For: June 16, 2025
>>Watching Wall Street
(New York, NY) -- The opening bell rings this morning to kick off what will be a holiday-shortened trading week. Stocks closed sharply lower on Friday, extending losses after Iran launched missiles into Israel in retaliation for a series of Israeli air strikes against Tehran. Oil and defense stocks rose while tech shares and travel stocks took a hit as global markets reacted to the conflict. At the closing bell, the Dow Jones Industrial Average dropped 769 points to 42-197. The S&P 500 lost 68 points to 59-76. The Nasdaq fell 255 points to 19-406.
>>Interest Rate Decision Coming This Week
(Undated) -- Coming up in the business week ahead, Tuesday brings the release of retail sales data along with the home builder confidence index. The ball continues to roll on Wednesday with housing starts and building permits. Also, because this is a Juneteenth holiday-shortened week, initial jobless claims will be out a day earlier than usual, with just a slight uptick in first-time requests for unemployment benefits expected. Most of the focus on Wednesday, however, will go to the Federal Reserve's interest rate decision with the central bank seen keeping its benchmark rate unchanged for now.
>>G7 Leaders To Talk Trade, Etc. In The Canadian Rockies
(Alberta) -- G7 leaders are gathering in Canada for policy discussions on trade and other topics. President Trump is among the heads of state in Alberta as the world's economic powerhouses hold their crucial summit. The meetings take on heightened importance ahead of the President's tariff deadlines and the escalating crisis in the Middle East. The White House has been downplaying expectations of any major breakthroughs on trade agreements. The G7 summit brings together the leaders of France, Germany, Italy, Japan, the UK, the U.S. and the European Union all taking part.
>>Consumer Sentiment Improves In June
(Ann Arbor, MI) -- Consumer sentiment is on the rise for the first time in six months. The University of Michigan's early reading for June climbed 16 percent from last month. The survey showed across-the-board rebounds as consumers grew more optimistic about the economy. Year-ahead inflation expectations plunged one-and-half percent from last month to their lowest level in three months. The survey's chief economist said despite the notable improvement, consumers remain "guarded and concerned" about the outlook for the economy.
>>Mitsubishi Recalls Nearly 200k Vehicles Over Rearview Camera Issue
(Undated) -- Mitsubishi Motors North America is recalling nearly 200-thousand Outlander and Outlander plug-in hybrid electric SUVs. The recall is due to faulty software that could cause rearview cameras to malfunction. The automaker said in a National Highway Traffic Safety Administration recall report that the infotainment system in over 198-thousand Outlanders from model years 2022 to 2025 could "freeze or display a black screen." The NHTSA recall report said that could cause the rearview camera image to "be lost" while baking up, which could increase crash risk.
>>Billionaire Cosmetics Heir Leonard Lauder Dead At 92
(Undated) -- Billionaire cosmetics heir Leonard Lauder is dead at the age of 92. Lauder was the eldest son of Estée and Joseph Lauder and the former head of cosmetics giant Estée Lauder Companies. He died on Saturday. His son released a statement crediting his father with having "worked tirelessly to build and transform the beauty industry, pioneering many of the innovations, trends, and best practices that are foundational to the industry today."
