On today’s show, the US carried out a second day of strikes on Iran. US Central Command says around 90 targets were hit. The Islamic Revolutionary Guard Corps says it struck US bases in Kuwait and Bahrain. Asked if a full-scale military campaign would resume, US President Donald Trump said, “I don’t know,” but it would be won “very quickly.”
Minutes from the Fed’s June meeting show that ‘a few’ officials said there was a case for raising interest rates, though they ultimately supported the decision to stay on hold. There was also growing concern over inflation, just as worries over the labor market receded.
And the board of Volkswagen is expected to consider plans for a sweeping restructure of the global automaker. Bloomberg understands the proposals could ultimately eliminate as many as 100,000 jobs and close four German factories.
Today’s guest: Trevor Charsley, Corpay, Senior Technical Strategist.
Chapters:
00:00:00 – Daybreak Europe
00:01:18 – ECB Minutes, German Trade & SK Hynix IPO
00:02:34 – US Launches Second Day of Strikes on Iran
00:08:37 – NATO Summit: Trump, Ukraine & Alliance Unity
00:12:17 – Asian Markets, Chip Stocks & Oil Rally
00:15:42 – Fed Rate in Fcus
00:19:22 – Fed Minutes Signal Rate Hike Debate
00:21:49 – Bain Capital Exits Kioxia Investment
00:27:02 – Mideast Flare-Up Reignites Inflation Concerns
00:30:19 – Fed Minutes in the Warsh Era
00:32:15 – Trevor Charsley, Corpay, Senior Technical Strategist
00:40:33 – Volkswagen Considers Major Restructuring
00:44:32 – Platner Suspends Maine Senate Campaign
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