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U.S. baker hughes oil rig count +5 to 445; U.S. baker hughes natgas rig count +1 to 126; U.S. baker hughes total rig count 580 vs 573 prior
Dow jones hits record high as chip bloodbath sinks nasdaq 100
Trump administration and anthropic have not discussed the government taking stakes in the firm
White house trade adviser navarro says U.S. to lower regulatory burden on fisheries, open up georges bank for scallop fishing
Exclusive: top 12 most-searched tickers in june on benzinga pro — spacex, marvell join list, micron stays on top
USA durables excluding defense (mom) for may -4.6% vs -4.6% prior
USA factory orders (mom) for may -1.3% vs -1.7% est
President trump posts on truth social "how about this? micron, a great american company, announced that they are putting in 250 million dollars into the trump accounts for the future benefit of children, and their stock went up 9 points today. "
Fed's daly says don't want to react quickly when world is changing quickly
Fed's daly says housing inflation has been coming down in U.S.
Fed's daly says should look for better inflation, labor data, but should not move goalposts
USA initial jobless claims 215k vs 219k est
USA private nonfarm payrolls for june revises prior from 120k to 97k
USA nonfarm payrolls for june revises prior from 172k to 129k
USA private nonfarm payrolls for june 49k vs 110k est.
USA manufacturing payrolls for june 3.000k vs 3.000k est
USA unemployment rate for june 4.2% vs 4.3% est.
USA participation rate for june 61.5% vs 61.8% prior
USA continuing jobless claims 1,814k vs 1,810k est.
USA u6 unemployment rate for june 7.9% vs 8.1% prior
USA average hourly earnings (yoy) for june 3.5% vs 3.5% est.
Non-farm payrolls for june 57K vs 114K est.
Average hourly earnings (mom) for june 0.3% vs 0.3% est.
Unemployment rate for june 4.2% vs 4.3% est.
USA nonfarm payrolls for june 57k vs 114k est.
USA average hourly earnings (mom) for june 0.3% vs 0.3% est.
Fed's daly says can't decide right now, can't give false guidance on rates; if strait of hormuz situation is resolved that would be a good thing; oil back down is good news for consumers and economy
Fed's daly says in U.S. there's exceedingly strong investment growth; don't see any signs of lack of economic resiliency, despite above-target inflation; that's also a good sign for U.S. economy; labor market is stabilized; inflation has risen on tariffs, oil price shock; oil prices have come down, hope for relief; U.S. monetary policy is slightly restrictive; that should help inflation come down; there is a scenario where fed has to fight inflation; there's also a scenario where growth doesn't continue
Fed's daly says ai investment shock has people wondering if it will be inflationary; if central bank acts too quickly it could prematurely bridle things, if you act too slowly it could be unwelcome for citizens; we are in early stages of a potential exponential rise in productivity gains from ai
Stock market today: dow jones futures rise, nasdaq falls as trump says iran's 'denuclearization' is going well—coreweave, nebius, micron, franklin covey in focus
Trump hails s&p 500's best quarter since 2020 as us-iran indirect talks wrap up
Fed’s warsh picks senior bessent staffer samantha schwab to serve as adviser' - bloomberg news
Alibaba group, aus merchant services agree to pay $600m to resolve allegations that they failed to prevent illegal sales of pharmaceuticals, pharmaceutical equipment, and other illegal products
Bitcoin ended q2 down 11%: these 3 factors are to blame
Warren asks fed watchdog to review bowman appearance at bank event' - wall street journal exclusive
President trump posts on truth social "big news! micron, a truly great american company, and one of the “hottest” anywhere in the world, has announced a historic $250 million investment in trump accounts. this incredible gesture, made by micron’s fantastic ceo, sanjay mehrotra, will make many children extremely happy some day in the not too distant future "
White house adds pandemic response staff as ebola cases rise' - bloomberg news
U.S. decides against renewing usmca, shifting to rolling talks; the U.S. decided against renewing its trade deal with canada and mexico, U.S. trade representative jamieson greer said, choosing instead to conduct annual reviews of the pact' - bloomberg news
Warsh taps ex-boe chief king for new fed communications task force' - bloomberg news
Fed's warsh calls inflation 'too high' — but july rate-hike odds cool
USA gasoline inventories 2.333m barrel draw vs 0.950m barrel draw est.
Fed chair warsh says we are no longer going to have to rely solely on data that we get from government agencies with measurement problems; my favorite data is upon us a year from now, if we do jobs right; we need indicators that tell us where things are now, close to real time as possible
Fed chair warsh says we are going to deliver on high promise congress gave us to deliver price stability; one of the secrets of productivity-led economic growth is because of the constitutional design in the U.S.
Fed chair warsh says my hope is that 9-12 months from now we'll be using new tech to understand the economy; fed will remain independent after supreme court; we'll follow the supreme court decision; there will be dots at least for the short time
USA construction spending (mom) for may 0.1% vs 0.1% est.
Ism manufacturing employment for june 49.7 vs 48.6 prior
Ism manufacturing prices for june 73.0 vs 77.7 est.
Ism manufacturing pmi for june 53.3 vs 53.8 est.
Fed chair warsh says potential growth looks like it has trended up; if last 4 quarters an indication, there is reason to be optimistic; have not changed view on balance sheet in first four weeks at fed; if there is a change in balance sheet policy, decision will be well deliberated and communicated; balance sheet borders on fiscal policy; want interest rate policy to be the key policy tool
Fed chair warsh says we've seen that prices are too high; we are going to deliver price stability; volatility is down, yields are down; will likely have news next week on leaders of task forces; will ask best minds from inside and outside the U.S.; there is willingness by my colleagues to go back to first principles