Friday's News Links

[Reuters] Wall St. slips as Iran tensions rise

[Reuters] Iran-U.S. tensions take the edge off world stocks rally

[Reuters] Treasuries - U.S. prices retreat after steep gains, but bias still for lower yields

[CNBC] Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years

[Reuters] U.S. existing home sales rise, boosted by lower rates

[MarketWatch] Manufacturing, services PMI slump to multi-year lows in June

[MSN/NYT] Trump Approves Strikes on Iran, but Then Abruptly Pulls Back

[Reuters] China's bank turmoil locks in moral hazard

[Reuters] Clarida: Outlook is for continued U.S. expansion, but Fed prepared to act

[CNBC] A Fed president explained why he was the lone member who wanted an ‘insurance’ cut this week

[CNBC] Giant explosion rocks largest refinery complex on the East Coast, sends gasoline prices higher

[Reuters] Dashboard of a downturn: global recession signals

[AP] US-registered planes barred over Mideast areas amid tensions

[SCMP] US Runs Risk of Backfire with Trade War Tariffs, Chinese Banking Chief Warns

[Reuters] Black-clad protesters demand full withdrawal of Hong Kong extradition bill

[AP] Pig disease spreading in Asia as nations struggle to stop it

[Bloomberg] King Dollar's Reign May Be Ending as Fed Debates a U-Turn

[Bloomberg] China Is Missing Out on Huge Bond Rally Taking Off Globally

[Bloomberg] China Looks for a Savior in the Shadows

[Bloomberg] Draghi Wins EU Standing Ovation as He Urges Looser Purse Strings

[WSJ] U.S. and Iran Move Closer to Military Conflict After Downing of Drone

[WSJ] Faltering Factories Cast a Dark Cloud Over the Global Economy

[FT] Global equity funds swell as Federal Reserve takes dovish stance

Thursday Evening Links

[Reuters] Risks to Wall Street's rally abound despite record high

[Reuters] Gold hits near 6-year high after Fed signals rate cut

[Reuters] Fed rate-cut hints power S&P 500 to all-time high

[Reuters] Oil jumps 5% on Iran tension, potential U.S. fed rate cut

[AP] Trump suggests Iran's shootdown of drone was accidental

[Reuters] U.S. labor market on solid ground; manufacturing struggling

[Reuters] U.S. redoubles sanctions threat over S-400 as Erdogan vows retaliation

[Reuters] Trump on Fed's Powell: 'You can't win 'em all'

[WSJ] Gold Surges to Highest Price Since 2013 After Fed Hints at Rate Cut

[FT] The question is not whether the Fed will cut rates but why