‼️ BREAKING: Brent crude crosses $100 after tankers reportedly struck off Saudi Arabia. Thursday’s price rise put Brent crude futures on course for a monthly gain of 35.3% — the third-biggest monthly jump in the past 10 years. WTI futures were also on course for their third-largest monthly rise in a decade, on a monthly increase of about 30%.
‼️ BONDS GET SMASHED: 10-year Treasury yield tops 4.7%, highest since January 2025. The yield on the U.K. 10-year government bond rose 4 basis points, climbing above 5%
‼️ BREAKING: Lockheed Martin reported second-quarter earnings of $7.94 per share on sales of $20.1 billion, beating Wall Street estimates. Lockheed Martin’s backlog grew to a record $230 billion, up from $186 billion at the end of the first quarter. Lockheed Martin raised its 2026 outlook, now expecting earnings of about $30.30 per share on sales of about $80.8 billion.
‼️ BREAKING: Comcast reported second-quarter adjusted earnings of $1.04 a share, as revenue fell 1.2% from a year ago to $29.9 billion. Analysts were expecting earnings of 97 cents a share on revenue of $29.2 billion, according to a FactSet poll.
‼️ 🇬🇧 Gen Z is becoming less sure about whether Britain’s economy is working for them, as high unemployment and low savings rates leave younger people feeling pessimistic about establishing their careers and buying property. GfK’s confidence tracker for 16- to 29-year-olds declined to minus two in June, down from 18 in December