It's getting tougher to glean a clear picture of the US labor market. Here's a new survey showing that the share of US small businesses planning new hires or trying to fill jobs fell to a six-year low in May: National Federation of Independent Business. (1/2)
@ElliotKaufman6@hpmcd1 And all still very aspirational. Impressive tactical performance without a realistic strategic follow-through. Thinking they could repeat the 2024 approach against Hezbollah with a stronger effect.
NEW: Oil execs are warning the Trump admin a bigger oil price shock could be weeks away.
Industry leaders have been telling officials that tight inventories could leave markets vulnerable if Hormuz stays closed.
My latest w/ @bjlefebvre for @politico: https://t.co/eljvNvByzC
A source close to IAEA says there have been no observable activities (by satellite imagery so at surface level) at the Iranian nuclear sites bombed last year in recent months.
In 2025, only 21% of Americans experienced growth in their emergency savings.
That trend will likely get worse this year as inflation eats into disposable income.
My @Morning_Joe Chart.
Iran's Foreign Minister Abbas Araghchi spoke on the phone with Hamas leader in Gaza Khalil Al-Hayya, Iran's State TV reports. Al-Hayya thanked Iran for its support for Hamas and for Tehran's demand for an end to the war on all fronts in the region, including the Gaza Strip.
The U.S. savings rate has fallen by more than half in 2 years.
That makes millions of Americans vulnerable to shocks like the Iran War.
My @Morning_Joe Chart.
UPDATE
• Hezbollah noncommittal to ceasefire
• Video shows Lebanon army entering a town as Israel leaves. Strikes continue
• Kuwait releases footage of airport hit
• Trump not interested in resuming war
• House rebukes Trump
• Oil prices ↘️ 3% https://t.co/x7kaQVa6gH
A U.S. Sailor stands watch aboard USS McFaul (DDG 74) while the ship continues to support the U.S. blockade against Iran. As of June 4, U.S. forces have redirected 127 commercial vessels, disabled 6 non-compliant ships, and allowed 36 vessels supporting humanitarian aid to pass.
Why I call the below the most important story in markets / geopolitics?
1) without China importing far less, oil would be way, way above $100
2) Fed would be forced to hike rates, crashing Wall Street
3) President Trump would be against the clock in negotiations with Iran
401(k) hardship withdrawals are rare, but they spike when Americans’ saving and income don’t cover their expenses.
Since 2020, Vanguard data shows they have more than tripled.
My @Morning_Joe Chart.
More likely, imo, is a trade off: Iran will have greater influence over a vital trade route, and the U.S. less. But Iran will be disrupted internally. How it adapts to that will likely decide what the end point of this story is.
Condi Rice: "The war against Iran has been a limited war, and its outcome is likely to be inconclusive. But it has achieved enough to produce a far better Middle East." https://t.co/JbUxdpJfw6
'It does seem unlikely the Gulf Arabs would carry out unilateral airstrikes against the Iranians, even in reaction to provocations like this'
@Ryan_Bohl with @_BiancaZanini on #MiddleEastNow
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Most Americans still favor legal same-sex marriage, but support has fallen to 65% today, down six percentage points from its 2022-2023 peak.
Meanwhile, 62% say gay or lesbian relations are morally acceptable, the lowest level since 2016. And the percentage who consider changing one's gender morally acceptable has fallen eight points since 2021, to 38%.