KEY EUROPEAN NATIONS ACCEPT HORMUZ STRAIT FEES ARE INEVITABLE *Walter Bloomberg (@DeItaone) / Twitter · 07-02 23:11
U.S. MAY FACTORY ORDERS -1.3% (CONSENSUS -1.8%) VS APRIL +5.3% (PREV +4.8%) *Walter Bloomberg (@DeItaone) / Twitter · 07-02 23:00
$AAPL - UBS: APPLE AI NOT DRIVING IPHONE UPGRADES UBS says Apple Intelligence is not meaningfully accelerating iPhone upgrades, with fewer users citing AI features as a reason to buy a new device. While iPhone purchase intentions remain solid in the U.S. and Europe, demand in China weakened. UBS maintained its iPhone forecasts and $296 price target on Apple. *Walter Bloomberg (@DeItaone) / Twitter · 07-02 22:42
WHITE HOUSE SAYS JUNE JOBS REPORT SHOWS LABOR MARKET RESILIENCE *Walter Bloomberg (@DeItaone) / Twitter · 07-02 22:10
DALY: HOUSING INFLATION HAS BEEN COMING DOWN IN U.S. *Walter Bloomberg (@DeItaone) / Twitter · 07-02 21:37
US LABOR JUN NONFARM PAYROLLS +57K; CONSENSUS +115K US JUN UNEMPLOYMENT RATE 4.2%; CONSENSUS 4.3% US JUN AVERAGE HOURLY EARNINGS +0.35%, OR +$0.13 TO $37.64; OVER YEAR +3.52% US JUN PRIVATE SECTOR PAYROLLS +49K AND GOVERNMENT PAYROLLS +8K US JUN AVERAGE WORKWEEK UNCHANGED AT 34.3 HOURS US JUN LABOR-FORCE PARTICIPATION RATE 61.5% US MAY PAYROLLS REVISED TO +129K; APR REVISED TO +148K US MAY UNEMPLOYMENT UNREVISED AT 4.3% *Walter Bloomberg (@DeItaone) / Twitter · 07-02 21:32
US JOBLESS CLAIMS -1K TO 215K IN JUN-27 WK; SURVEY 220K US JUN-20 WEEK CONTINUING CLAIMS +2K TO 1,814,000 US JUN-20 WEEK JOBLESS CLAIMS REVISED TO 216K *Walter Bloomberg (@DeItaone) / Twitter · 07-02 21:31
U.S. JOBS GROWTH MISSES, UNEMPLOYMENT FALLS U.S. nonfarm payrolls rose just 57,000 in June, well below the 110,000 forecast, while private payrolls increased 49,000. The unemployment rate unexpectedly fell to 4.2% from an expected 4.3%. Average hourly earnings matched forecasts, rising 0.3% m/m and 3.5% y/y, while labor force participation slipped to 61.5%. *Walter Bloomberg (@DeItaone) / Twitter · 07-02 21:30
U.S. JUNE NONFARM PAYROLLS +57,000 (CONSENSUS +110,000) *Walter Bloomberg (@DeItaone) / Twitter · 07-02 21:30
JUNE JOBS GROWTH SEEN SLOWING Economists expect the U.S. to add a median 115,000 jobs in June (forecast range: 25,000–130,000), down from 172,000 in May. The unemployment rate is expected to hold at 4.3%, while average hourly earnings are forecast to rise 0.3% m/m and 3.5% y/y. NFP forecasts: • Kalshi: 119K • Citi: 25K • TD Securities: 80K • Morgan Stanley: 90K • Wells Fargo: 95K • Barclays: 100K • Daiwa: 105K • Capital Economics: 110K • BofA: 110K • HSBC: 110K • JPMorgan: 125K • Goldman Sachs: 130K *Walter Bloomberg (@DeItaone) / Twitter · 07-02 20:48
IRAN SAYS IT WILL RESPOND TO US INTERVENTIONS IN HORMUZ: FARS *Walter Bloomberg (@DeItaone) / Twitter · 07-02 19:54
SENIOR ADMINISTRATION OFFICIAL: US DID NOT AGREE TO RENEW USMCA IN CURRENT FORM *Walter Bloomberg (@DeItaone) / Twitter · 07-02 01:53
Corona maker Constellation sees World Cup-fueled gatherings driving US beer demand Stock Market News · 07-02 01:00
US S&P JUNE MANUFACTURING PMI AT 53.9; PREV. 51.6 *Walter Bloomberg (@DeItaone) / Twitter · 07-01 22:45
SPOT GOLD EXTENDS GAINS AFTER FED CHAIR KEVIN WARSH'S COMMENTS, LAST UP NEARLY 2% AT $4,086.09/OZ *Walter Bloomberg (@DeItaone) / Twitter · 07-01 22:44
*META RISES 7.9%, LARGEST GAIN SINCE APRIL 8