Deadlocked At Square Zero: Very First Line Of Iran's Latest Proposal 'Unacceptable,' Trump Says

"Firing On All Cylinders, But..." US Manufacturing Surveys Send Mixed Signals In May With US hard data taking a beating (relative to expectations) last week (red line below), analysts remain hopeful that US Manufacturing will hold up (durable goods orders were solid) with this morning's Manufacturing PMIs set to signal stability. The final May S&P Global US Manufacturing rose to 55.1 (down from the 55.3 flash print) but the strongest since April 2022 ISM's Manufacturing PMI survey also signaled improvement, up from 52.7 to 54.0 (better than 53.0 expected). "At first glance, the...

Meanwhile, In Dearborn, Michigan... Authored by Steve Watson via Modernity News, A viral video from inside a Home Depot in Dearborn, Michigan shows department signs for the likes of Appliances, Paint, Plumbing now carrying Arabic script alongside the English. This is not some minor accessibility tweak. It is another clear marker of demographic transformation in a city where Middle Eastern and North African ancestry already exceeds 54 percent. The footage captures shoppers navigating orange-and-black signs that translate core retail categories into Arabic. A woman in full niqab walks the aisle as the...

Oil Plunges, Stocks Spike As Trump "Postpones" Military Strikes On Iran After "Productive" Talks; Tehran Denies Contact Update (0745ET): Well that didn't take long - and consider the source - but Iran’s state news agency rejects Trump’s claim of 'constructive conversations' "There is no direct contact with Trump, not even through intermediaries," Fars News reports, citing a source. "Trump backed off after hearing that our targets would be all power plants in West Asia." Oil is rebounding and stocks retreating modestly on the news... IRAN SAYS THERE WAS NO DIRECT OR INDIRECT CONTACT WITH TRUMP...