Hegseth: The New Motto Is We Do Bad Things to Bad People

US Industrial Production Disappoints (Again) In June US Industrial Production rose just 0.1% MoM in June (less than the 0.2% MoM rise expected), after also disappointing in May. That slowed the annual growth in production from 1.6% YoY to +1.1% YoY... The recent blip higher in Capacity Utilization faded last month (76.1% vs 76.2% exp) with the down-trend seemingly still in tact... If 'soft' survey data is in any way predictive of reality, then we should be seeing a sizable trend higher in industrial production... ...or maybe it's just another useless sentiment signal. ...

Trump On Iran Halting Talks: "We'll Keep Blockade" - Signals Tehran Can't Outlast US Summary Iran announces halt to all exchanges with US, citing Israeli aggression in Lebanon. Trump says 'haven't heard' this from Tehran, vows to keep US naval blockade in place. Iran overnight initiated fresh attacks on neighboring Kuwait and even released video showing footage of a ballistic missile launch. The US bombed radar & drone sites in Iran in response to the Iranians having shot down a US drone over the weekend. Reports of foreign jets over Iranian airspace. Iran negotiator Ghalibaf charges...

Grocery Bill Squeeze? Goldman Reveals Where Shoppers Get The Best Deals As consumer sentiment slides into fall and elevated gasoline and diesel prices squeeze lower-income households, Goldman's latest grocery survey identifies one top theme for budget-conscious shoppers: Walmart remains the lowest-priced retailer among the six chains surveyed, with prices averaging 15.7% below the group average. Goldman analysts led by Leah Jordan, an equity research analyst covering food retailers and packaged-food companies, surveyed prices at Kroger, Albertsons, Walmart, Sprouts Farmers Market, Whole Foods (WFM), and Dollar General. Her team found that Walmart's surveyed prices were...