CNN Concedes Republicans Will Keep The Senate If The Polls Miss Like They Have Before

At least two people were killed today as Israeli artillery continued to shell southern Lebanon, and reports were that Israeli ground troops advanced further north into Lebanese territory as the conflict continues to be a major stressor on the US-Iran peace deal. The number of Israeli strikes on Lebanon seemed to markedly decline on Monday, […]

Apple Drops After Mixed Results: America, Europe Revenue Miss; Iphone Sales Disappoint, But China Surges Again Ahead of today's AAPL earnings report, we've had a mixed picture from Mag 7 earnings so far: GOOGL soared to a record high, MSFT and AMZN both dropped (although they recovered much of their losses throughout the day) and META crashed, all on different reads of their capex. Which leaves AAPL to complete the picture of the big 5 megacaps (with NVDA set to report in a few weeks). As we previewed earlier, focus today...

Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP Global attention this holiday-shortened week,will center on the US labor market, with the June employment report due on Thursday ahead of the Independence Day holiday. A reminder that the US will be 250 years old this week. Alongside that, central bank communication will be in focus at the ECB’s Sintra forum (today through Wednesday), while inflation data across Europe and activity indicators in Asia—notably China’s PMIs and Japan’s monthly data—round out a busy global calendar. In the US, DB economists expect...