Israel Bombs Deep Into Lebanon For First Time Of 3-Week Ceasefire

Trump Left Orders To Obliterate Iran If Assassinated: 'Bomb Them At Levels Never Seen Before' The Iran war saga has seen its fair share of bizarre and wild twists, and Friday has brought yet another - with the NY Post reporting that President Trump said he "left instructions" for a massive bombing campaign against Iran in the event he's assassinated by Iranian operatives. "I’ve been on their list for a long time. That’s what we’re dealing with," he told New York Post. Then he followed with: "The only thing is, I've left instructions - if anything happens,...

Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years With expectations of a 4%-plus print, all eyes are on this morning's CPI report as we move past April's shutdown-related distortions. Headline CPI rose 0.5% MoM (as expected) in May, lifting prices 4.2% YoY (also as expected). The first 4%-plus print since April 2023... Core Goods prices deflated in May while Energy remains a notable contributor... CPI details: Headline: The all items index rose 4.2 percent for the 12 months ending May, after rising 3.8 percent for the 12 months...

New Ayatollah's First Message: Hormuz Strait Stays Closed, Warns 'More Fronts' Could Open Summary: Bloomberg: Trump admin set to temporarily suspend Jones Act shipping rules to help cool rising oil prices. Ayatollah Mojtaba in first public message says the closure of the Strait of Hormuz should be continued as a tool to pressure the enemy Mojtaba vows to keep attacking US bases, and signals 'new fronts' could soon open President Trump simultaneously says the US is stopping Iran "from having Nuclear weapons" and "destroying" the Middle East and "the World". Shipping turmoil escalates as multiple vessels...