UNITED AIRLINES Q2: REVENUE $17.70B (EST $17.62B); NET INCOME $805 MLN; EPS $2.46; ADJ EPS $1.99 (EST $1.88); FY ADJ EPS OUTLOOK $9-$11; Q3 ADJ EPS OUTLOOK $2.50-$3.50
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UNITED AIRLINES WARNED THAT HIGHER JET FUEL PRICES COULD ADD NEARLY $6 BILLION TO ITS 2026 FUEL COSTS, BUT EXPECTS TO RECOVER MOST OF THE IMPACT THROUGH PRICING BY YEAR-END.

THE AIRLINE INTRODUCED A NEW FUEL-BASED GUIDANCE POLICY, MAINTAINED STRONG LIQUIDITY OF $19.6 BILLION, AND EXPECTS REVENUE GROWTH TO IMPROVE IN BOTH Q3 AND Q4 2026.
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GE AEROSPACE AND UK EXPORT FINANCE LAUNCH NEW FINANCING SOLUTION FOR REGIONAL UK SHOP VISITS; UK EXPORT FINANCE TO SUPPORT $1B IN FINANCING OVER NEXT FIVE YEARS - SOURCES
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TRUMP: WILL PURCHASE SHIPS MANUFACTURED OUTSIDE THE REGION; EXPECTS OIL TO REACH $55/BBL WHEN IRAN SETTLES DOWN
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TRUMP: GENERAL DYNAMICS IS MOVING TOO SLOWLY; U.S. NEEDS TO PRODUCE SUBMARINES FASTER
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TRX GOLD Q3: REVENUE $32.9 MLN; GROSS PROFIT $19.5 MLN; GROSS MARGIN 59%; ADJ EBITDA $26.8 MLN; OPERATING CASH FLOW $8.8 MLN
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STOCKS, BONDS GAIN AS SOFT INFLATION EASES FED HIKE CONCERNS

• U.S. STOCKS AND TREASURIES ROSE AFTER SOFTER-THAN-EXPECTED PPI DATA REDUCED EXPECTATIONS OF NEAR-TERM FED RATE HIKES

• CORE PPI ROSE 4.7% YoY, BELOW FORECASTS, AS LOWER ENERGY COSTS HELPED CONTAIN INFLATION PRESSURES

• MONEY MARKETS CONTINUED TO PRICE IN ONE FED RATE HIKE THIS YEAR, BUT NOT BEFORE DECEMBER

• THE S&P 500 ROSE 0.4% FOR A SECOND STRAIGHT SESSION, WHILE CHIPMAKER SHARES FELL 2.1% AMID AI SECTOR PRESSURE

• FED CHAIR KEVIN WARSH SAID PRESIDENT TRUMP HAS NOT ATTEMPTED TO INFLUENCE MONETARY POLICY AND REAFFIRMED THE FED'S INDEPENDENCE

• THE FED'S BEIGE BOOK SHOWED U.S. ECONOMIC ACTIVITY EXPANDED AT A SLIGHT TO MODERATE PACE, WITH MODEST PRICE INCREASES LINKED TO THE MIDDLE EAST CONFLICT AND TARIFFS

• OIL PRICES REMAINED ELEVATED, WITH WTI RISING TO ABOVE $80 A BARREL, AS THE U.S.-IRAN CONFLICT CONTINUED TO THREATEN SHIPPING THROUGH THE STRAIT OF HORMUZ

• CORPORATE HIGHLIGHTS INCLUDED APPLE RECEIVING APPROVAL FOR APPLE INTELLIGENCE IN CHINA, ANTHROPIC PREPARING FOR A POTENTIAL IPO, BLACKROCK REACHING A RECORD $15.3 TRILLION IN ASSETS, AND PAYPAL REVIEWING STRATEGIC OPTIONS AMID REPORTED TAKEOVER INTEREST
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TURKISH PRESIDENT ERDOGAN: TURKEY WILL CONTINUE TO SUPPORT THE OPPRESSED FROM GAZA TO LEBANON, SOMALIA TO SYRIA AND BEYOND; STATES THE WORLD'S EYES ARE ON TURKEY TODAY AS BEIRUT, DAMASCUS, ALEPPO AND OTHERS WATCH; DECLARES THE OPPRESSED FROM THE MIDDLE EAST TO THE BALKANS AND AFRICA LOOK TO TURKEY WITH GREAT HOPE
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U.S. JD VANCE: UNLESS YOUNG AMERICANS ARE ALLOWED TO OWN SOMETHING, SOCIALISM IS THE INEVITABLE OUTCOME - JOE ROGAN EXPERIENCE
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U.S. JD VANCE: EXTRATERRESTRIAL LIFE AND ANGELS AND DEMONS COULD BE TWO ENTIRELY SEPARATE PHENOMENA THAT BOTH EXIST - JOE ROGAN EXPERIENCE
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U.S. JD VANCE: IF A HUMAN ENCOUNTERS A MALICIOUS GHOST, THEY MIGHT PERCEIVE IT AS A DEMON - JOE ROGAN EXPERIENCE
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U.S. JD VANCE: AI WILL UNLEASH ENORMOUS WEALTH CREATION BUT IF BENEFITS ARE CONCENTRATED AMONG A SELECT FEW THE INEVITABLE OUTCOME IS COMMUNISM; WARNS THE WORLD HAS RUN THIS EXPERIMENT BEFORE AND KNOWS HOW IT ENDS - JOE ROGAN EXPERIENCE
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U.S. JD VANCE ON IRAN: U.S. WILL NOT SIMPLY ENGAGE IN ENDLESS BOMBING - JOE ROGAN EXPERIENCE
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U.S. JD VANCE: ISRAEL IS LOSING THE PUBLIC OPINION BATTLE IN THE UNITED STATES; NOTES TRUMP HAS STATED THIS PUBLICLY AS A SIMPLE AND OBVIOUS FACT - JOE ROGAN EXPERIENCEU.S. JD VANCE ON IRAN: QUESTIONS HOW IT SERVES U.S. INTERESTS TO HAVE 94 MILLION DESPERATE PEOPLE FLOODING INTO EUROPE AND AMERICA AND TERRORIST INFRASTRUCTURE SPREADING GLOBALLY; WARNS THE WORLD HAS RUN THIS EXPERIMENT BEFORE - JOE ROGAN EXPERIENCE
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U.S. JD VANCE ON IRAN: QUESTIONS HOW IT SERVES U.S. INTERESTS TO HAVE 94 MILLION DESPERATE PEOPLE FLOODING INTO EUROPE AND AMERICA AND TERRORIST INFRASTRUCTURE SPREADING GLOBALLY; WARNS THE WORLD HAS RUN THIS EXPERIMENT BEFORE - JOE ROGAN EXPERIENCE
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U.S. JD VANCE ADMITS U.S. MISHANDLED THE EPSTEIN FILE RELEASE - JOE ROGAN EXPERIENCE
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U.S. JD VANCE: HAS BEEN PLEDGING FOR OVER A YEAR TO LOOK INTO UFOS BUT HAS NOT YET DONE SO DUE TO LACK OF TIME - JOE ROGAN EXPERIENCE
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NANCY PELOSI ANNOUNCES VOTE IN FAVOUR OF MASSIE AMENDMENT TO CUT $3.3 BILLION IN U.S. MILITARY AID TO ISRAEL, MARKING HISTORIC BREAK FOR ONE OF CONGRESS'S MOST RELIABLE ISRAEL SUPPORTERS; CITES NEED FOR POLICY CHANGE AND CALLS ON NETANYAHU TO END PERPETUAL CYCLE OF WAR; AMENDMENT EXPECTED TO FAIL BUT FORCES EVERY MEMBER ON RECORD
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CHINA EXPORTS RECORD 1.07 MILLION VEHICLES IN JUNE 2026, UP 73% Y/Y AND MARKING FIRST TIME MONTHLY EXPORTS HAVE SURPASSED 1 MILLION; SURGE DRIVEN BY EVS AND PLUG-IN HYBRIDS BACKED BY STATE SUBSIDIES AND BATTERY SUPPLY CHAIN DOMINANCE; MONTHLY EXPORTS HAVE GROWN FROM 390,000 IN MARCH 2023 TO OVER ONE MILLION IN JUST THREE YEARS - SOURCES
CHINA EXPORTS RECORD 1.07 MILLION VEHICLES IN JUNE 2026, UP 73% Y/Y AND MARKING FIRST TIME MONTHLY EXPORTS HAVE SURPASSED 1 MILLION; SURGE DRIVEN BY EVS AND PLUG-IN HYBRIDS BACKED BY STATE SUBSIDIES AND BATTERY SUPPLY CHAIN DOMINANCE; MONTHLY EXPORTS HAVE GROWN FROM 390,000 IN MARCH 2023 TO OVER ONE MILLION IN JUST THREE YEARS - SOURCES
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IRGC UNVEILS NEW SERIES OF KAMIKAZE DRONES CLAIMING THEY WERE USED IN TONIGHT'S ATTACK ON KUWAIT; AEROSPACE DRONE COMMAND DESCRIBES THEM AS SMALL BUT EFFECTIVE AND DESIGNED FOR MULTIPLE OPERATIONAL PURPOSES; ATTACK DEDICATED TO MEMORY OF NAJM ABDULLAH KHALID WHOM IRGC CLAIMS WAS ASSASSINATED BY KUWAITI GOVERNMENT - SOURCES
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TRUMP URGED ICE TO RESUME TRAFFIC STOPS AFTER THE AGENCY TEMPORARILY SUSPENDED MOST VEHICLE ENFORCEMENT FOLLOWING TWO FATAL SHOOTINGS INVOLVING AGENTS IN HOUSTON AND MAINE.

THE MOVE SIGNALS THE ADMINISTRATION'S CONTINUED PUSH FOR AGGRESSIVE IMMIGRATION ENFORCEMENT DESPITE GROWING SCRUTINY OVER USE-OF-FORCE INCIDENTS AND INTERNAL DEBATE OVER ENFORCEMENT TACTICS.
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