Thursday Evening Links

[CNBC] Stock futures are flat after S&P 500, Nasdaq rally to new closing records: Live updates

[AP] White House escalates pressure campaign on Fed chair by targeting its headquarters renovation

[CNBC] White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

[Yahoo/Bloomberg] All Eyes on Bolsonaro With Lula, Trump Locked in Trade Fight

[Yahoo/Reuters] White House slams Powell over Fed finances, project cost overruns

[Yahoo/Bloomberg] Bessent Says Trump and Soros Have Something in Common: Impatience

[Yahoo/Reuters] Trump tariff on Brazilian goods could jack up US burger price

[Bloomberg] White House’s Vought Pressures Powell Over Fed Renovation

[Bloomberg] LA Fires ‘Fundamentally Changed’ the Region’s Real Estate Market, Agents Say

[Bloomberg] JPMorgan’s Oksana Aronov Sees More Junk Firms Struggling to Repay Debts

[NYT] Targeting Brazil, Trump Tests Legal Limit of His Tariff Powers

[NYT] Looming Copper Tariffs Leave Companies Scrambling: ‘Prices Will Go Up’

[WSJ] Trump’s Tariffs Blow Up the Copper Market

[FT] White House opens new front in attack on Fed chief Jay Powell

Thursday Afternoon Links

[AP] Wall Street is mostly higher and airlines surge on a stronger outlook from Delta 

[Yahoo/Reuters] Red Sea insurance soars after deadly Houthi ship attacks

[Bloomberg] Electric Bills in US Set to Rise as Utility Requests for Rate Hikes Double 

[Bloomberg] Fed’s Musalem Says It’s Too Soon to Know Tariffs’ Impact on Inflation

[Reuters] Fed's Waller sees some ways to go in shrinking central bank's holdings

[Bloomberg] CLOs Attract Domestic, Foreign Banks, Pushing Up Loan Prices

[Bloomberg] US Sees 33% Drop in Car Trips by Canadians as Summer Travel Starts

[Bloomberg] BOE’s Breeden Warns G-7 Bond Prices at Risk from Climate Change

[Bloomberg] Private Credit Firms Pitch More Leverage to Win Over Deals

[NYT] Trump’s Push for Influence Over Fed Decisions May Hobble Next Chair

[WSJ] Trump’s Tariff Assault on Brazil Thrills Bolsonaro’s Supporters

[WSJ] Two Ships Desperately Tried to Fight Off Houthi Attacks. Help Never Arrived.

[WSJ] A Flash Flood of Failures in Texas

[FT] Russia is digging in for the long haul in Ukraine