Patriotism Shouldn’t Apply to the Debauched Dollar

China Confirms Boeing Jet Deal, Agrees To Cut Select Levies & Expand Agri Trade Summary:  China, U.S. Agree To Cut Levies On Select Products, Expand Agricultural Trade China, U.S. Reach Boeing Jet Purchase Agreement U.S. And China Agree To Establish Trade And Investment Boards Trump-Xi Summit Delivers Modest Trade Wins China Responds With Agreements To Purchase Jets, Cut Levies, Expand Trade  One day after President Trump left Beijing, following his multi-day summit with Chinese President Xi Jinping, China's Commerce Ministry released new details about agreements it had reached to purchaseU.S.. planes and farm...

G-7 Leaders Reject SPR Release Plan, But 'Stand Ready' After Initial Jawbone Efforts Fade Update (1055ET): G-7 finance ministers used headlines in Asia, including calls for a meeting to discuss an SPR release, as a purely performative attempt to calm chaotic energy markets. Now that the emergency meeting is over, the group of leaders failed to agree on releasing crude supplies. Those headlines briefly hit Brent down from around $119/bbl to near $100, but once again, it appears to have been little more than a circus act as world leaders stare directly...

Northeast Heat Wave Arrives As World Cup Matches Get Underway As the World Cup starts, a prolonged spell of summer heat is expected to grip New York and much of the Northeast through the end of the week and into the weekend. Daytime temperatures are forecast to reach the 90s across several major cities, while high humidity will make conditions feel even hotter, according to Bloomberg. Forecasters expect the most intense heat on Thursday and Friday, when heat alerts will be in place across large parts of the region. Multiple cities along...