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Starlink: Starlink Mobile is providing free internet access to Movistar customers in the La Guaira region of Venezuela. Efforts are underway to provide free service to Digitel and Movilnet users as soon as possible.On June 28, local time, the Israel Defense Forces (IDF) issued a statement saying that IDF Chief of Staff Zamir, during a visit to the IDF Northern Command, formally approved plans to continue military operations in the "safe zone" of southern Lebanon, in accordance with the ceasefire agreement. Zamir stated that the IDFs 36th Division and assault brigade are currently maintaining operational control over the Beaufort Heights area and are equipped with all the tools and capabilities needed to weaken the enemy. Zamir stated that the Northern Commands area of responsibility is now the IDFs "main operational focus." The IDF is fully prepared to "rapidly resume offensive operations in Lebanon and Iran" should the need arise. Zamir stated that the agreement signed with the Lebanese government is historic and of great significance. He reiterated that the IDF will abide by the agreement but emphasized that "the test now lies in the actions of both sides, and the coming period will shape the future."US House Speaker Johnson: The housing bill will be submitted to President Trump on Monday.June 28 – The U.S. Ambassador to the United Nations stated that our actions will continue as needed to destroy Iranian infrastructure used to control the Strait of Hormuz. If Iran believes Trump will stand idly by while he attacks shipping and our bases, it is mistaken. Iran must either choose to be a responsible nation or continue down a path of destruction.On June 28, local time, Russian President Vladimir Putin stated at the United Russia party congress that Russia is currently at a critical juncture. The West cannot defeat Russia on the battlefield and therefore attempts to destabilize Russias domestic situation will ultimately fail. Russia will firmly defend its fundamental interests. Putin stated that Russia has adjusted some development goals according to the actual situation, but all strategic plans will be fully realized. The security of the country and its citizens, as well as the inviolability of Russias borders, will be guaranteed. Putin stated that the State Duma (lower house of parliament) elections will be held strictly in accordance with the law within the established timeframe. He will instruct relevant departments to take measures to ensure the safe conduct of the elections and prevent attempts at external manipulation.

Increases in Dow Futures and Inflation Concerns

Charlie Brooks

Jul 15, 2022 10:28

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Futures for U.S. equities were trading higher on Thursday evening, as key benchmark averages ended the regular session in a mixed way amid stronger-than-expected producer price data and disappointing profit reports from major banking institutions.


Dow Jones Futures increased 0.2 percent by 7:00 p.m. ET (11:00 p.m. GMT), while S&P 500 Futures and Nasdaq 100 Futures both rose 0.3 percent.


In extended trading, Pinterest Inc (NYSE:PINS) shares surged 15.8 percent following a Wall Street Journal article revealed Elliott Management's 9 percent stake.


Prior to the end of the day, investors will focus on June's retail sales, import and export prices, the June industrial production report, and preliminary July consumer sentiment data. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to deliver their quarterly earnings results in the interim.


During Thursday's usual trading day, the Dow Jones Industrial Average fell 142.6 points, or 0.5 percent, to 30,630.2, the S&P 500 fell 11.4 points, or 0.3 percent, to 3,790.4, and the NASDAQ Composite increased just 3.6 points to 11,112.1.


Morgan Stanley (NYSE:MS) declined 0.4% after reporting Q2 EPS of $1.44 vs $1.57 forecasted and sales of $13.13 billion versus $13.39 forecasted.


JPMorgan Chase & Co (NYSE:JPM) fell 3.5 percent after announcing Q2 earnings per share of $2.76 compared to $2.94 forecasted and revenue of $30.72 billion compared to $31.84 forecasted.


In terms of data, producer prices increased by 11,3 percent year-over-year in June as energy prices jumped, adding to concerns of rapid rate hikes after the CPI result surpassed expectations in the previous session.


On the bond markets, the 10-Year United States interest rate was 2.958%.


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