Saturday's News Links

[Reuters] Heat wave disrupts Fourth of July events across US, strains power grids

[Axios] What America gets right

[AP] Fireworks, heat and politics: America celebrates its 250th birthday

[Reuters] Trump extols America, rails at communism in US 250th celebration 

[Yahoo/Reuters] Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%

[Yahoo/Bloomberg] Oil’s Stunning Reversal Rekindles Fears of a Global Glut

[Bloomberg] Iran’s Envoy to China Says Beijing to Get Hormuz Concessions

[Bloomberg] Oil Terminal in Russia’s St. Petersburg Comes Under Attack

[WSJ] Massive Crowds Gather in Tehran for Khamenei’s Six-Day Funeral

[FT] Trump uses Mount Rushmore speech to warn of ‘communist menace’ in US