Futures Rise, Oil Slides As Iran's Supreme Leader Talks Peace And Shrugs Off Ras Tanura Attack

Mass Casualties In New Houthi Missile Barrage On Riyadh's International Airport On Saturday Yemen's Houthis have once again pummeled Saudi Arabia's King Khalid International Airport in Ryiadh with a volley of ballistic missiles. A major emergency response has ensued with dozens of ambulances at the scene, and a total evacuation of the major flight hub. In this fresh instance, which comes after multiple attacks on the kingdom's civilian aviation hubs stretching back at least a week, there appears to be mass casualties as a result. Result of the prior October 8 attack...

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...

The Moral Malaise: The New York Times Makes The Case For "Microlooting" To Murder Authored by Jonathan Turley, “It is so hard to live ethically in an unethical society.” That lament heard this week from New York Times opinion culture editor Nadja Spiegelman could well be the Democratic Party’s epitaph. Spiegelman was interviewing two left-wing influencers about how everything from shoplifting to murder may be excusable today in light of the unfairness they see in society. The podcast, a product of the nation’s newspaper of record, reveled in the moral relativism that has...