Locator: 48780HEADLINES.
One and done: Congress agrees to claw back foreign aid and public broadcast funds. $9 billion. NPR says it doesn't need the funding.
Caitlin: won't be playing in the WNBA all-star weekend event. Injuries.
S&P 500: tech could drive S&P 500 to 7,000. Mary Ann Bartels, Sanctuary Wealth. A global secular bull market. AI, Web 3.0, crypto, blockchain. Already in a "summer melt-up." Market not yet ready.
Web 3.0, also known as Web3, is the next generation of the internet, aiming to be more decentralized, transparent, and user-centric than the current Web 2.0.
It's characterized by technologies like blockchain, decentralized autonomous organizations (DAOs), and cryptocurrencies. Essentially, Web3 envisions a web where users have more control over their data and interactions, with less reliance on large corporations
Oil: could spike in price.
Airports: 15 busiest around the world. DFW #3. Atlanta's Hartfield, #1. Link here. Absolutely unimportant but fascinating all the same.
CVX: premarket. Up almost 3%; up over $4 / share. [At open: up less than $2.]
Christmas in July:
Russia: EU slaps Russia with huge sanctions -- perhaps worst sanctions since this all began.
Nord Stream axed.
EU could ban all natural gas imports from Russia starting in 2028 [wont happen]. The price cap on Russian oil, currently at $60 / bbl, will be set dynamically at $15 below market rates effective immediately. First time ever, EU will sanction Rosneft oil refinery in India. Shadow fleet oil tankers: another 105 put on EU sanctions list.
US consumer: holding strong. Bank earnings are sending a message -- the economy isn't that bad. Who thought the economy was bad? Consumer confidence highest in five months. Sara Eisen is positive on all this; Carl Q. sounds very disappointed. He strongly dislikes Trump based on comments over at Bluesky. NASDAQ and S&P at record highs. Earnings coming in better than expected. The roaring 2020s story is back.
Trade talks: EU talks after Brazil hit.
Monazite: link here. Apparently China is importing rare earth metals from Brazil. Several story lines here.
Rail merger: Norfolk Southern surges.
Canada: gloating! Congratulations, Canada, on its first LNG delivery! To South Korea; is now headed back. LOL. Could have gone by pipeline to US for a whole lot less money and time. Link here.
Renewable energy: wind and solar projects constructed on federal land will be required to undergo a new review process. Another nail in that coffin. New York halts offshore wind transmission plan amid federal uncertainty. Real story: the developer needed an excuse to stop this unprofitable and unneeded eyesore.
Sand: the US is offering Canadian oil and gas drillers counter-tariff reprieve on the vast amounts of sand they import from the United States. Fracking sand.Iranian nuclear facilities: it looks like major facility was severely damaged if not totally destroyed; other two of lesser importance may not have been damaged as much.
