Have a fun day
Indications
Nickel 3 month $7.822
Cash Last $7.736
Euro 1.146
Yen 162.16
gold $4040.58
silver $56.77
Copper LME $6.155
Copper Comex $6.338
Cobalt $ 27.50-30.00
Zinc $ 1.63
Tin $ 23.96
Crude $79.37 down 1.25%
Dow Jones up .29%
FTSE 100 down .30%
Dax down .93%
Hang Seng up 1.33%
Nikkei down 2.79%
U.S. Dollar index 100.57 up .08%
Quote of the Day
The government solution to a problem is usually as bad as the problem.— Milton Friedman
Word of the Day
Dormancy: another word for sleeping
Trivia
Can you really see the Great Wall of China from space?
Answer: at bottom of page under good read.
News of Interest
US stock markets close up (S&P 500 +0.4%, Dow +0.3%, Nasdaq +0.6%); Apple shares hit record high after report on the iPhone maker gaining approval to launch generative AI features in China (More)
💨 Canadian wildfire smoke is an unwelcome US visitor. Smoke from wildfires burning in Canada spread across the US’ Midwest, Northeast, and mid-Atlantic yesterday, and is expected to stick around, creating unhealthy air quality conditions through tomorrow. The smoke has already turned New York City hazy and prompted evacuations of campers in Minnesota. And with a heat dome bringing unusually high temperatures, there’s little wind to help get rid of the smoke. Experts recommend people in affected areas stay indoors to avoid both the heat and smoky air.
🇮🇷 The US continues strikes after Iran threatens to block more oil transport routes. With tensions over the Strait of Hormuz continuing to escalate and the US reimposing its blockade of Iranian ships, the US launched another round of attacks on Iran yesterday in an effort to degrade its military’s ability to attack commercial ships in the waterway. Earlier in the day, Iran’s Revolutionary Guard said the US should expect “other oil and gas export routes that serve the interests of the United States and its allies to be closed as well.”
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🚔 ICE orders agents to halt all vehicle stops. Following fatal shootings in Maine and Texas, ICE directed agents nationwide to cease pulling over vehicles. The policy hamstrings enforcement, as a high percentage of apprehensions occur during vehicle stops — though a senior ICE source said the policy is temporary. |
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📉 Confidence in higher education plummets. A new Gallup poll shows just 38 percent of Americans have strong confidence in colleges, down from 42 percent last year. 31 percent cite partisan indoctrination as their top complaint, 30 percent point to sky-high costs, and 25 percent say schools fail to prepare students for real jobs. |
Nickel & Related Metal News
Nickel jumped about $.20 this morning. I have not seen any news explaning the jump.
Good Read
Answer to today's trivia question: No