAL STATEMENTS AND FOCUS ON FULFILLING YOUR PROFESSIONAL DUTIES AS HEAD OF UN NUCLEAR WATCHDOG

- IRAN'S BAGHAEI SAYS DIALOGUE WITH MEDIATOR QATAR ON IMPLEMENTATION OF INTERIM DEAL WITH U.S., INCLUDING RELEASE OF FROZEN ASSETS, LIKELY TO BE ON WEDNESDAY IN DOHA

IRAN'S FOREIGN MINISTRY SPOKESPERSON BAGHAEI SAYS THERE IS NO NEED FOR OUTSIDE INTERFERENCE IN STRAIT OF HORMUZ AS IT WOULD ONLY COMPLICATE ISSUES

GOLD SET FOR WORST QUARTER SINCE 2013 Gold is on track for a 13% quarterly loss, its biggest decline in 13 years. The selloff is driven by expectations of higher U.S. interest rates, with markets pricing in multiple Federal Reserve rate hikes this year. Analysts say a stronger

*SK HYNIX SAID TO FILE FOR NASDAQ LISTING

LARGEST US REGIONAL GRID PJM TO BREAK ALL-TIME SUMMER ENERGY DEMAND RECORD OF 166 GIGAWATTS ON JULY 2 - PJM FORECAST DATA

QATAR SAYS US, IRAN 'TECHNICAL MEETINGS' HAVE NOT STOPPED

WALL STREET POSTS BEST QUARTER SINCE 2020 U.S. stocks are set to close their strongest quarter in years. The S&P 500 has gained 14% and the Nasdaq has surged 20%—both on track for their best quarterly performance since 2020. The Dow has also climbed 13%, marking its strongest

FDA SELECTS SEVEN COMPANIES FOR PRECHECK PILOT TO BOOST US DRUG MANUFACTURING The FDA selected seven participants for its PreCheck pilot program to advance domestic drug manufacturing, per the agency: - Amneal $AMRX - Cellares - Eli Lilly $LLY - Fujifilm - Kriya - Kyowa Kirin -

JANA PARTNERS REPORTS 6.3% STAKE IN ALKAMI TECHNOLOGY $ALKT The activist investor disclosed a 6.3% stake in Alkami Technology as of June 22, saying it believes the shares are undervalued and represent an attractive investment opportunity, per an SEC filing. JANA said it intends

IRAN: US MUST HONOR DEALS Iran’s president said any agreement with the U.S. must be mutual: “If Washington honors its commitments, we will honor ours.” He added that Iran will respond to threats with “rationality and dignity,” but will defend itself “decisively and without

NBCUNIVERSAL MAY ENTER VIDEO GAMES, COMCAST $CMCSA WEIGHS DATA CENTERS NBCUniversal may enter the video game business after the Comcast split, and Comcast could build out data centers to capitalize on AI growth, per Reuters sources. The report follows Comcast's move to spin off

BOFA: HEDGE THE RALLY Bank of America is urging investors to hedge further S&P 500 gains, warning the recent rally is losing momentum and could give way to a “three-wave correction” through September. Technical strategist Paul Ciana sees the index falling as low as 6,850—about

ABBVIE $ABBV REPORTS POSITIVE PHASE 3 EPCORITAMAB DATA IN LYMPHOMA AbbVie reported positive results from a Phase 3 trial of epcoritamab plus lenalidomide in patients with relapsed or refractory diffuse large B-cell lymphoma (DLBCL), per the company. Epcoritamab, marketed as

AEROVIRONMENT $AVAV Q4 REVENUE UP 133% TO RECORD $641.6M, EPS BEATS Q4 (fiscal year ended April 30): - Adj EPS: $1.84 vs $1.46 est, beat - Revenue: $641.6M, up 133%, a Q4 record - Adj EBITDA: $140.1M vs $61.6M a year ago - GAAP net income: $63.2M, $1.25 per diluted share - Gross

Trump: Unlikely save America act will be added on

TRUMP ON HOUSING BILL: I DON'T KNOW WHAT MY PLANS ON THAT

TRUMP SIGNS A MEMORANDUM RELATED TO AFTER-MARKET AUTO PARTS

TRUMP ON DOHA MEETING: IT WILL BE PERHAPS IMPORTANT, WE WILL FIND OUT

GHARIBABADI: IRAN OPPOSES AND WILL TRY TO OBSTRUCT ANY VESSELS TRANSITING THROUGH PATHS IN HORMUZ NOT SPECIFIED BY TEHRAN

UNRELEASED IPHONE 18 PRO FILES POSTED ON DARK WEB AFTER TATA HACK Files on Apple's $AAPL unreleased iPhone 18 Pro were posted on the dark web following the data breach at supplier Tata Electronics, per sources and documents. The leaked material includes a list of suppliers,

APPLE IS CONCERNED ABOUT LEAK OF IPHONE 18 PRO DOCUMENTS ON DARK WEB-SOURCE

SUPER MICRO $SMCI OFFICE REPORTEDLY RAIDED IN TAIWAN CHIP SMUGGLING PROBE A Super Micro office was reportedly raided as Taiwan expands an investigation into chip smuggling. Super Micro is a US-based maker of servers and data center hardware.

IRAN'S FOREIGN MINISTRY SPOKESPERSON: IRAN'S PRIORITY CURRENTLY IS FOLLOWING UP ON IMPLEMENTATION OF MOU

NVIDIA $NVDA SAYS ANTHROPIC'S CLAUDE MODELS NOW RUN ON GB300 BLACKWELL ULTRA IN AZURE Anthropic's Claude models are now available on Nvidia's GB300 Blackwell Ultra in Microsoft $MSFT Azure, per Nvidia.

$NVDA - NVIDIA - ANTHROPIC'S CLAUDE MODELS NOW AVAILABLE ON NVIDIA GB300 BLACKWELL ULTRA IN AZURE

IRAN WARNS FRANCE OVER HORMUZ Iran's deputy foreign minister said only Iran has the right to conduct demining operations in the Strait of Hormuz under the Islamabad memorandum. He warned France against any involvement, saying it would further complicate an already sensitive

AMAZON $AMZN COULD PAY MORE FOR ANTHROPIC TECH UNDER RENEGOTIATED DEAL Anthropic renegotiated its deal with Amazon to one based on tokens rather than compute hours, a change that could have Amazon paying more for Anthropic technology, per The Information.

$TSLA - TESLA SHARES GAIN 5.2%

TRUMP ON SUPREME COURT COOK CASE: WE WILL TAKE APPROPRIATE ACTION IMMEDIATELY TO MAKE SURE THAT SOMEONE WHO HAS COMMITTED WRONGDOING WILL NOT BE MAKING VITAL DECISIONS

TRUMP RENEWS PUSH FOR ELECTION BILL Trump called on the Senate to pass the SAVE AMERICA Act after criticizing a Supreme Court ruling on voting rights. He urged lawmakers to require photo ID, proof of citizenship, and limit mail-in voting to specific exceptions, while

$AAPL - SEN. COTTON WARNS APPLE AGAINST USING BLACKLISTED CHINESE CHIPS

CITADEL WARNS OF TOUGHER FED Citadel Securities says investors underestimate Fed Chair Kevin Warsh's commitment to lowering inflation, warning higher rates could weigh on risk assets. The firm also cautions that the AI rally faces growing risks from weaker demand, falling

TRUMP CLAIMS SUPREME COURT WIN Trump says the Supreme Court confirmed presidential power to remove executive branch officers and agency appointees under Article II. He called the Slaughter case a historic ruling on presidential authority.

U.S.-IRAN TALKS MOVE TO DOHA Special envoy Steve Witkoff and Jared Kushner will meet Qatari officials in Doha on Tuesday to discuss Iran negotiations, Axios reports. On Wednesday, U.S. and Iranian technical teams are set to hold separate talks with Qatari and Pakistani

DALLAS FED TEXAS MANUFACTURING INDEX OF GENERAL BUSINESS ACTIVITY 0.0 IN JUNE VS 0.4 IN MAY

SPOT GOLD EXTENDS LOSSES, LAST DOWN OVER 2% AT $4,000.49/OZ

U.S. SUPREME COURT DECLINES TO LET TRUMP REMOVE FEDERAL RESERVE GOVERNOR LISA COOK

QATAR ADVISES TEMPORARY SUSPENSION OF SAILING AND ALL FORMS OF MARITIME ACTIVITIES UNTIL FURTHER NOTICE - TRANSPORT MINISTRY

$AMZN - AMAZON SHARES RISE 4%

YEN REACHES 161.97 AGAINST US DOLLAR, WEAKEST SINCE 1986

$GME - SHARES OF GAMESTOP UP 1.5%; CO PLEDGES TO PURSUE ITS TAKEOVER OFFER FOR EBAY DESPITE REJECTION

$MSTR - STRATEGY SHARES GAIN 4.7% AFTER CO ANNOUNCES SHARE REPURCHASE PROGRAM

U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00%

$SPCX - SPACEX SHARES ADD 3% AFTER CO SET TO JOIN NASDAQ-100, EFFECTIVE JULY 7

STRONG JOBS DATA COULD BOOST RATE HIKE BETS BofA expects 110,000 jobs to be added in June, supported by resilient labor market data. The bank warns of downside risks but says a strong payrolls report would strengthen its forecast for three Federal Reserve rate hikes in 2026.

$MSTR - STRATEGY REBOUNDS AFTER CAPITAL SHAKE-UP Strategy shares rose 6.5% premarket after unveiling a new capital management framework. The plan includes $2 billion in buybacks, a Bitcoin monetization program, and a higher STRC dividend, helping ease concerns after the

FED SEEN HOLDING RATES Amundi expects the Federal Reserve to keep interest rates unchanged in the coming months. The firm sees a possible rate cut in 2027 if inflation continues to ease, but warns stronger growth or higher energy prices could increase the risk of future rate

🚨Political Trade Alert🚨 Rep. Cleo Fields has released a new financial disclosure. Highlights: $GOOG Google $1k-$15k $MSFT Microsoft $2k-$30k $QNT Quantinuum $1k-$15k

IRAN-U.S. TALKS SET TO CONTINUE U.S. and Iranian technical teams are set to meet in Doha in the coming days to advance implementation of their agreement, a diplomatic source said. Communication channels remain open to help prevent escalation, while President Trump said

HASSETT: ARGUMENTS FOR RATE HIKE RIGHT NOW ARE NOT SO STRONG

HASSETT: INDICATORS POINT TO ANOTHER STRONG JOBS REPORT

$MSTR - STRATEGY SHARES GAIN 6.5% PREMARKET AFTER CO ANNOUNCES SHARE REPURCHASE PROGRAM

*WHITE HOUSE LEAVITT SAYS IRAN SHOULD SIGN U.S. DEAL

LEAVITT ON IRAN: TRUMP RETAINS THE RIGHT TO USE MILITARY IF NEEDED

WHITE HOUSE ON IRAN: TRUMP WANTS PEACE PROCESS TO PLAY OUT

WHITE HOUSE ON IRAN: WITKOFF AND KUSHNER WILL ATTEND MEETING IN DOHA WHITE HOUSE ON IRAN: TECHNICAL TALKS WILL BE HELD ON SIDELINES OF HIGH-LEVEL TALKS -FOX NEWS INTERVIEW

$MSTR - STRATEGY LAUNCHES $1.25B BTC PLAN Strategy unveiled a new capital framework, including a $1 billion repurchase program for digital credit securities. The board also approved a Bitcoin monetization program to generate up to $1.25 billion for its USD reserve, which stood

A 4.6-MAGNITUDE AFTERSHOCK STRUCK NORTH OF CARACAS- USGS

HORMUZ TRAFFIC SLOWS AFTER ATTACKS Ship traffic through the Strait of Hormuz fell to 22 crossings Sunday, the lowest since the U.S.-Iran preliminary peace deal. Two recent vessel attacks rattled crews and shipowners. Talks may resume soon, with navigation rights through the

TRUMP ON IRAN: IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA

TRUMP: OIL PRICES KEEP FALLING Trump says WTI crude has dropped to $69 and is still falling. He claims oil prices are now lower than they were before the start of what he called the "denuclearization of Iran."

TRUMP: GAS PRICES FALLING FAST Trump says gas prices are dropping quickly and urges Americans to report any retail-level price gouging or abuses. “Gas prices coming down, fast! Report any abuses at retail level!”

RUSSIA WILL TAKE POLITICAL AND MILITARY-TECHNICAL MEASURES IN RESPONSE TO LIFTING OF BAN ON DEPLOYMENT OF NUCLEAR WEAPONS IN FINLAND - RIA

$SPCX - SPACEX SET FOR NASDAQ-100 BOOST SpaceX joins the Nasdaq-100 on July 7, triggering an estimated $4 billion in passive fund buying. The stock also entered the Russell 1000, while the S&P 500 kept its 12-month waiting rule. Separately, SpaceX is reportedly in talks with

TECH FUNDS HIT BY RECORD EXODUS Technology funds saw record outflows of $9.3 billion last week, according to Deutsche Bank. Investors cut equity exposure as positioning slipped slightly below neutral. U.S.-focused funds lost $8.5 billion, while global funds attracted $14.4

TRUMP: RECORD-HIGH APPROVAL Trump claims his poll numbers are at their highest ever—even above Election Day on November 5. He adds that support remains strong despite insisting: “Iran will not have a nuclear weapon.”

U.S. AND IRAN AGREE TO HALT STRIKES AND MEET THIS WEEK, AXIOS REPORTS CITING U.S. OFFICIALS

IRANIAN OFFICIAL TELLS STATE TV: IRAN DID NOT TAKE PART IN TECHNICAL TALKS SLATED FOR SUNDAY DUE TO RECENT ATTACKS AND UNFULFILLED CONDITIONS

TRUMP: DETERMINED WE WILL BUILD ONE OF GREATEST GOLF COURSES IN WORLD IN WASHINGTON AND WILL BE OPEN TO PUBLIC

HEAD OF THE IRANIAN PARLIAMENT'S NATIONAL SECURITY COMMITTEE SAYS THE 'RECKLESS VIOLATION OF THE CEASEFIRE' WILL LEAD TO 'RETREAT AND REGRET' FROM U.S. SIDE

HEAD OF THE IRANIAN PARLIAMENT'S NATIONAL SECURITY COMMITTEE SAYS TRUMP HAS SHOWN NO COMMITMENT TO PRINCIPLES OF NEGOTIATION OR CEASEFIRE

*ANTHROPIC MOVES TOWARD DEAL WITH US TO LIFT CURBS ON AI MODELS

U.S. STRIKES IN IRAN NOW DONE - REPORTS CITING U.S. OFFICIAL

GAMESTOP $GME EXPECTS FY2026 ADJ EBITDA ABOVE $600M GameStop expects fiscal 2026 adjusted EBITDA in excess of $600M, per an SEC filing. The company said it remains focused on advancing its proposed acquisition of eBay $EBAY.

IRAN'S REVOLUTIONARY GUARDS SAY U.S. FORCES ATTACKED SIRIK ISLAND, IRAN REPELLED ATTACK

🚨 Insider Trade Alert 🚨! Director, 10% Owner Mindlin Marcos Marcelo has purchased 1,122,778 shares of (Pampa Energy Inc.) at $3.36 worth $3,770,756.19 $PAM current value: $81.29

🚨 Insider Trade Alert 🚨! Director Ricks David A has purchased 10,000 shares of (ADOBE INC.) at $194.51 worth $1,945,130.00 $ADBE current value: $203.00

🚨Insider Trade Alert🚨! Insider ONeil Mark F has purchased 9,600 shares in $KMX CARMAX INC worth $502,656.00 $KMX current value: $52.73 Market: NYSE

🚨Insider Trade Alert🚨! Insider Danmola Taiwo K. has purchased 60,604 shares in $DPC DPC Holdings Ltd worth $1,999,932.00 $DPC current value: $47.99 Market: NYSE

*TRUMP, ASKED ABOUT IRAN CEASEFIRE VIOLATION: I DON'T LIKE IT

TRUMP: YOU WILL FIND OUT WHEN ASKED ABOUT IRAN'S ACTIONS IN STRAIT OF HORMUZ

$GOOGL on watch

TRUMP: WILL FIX REFLECTING POOL RIGHT AFTER 4TH OF JULY

TRUMP: IRAN STILL HAS SOME CAPABILITY, NOT MUCH

TRUMP: “I’D BE THE GREATEST COMMUNIST IN HISTORY” Donald Trump joked he “would be the greatest communist in history,” arguing that communism is easy to sell by promising free food, rent and housing, but said it ultimately leaves countries in ruin. He also claimed communists

QUALCOMM $QCOM TO BRING DATA-CENTER CHIP ARCHITECTURE TO PHONES, PCS AND CARS Qualcomm plans to bring parts of its new data-center chip architecture to smartphones, PCs and cars, per Semafor. Its High Bandwidth Compute architecture stacks memory and compute vertically to improve

BITCOIN ETFS SEE $1.3B EXODUS Bitcoin ETFs recorded $1.34 billion in net outflows this week as investors pulled money amid a sharp selloff. Bitcoin has fallen 6.6% since Monday and is trading near $59,500 after briefly reclaiming the $60,000 level. Ethereum was little changed,

*FED'S KASHKARI: I HAVE ONE RATE HIKE PENCILED IN FOR 2026

- OPENAI SET TO LIMIT GPT 5.6 ROLLOUT AFTER CALL FROM TRUMP ADMINISTRATION: CNBC

UBS BETS ON A STRONGER DOLLAR UBS expects the U.S. dollar to strengthen through the second half of 2026, driven by higher interest rates and a resilient economy. The bank sees the euro, yen and Australian dollar weakening further, while sterling should remain relatively

HORMUZ FEES COULD SHAKE GLOBAL SHIPPING Oman has told European allies that ships passing through the Strait of Hormuz may face new fees for navigation or environmental services. The proposal has raised concerns among Western and Gulf nations, which fear joint management with

OMAN TELLS ALLIES SHIPS GOING THROUGH HORMUZ MAY HAVE TO PAY

IRAQ'S OIL MINISTRY SAYS OPEC HAS BEGUN GRADUALLY RESTORING IRAQ’S PRE-WAR PRODUCTION ALLOCATIONS WHICH WILL STRENGTHEN PRODUCTION CAPACITY AND SUPPORT OIL SECTOR RECOVERY

ΟΡΕΝΑΙ ΝΟΤ ON IPO TIMELINE YET, HASN'T BEGUN 'TESTING-WATERS' MEETINGS WITH INVESTORS- CNBC

*UMICH FINAL JUNE CONSUMER SENTIMENT RISES TO 49.5; EST. 50 *MICHIGAN 5-10 YR INFL EXPECTATIONS AT 3.3% VS PRELIM. 3.4%

CBOE VOLATILITY INDEX BRIEFLY HIT OVER TWO-WEEK HIGH; LAST UP 1.42 POINTS AT 20.31

USER REPORTS SHOW PROBLEMS WITH X (TWITTER): DOWNDETECTOR

MAGNITUDE 5.8 EARTHQUAKE STRIKES EASTERN HONSHU, JAPAN REGION - EMSC

22 IRANIAN CREW OF TANKER SEIZED BY U.S. HANDED OVER TO IRAN'S CONSULATE IN PAKISTAN'S KARACHI - IRANIAN STATE MEDIA

U.S. STOCKS EXTEND FALL, NASDAQ DOWN 1.09%

EU PLANS 15% TAX ON ALUMINIUM SCRAP EXPORTS - FT

UAE ISSUES PHONE ALERTS OF POTENTIAL MISSILE THREATS

SPOT GOLD RISES 1% TO $4,064.56/OZ

IRAN'S PRESS TV SAYS A COMMUNICATION LINE BETWEEN THE U.S. AND IRAN IN THE STRAIT OF HORMUZ HAS BEEN ESTABLISHED

ISRAELI DEFENSE MINISTER SAYS IF IRAN ATTACKS ISRAEL, IT WILL 'COMMIT ITS BIGGEST MISTAKE'

U.S. TRADE DEFICIT WIDENS SHARPLY The U.S. goods trade deficit widened to $105.8B in May, far worse than the $85B expected. Imports jumped 3.6% while exports fell 5.4%. Wholesale inventories rose 0.3%, below forecasts, while retail inventories increased 0.6%, slightly above

TRUMP'S FRIDAY SCHEDULE • 8:00 AM – Executive Time (Closed to press) • 10:30 AM – Policy meeting (Closed to press) • 11:00 AM – Intelligence briefing (Closed to press) • 1:30 PM – Remarks at the Faith & Freedom Coalition Policy Conference (Open to pre-credentialed media)

$SPCX - SPACEX BOND SELLOFF DEEPENS SpaceX's $25 billion bond sale is suffering unusually steep losses, with paper losses exceeding $300 million. Traders say fast-money investors may be exiting, while concerns over the company's valuation, long-term cash flow and heavy

SUMMER VOLATILITY SET TO STICK Barclays warns markets could stay volatile as expectations for a September Fed hike increase. Higher real yields and a stronger dollar are driving investors out of tech, AI and other momentum stocks into defensive names. Falling oil prices may

BEIJING STEPS UP POLICE PRESENCE AROUND CITIC TOWER - REUTERS WITNESS

FED HIKE RISK BACK ON THE TABLE Morgan Stanley still expects the Fed to hold rates this year—but flags risks. If unemployment drops below 4% or inflation stays elevated, rate hikes could return. Cooling oil prices and easing tariff effects support the no-hike view. Inflation is

$SPCX : ARGUS RESEARCH INITIATES COVERAGE WITH HOLD RATING

ISRAEL'S NATIONAL SECURITY MINISTER SAID THE CEASEFIRE IN LEBANON CANNOT HOLD

ISRAEL DROPS FLYERS ON SOUTHERN LEBANESE TOWN ORDERING PEOPLE TO LEAVE IN FIRST SUCH ORDER SINCE CEASEFIRE -LEBANESE STATE MEDIA

JPMORGAN $JPM BOARD KEEN FOR JAMIE DIMON TO STAY ON AS CEO JPMorgan's board wants Jamie Dimon to continue as CEO for a few more years, and he is likely to stay in the role for another three years, per a source. Dimon would transition into an executive chairman role when the time

ONSEMI $ON TO ACQUIRE SYNAPTICS $SYNA IN ALL-STOCK DEAL AT $7B Chipmaker onsemi has agreed to buy Synaptics in an all-stock deal with a $7B enterprise value, per the company. - Synaptics shareholders receive 1.35 onsemi shares per Synaptics share - Synaptics stockholders to own

APPLE $AAPL TO SKIP HIGH-END M6 MAC CHIPS FOR AI-FOCUSED M7 LINE Apple plans to skip the high-end versions of its M6 Mac chips in favor of an AI-focused M7 line, per Bloomberg. The company, currently on its M5 series, plans to debut a base M6 processor as early as this year for

APPLE TO SKIP HIGH END M6 MAC CHIPS IN FAVOR OF AI-FOCUSED M7 LINE

We reported Rep. Cisneros’ purchases on June 9. In 2 weeks: $AMD 17% $DASH 15% … Meanwhile S&P500: 0% Keep an eye out for our 🚨Political Trade Alerts🚨

BUMBLE DATING APP EXPLORING A SALE: SOURCES

BUMBLE $BMBL EXPLORING A SALE AMID SLOWING DATING-APP GROWTH The company has hired Morgan Stanley to explore a potential sale, per Reuters. Sources cautioned no deal is certain and Bumble may decide to stay independent. Blackstone owns about 22% of the company. Bumble shares

$TMUS $SPCX - SPACEX-T-MOBILE TAKEOVER RUMORS EMERGE A TD Cowen analyst says SpaceX could acquire T-Mobile to accelerate its wireless ambitions if it can't secure a network-sharing deal. The report cites T-Mobile's existing Starlink partnership as a strategic fit. The idea is

IMF: U.S. GROWTH REMAINS STRONG The IMF says the U.S. economy continues to show solid growth, citing the upward revision of first-quarter GDP to 2.1%. The fund expects inflation to gradually ease to the Federal Reserve's 2% target by 2027 and supports the Fed's decision to keep

IRAN EYES $40B HORMUZ FEE PLAN Iran is proposing fees for ships using the Strait of Hormuz, saying security and environmental services could generate up to $40 billion annually. Tehran is seeking regional backing, but U.S. Secretary of State Marco Rubio said Gulf nations

ISRAEL DEFENCE MINISTER KATZ: WE OPPOSE WITHDRAWAL FROM THE 'SECURITY ZONE' IN LEBANON DESPITE PRESSURE TO DO SO; WE WILL NOT WITHDRAW

ISRAEL DEFENCE MINISTER KATZ: THE MILITARY WILL REMAIN IN THE 'SECURITY ZONES' IN LEBANON, SYRIA AND GAZA AS LONG AS NECESSARY

SPOT GOLD RISES AROUND 1% TO $4,039.89/OZ

$AAPL - APPLE IPHONE SALES DROP IN CHINA UBS estimates Apple's iPhone sell-in shipments to China fell 19% year over year in May, citing data from the China Academy of Information and Communications Technology. The decline highlights continued weakness in Apple's key overseas

BITCOIN SLIDES AS ETF OUTFLOWS SPIKE Bitcoin fell below $60,000 after nearly $500 million flowed out of spot Bitcoin ETFs on Wednesday. Crypto markets also saw $660 million in liquidations, with long positions taking the biggest hit. Ethereum and XRP also declined as selling

MARKETS STILL EXPECT FED HIKE Inflation expectations have eased to near the Fed's 2% target, helped by falling oil prices. Even so, markets continue to price in at least one Fed rate hike this year, with rates expected to stay elevated into 2027. Citi argues those expectations

BESSENT: THE UNDERLYING ECONOMY IS VERY STRONG

HORMUZ SHIPPING TRAFFIC SURGES Ship traffic through the Strait of Hormuz jumped to its highest level since the war began, with 70–78 vessels crossing on Wednesday after the IMO launched a safe-passage operation. While still below the prewar average of 130 daily transits,

BOFA TURNS MORE BULLISH ON THE DOLLAR Bank of America cut its euro forecasts and now expects a stronger U.S. dollar in the second half of 2026, citing resilient U.S. economic data and a hawkish Federal Reserve. The bank sees EUR/USD ending Q3 at 1.12 and 2026 at 1.15, while

IRAN PUSHES HORMUZ FEE PLAN Iran is proposing fees for ships using the Strait of Hormuz, saying security and environmental services could generate up to $40 billion a year. Tehran is seeking regional support, but the U.S., Oman and Gulf states oppose any tolls on the

IRAN PROPOSES CHARGING SERVICE FEES IN STRAIT OF HORMUZ WITH GULF NEIGHBORS -- WSJ IRAN ESTIMATES CHARGES WILL NET $40 BILLION A YEAR FOR STATES INVOLVED -- WSJ IRAN LOOKS TO MODELS IN WATERWAYS AROUND WORLD, INCLUDING DARDANELLES -- WSJ IRAN WANTS REVENUE FROM STRAIT SHARED

$MSTR - STRATEGY SHOULD HALT BITCOIN BUYS AND BOLSTER CASH RESERVES, CRYPTOQUANT SAYS

EUROPE'S STOXX 600 HITS INTRADAY RECORD

DOW HITS INTRADAY HIGH, LAST UP 1.1%

BITCOIN FALLS TO 21-MONTH LOW OF $58,344 - LSEG

$AAPL - APPLE SHARES EXTEND DECLINES, LAST DOWN 5.1%

*DEEPSEEK PLANS TO DOUBLE STAFF ACROSS ALL DEPARTMENTS

U.S. STOCKS EXTEND FALL, NASDAQ DOWN 1.00%

NASDAQ TURNS NEGATIVE, LAST DOWN 0.73%

ANALYSTS CUT OIL PRICE FORECASTS Major banks are lowering oil price forecasts as tensions ease and shipping through the Strait of Hormuz normalizes. JPMorgan now expects Brent crude to average $80 a barrel in Q4 and $64 next year, citing weaker demand. Capital Economics and Wood

UK TEMPERATURE SETS FRESH RECORD FOR JUNE OF 36.4 DEGREES CELSIUS

$MU - *MICRON SHARES JUMP 18% AT OPEN AFTER BLOCKBUSTER FORECAST

$AAPL - APPLE SHARES DOWN 2.2% AFTER PRICE HIKES FOR IPADS AND MACS

U.S. JUDGE BLOCKS TRUMP'S EXECUTIVE ORDER RESTRICTING MAIL-IN VOTING

GOLD REBOUNDS AS RATE HIKE BETS EASE Gold climbed back above $4,000 an ounce as a weaker U.S. dollar and lower Treasury yields supported prices after U.S. inflation data met expectations. Falling oil prices also eased inflation concerns, prompting traders to scale back bets on

U.S. 10-YEAR YIELD HITS 7-WEEK LOW The U.S. 10-year Treasury yield fell below 4.40%, its lowest in seven weeks, after softer-than-expected inflation data eased expectations for multiple Fed rate hikes. Lower oil prices also helped reduce inflation concerns. However, strong

$TSLA - TESLA TO HIRE 1,000 MORE WORKERS AT PLANT OUTSIDE BERLIN: DPA

🚨Political Trade Alert🚨 Rep. Dwight Evans has released a new financial disclosure. Highlights: Sold: $INTC Intel $1k-$15k Sold: $GD General Dynamics Corp. $1k-$15k

U.S. INFLATION HITS 3-YEAR HIGH U.S. inflation climbed to 4.1% in May, its highest level in more than three years, while consumer spending rose 0.3%, showing resilient demand. First-quarter GDP was also revised higher to 2.1%. The stronger data is likely to reinforce

$TSLA - TESLA ON BERLIN GIGAFACTORY: THE 20% INCREASE IN PRODUCTION ANNOUNCED IN APRIL IS NOW BEING ADJUSTED ONCE AGAIN

JPM: RETAIL DELEVERAGING COULD HIT TECH STOCKS JPMorgan warns that retail investors are reducing leverage in options and margin accounts after reaching extreme levels. Similar peaks in 2018 and 2021 were followed by multi-month tech stock corrections. While corporate and

$AAPL - APPLE SHARES DOWN 0.7% PREMARKET AFTER PRICE HIKES FOR IPADS AND MACS

$AAPL - APPLE RAISES PRICES OF IPADS, MACS IN RESPONSE TO INCREASES IN MEMORY CHIP COSTS APPLE MACBOOK NEO STARTING PRICE WILL INCREASE FROM $599 TO $699 APPLE MACBOOK AIR WITH 512 GB OF MEMORY WILL INCREASE FROM $1,099 TO $1,299 APPLE MACBOOK PRO WITH 1 TB OF MEMORY WILL

U.S. Q1 GDP REVISED HIGHER The U.S. economy grew at an annualized 2.1% in the first quarter of 2026, up from the previous estimate of 1.6%. The upward revision was mainly driven by lower imports, partly offset by weaker consumer spending.

US 1Q FINAL GDP +2.1% VS PRELIM GDP +1.6%

*US MAY PCE PRICE INDEX RISES 0.4% M/M; EST. +0.5% *US MAY PCE PRICE INDEX RISES 4.1% Y/Y; EST. +4.1% *US MAY CORE PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3% *US MAY CORE PCE PRICE INDEX RISES 3.4% Y/Y; EST. +3.4%

*US MAY PERSONAL SPENDING FALLS 0.7% M/M; EST. +0.6%

US JOBLESS CLAIMS -12K TO 215K IN JUN-20 WK; SURVEY 223K US JUN-13 WEEK CONTINUING CLAIMS +21K TO 1,821,000 US JUN-13 WEEK JOBLESS CLAIMS REVISED TO 227K

IRAN'S PARLIAMENT SPEAKER QALIBAF: AMERICA FALSELY CLAIMS OUR UNFROZEN ASSETS WILL BUY THEIR AGRICULTURE

DOLLAR RISES TO NEAR 2-YEAR HIGH OF 161.93 YEN - LSEG

SOCIETE GENERALE RAISES 2026 YEAR-END TARGET FOR S&P 500 INDEX TO 8,000 FROM 7,300

BOFA: DEFENSIVES COULD SHINE IF AI HYPE FADES Bank of America strategist Sebastian Raedler warns investors to consider defensive sectors like consumer staples and pharma if AI spending proves unsustainable. He argues AI profitability may fall as cheaper models emerge and

$SPCX - SPACEX BOND SALE SIGNALS MARKETS ARE IN ‘BUBBLE TERRITORY’, WARNS ALLIANZ CIO

RUBIO: IRANIAN SYSTEM CONTINUES TO BE LED BY RADICAL CLERICS

RUBIO: TRUMP HAS MULTIPLE OPTIONS IF DOESN'T WORK OUT WITH IRAN

RUBIO: OMANIS SAID THEY ARE NOT INF FAVOR OF A TOLLING SYSTEM FOR STRAIT OF HORMUZ

TRUMP'S THURSDAY CALENDAR 🔸8:00 AM – Executive Time 🔸2:00 PM – Meets with the Speaker of the House 🔸3:30 PM – Policy Meeting 🔸6:00 PM – Tele-Rally 🔸7:00 PM – Rose Garden Dinner with American Farmers

BITCOIN CLIMBS AS TECH BOOSTS RISK APPETITE Bitcoin rose as upbeat earnings from Micron and a strong outlook from Qualcomm lifted tech sentiment, easing concerns over the AI trade. Investors now turn to U.S. PCE inflation data, which could shape Federal Reserve rate

IRAN AND OMAN'S FOREIGN MINISTERS STRESS IN PHONE CALL THE IMPORTANCE OF COORDINATION IN RELATION TO MARITIME TRAFFIC IN STRAIT OF HORMUZ - ARAQCHI'S TELEGRAM ACCOUNT

RUBIO: THERE IS ZERO SUPPORT FROM GULF COUNTRIES FOR TOLLS OR FEES ON STRAIT OF HORMUZ

RUBIO: HAD A REALLY, REALLY GOOD MEETING WITH GULF COUNTRIES

IRAN'S QUDS FORCE CHIEF: IF ISRAEL DOES NOT WITHDRAW FROM SOUTH LEBANON VOLUNTARILY TODAY, IT WILL BE FORCED TO FLEE DEFEATED TOMORROW

🚨Political Trade Alert🚨 Rep. Dwight Evans has released a new financial disclosure. Highlights: Sold: $INTC Intel $1k-$15k Sold: $GD General Dynamics Corp. $1k-$15k

QUALCOMM $QCOM DOUBLES FISCAL 2029 NON-HANDSET TARGET TO $40B Qualcomm unveiled a data center AI infrastructure strategy and said it sees multiple inflection points over the next 3 to 5 years as it diversifies beyond handsets. Fiscal 2029 targets: - Non-handset revenue: $40B,

QUALCOMM $QCOM RAISES FISCAL 2029 NON-HANDSET REVENUE TARGET TO $40B Qualcomm raised its fiscal 2029 non-handset revenue target to $40B. On the data center business specifically, the CFO laid out: - Fiscal 2027 AI data center revenue: $5B target - Fiscal 2029 data center

GOLDMAN SACHS $GS TO RAISE QUARTERLY DIVIDEND TO $5.00 FROM $4.50

JEFFERIES $JEF Q2 REVENUE $2.21B MISSES, EPS $1.02 MISSES - Revenue: $2.21B vs $2.3B est, miss - EPS per voting common share: $1.02 vs $1.16 est, miss - Investment banking net revenue: $1.21B - Quarterly cash dividend: $0.40 - Increased share buyback authorization to a total of

QUALCOMM $QCOM TO EXPAND STRATEGIC RELATIONSHIP WITH HUGGING FACE Qualcomm's CEO said the company will expand its strategic relationship with Hugging Face. AI models from Hugging Face's ecosystem are planned to be onboarded on Qualcomm platforms, per Hugging Face CEO Clément

MICRON $MU SAYS HBM4 RAMP TRACKING TWICE AS FAST AS HBM3E In prepared remarks, Micron said its HBM4 12-high volume ramp is tracking twice as fast as HBM3E 12-high, and that it has already shipped over $1B in HBM4 revenue. Micron also said development of next-generation DRAM and

JPMORGAN $JPM RAISES DIVIDEND, AUTHORIZES $50B BUYBACK JPMorgan plans to increase its quarterly common stock dividend to $1.65 per share for Q3 2026, per an SEC filing. The bank also authorized a new $50B common share repurchase program, effective July 1, 2026.

MICRON $MU TO RETURN 100% OF EXCESS CASH, SEES $22B IN CUSTOMER COMMITMENTS In prepared remarks, Micron said it intends to increase its capital return and expects to return 100% of its excess cash to shareholders over time. It projects $22B in cash deposits and related financial

DOCUSIGN $DOCU LAUNCHES IAM PLATFORM FOR PERPLEXITY COMPUTER TO AUTOMATE CONTRACT WORKFLOWS WITH AI

KALSHI IN TALKS TO RAISE FUNDS AT $40BN VALUATION: FT

QUALCOMM $QCOM LANDS MICROSOFT AND META AS DATA CENTER CUSTOMERS Qualcomm has won two major hyperscaler deals that will contribute meaningful revenue, per its data center chief. - Microsoft $MSFT will deploy Qualcomm's high bandwidth compute (HBC) chip at Azure data centers -

MICROSOFT $MSFT TO DEPLOY QUALCOMM $QCOM CHIP AT AZURE DATA CENTERS Microsoft will deploy Qualcomm's high bandwidth compute chip at Azure data centers, per Qualcomm's data center chief.

GOOGLE $GOOGL DELAYS GEMINI 3.5 PRO LAUNCH TO JULY Google has pushed the release of its next frontier model, Gemini 3.5 Pro, from June to July as it gathers feedback from early testers and tweaks the model, per Business Insider. CEO Sundar Pichai had said at the company's I/O

QUALCOMM $QCOM TO LAUNCH DATA CENTER CPU IN MID-2028 Qualcomm plans to launch a data center CPU in mid-2028, per its data center chief. The company expects to deliver meaningful revenue from custom silicon starting in Q1 2027.

TRUMP: IRAN IS AGREEING TO EVERYTHING I WANT AND THEY HAVE TO

GOOGLE $GOOGL POISED TO LOSE TWO MORE AI STAFFERS TO ANTHROPIC

JPMORGAN TURNS MORE BULLISH ON STOCKS JPMorgan raised its S&P 500 year-end target to 7,800, citing an “unprecedented” surge in earnings upgrades driven by AI investment and easing geopolitical tensions. The bank says 2026 and 2027 earnings forecasts have risen about 10% this

WRIGHT SAYS EVEN WITHOUT DEAL WITH IRAN, U.S. WILL ENSURE FLOWS OF OIL THROUGH HORMUZ

WRIGHT SAYS IRAN WILL NOT HAVE ABILITY TO BLOCK STRAIT OF HORMUZ GOING FORWARD

WRIGHT SAYS RETURN TO NORMAL OIL FLOWS DELAYED DUE TO IRANIAN MINES IN STRAIT OF HORMUZ

US ENERGY SECRETARY WRIGHT SAYS ROUGHLY 72 SHIPS HAVE EXITED STRAIT OF HORMUZ IN LAST 24 HOURS, AMOUNTING TO 20 MLN BARRELS OF OIL

TANKER TRACKER DATA SHOWS IRAN EXPORTED 40M BARRELS SINCE JUNE 15

$MSTR - STRATEGY FACES GROWING BITCOIN PRESSURE Falling Bitcoin prices are increasing pressure on Strategy’s finances, with its cash reserves shrinking while dividend obligations continue to rise. Analysts warn the company may face tougher funding conditions if Bitcoin weakens

US MOVES AHEAD WITH TURKEY JET ENGINE SALE The Trump administration plans to proceed with a more than $700 million sale of GE jet engines for Turkey’s Kaan fighter jet despite congressional objections. The deal is expected to be finalized in the coming days ahead of next

GERMANY AXES €15B WARSHIP PROJECT Germany has canceled its €15.2 billion F126 frigate program and will instead buy up to eight lower-cost MEKO A-200 warships from TKMS. The move reflects Berlin’s push to accelerate military rearmament with proven, off-the-shelf equipment.

GERMANY SCRAPS PLAN FOR BIGGEST MILITARY SHIP SINCE WORLD WAR II

U.S. STOCKS EXTEND GAINS, DOW JONES UP 1.00 PCT

PARIS RECORDS HIGHEST EVER JUNE TEMPERATURE WITH 40.9C RECORDED AT PARIS-LONGCHAMP -METEO FRANCE

UK TEMPERATURE BREAKS RECORD FOR JUNE, HITS 35.7 CELSIUS IN SOUTHERN ENGLAND - BBC

WTI CRUDE FUTURES FALL BELOW $70 A BARREL AS SUPPLY CONCERNS EASE WITH MORE OIL TANKERS EXITING STRAIT OF HORMUZ

U.S. HOUSE SPEAKER JOHNSON ON VOTER ID BILL: HOUSE REPUBLICANS WILL PUT TOGETHER A RECONCILIATION BILL THAT WILL HAVE THAT

TRUMP CANCELS HOUSING EVENT President Trump announced the cancellation of today’s housing news conference and bill-signing ceremony. He said the event will remain on hold until Congress passes the SAVE AMERICA ACT, which he described as a national emergency priority.

TRUMP TOUTS RECORD POLL NUMBERS President Trump said his poll numbers have reached their highest level ever. In a social media post, Trump thanked supporters and highlighted what he described as record approval ratings.

TRUMP CANCELS SIGNING OF HOUSING BILL

TRUMP: TODAY'S HOUSING NEWS CONFERENCE AND SIGNING IS HEREBY CANCELLED UNTIL SUCH TIME AS WE PASS DESPERATELY NEEDED SAVE AMERICA ACT

US 30-YEAR TREASURY YIELDS DROP TO 4.8572%, LOWEST SINCE APRIL 15

L3HARRIS $LHX TO PROVIDE COMMUNICATION SYSTEMS TO GERMAN FORCES The company expects to deliver new orders to German forces this year, per L3Harris.

US MAY NEW HOME SALES -7.3% TO 580K; CONSENSUS 632.0K US APR NEW HOME SALES REVISED TO 626K FROM 622.0K US MAY NEW HOME SALES SUPPLY AT 10.3 MONTHS

*US MAY NEW HOME SALES 580,000 ANN. RATE; EST. 640K

$SPCX - SHORT SELLERS TARGET SPACEX Bearish bets against SpaceX are rising after the stock fell about 30% from its post-IPO high. Short interest jumped to 13% from 8% in one session, according to Ortex, signaling growing expectations of further declines. However, analysts warn

US ENERGY FIRMS FALL AS OIL PRICES HIT LOWEST SINCE START OF IRAN WAR, DOWN NEARLY 4% CHEVRON DOWN 2.3%, EXXON MOBIL DOWN 2.5%, CONOCOPHILLIPS DOWN 2.7% VALERO ENERGY DOWN 2.3%, DEVON ENERGY DOWN 2.7% OCCIDENTAL PETROLEUM DOWN 3%, APA CORP DOWN 3.5%

JPMORGAN LIFTS S&P 500 TARGET JPMorgan raised its year-end S&P 500 target to 7,800, citing an “unprecedented” earnings upgrade cycle fueled by the AI investment boom and easing geopolitical risks. The bank lifted its 2026 EPS forecast to $350 and expects strong profit growth

TWO DEAD IN ISRAELI DRONE STRIKE ON VEHICLE IN SOUTHERN LEBANON, MEDICAL AND SECURITY SOURCES SAY

WHO'S TEDROS: EBOLA OUTBREAK IS CONTINUING TO OUTPACE THE RESPONSE

BRENT, WTI CRUDE FUTURES EXTEND FALL, DOWN OVER $3

OIL FALLS AS HORMUZ TRAFFIC RECOVERS Oil prices dropped to their lowest levels since the start of the conflict as more ships resumed transits through the Strait of Hormuz under the U.S.-Iran agreement. Trump said Iran is not charging tolls or other fees on vessels using the

NEW YORK COCOA FUTURES CLIMB MORE THAN 7% TO $4,983 PER METRIC TON

$SPCX - SPACEX’S XAI IS DOUBLING DOWN ON VIDEO- AND IMAGE-GENERATING TOOLS-THE INFORMATION

SPOT GOLD EXTENDS FALL, LAST DOWN OVER 3% AT $3,978.79/OZ

OPENAI AND BROADCOM $AVGO UNVEIL AI CHIP CALLED JALAPEÑO The companies unveiled Jalapeño, described as OpenAI's first intelligence processor, per Broadcom. It is designed to work with all LLMs for current and future AI models.

$AVGO - OPENAI AND BROADCOM UNVEIL LLM-OPTIMIZED INTELLIGENCE PROCESSOR

SPOT GOLD FALLS BELOW $4,000/OZ FOR THE FIRST TIME SINCE NOVEMBER 2025

BITCOIN DROP COULD PRESSURE STRATEGY Strategy’s $53 billion Bitcoin holdings currently cover its financing costs, but a deeper Bitcoin decline could make funding more difficult. Analysts estimate that if Bitcoin falls to $30,000, Strategy may need substantial share issuance to

JPMORGAN LOWERS OIL PRICE OUTLOOK JPMorgan cut its Brent crude forecast for the second half of 2026, citing weaker inventory draws and softer-than-expected demand. The bank now sees Brent averaging $86 per barrel in Q3, $80 in Q4, and ending 2026 at $78. JPMorgan also warned

U.S. CENTRAL COMMAND SAYS U.S. FORCES CONDUCTED AN AIRSTRIKE IN SYRIA ON JUNE 19, KILLED SENIOR ISIS LEADER

PAYCHEX $PAYX Q4 ADJ EPS $1.32 BEATS, REVENUE $1.61B BEATS - Adj EPS: $1.32 vs $1.30 est, beat - Revenue: $1,605.5M vs $1,601M est, beat - Adj operating income: $675.8M vs $657.1M est, beat - Adj net income: $474.6M vs $468.1M est, beat - Adj operating margin: 42.1% FY revenue

U.S. Q1 CURRENT ACCOUNT BALANCE -226.8 BLN DLRS (CONS -215.0 BLN) VS Q4 BALANCE -221.1 BLN (PREV -190.7 BLN)

SPOT SILVER FALLS 5% TO $58.96/OZ

SPOT GOLD EXTENDS FALL, LAST DOWN OVER 2% AT $4017.06/OZ

TRUMP TELLS FOX NO RUSH GETTING INSPECTORS INTO IRANIAN SITES

TRUMP TO FOX: INSPECTORS TO BE ALLOWED WHERE IRAN'S URANIUM IS

CHINESE SUPERCOMPUTER OVERTAKES U.S. AS WORLD'S FASTEST

2008 CRISIS WINNER TARGETS PRIVATE CREDIT RISKS Investor Lee Robinson, who turned a subprime bet into a 900% gain during the 2008 crisis, is now betting against insurers he sees as exposed to private credit risks. He warns markets are underestimating potential losses from the

RUBIO DISCUSSED IRAN DEAL, SAFE TRANSIT THROUGH STRAIT OF HORMUZ, IMPORTANCE OF PEACE AND STABILITY IN REGION WITH UAE LEADERSHIP -STATE DEPARTMENT

BESSENT ON U.S. ECONOMY, GDP: CAN GET TO SOMETHING WITH 3 IN FRONT OF IT THIS YEAR -CNBC

BESSENT ON FED, RATE CUTS: TRUMP HAS CONFIDENCE IN WARSH

BESSENT: WARSH `CAME OUT TOUGH' TALKING ABOUT INFLATION

BESSENT ON FED: APPLAUD WARSH FOR ELIMINATING FORWARD GUIDANCE

BESSENT ON IRAN: ANY MONEY IRANIANS RECEIVE IS FOR IRANIANS -CNBC

BESSENT ON U.S. DOLLAR: DOLLAR DOMINANCE IS ESSENTIAL -CNBC

TRUMP: ADDITIONALLY, NO MONEY HAS BEEN GIVEN TO IRAN, OR RELEASED FROM THEIR MONEY TO THEM, BY U.S.

TRUMP: NO HORMUZ FEES, FOOD DEAL MOVES AHEAD President Trump said Iran has assured the U.S. it is not charging tolls, insurance fees, or other costs on ships transiting the Strait of Hormuz. Trump warned negotiations would end immediately if that proves false. He also said

$SPCX - ROBOTICS, SPACE STOCKS FACE BUBBLE RISK KB Securities warns robotics and space stocks could be among the most vulnerable sectors in a market downturn, drawing comparisons to the dot-com bubble. The bank says companies reliant on future growth expectations rather than

TRADEWEB EXPANDS KALSHI PREDICTION MARKET DATA, INDEX INTO INSTITUTIONAL TRADING WORKFLOWS

🇯🇵 YEN HITS 40-YEAR LOW The Japanese yen fell to around 161.6 per dollar, its weakest level since 1986. The currency remains under pressure from expectations of higher U.S. interest rates and rising oil prices. Japanese officials say they are prepared to intervene in currency

BINANCE SAYS IT WILL STAY IN EU AND MAKE NEW ATTEMPT TO GET CRYPTO LICENCE DESPITE FAILED BID

HORMUZ SHIPPING RESUMES UNDER UN ESCORT Commercial traffic is beginning to return to the Strait of Hormuz under a UN-led evacuation scheme. At least three ships transited the waterway in the past 12 hours, including dry bulk and cargo vessels. Ship-tracking data shows more

JPMORGAN INCREASES S&P 500 YEAR-END PRICE TARGET TO 7,800 POINTS; SAYS OUTLOOK APPROACHING “BLUE SKY” SCENARIO

US MORTGAGE RATES DIP SLIGHTLY The average 30-year US mortgage rate fell 1 basis point to 6.59% in the week ended June 19, according to the Mortgage Bankers Association. Total mortgage applications rose 1%, recovering from the prior week's decline. Refinancing activity

*IRAN DEPUTY FM SAYS NUCLEAR INSPECTIONS REQUIRE FINAL DEAL

OIL SUPPLY REBOUND EASES MARKET FEARS UBS says nearly 80% of oil supply disrupted by the Middle East conflict will return within three months, rising to about 90% by year-end. Brent crude has fallen below $80 as flows through the Strait of Hormuz recover and regional production

TRUMP'S WEDNESDAY SCHEDULE 🔸 8:00 AM — Executive Time 🔸 12:00 PM — Signs the 21st Century ROAD to Housing Act (Capitol) 🔸 1:00 PM — Senate Steering Committee Lunch (Capitol) 🔸 3:30 PM — Meeting with NATO Secretary General (Oval Office) 🔸 5:00 PM — Policy Meeting (Oval

ISRAEL'S DEFENCE MINISTER: ISRAEL WILL NOT WITHDRAW FROM SOUTH LEBANON, EVEN IF THE U.S. DEMANDS IT

CEREBRAS $CBRS SIGNS $20B+ OPENAI DEAL FOR 750MW Cerebras Systems announced a multi-year deal with OpenAI for 750MW valued at over $20B, per an SEC filing. OpenAI's GPT 5.4 is now running on Cerebras, and the company is working to bring GPT 5.5 on as part of the next phase of

ALPHABET $GOOGL JOINS THE DOW, HEADLINES JUNE INDEX REBALANCE S&P Dow Jones Indices announced its latest changes: Dow Jones Industrial Average (before the open June 29): - Alphabet $GOOGL replaces Verizon $VZ - Honeywell International remains in the index S&P 500 and S&P 100:

GAMESTOP $GME TO DETAIL PROPOSED EBAY $EBAY ACQUISITION THIS WEEK GameStop said it will release the strategic rationale and plan for its proposed acquisition of eBay this week, per Reuters. Separately, the company removed a proposed CEO performance award at Ryan Cohen's

NIKE $NKE NAMES DAVID DENTON CFO, MATTHEW FRIEND TO STEP DOWN Denton becomes CFO effective August 17, per the company. Friend will step down as CFO and remain through September 4 to support the transition.

KB HOME $KBH Q2 REVENUE $1.11B BEATS - Revenue: $1,112.4M vs $1,098M est, beat - EPS: $0.43 - Net income: $27.3M - Housing adj gross margin: 15.7% - Homebuilding operating income: $28.2M

NEXERA TECHNOLOGIES $NEXR REGISTERS UP TO 16.84M SHARES FOR RESALE The company filed to register up to 16.84M ordinary shares for resale, per an SEC filing.

FEDEX $FDX Q4 EPS $6.31 BEATS, REVENUE $25B BEATS - Adj EPS: $6.31 vs $5.96 est, beat - Revenue: $25.0B vs $24.04B est, beat - CY guidance: adj EPS $16.90-$18.10, revenue growth about 11% FedEx intends to repurchase up to $1B of shares for CY 2026 and expects capital spending

WALMART $WMT BUYS AD-TECH FIRM VIBE .CO FOR $1.4B The retailer is acquiring the French connected-TV advertising company, its largest deal since the $2.3B Vizio purchase in 2024, per WSJ. Vibe .co enables advertising through connected TVs, with a focus on small and medium-size

SPS COMMERCE $SPSC EXPLORING A SALE AMID ACTIVIST PRESSURE The supply chain software maker has hired Morgan Stanley to explore a potential sale, expected to draw private equity interest, per Reuters. Activists Anson Funds and Irenic Capital disclosed stakes in late March and

IRAN'S PRESIDENT PEZESHKIAN: WE WILL NEVER NEGOTIATE OUR DEFENSIVE ABILITY WITH ANYONE

IRAN'S PRESIDENT PEZESHKIAN: IRAN'S MISSILES WERE NOT IN THE MOU AND WILL NEVER BE

SPACEX BOND SALE DRAWS MASSIVE DEMAND SpaceX attracted roughly $89 billion of orders for its first investment-grade bond sale, one of the largest demand levels seen in the U.S. bond market this year. The company aims to raise $20 billion to $25 billion to refinance debt and

$SPCX SPACEX SEES PEAK DEMAND OF $89B FOR FIRST HIGH-GRADE BOND OFFERING

RUBIO: NO COUNTRY IS ALLOWED TO CHARGE TOLLS OR FEES ON AN INTERNATIONAL WATERWAY, THAT'S EXISTING INTERNATIONAL LAW

RUBIO: WE'RE GOING TO DEAL DIRECTLY WITH LEBANESE GOVERNMENT

ESMA CALLS ON UNAUTHORISED CRYPTO-ASSET SERVICE PROVIDERS TO WIND DOWN ORDERLY, AS MICA TRANSITIONAL PERIOD ENDS

*TRUMP TO HOST WEAPONS MAKERS WEDNESDAY

TOTALENERGIES CEO: WE AT TOTAL MUST INVEST IN PIPELINES TO BYPASS THE STRAIT OF HORMUZ, FOR EXAMPLE THROUGH ABU DHABI, SYRIA TOTALENERGIES CEO: THIS IS THE LESSON FROM THE CRISIS FOR US, THE MOST MIDDLE-EAST EXPOSED OIL MAJOR

ISRAEL TO CONSIDER US IPO FOR DEFENSE GIANTS IAI AND RAFAEL

HEDGE FUNDS TURN MORE BEARISH ON OIL Hedge funds increased short bets on crude oil to the highest level in nearly five months, reflecting expectations of higher global supply. Traders are betting that easing U.S.-Iran tensions, increased Iranian exports and smoother traffic

TRUMP: ARRESTS MADE OVER REFLECTING POOL DAMAGE President Trump said six people have been arrested and seven cited in connection with vandalism at the Reflecting Pool. According to Trump, the damage included a 350-foot series of cuts and destruction to surrounding landscaping.

$NVDA - NVIDIA FALLS BELOW $5 TRILLION IN MARKET VALUE; LAST DOWN 2.6%

$TSLA - TESLA SHARES FALL 3.9%

IRAN, OMAN DISCUSS HORMUZ SHIPPING FEES Iran and Oman said they are negotiating a framework for jointly managing navigation in the Strait of Hormuz, including maritime services and associated costs. The two countries reaffirmed their sovereignty over territorial waters and

U.S. HOME PRICES PICK UP U.S. home prices rose 0.3% in May, the fastest monthly gain since January, while increasing 2.5% from a year earlier, according to Redfin. The rise was driven by stronger demand in April when mortgage rates briefly declined. Although pending sales have

U.S. OFFICIALS HAVE SEIZED OVER 300 DRONES NEAR WORLD CUP SITES SINCE START OF PLAY -- AGENCY

$SPCX - SUSQUEHANNA SEES SPACEX UPSIDE, STAYS NEUTRAL Susquehanna initiated SpaceX (SPCX) with a Neutral rating and a $170 price target, citing strong growth prospects but a demanding valuation. The firm expects revenue to surge through 2030, driven by launches, Starlink and

GOLD TESTS KEY SUPPORT LEVEL Gold futures fell to around $4,126/oz, down 23% from January's record high and approaching the $4,000 level. Rising bond yields and expectations for higher interest rates continue to pressure prices. Analysts say a stabilization near current levels

LEBANESE PRESIDENT AOUN SAYS WILL ACCEPT NOTHING LESS THAN END OF 'ISRAELI OCCUPATION' OF SOUTHERN LEBANON

US HOSTS ISRAEL-LEBANON TALKS U.S.-mediated talks between Israel and Lebanon have begun in Washington, D.C. Negotiations will take place on both diplomatic and military tracks, starting with a joint session followed by separate military and political meetings. The talks are

SEMICONDUCTOR STOCKS SLIDE SHARPLY A broad chip-sector selloff hit semiconductor stocks and ETFs: • $NVDA -3.7% • $AMD -7.5% • $MU -11.7% • $AVGO -2.8% • $INTC -9.0% • $ARM -8.5% • $MCHP -5.4% • $AMAT -9.7% • $KLAC -8.5% • $MRVL -9.2% • $QCOM -6.9% Semiconductor

*SPACEX FALLS 3.9% TO DROP BELOW TRADING DEBUT’S OPEN PRICE

PUTIN TELLS GOVERNMENT MEETING: UKRAINE IS HITTING OUR CIVILIAN FACILITIES AS IT IS LOSING TERRITORY PUTIN: UKRAINE IS TRYING TO CREATE FOR RUSSIA PROBLEMS WITH ENERGY

$SPCX - SPACEX SHARES DOWN 2.7% AFTER ABOUT 23% SLIDE IN PAST THREE SESSIONS

IRAN'S STATE MEDIA SAYS WESTERN PART OF COUNTRY'S AIRSPACE IS NOW OPEN

NASDAQ 100 FUTURES EXTEND LOSSES, LAST DOWN 3.1%

BARCLAYS RAISES 2026 YEAR-END TARGET FOR S&P 500 INDEX TO 7,800 FROM 7,650

$SPCX - CATHIE WOOD BUYS SPACEX DIP ARK Invest bought more than 210,000 SpaceX shares worth at least $32 million after the stock plunged 16%. The purchase adds to ARK’s existing position following SpaceX’s IPO, with Cathie Wood viewing the selloff as a buying opportunity.

TRUMP BACKS $17.5 BILLION NUCLEAR PUSH The Trump administration is offering $17.5 billion in low-cost loans to support construction of 10 new Westinghouse AP1000 nuclear reactors across the U.S. Officials say the program could cut development timelines by up to three years and

STIFEL RAISES 2026 YEAR-END TARGET FOR S&P 500 INDEX TO 7,800

RUSSIA SEES THAT U.S. IS MOVING AWAY FROM AGREEMENTS REACHED BY PRESIDENTS DURING ALASKA SUMMIT LAST YEAR, RIA QUOTES DEPUTY FOREIGN MINISTER U.S. IS DRIFTING TOWARDS ANTI-RUSSIAN POLICY OF THEIR EUROPEAN ALLIES, RIA QUOTES DEPUTY FOREIGN MINISTER

*MELONI IS CONSIDERING CALLING ITALIAN ELECTION AS SOON AS APRIL

CHINA'S FOREIGN MINISTER WANG YI, AT BRICS MEETING: BRICS SHOULD STRENGTHEN COOPERATION ON STRATEGIC MINERAL RESOURCES - XINHUA

TRUMP: 19 MILLIONS BARRELS OF OIL FLOWED OUT OF HORMUZ STRAIT ON MONDAY

EURO EXTENDS FALL TO LOWEST SINCE JUNE 2025, LAST DOWN 0.3% AT $1.1391

$AMC - AMC ENTERTAINMENT SHARES DOWN 17% TO $2.29 PREMARKET AFTER CO ANNOUNCES PRICING OF $200 MLN STOCK OFFERING

IRAN'S FARS NEWS AGENCY, CITING MILITARY SOURCE, SAYS ONLY A CERTAIN NUMBER OF VESSELS PER DAY ARE ALLOWED TO PASS STRAIT OF HORMUZ, THIS AMOUNT IS TO VARY DAILY ACCORDING TO CONDITIONS

$SPCX - SPACEX SHARES TURN POSITIVE, LAST UP 0.2% PREMARKET

PUTIN: NO GROUND FOR TALKS WITH ZELENSKIY GIVEN UKRAINIAN STRIKES ON CIVILIAN TARGETS

TRUMP HAILS RECORD HORMUZ OIL FLOWS President Trump said 19 million barrels of oil moved through the Strait of Hormuz on Monday, a record high. He said falling oil prices and uninterrupted shipping signal improving global stability and a safer environment for energy markets.

Trump on Truth Social: Iran Has Fully, Completely Agreed to Highest Level Nuclear Inspections Long Into Future

TRUMP: MONEY U.S. TREASURY IS RELEASING GOES INTO ESCROW, CONTROLLED BY U.S.A., AND WILL BE USED TO BY FOOD AND MEDICAL SUPPLIES FROM THE U.S., INCLUDING CORN, WHEAT, AND SOYBEANS

TRUMP SAYS IRAN AGREES TO NUCLEAR INSPECTIONS President Trump said Iran has agreed to long-term nuclear inspections, calling it a key condition for continued negotiations. Trump also said the U.S. will keep the Strait of Hormuz open and will not impose a naval blockade for now,

TRUMP: WILL KEEP ALL SHIPS IN PLACE TO REINSTITUE THE BLOCKADE IF NECESSARY

TRUMP: I HAVE AGREED TO ALLOW HORMUZ STRAIT TO REMAIN OPEN, WITH NO FURTHER NAVAL BLOCKADE.

OMAN, IRAN SAY THEY WILL HOLD TALKS WITH COASTAL COUNTRIES AND ANY CONCERNED PARTIES REGARDING MANAGEMENT OF HORMUZ AND ANY "RELATED COSTS"

OMAN, IRAN SAY THEY WILL FORM A TEAM TO REACH AGREEMENT ON "FUTURE MANAGEMENT OF NAVIGATION" VIA STRAIT OF HORMUZ

OMAN, IRAN BACK STRAIT OF HORMUZ COOPERATION Oman and Iran reaffirmed support for the U.S.-Iran Islamabad Memorandum of Understanding and pledged continued dialogue on its implementation. The two countries agreed to work jointly on the future management of navigation in the

INDIA HAS TEN FLAGGED SHIPS WAITING TO CROSS STRAIT OF HORMUZ

DEUTSCHE BANK CUTS GOLD OUTLOOK Deutsche Bank lowered its gold forecast, citing a hawkish Fed, resilient U.S. data and weak investment demand. The bank now sees gold at $4,800/oz in Q4 but warns prices could fall to $3,800/oz if the Fed delivers multiple rate hikes. ETF

$SPCX - SPACEX SLIDES TOWARD $2 TRILLION THRESHOLD SpaceX shares fell more than 4% in premarket trading, putting the company on track for a market value below $2 trillion for the first time since its IPO. The stock traded near $148, slipping below its June 12 debut price of

*HEZBOLLAH SAYS ISRAEL ATTACK VIOLATES CEASEFIRE

IRAN'S TOP NEGOTIATOR QALIBAF SAYS TEHRAN AND MUSCAT ESTABLISHED A JOINT COMMITTEE TO DISCUSS THE STRAIT OF HORMUZ, SAYS DETAIL PENDING - TELEGRAM ACCOUNT

QUALCOMM $QCOM IN ADVANCED TALKS TO BUY MODULAR AT ~$4B The chipmaker is nearing a deal to acquire AI chip startup Modular in a transaction valuing it at about $4B, with an announcement possible in the coming weeks, per Bloomberg. No final agreement has been reached and the

IRAN'S CENTRAL BANK GOVERNOR SAYS TEHRAN NOT OBLIGED TO PURCHASE AGRICULTURAL INPUTS FROM U.S. UNDER EXISTING AGREEMENTS - TASNIM NEWS AGENCY

IBM $IBM, OPENAI PARTNER ON AI FOR ENTERPRISE CYBER DEFENSE IBM and OpenAI announced a partnership to apply AI to enterprise cyber defense, aimed at helping companies counter automated, AI-driven threats, per the companies.

META $META PAUSES INTERNAL AI TRAINING PROGRAM OVER DATA EXPOSURE Meta is pausing an internal AI training program after sensitive data was accessible across the entire company, per Business Insider.

PALANTIR $PLTR FOUNDRY NAMED CLOUD DATA LAYER FOR ARMY NGC2 The Army has established the common data layer baseline for its Next Generation Command and Control (NGC2) program, built on Palantir's Foundry as the cloud data layer and Anduril's Lattice as the tactical data layer,

Trump: Wish Starmer well

Trump: Vance this morning was fantastic

TRUMP: IF IRAN DOESN'T STICK TO AGREEMENT, I WILL DO WHAT I HAVE TO DO

BEST BUY $BBY CFO MATT BILUNAS TO STEP DOWN END OF JULY The company has engaged an external search for its next CFO. CEO Corie Barry will provide financial oversight during the transition if needed, per the company.

TRUMP BACKS “EL TIGRE” FOR COLOMBIA Trump congratulates Abelardo de la Espriella, calling him “El Tigre” and saying he looks forward to strengthening a powerful partnership between Colombia and the United States. — President Donald J. Trump

NHTSA OPENS INVESTIGATION INTO FATAL TESLA CRASH NEAR HOUSTON US auto-safety regulator NHTSA is investigating a Friday evening crash in which a Tesla $TSLA Model 3 left the road and struck a home near Houston, killing a woman inside, per WSJ. The driver told the Harris County

UNITED $UAL FLIES FIRST WIDEBODY TRANSATLANTIC FLIGHT WITH STARLINK WI-FI United Airlines is accelerating its Starlink Wi-Fi rollout and expects close to 1,000 Starlink-equipped aircraft by year-end.

*US TO RELEASE 500K BBL CRUDE OIL FROM SPR TO VITOL

TRUMP SAYS IRAN TO ACCEPT NUCLEAR INSPECTIONS Trump says Iran will agree to major weapons inspections to ensure future “nuclear honesty.” The statement signals expectations of expanded monitoring as part of ongoing nuclear-related negotiations.

ECB'S LAGARDE: RENMINBI'S UNDERAPPRECIATION JUSTIFIES DISCUSSIONS OF EXCESSIVE IMBALANCES AT G7

US ALLOWS IRAN OIL SALES IN DOLLARS The U.S. Treasury approved a temporary waiver allowing Iran to sell crude oil, petrochemicals, and petroleum products in dollars through Aug. 21, 2026. The move marks a major shift in sanctions policy as Washington and Tehran negotiate over

STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FALL BY ABOUT 9.1 MLN TO 331.2 MLN BARREL LAST WEEK, LOWEST SINCE 1983

IRAN'S FOREIGN MINISTRY SPOKESPERSON: TEHRAN DID NOT NEGOTIATE THE NUCLEAR ISSUE AND DID NOT ACCEPT ANY NEW COMMITMENTS IN SUNDAY'S TALKS IN SWITZERLAND

THE IRAN ENERGY CRISIS WILL DRIVE GLOBAL ELECTRIFICATION, IEA CHIEF FATIH BIROL SAYS

SPACEX SIGNS COMPUTE DEAL WITH OPE-SOURCE AI STARTUP REFLECTION - CNBC

BITCOIN REMAINS RANGEBOUND IN $62.5K–$72K Bitfinex says Bitcoin is stuck in a consolidation range between $62,500 and $72,000, with neither bulls nor bears in control. The firm notes the price is up 1.7% at $64,871, but key breakout drivers are missing, including sustained ETF

U.S. STOCKS EXTEND FALL, NASDAQ DOWN 1.00 PCT

$GOOGL - ALPHABET SHARES EXTEND LOSSES; LAST DOWN 5%

BITCOIN TRANSACTION ACTIVITY HITS 2024 HIGH CryptoQuant says Bitcoin transaction frequency has reached its highest level since 2024, even as hedge funds continue to reduce exposure. The firm notes a divergence between rising network activity and weaker prices, with

$SPCX - SPACEX SHARES EXTEND LOSSES; LAST DOWN 8.8% AT $168.50

BOFA SEES CHEAP GOLD STOCKS DESPITE HEADWINDS Bank of America says gold equities are attractively valued even as a stronger dollar and hawkish Fed weigh on bullion. The bank notes gold stocks price in gold around $3,354/oz, about 19% below spot, with longer-term support from

USER REPORTS SHOW PROBLEMS WITH X (TWITTER): DOWNDETECTOR

$SPCX - SPACEX MANDATED BANKS TO ARRANGE SIX FIXED INCOME INVESTOR CALLS THAT WILL BE HELD JUNE 22ND - SOURCE POTENTIAL OFFERING BY SPACEX OF SENIOR UNSECURED NOTES, ACROSS 5-30YR USD-DENOMINATED TENORS IS EXPECTED TO FOLLOW - SOURCE

META $META BRINGS INSTAGRAM FOR TV TO SAMSUNG TVS Instagram for TV is now available on Samsung TVs, per Meta. The company says it is exploring new formats including episodic series and live on TV, with plans to roll them out soon.

EURO ZONE CONSUMER CONFIDENCE AT -17.7 IN JUNE (RTRS POLL -17.5) - EU COMMISSION

PAKISTAN GOVT: IRAN PRESIDENT TO VISIT PAKISTAN ON JUNE 23

TRUMP ON TRUTH SOCIAL: REFLECTING POOL IS BEING TAKEN CARE OF ASAP

$SPCX - SPACEX SHARES FALL 5.4% AFTER FALLING FOR THE LAST TWO SESSIONS

U.S.'S BESSENT: TREASURY HAS ISSUED TEMPORARY 60-DAY GENERAL LICENSE AUTHORIZING IRANIAN OIL PRODUCTION AND SALES AFTER PRODUCTIVE SWITZERLAND TALKS

$NVDA - NVIDIA PUSHES SAFETY LAYER FOR HUMANOID ROBOTS Nvidia is developing software and chips to improve humanoid robot safety and enable closer human interaction, including physical collaboration in workplaces. Its Halos system, based on autonomous driving tech, aims to give

SPOT SILVER RISES 3% TO $67.12/OZ

EU'S COSTA: WE NEED TO POSTPONE EU-UK SUMMIT

US AUTHORIZES IRAN OIL-RELATED GENERAL LICENSE U.S. Treasury issues a general license allowing production, delivery, and sale of Iranian-origin crude oil, petrochemical, and petroleum products through Aug. 21, 2026, according to the Treasury Department website. The authorization

$SPCX - SPACEX LAUNCHES FIRST BOND OFFERING SpaceX has launched its first issuance of senior unsecured notes, marking its debut in the bond market. Proceeds will be used to repay outstanding borrowings under its bridge loan facility. The company did not disclose the size,

FED PIVOT FLAGS HIGHER BOND VOLATILITY Julius Baer’s Dario Messi says the Fed’s shift toward data dependence and a tighter 2% inflation focus will increase bond-market volatility, especially in short-dated Treasurys. Markets are pricing about 38bps of hikes by year-end, with

UPCOMING U.S. ECONOMIC DATA COULD SPARK VOLATILITY IN U.S. TREASURYS, JULIUS BAER SAYS U.S. 10-YEAR TREASURY YIELDS COULD FALL SLIGHTLY IN SECOND HALF OF 2026 TOWARDS 4.30%, JULIUS BAER SAYS U.S. JOBS MARKET MIGHT NOT BE AS STRONG AS RECENT DATA SUGGEST: JULIUS BAER JULIUS

US FEDERAL RESERVE NOTES WITH 'DEEP SADNESS' THE PASSING OF ALAN GREENSPAN FED: GREENSPAN'S LEGACY ENDURES AT FED IN THOSE HE MENTORED, ECONOMISTS HE INSPIRED AND FRAMEWORKS AND PRACTICES HE HELPED SHAPE

GOLDMAN SACHS CUTS 12-MONTH US RECESSION RISK ESTIMATE TO 15% VS PRIOR FORECAST OF 25%

LOWY INSTITUTE POLL: AUSTRALIANS' TRUST IN U.S. HITS RECORD LOW LOWY INSTITUTE: MOST AUSTRALIANS SAY CHINA RELATIONSHIP MORE IMPORTANT THAN U.S. LOWY INSTITUTE: AUSTRALIANS' TRUST IN U.S. TO ACT RESPONSIBLY IN WORLD DROPS TO 31%

$AMZN - PRIME DAY SALES SEEN UP 9% TO $26.3B US online spending during Amazon’s Prime Day is expected to rise 9% to $26.3 billion, driven by demand for discounted back-to-school and household goods. Adobe data shows retailers including Walmart and Target are also running

TWO SUPERTANKERS ENTER INTO THE GULF THROUGH STRAIT OF HORMUZ TO LOAD FOUR MILLION BARRELS OF OIL, ONE OF THE TANKERS HEADING TO IRAQI PORT OF BASRA – SHIP TRACKING DATA TWO SMALLER CRUDE TANKERS WITH UNDER TWO MILLION BARRELS INTO TOTAL SAIL THROUGH HORMUZ INTO GULF OF OMAN –

HASSETT: GETTING DEBT-TO-GDP DOWN IS A HIGH PRIORITY

HASSETT: REALLY BIG TANKERS ARE COMING THROUGH HORMUZ

$SPCX - KEYBANC INITIATES SPACEX WITH NEUTRAL VIEW KeyBanc initiated coverage of SpaceX at Sector Weight, citing its dominance in space launch and related markets. The firm highlights Starlink as a driver of profitable growth and sees AI as a long-term upside catalyst. However,

$MSTR - STRATEGY BUYS 520 BTC OVER PAST WEEK, ADDS $300M TO USD RESERVE: FILING

$SPCX - SPACE EXPLORATION TECHNOLOGIES CORP - ANNOUNCES INAUGURAL OFFERING OF SENIOR UNSECURED NOTES - SEC FILING SPACE EXPLORATION TECHNOLOGIES CORP - TO USE NOTES PROCEEDS TO REPAY BRIDGE LOAN AND FOR GENERAL CORPORATE PURPOSES - SEC FILING

GOLDMAN CUTS US RECESSION RISK FORECAST Goldman Sachs lowered its 12-month U.S. recession probability to 15% from 25%, citing easing geopolitical risk after a peace agreement with Iran. The bank says lower energy prices and an improving labor market support the downgrade. The

$AMC - AMC THEATRES HAS BUSIEST WEEKEND OF 2026 IN U.S. AS TOY STORY 5 DEBUTS WITH BIGGEST OPENING WEEKEND BOX OFFICE OF YR

BANK OF AMERICA SEES THREE FED HIKES Bank of America expects the Federal Reserve to raise interest rates three times this year, shifting from its prior view of no changes. The bank cites stronger economic data and a more hawkish Fed tone focused on inflation under new chair

VANCE: IF WE CANT GET PERMANENT PEACE, TRUMP HAS A LOT OF OPTIONS

OIL PRICES EXTEND LOSSES AFTER US VICE PRESIDENT SAYS STRAIT IS OPEN, IRAN AND US HAVE LAID 'VERY GOOD FOUNDATION' FOR A SUCCESSFUL FINAL DEAL

VANCE: WE WANT A REGIONAL CEASEFIRE

ALAN GREENSPAN, ECONOMIST AND LONGTIME HEAD OF THE FEDERAL RESERVE, DIES AT 100- NBC NEWS

VANCE ON WHEN NUCLEAR INSPECTORS WILL START: POSSIBLY THIS WEEK, AS SOON AS TODAY

$AAPL - KGI CUTS APPLE TO NEUTRAL KGI Securities downgraded Apple from Outperform to Neutral, setting a $315 price target.

*VANCE SPEAKS IN SWITZERLAND AT 0700 ET

IRAN’S TASNIM CITING INFORMED SOURCE: EFFORTS BY MEDIATORS PAKISTAN AND QATAR ARE STILL ONGOING BUT HAVEN’T YET YIELDED A FINAL RESULT

IRAN'S IRGC WARNS VESSELS NOT TO APPROACH STRAIT OF HORMUZ, SAYS THEIR SECURITY WOULD OTHERWISE BE AT RISK -STATEMENT

IRAN'S REVOLUTIONARY GUARD CORPS IRGC SAYS STRAIT OF HORMUZ IS CLOSED TO ALL VESSELS

STARBUCKS $SBUX CUTS LONDON, HONG KONG OFFICE JOBS The coffee chain laid off corporate staff at the hubs overseeing parts of its international business, per Bloomberg: - London: ~120 positions, the EMEA headquarters - Hong Kong: ~60 positions, about 20% of the office covering

TRUMP SPOKE WITH ISRAEL EARLIER FRIDAY AND ASKED THEM TO AGREE TO A CEASEFIRE W/HEZBOLLAH -NBC NEWS

IRAQ RAISES SOUTHERN OILFIELD PRODUCTION BY 250,000 BPD TO AROUND 1.75 MILLION BPD – TWO OIL OFFICIALS TO REUTERS

HEZBOLLAH OFFICIAL: NO NOTIFICATION RECEIVED YET ON CEASEFIRE TIMING

ISRAELI MILITARY SPOKESMAN: TROOPS ON THE GROUND IN LEBANON HAVE FREEDOM TO ACT AGAINST THREATS ISRAELI MILITARY SPOKESMAN: WHEN ASKED WHETHER ISRAEL WILL STRIKE IN BEIRUT: WE RESPECT AGREEMENTS, ACT ACCORDING TO INSTRUCTIONS FROM ISRAEL'S LEADERS

TRUMP SAYS IRAN IS WEAKENED AFTER WAR Trump said Iran has been “diminished” by war, claiming it has lost its air force, navy, air defences and radar systems. He criticised Democrats for suggesting Iran is now stronger, calling such views “stupid” and unrealistic.

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS IRAN WILL TAKE ALL NECESSARY MEASURES TO PROTECT ITS INTERESTS AND ALLIES

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS THE U.S. BEARS DIRECT RESPONSIBILITY FOR ISRAELI ATTACKS ON LEBANON

IRAN'S FOREIGN MINISTRY SPOKESPERSON CONDEMNS ISRAELI ATTACKS ON LEBANON, WARNS OF CONSEQUENCES FOR REGIONAL SECURITY

US SIGNALS ISRAEL WILL NOT ESCALATE LEBANON STRIKES The US has reportedly told Iran that Israel will not further escalate military action in Lebanon, in an effort to keep nuclear talks on track. The message comes after renewed Israeli strikes following a Hezbollah attack that

HORMUZ TRAFFIC REBOUNDS AS CAUTION REMAINS Verified Strait of Hormuz crossings rose to 25 on 18 June, signaling a recovery in maritime activity. Traffic flowed both ways, with five sanctioned vessels recorded and no new attacks confirmed since 10 May. While the US-Iran

FED RATE HIKE BETS HOLD DESPITE IRAN EASING Investors are unlikely to drop expectations for Fed rate hikes in the second half of the year, despite easing Middle East tensions. LBBW says the Iran conflict resolution may reduce pressure for tighter policy, but its base case

ISRAEL-HEZBOLLAH FIGHTING THREATS IRAN DEAL Escalating Israel-Hezbollah clashes in Lebanon have put a US-Iran agreement under pressure, forcing the postponement of planned talks in Switzerland. The deal aimed to reopen the Strait of Hormuz and pause fighting, but renewed strikes

HEZBOLLAH MP FADLALLAH TO REUTERS: IRAN INFORMED GROUP THAT TALKS WITH U.S. CANNOT CONTINUE WITHOUT COMPREHENSIVE CEASEFIRE

IRAN'S STRAIT OF HORMUZ BODY SAYS VESSELS WON'T BE CHARGED ANY FEES FOR 60 DAYS

IRAN'S PERSIAN GULF STRAIT AUTHORITY SAYS TRANSIT REQUESTS MUST BE SUBMITTED AT LEAST 48 HOURS IN ADVANCE

IRAN'S PERSIAN GULF STRAIT AUTHORITY WARNS REQUESTS SUBMITTED THROUGH UNOFFICIAL CHANNELS WILL NOT BE CONSIDERED

IRAN'S PERSIAN GULF STRAIT ISSUES NEW PROCEDURES FOR VESSELS REQUESTING PASSAGE THROUGH STRAIT OF HORMUZ

IRAN'S PERSIAN GULF STRAIT AUTHORITY SAYS IN LIGHT OF MOU WITH U.S., PASSAGE THROUGH HORMUZ WILL BE GRANTED TO VESSELS THAT SUBMIT REQUESTS IN COMPLIANCE WITH THE NECESSARY REQUIREMENTS

S&P assigns SpaceX $SPCX a 'BBB' issuer credit rating on its IPO, with a stable outlook.

Enphase Energy $ENPH enters a tax credit transfer agreement, agreeing to sell up to $150M of advanced manufacturing production tax credits generated in 2026, per an SEC filing.

Activist Oasis Capital Management is weighing a proxy fight at Vail Resorts $MTN to shake up the company's board and explore selling off Vail's mountains, per Semafor.

Epsilon Energy $EPSN enters an ATM agreement to offer up to $15M of common shares, per an SEC filing.

META PLATFORMS HAS LOBBIED U.S. CONGRESS FOR IMMUNITY FROM CHILD-HARM LAWSUITS AS PART OF CHILD ONLINE SAFETY LEGISLATION - SOURCE, DRAFT PROPOSAL REVIEWED BY REUTERS

IRAN'S SUPREME LEADER SAYS IF THE AMERICAN SIDE WANTS TO BE TOO DEMANDING, WE WILL NOT ACCEPT IT

Pfizer $PFE reaffirms FY2026 guidance following a CFO transition announcement, per an SEC filing.

Netflix $NFLX announces a multi-year creative partnership with Proximity Media Television.

Spotify $SPOT launches Reserved in the US today for eligible Premium subscribers 18+, in partnership with Live Nation $LYV and Ticketmaster.

U.S. VICE PRESIDENT VANCE ON IRAN: 12.5MLN BARRELS OF OIL MOVED OVERNIGHT

Amazon $AMZN is in talks to sell its custom AI chips for use in other companies' data centers, a key push to cut into Nvidia's $NVDA dominance, per Bloomberg. AI chief Peter DeSantis says talks have begun but declined to name customers. Amazon's Trainium accelerator, already

DocuSign $DOCU launches a Slack app to bring agreement intelligence and agentic contract workflows to every team.

AMERICA STRONGER THAN EVER: OIL FLOWING, MARKETS RISING, PRICES FALLING Trump: “Iran will never have a nuclear weapon. America is safe, respected, and stronger than ever. Jobs are at record highs, affordability is returning — you’re welcome!”

Steel Dynamics $STLD guides Q2 2026 earnings at $3.51-$3.55 per diluted share.

Nucor $NUE Q2 2026 guidance: - Adj EPS: $4.5-$4.6 per diluted share - Earnings expected to increase across all segments vs Q1 - Steel mills segment to benefit from $130M cash refunds - Includes $61M non-cash benefit from Helion investment

IRAN ON MOU TEXT: U.S. COMMITS TO END ALL SANCTIONS ON IRAN BASED ON AN AGREED TIMETABLE WITHIN THE FRAMEWORK OF THE FINAL AGREEMENT

WARSH ENDS NEWS FIRST NEWS CONFERENCE AS FED CHAIRMAN

TRUMP: U.S. WOULD DO BETTER WITHOUT USMCA AGREEMENT

TRUMP: IF OTHER COUNTRIES HAVE BALLISTIC MISSILES, IT'S 'A LITTLE BIT UNFAIR' FOR IRAN TO HAVE NONE

TRUMP: WILL LEAVE U.S. MILITARY IN GULF 'FOR A WHILE'

WARSH SAYS NONE OF 19 AT TABLE FELT WE NEEDED TO TIGHTEN TODAY

WARSH: AI IS FILLED WITH OPPORTUNITY, RISKS

WARSH: WE NEED TO MAKE SURE RISING PRICES DON'T BROADEN THROUGH THE ECONOMY

WARSH DECLINES TO COMMENT ON ANY INTERACTIONS WITH TRUMP SINCE CONFIRMATION

WARSH DECLINES TO COMMENT ON RISING TREASURY YIELDS FOLLOWING FED DECISION

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS U.S. HAS COMMITTED TO CANCEL ALL TYPES OF SANCTIONS ON IRAN BASED ON A SCHEDULE THAT WILL BE DISCUSSED IN UPCOMING TALKS - SNN

WARSH: FINANCIAL MARKET PRICES ARE THE MOST IMPORTANT SOURCE OF INFORMATION TO GUIDE CENTRAL BANKERS

WARSH: SOME ECON DATA WE RECEIVE MIGHT BE AN 'ECHO OF HISTORY'

WARSH: WE'LL FIX FIVE YEARS OF MISSES ON INFLATION

WARSH: FED POLICY APPEARS TO BE RESTRICTIVE VIS A VIS HOUSING MARKET, BUT NOT FINANCIAL MARKETS

WARSH: 'I CAN'T GIVE YOU ANY GUIDANCE ON WHAT WE'RE GOING TO DO NEXT'

WARSH: I SEE NO REASON TO REVISIT 2% INFLATION TARGET

WARSH: INFLATION FRAMEWORK REVIEW TASK IS TO FOCUS ON DRIVERS OF INFLATION

*TREASURY 2-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 4.15%

WARSH: POLICY STATEMENT IS SHORTER, SIMPLER, JUST THE FACTS

WARSH: ALSO ABSENT IS FORWARD GUIDANCE, NOT WELL-SUITED TO CURRENT POLICY STATE

WARSH: PERSISTENTLY HIGH PRICES A BURDEN

WARSH: INFLATION WELL AHEAD OF 2% GOAL

WARSH: GOAL IS TO GET MONETARY POLICY RIGHT

SPOT GOLD TURNS NEGATIVE, LAST DOWN 0.5% AT $4,304.19/OZ

FED LIFTS RATE PATH, INFLATION OUTLOOK RISES Federal Reserve projections show the median fed funds rate rising to 3.8% in 2026 (from 3.4%), 3.6% in 2027, and 3.4% in 2028, with the long-run rate unchanged at 3.1%. Officials now expect higher inflation through 2026, with PCE not

*FED REMOVES STATEMENT REFERENCE TO ADDITIONAL RATE ADJUSTMENTS

*FED LOWERS MEDIAN 2026 GDP PROJECTION TO 2.2% FROM 2.4%

🚨 *FED LEAVES RATE UNCHANGED

BRAZIL'S LULA: I BELIEVE TRUMP KNOWS LITTLE ABOUT BRAZIL

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS IRAN AND OMAN WILL DEVELOP A MECHANISM FOR THE STRAIT, AND WE WILL EXCHANGE VIES WITH OTHER COUNTRIES WHEN NECESSARY

IRAN'S FOREIGN MINISTRY SPOKESPERSON SAYS SIGNING COULD BE DONE BY U.S. AND IRAN PRESIDENTS, THE IDEA STILL UNDER REVIEW -STATE MEDIA

TRUMP: IRAN SCHOOL INCIDENT IS UNDER INVESTIGATION