🚨🚨 US non-farm payrolls increased by 206,000 in June, slightly lower than the previous month's 272,000. The unemployment rate remains at 4.1%.

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JUST IN: Money market funds just hit a new record of $6.15 trillion.

$51.2 billion flowed to these funds in the week ending July 2nd, the largest amount in 3 months. Since the Fed began hiking rates in March 2022, ~$1.6 trillion has flowed into money market funds.

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🚨🚨 Germany 🇩🇪 has blocked the sale of a #Volkswagen subsidiary to China 🇨🇳 on national security grounds.

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🚨🚨🚨 BREAKING: Biden 🇺🇸 is reportedly experiencing a medical emergency on Air Force One.

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🇺🇸 FED'S WILLIAMS: THERE IS STILL A WAY TO GO TO REACH 2% INFLATION TARGET ON A SUSTAINED BASIS

🇺🇸 FED'S WILLIAMS: ECONOMY IS DOING REMARKABLY WELL

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🇺🇸 FED WARNS THAT VALUATIONS ARE HIGH RELATIVE TO FUNDAMENTALS IN MAJOR ASSET CLASSES

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🚨🚨 JUST IN: 🇬🇧 Brexit has accelerated immigration to 3x higher.

Almost ALL UK immigration now comes from non-EU countries, while Europeans continue to leave the UK.

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🚨🚨🚨 BREAKING: NBC News reports that 'more than half a dozen Democrats in Congress' described President Biden's 🇺🇸 political situation in stark terms including “heartbroken,” “doomed” and a “f-----g disaster'.

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🇺🇸 More evidence of a slowing US economy:

US services activity contracted in June at the fastest pace since the 2020 pandemic.

The ISM services PMI index fell by 5 points to 48.8, missing expectations of 52.5 points.

This was primarily driven by an 11.6 point decline in the business activity index to its lowest since level April 2020.

In the past 30 years, such a service activity drop happened only during recessions.

Furthermore, new orders shrunk for the first time since 2022.

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🇺🇸 House Democrats and Republicans may come together next week to overturn President Joe Biden's veto on crypto legislation SAB 121

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