Tuesday Watch

Today's Headlines

Bloomberg:        

• Biden Close to Rollback of Chinese Tariffs to "Fight Inflation".  
• South Korea’s Inflation Hits Fastest Pace Since 1998 Ahead of BOK Decision.  
• Inflation Expectations Hit Record in Bank of Canada Surveys.  
• Vital TSMC Supplier Warns of Chip Material Price Hikes Into 2023.  
• BOJ Is Likely to Raise Price Forecast, Ex-Chief Economist Says.  
• Lockdown Pain Fails to Break Elderly Vaccine Resistance in China.  
• UK’s Biggest Pawnbroker Sees Demand Soar Amid Living Cost Crisis.  
• ECB’s Nagel Warns Crisis-Tool Use Can Lead to ‘Dire Straits’.
  
• Ukraine Latest: Putin Gives Troops a Rest After Taking Key City.
  
• Shippers Still Willing to Touch Russian Crude Oil Are Cashing In.  
• Energy Firms in Canada Keep Spending Tight Despite High Prices.
  
• US Futures Advance Amid China Tariff Speculation: Markets Wrap.
• Oil Gains as Traders Grapple With Tight Supplies, Demand Cuts.
  
• Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone.  
• The Age of Peak TV Is Ending. An Age of Austerity Is Beginning.

Wall Street Journal:

• Demand for Chips Eases as Sales of PCs Slow.
• Glut of Goods at Target, Walmart Is a Boon for Liquidators.
• Germany Hit With First Trade Deficit in Over Three Decades.
• Ukraine War Lessons: You Can’t Hide, Weapons Stockpiles Are Essential.
• Why the Rush for Toddler Vaccines? Covid was clearly a health emergency for adults in 2020. By contrast, the urgency now feels political.
• Bidenomics 101. The President doesn’t appear to know anything about how the private economy works.
• Biden Has to Choose: Climate Change or Human Rights in China. Electric-car batteries and solar panels rely on raw materials produced with forced and child labor.
• A Rude Awakening Is Ahead for Young Employees. A recession will hand the bargaining power to their bosses.
• Coal Makes a Comeback as the World Thirsts for Energy.
• Venture Capital Feels the Stock Market’s Pain.
• China Imposes Fresh Restrictions as Covid-19 Cases Rise.

Fox News:

• 'Armed and dangerous' suspect sought in Illinois parade massacre has dark past on social media.
• Highland Park shooting person of interest description, name released after July 4 parade attack.
• Woke Hollywood elites rally social media protests against Independence Day.

CNBC:

• Tired of swiping left, singles are turning to new matchmaking services for dates.
• The G-7 is considering a price cap on Russian oil. But energy analysts think it’s impossible.
• Another crypto lender Vauld pauses withdrawals as market crash takes its toll.
• Americans hoping for European vacations this summer should prepare for one thing: Chaos.
• Bezos slams Biden’s call for gasoline stations to cut prices.

Zero Hedge:

• EU President 'Can't Find' Texts With Pfizer Chief Discussing COVID-19 Vaccine.
• Twitter 'Silenced' Physicians Who Posted Truthful Information About COVID, Lawsuit Alleges.
• Police Announce 22-Year-Old Suspect In Chicago Suburb Shooting That Left 6 Dead.
• Dutch Protesters Pour Manure On Government Offices Over Industry-Killing Regulations.
• Dear America, Happy Birthday, Kind Regards From The Brits.
• US stock index futures were lacklustre and US cash markets closed for the Independence Day. holiday - Newsquawk Asia-Pac Market Open.
• Biden's Job Approval Enters Marianas Trench.
• German Energy Giant In Talks Over €9 Billion Bailout Package.
• Declare Your Independence From Tyranny, America.
• Despite Opposition From His Closest Advisors And Supporters, Biden Expected To Roll Back China Tariffs As Soon As This Week.
• American Pride Hits New Low.
• White House Quiet As BBQ Inflation Roils Americans On July 4.
• 100-Year-Old Veteran Laments "This Is Not The Country We Fought For".
• Key Events This Week: All Eyes On Payrolls.
• Rabobank: Global Recession?
• Are US Weapons Supplied To Ukraine Ending Up On DarkNet Marketplaces?
• This 4th Of July: Requiem For Freedoms Long Gone?
• 'We The People' Need To Stand Up For Our Nation.
• Von Greyerz: This Implosion Will Be Fast... Hold On To Your Seats.

MarketWatch.com:              

• With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat.
  
• European natural gas prices surge as Norwegian outage adds to supply woes.
  
• German regulator warns of possible gas shortage; Hamburg may ration hot water..  
• Opinion: Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.

NewsMax:    

• Suspect ID'd, at Large After 6 Are Fatally Shot at July 4 Parade in a Chicago Suburb.
• Rep. Cloud: Border Situation an Invasion.

TheGatewayPundit.com:

• Judge Gives Go-Ahead to Dominion to Sue FOX, OAN Despite Recent Report that Identifies Massive System Vulnerabilities in Dominion Systems That May Have Been Previously Exploited.
• Mitt Romney Attacks Trump in Scathing July 4 Op-Ed, Praises Joe Biden as a ‘Genuinely Good Man’.
• ANOTHER BIDEN RECORD: Over 728 Migrants Died Crossing Open Border Into the US in 2021 (VIDEO).
• Chicago’s Extreme Gun Control Hasn’t Stopped 60 being Shot And 15 Dead This Weekend.
• In the End, It Will Be the Decision of the American People to Fight for our Constitutional Republic or Submit to Tyranny – The Time Is Now.
• White House Doubles Down and UNLOADS on Jeff Bezos Following his Criticism of Biden’s Cluelessness of Basic Market Dynamics.
• BREAKING: Danish Mall Shooter Identified – 22-Year-Old Noah Esbensen — He Posted Weird Gun Videos on YouTube On Saturday Before Shooting.
• Eat Bugs and Live in a Pod: South African Entrepreneur Says Caterpillars Are “A Healthier Option” Than Steak in Latest Push to Convince People to Eat Bugs.

The Epoch Times:

• Fight to Control COVID-19 Narrative Sees Intensified Persecution of Falun Gong in China: Nonprofit Director.
• How the Chinese Military Is Buying American AI Chips: Report.
• House Republicans Seek to Designate June a ‘Month of Life’ in Celebration of Supreme Court Ruling.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 835,062 Reports(+2,129 from prior week) Through June 24th, 2022.
  

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs). 
• COVID Money Tracker. Tracking the Covid response.
  

Night Trading

• Asian indices are unch. to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 146.25 +2.5 basis points.
• China Sovereign CDS 85.5 +.5 basis point.
• Bloomberg Emerging Markets Currency Index 50.3 +.03%.
• Bloomberg Global Risk-On/Risk Off Index 4,346.0 +78.0 points.
• Volatility Index(VIX) futures 28.3 -.8%. 
• Euro Stoxx 50 futures +.2%.
• S&P 500 futures +.50%.
• NASDAQ 100 futures +.74%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• None of note
  

After the Close:

• None of note
  

Economic Releases

10:00 am EST

• Factory Orders for May is estimated to rise +.5% versus a +.3% gain in April.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone PPI report, China Services PMI report, RBA Rate Sentiment and the Eurozone Services PMI report could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

Today's Headlines

Bloomberg:

• Germany’s Union Head Warns of Collapse of Entire Industries.
• Aggressive Interest Rate Hikes to Test Australian Consumer Might.  
• Australia Sees Commodities Boom Lifting Exports to Fresh Record.
• Ukraine Loses Its Final Eastern Stronghold in Luhansk Region.  
• Ukraine Latest: Kyiv Says Its Forces Withdraw From Lysychansk.
• Bruised Emerging Markets Are Battle-Ready for a US Recession.
• Long, Moderate and Painful: What Next US Recession May Look Like.
  
• Senate Democrat Urges Biden to Repeal Tariffs to Fight Inflation.
  
• Tether Fails to Calm Jittery Nerves With Short Sellers Circling.

Wall Street Journal:

• Americans Have Had It With Inflation.
• Bankers Brace for Lean Times After Deal Boom.
• Banks Get Burned by Risky Debt, Imperiling Buyout Activity.
• Celsius Customers Are Losing Hope for Their Frozen Crypto.
• Millennials Were Optimistic About Their Financial Future—but Now, Not So Much.
• Biden’s Raid on the Permian Basin. A new ozone decision would force less drilling in America’s most productive shale reserve.

Fox News:

• White House fires back after Bezos accuses Biden of 'misdirection' or ignorance over gas price tweet.
  
• 'NOT SURPRISING': Biden administration escalates Twitter spat with Bezos over gas price message.
• McEnany slams Biden official's remark on 'liberal world order': 'They're admitting it's intentional'.
• Dozens shot, at least 5 people killed, as violence erupts in big Democrat-run city.
• Former ESPN star says same LIV Golf 'outrage' should apply to NBA and China.

CNBC:

• How much money it takes to be considered wealthy in 12 major U.S. cities.
• It’s possible the Jan. 6 committee refers a criminal case against Trump, Liz Cheney says.
• Russia says its forces now have full control of east Ukraine region.
• Recession fears flare and June jobs report looms as jittery markets head into third quarter.
• More than 12,000 flights delayed, hundreds canceled during busy July Fourth weekend.
• German road traffic agency says 59,000 Tesla vehicles have software glitch.

Zero Hedge:

• Are You Willing To Suffer Through A Recession For The Good Of "The Liberal World Order"?
• Morgan Stanley: As The Recession Arrives, Will We See A Surge In Corporate Defaults.
• Home Price Cuts, Rising Inventories Are Ominous Signs Of Top.
• NY Governor To Require 3 Years Of Social Media History To Obtain Concealed Carry Permit.
• Oil Price Could Hit "Stratospheric" $380 If Russia Retaliates To G7 Oil Price Cap.
• "Misdirection" Or "Misunderstanding" - Bezos Blasts Biden Blaming Gas Station Owners For High Prices.
• Several Hit By Gunfire At Copenhagen Mall, Police Say.
• IEA: Global Nuclear Capacity Needs To Double To Meet Net-Zero Goals. 
• Amazon Cancels Or Delays Plans For At Least 16 Warehouses This Year.
• We Need To Declare Our Independence From The Federal Reserve.
• Several NYC Election Sites Had 'No Republican Ballots' During Last Week's Primary.
• Goldman's Permabullish Trader On The Verge Of Capitulating To The Bear Market.
• Leaked Documents Reveal Wide Scope Of China's Human Rights Violations In Xinjiang.
• 33 Problems With Media In One Chart.
• DeSantis Probe Of Human Traffickers Cleared By Florida Supreme Court.
• Singapore Brewery Launches New Beer Made From Recycled Sewage Water.
• Visualizing A Decade Of Population Growth And Decline In US Counties.

MarketWatch.com:       

• Recession fears are slamming the stock market. This GDP tracker explains why.  
• The cities where housing costs are poised to drop, according to one expert.
• Mark Zuckerberg issues dire economic warning to Facebook and other Meta employees.

NewsMax:

• Russia Claims to Have Taken Ukraine's Luhansk Region. 
• Rep. Smucker: America Has ‘Really Hard Times Ahead’.

TheGatewayPundit.com:

• Boom! Even Leftist Jeff Bezos Goes After Joe Biden for Spreading Lies and Not Understanding Cause of the Failing Economy. 
• Ilhan Omar Booed Off Stage at Somalia Independence Day Concert in Minneapolis (Video).
• Halsey Fans Walk Out Mid-Show After Controversial Pro-Abortion Speech in Arizona (VIDEO).
• 27-Year-Old Engineer Dies After Developing Blood Clot on Brain Following Covid Vaccine.
• BREAKING: Internal Memo Reveals Capitol Police Were Warned BLM from Baltimore Was Bussing in Rioters Disguised as Trump Supporters on Jan. 6.
• Biden And His G7 Fraternity Threaten To Devastate The World’s Economy – Analysts Warn Oil Prices Could Jump to $380 a Barrel.
• Bobby Kennedy’s Children’s Health Defense Aligns with Military Personnel Refusing to Take Experimental Vaccines.
• China and Billionaire Bill Gates Just Purchased Huge Parcels of Farmland in North Dakota Near US Air Base – Why Is That?
• Vocal Trump-Hater and America-Basher Megan Rapinoe to Receive the Presidential Medal of Freedom from Joe Biden.
• *Peer Reviewed* Study Finds YOUNG Moderna Jab Recipients Have a Jaw-Dropping 44X HIGHER Risk of Developing Myocarditis Than the Unvaccinated.
• Get Woke, Go Broke: Fresh Off “Lightyear” Trainwreck, Disney-Owned Marvel Announces Creation of New “Gay Spider-Man” With a “Fearlessly Femme Identity”.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 835,062 Reports(+2,129 from prior week) Through June 24th, 2022. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).

Today's Headlines

Bloomberg:    

• There’s No Escaping Soaring Food Prices for UK Shoppers.
• Mexico’s Largest Refinery Is Now Open. It’s Just Not Making Any Fuel.   
• Hong Kong Stock Market Sees Uncertain Future as China Sway Grows.
  
• Germany Risks a Cascade of Utility Failures, Economy Chief Says.
  
• Recession Unease Sends Pound Crashing to Worst Quarter Since ‘08.
  
• The Great European Energy Market Bailout Is Only Getting Started.
• World’s 6th Biggest Economy Hit By EM Investor Exodus.
• JPMorgan’s Aronov Ignores the ‘Cash Is Trash’ Chorus: Q&A.    
• Surprise Tropical Storm Colin Brings Rain to South Carolina.
• The Worst Stock Selloff In Half a Century Might Not Be Done Yet.
• MicroStrategy’s Bitcoin Holdings Take a Record $3.4 Billion Hit.  
• US Jobs Report Seen Showing Resilient Labor Demand: Eco Week.  
• Charting the Global Economy: Factories Slow Down From US to Asia.

Wall Street Journal:

• Markets Had a Bad First Half of 2022. It Can Get Worse.
• Tesla Vehicle Deliveries Tumble After China Factory Shutdown.
• Biden Administration Weighs Move to Trim Mortgage Costs.
• Crypto’s Domino Effect Is Widening.
• A Warning From Australia’s Power Crisis. Green mandates cause shortages, as Canberra takes over the electricity market.

Barron's:

• Had bullish commentary on (IJR), (CHWY) and (AAP).
• Had bearish commentary on (AAPL), (CSCO), (HPE), (AKAM), (ANET) and (HPQ).

Fox News:

• Prominent liberals on Twitter and pundits renounce Independence Day: 'Burn country to godd--- ground'.
• TRUE COLORS: Democrats promote 'f--- the 4th' event as Americans celebrate holiday.
• Multiple people dead after car plows into fireworks stand in 'major crash scene'.

CNBC:

• Bitcoin just had its worst quarter in more than a decade. Here are 5 reasons why.
• Russia’s messages with missiles tell West to back off.

Zero Hedge:

• Rep. Stefanik Introduces Bill To Prevent Adversaries' Control Over US Agriculture Industry
• Mystery Surrounds Intensifying 'Earthquake Swarm' Shaking South Carolina.
• California Gives Free Healthcare To Illegal Immigrants.
• Some Cities Cancel July 4 Fireworks Because Of Shortages And Fire Concerns 
• 86% Of Recent Student Loan Borrowers Banked On Biden Bailout.
• How Public Pensions Turn Cities Into Unlivable Hellholes.
• CNN's New Boss Fails To Halt Plummeting Ratings.
• Several NYC Election Sites Had 'No Republican Ballots' During Last Week's Primary.
• Over 400,000 High-Priority Incidents In Chicago In 2021 Had 'No Police Available To Send', New Data Shows.
• SCOTUS To Hear Case That Could Give State Legislatures, Not Judges, Power to Regulate Elections.
• Tesla Delivered Only 254,695 Vehicles For Q2, But Posted A Record Production Month In June. 
• Recession Risks. Are They Already Priced In?
• Bill Gates Granted Authority To Buy 2100 More Acres Of North Dakota Farmland.
• Delta Offered $10,000 To Flyers Willing To Give Up Seats On Oversold Flight.
• Russia Now Demands Rubles For Grain As World's Largest Wheat Exporter.
• Anatomy Of A Bear Market: Even The Fed Can't Rescue Market If Earnings Tank.
• Some MOVEs are "unstoppable"...
• Author Matt Palumbo Lays Out How George Soros Has Significant Control Over Media Narratives.
• The Insufferable Arrogance Of The Constantly Wrong.

MarketWatch.com:     

• These dividend stocks yield at least 5% and have plenty of room to raise payouts.
  
• This veteran money manager has seen it all. And these 19 dividend stocks pass his rigorous quality screen right now.

NewsMax:

• Germans Warned on Natural Gas Shortage Due to Russia.
• Rep. Mullin: Biden 'Trying to Finish' Obama Fossil Fuel Attack.
• Rep. Tenney: Hearings Attempting to Destroy Trump in '24.

TheGatewayPundit.com:

• Biden Blocks Offshore Drilling, Limiting Oil Production After Begging Oil Companies To Produce More and Attacking Gas Stations. 
• HERE THEY ARE: “Surprise Witness” Cassidy Hutchinson’s NINE Confirmed Lies from Her Debunked Congressional Testimony Against Trump.
• July 4th Weekend “Airmageddon”: 600 Flights Canceled, 2800 Are Delayed as of Saturday Afternoon.
• It’s All Going Woke As The National Archives Says The U.S. Constitution Has ‘Harmful Language’.
• No Federal Training for 40,000 Unvaccinated Members of the Army National Guard After Deadline – May Face Possible Expulsion.
• It’s Official: Gender Fluid Drag Queen Into Kinks Related to Animal Role-Playing Now Serves in Biden’s Energy Department’s Office of Nuclear Energy.
• Pima County Arizona Democratic Party: “F*ck the 4th”.
• Bank of America Issues Chilling Forecast: No GDP Growth.
• White Failed CNN Host Says Clarence Thomas Isn’t Truly Black Because He Doesn’t Go to NBA Games.
• Liberals Mad At DeSantis Again: This Time For Making Sure Florida Teaches Real American History.
• Biden’s Supply Chain Failures Are Impacting America’s Pets.
• Fireworks Shows Cancelled or Rescheduled Across Country – Biden Cancels Mount Rushmore Fireworks Again.
• Biden Gives Away More Of Your Money To The Proxy War In Ukraine, Nearly $63 Billion Now.
• Another Raffensperger Special! — Emerald Robinson on Mark Zuckerberg’s Political Operative’s Unbelievable Victory in the Colorado GOP Secretary of State Primary.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 835,062 Reports(+2,129 from prior week) Through June 24th, 2022. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).

Evening Headlines

Bloomberg:

• JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut.
• Rattled Stock Bulls Keep Paying Punishing Price for Hopefulness.
• El-Erian Says Receding Liquidity Is Biggest Risk to Markets.  
• Crypto’s Brutal Week Ends With a Trading Halt and a Bailout.
• Oil Ekes Out a Weekly Gain Amid Libya and Ecuador Export Woes.
  
• Meta to Shut Down Novi Service in September in Crypto Winter.  
• Chipmakers’ Struggles Have Wall Street Worried About a Recession.  
• Startups to Face ‘Hard Times’ After Market’s Plunge, Gao Says.  
• Toronto-Dominion Bank Explores Takeover of US Brokerage Cowen.  
• Home Sellers Are Slashing Prices in Sudden Halt to Pandemic Boom.  
• Car Sales in the US Slow on Rising Sticker Prices and Scant Supplies.  
• JPMorgan Cuts US Economic Growth Forecasts ‘Perilously Close’ to Recession.

Wall Street Journal:

• Airport Delays, Cancellations Build as Holiday Weekend Starts.
• Killing the Filibuster Is on the Ballot. If the Senate’s 60-vote rule goes for abortion, it goes for everything.
• McDonald’s Dollar Drinks Fade in the Face of Inflation.

Fox News:

• Democrats spark outrage on social media with explicit tweet about 'mourning' on America's birthday.
• US may soon have new murder capital as crime plagues Democrat-run cities.
• Gutfeld: Biden official's 'liberal world order' remark one of the biggest reveals.
  

CNBC:

• Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession.
• Google says it will delete location history for visits to abortion clinics.
• A massive pile-up of car, furniture exports bound for U.S. is spreading across European ports.
• Major crypto broker Voyager Digital suspends all trading, deposits and withdrawals.
• How inflation will affect Apple.
• TikTok tells U.S. senators it’s working to stop user data from being accessible to Chinese employees.

Zero Hedge:

• Welcome To The Biden Recession.
• Friday Humor: Babylon Bee Exposes "100% True Facts" About Scary Guns.
• Press Corps Blasts "Continued Efforts To Limit Access To The President" By The White House.
• "It Is Very Serious": War And Weather Threaten To Send Food Prices Even Higher.
• DucDucLow: US Oil Drillers Are Running Out Of Spare Wells.
• California Trucking Prepares For "Radically New World" Under Independent Contractor Law AB5.
• JPM Warns US "Perilously Close To Recession" As Atlanta Fed Slashes Q2 GDP To -2.1%.
• "Worst Start Since 1788": A Closer Look At The Catastrophic First Half Performance.
• Flight Delay Chaos Begins As Delta Pilots Warn Of "Perfect Storm".
• Apple Top Insider Trading Lawyer Pleads Guilty To Insider Trading.
• Putin & Modi Hold Warm Phone Call As India Gorges On Cheap Russian Oil.
• Official Cause Of Death Confirmed for 3 Americans Found Dead At Bahamas Resort.
• Biden Admin Halts 2nd Largest US LNG Plant From Restarting Operations After Blast.
• New Disney Show Accused Of Indoctrinating Kids To Think That Men, Too, Can Get A Period.
• AOC Accuses Supreme Court Of A "Coup" And Calls For It To Be "Done Away With".
• Growth concerns linger into long-weekend after soft ISM, but stocks rally anyway - Newsquawk US Market Wrap.
• Inflation 'Off', Recession 'On': Stocks Purged As Bonds & The Dollar Surged.

MarketWatch.com:         

• The Dow booked its worst first half since 1962. What history says about the path ahead this year.  
• First Wall Street bank to call a U.S. recession now sees chance that inflation fails to decelerate.

NewsMax:

• Rep. Buck: Dems Use Abortion as Distraction.

TheGatewayPundit.com:

• Travel Hell: Hundreds of Flights Cancelled Across US as Industry Braces For July 4 “Airmageddon”.
• BOMBSHELL: Recent Conference Uncovered Between Government Entities (FBI, DOJ, CISA, and EAC) with Liberal Groups (ERIC, CTCL and Elections Group) and Corporations Like Microsoft – What’s Going On?
• Pima County Arizona Democratic Party: “F*ck the 4th”.
• “One of Worst Downturns in Recent History” – Zuckerberg Tells Employees He’s “Turning Up the Heat” as Facebook Braces For Massive Layoffs Amid “One of the Worst Economic Downturns in Recent History”.
• Biden Hits New Poll Lows: Gallup: 87 Percent Wrong Track; CIVIQS: 31 Percent Approval; Independents: 19 Percent Approval; Emerson: Trump Beating Biden by Five.
• Here We Go: NIH Begins Testing Phase I Clinical Trial of Universal Flu Vaccine.
• They’re Not Laughing Now: Wood-burning Stoves and Firewood in Short Supply in Germany as Citizens Fear Freezing to Death Due to Gas Shortages.
• This Is Your Future Under the “Liberal World Order” — Gas and Food Prices Soar Under Joe Biden and The Regime Admits It’s on Purpose.

The Epoch Times:

• Chinese Stock Markets Plunge as Xi Calls for Sticking to ‘Zero-COVID’ Policy.
• Peter Thiel’s New Venture Aims to Lure Companies Away From Environmental Justice Activism.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 835,062 Reports(+3,252 from prior week) Through June 17th, 2022. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).