SCOTUS Rejects Case To Prohibit Government Influence On Social Media Posts

All eyes are on Nvidia’s stock, so what’s been going on?

( ) -q-28- UNDATED (Correspondent Jeremy House) “a minor slump.”

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then it fell 13% over three days, its worst such stretch since 2022. Any stock that climbs as much as Nvidia has _ up more than 1,000% since the autumn of 2022 _ is vulnerable to some of its investors selling shares in order to lock in some profits. That earlier run makes a 13% drop over three days look like a minor slump.

EU: Microsoft breached antitrust rules by bundling Teams with office software

European Union regulators have accused Microsoft of “possibly abusive” practices that violate the bloc’s antitrust rules.

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Out-cue: a ‘distribution advantage’]

TAG: Correspondent Jeremy House reporting. Microsoft has since stopped packaging teams with Office in Europe but the commission said it’s not enough. Microsoft President Brad Smith said the company will work to find solutions to address the Commission‘s remaining concerns.”

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VERBATIM: It’s alleged that Microsoft tied its Teams messaging and videoconferencing app to its widely used business software. The European Commission said it’s concerned the U.S. tech giant has been “restricting competition” by bundling Teams with its core office productivity applications such as Office 365 and Microsoft 365. The commission said it suspects Microsoft might have granted Teams a “distribution advantage.”

Midwestern carbon dioxide pipeline project gets approval in Iowa

Iowa regulators have approved a controversial carbon dioxide pipeline for transporting emissions of the greenhouse gas for storage underground.

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Out-cue: around the Midwest]

TAG: Correspondent Jeremy House reporting. Farmers and the ethanol industry see the pipeline as a way to support new aviation fuel markets. Many landowners are opposed because they fear the taking of their land or a pipeline rupture releasing dangerous CO2 gas.

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VERBATIM: Regulators have approved Summit Carbon Solutions’ application for a permit to build and operate its pipeline. The $5.5 billion, 2,500-mile pipeline network would carry CO2 emissions from dozens of ethanol plants to be buried deep underground in North Dakota. But the project faces setbacks in other states and landowners around the Midwest.

“Sleight Of Hand”: Cotton Says Biden Misleading On Aid To Israel

Pompeo Says Biden Fear Of Escalation Eroding U.S. Deterrence

Canada to start 30-day consultation to impose surtax on Chinese EVs

( ) -q-24- UNDATED (Correspondent Jeremy House) “EVs this summer.”

Canada’s government is investigating whether to impose a surtax on imports of Chinese-made electric vehicles.

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Out-cue: EVs this summer]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: A 30-day consultation on the issue will begin July 2. The consultation purpose is to counter what Deputy Prime Minister Chrystia Freeland says is a clear effort by Chinese companies to generate a global oversupply. Canada’s move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs this summer.

Puerto Rico power company suspends maintenance projects, sparks outages

( ) -q-19- UNDATED (Correspondent Jeremy House) “on underground circuits.”

The private operator of Puerto Rico’s power grid has confirmed the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory.

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Out-cue: on underground circuits]

TAG: Correspondent Jeremy House reporting. Luma Energy’s head of regulatory affairs, Mario Hurtado, tells The Associated Press the suspended projects, which he aims to bring back next year, risk more outages.

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VERBATIM: Some repairs have been postponed for at least a year because of budget constraints. The move puts at risk the already troubled grid and has sparked widespread outcry. Some of the deferred projects include maintenance of more than 100,000 light posts, fire mitigation and repairs on underground circuits.

Maui’s leaders consider restricting vacation rentals loved by tourists

( ) -q– UNDATED (Correspondent Jeremy House) “overwhelming the island.”

The mayor of Maui County in Hawaii wants to stop owners of thousands of vacation properties from renting to visitors.

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Out-cue: overwhelming the island]

TAG: Correspondent Jeremy House reporting. The units in question account for about half of Maui’s legally operated short-term rentals.

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VERBATIM: The mayor wants instead to have the units rented long-term to people who live on Maui to address a chronic housing shortage that intensified after last August’s deadly wildfire. His proposal faces multiple legislative and bureaucratic hurdles. The outcome will shape whether Maui continues to cater to tourists or whether it will curb tourism to address complaints that visitors are overwhelming the island.

President Biden To Allow Iranian Absentee Voter Stations In U.S. .

Danielle Pletka: “Arrogance” To Blame For Slow Weapons Shipments To Israel

Middle East Expert Says Israel Needs Weapons Soon To Face Hezbollah

Defense Expert Cliff May Says Soft Times Leave U.S. Less Able To Defense Democracy

CBO Raises 2024 Deficit Projection $400-Billion To $1.9 Trillion

Ben Domenech: Blinken Making Things Worse By Avoiding Escalation At All Costs

US chipmaker onsemi will invest $2 billion in a chip production facility in the Czech Republic

( ) -q-21- UNDATED (Correspondent Jeremy House) “day in Roznov.”

The U.S. chipmaker onsemi (ON seh mee) is planning a multi-year investment of up $2 billion in its production facility in the Czech Republic.

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TAG: Correspondent Jeremy House reporting. The government said the investment would increase production by hundreds of percent and create more jobs.

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VERBATIM: The government said the money will be invested in the company’s existing production facility in the eastern Czech town of Roznov. It’s the biggest single foreign investment in the country since the split of Czechoslovakia in 1993. Onsemi, which is based in Scottsdale, Arizona, currently produces 10 million chips a day in Roznov.

US jobless claims fall to 238,000 from 10-month high, remain low by historical standards

( ) -q-27- UNDATED (Correspondent Jeremy House) “unusual job security.”

The number of Americans applying for unemployment benefits slipped last week.

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Out-cue: unusual job security]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Labor Department reports jobless claims fell by 5,000 to 238,000 from a 10-month high of 243,000 the week before. The four-week average of claims rose by 5,500 to 232,750, the highest since September. Weekly unemployment claimsremain at low levels by historical standards, a sign that most Americans enjoy unusual job security.

Swiss central bank cuts its main interest rate by 1/4 point, citing easing inflationary pressures

( ) -q-25- UNDATED (Correspondent Jeremy House) “watchers by surprise.”

The Swiss National Bank says it has lowered its main policy rate by a quarter of a percentage point

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Out-cue: watchers by surprise]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: In lowering the rate to 1.25-percent from 1.5-percent, the bank cited a drop in “underlying inflationary pressure.” This, despite an uptick in some costs like rents, tourism services and oil products. The central bank became the first among counterparts in major financial centers this spring to cut interest rates, with a similar quarter-point reduction in March that caught many market watchers by surprise.

EU criticizes France for excessive debt, putting pressure on Macron during election campaign

( ) -q-23- UNDATED (Correspondent Jeremy House) “take corrective action.”

The European Union’s executive arm is criticizing France for running up excessive debt.

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Out-cue: take corrective action]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: It’s a stinging rebuke at the height of France’s election campaign where President Emmanuel Macron is fighting off challenges of the right and the left. France was among seven nations that were warranted by the E-U Commission to face a so-called “excessive deficit procedure.” It is the step in a long process before any member state can be hemmed in and moved to take corrective action.

Trump-Endorsed Conservative Hung Cao Captures VA Senate Primary

Senator Ted Cruz Halts Bill That Would Give Free Broadband To Illegals

Doug Burgum: Trump Himself A “Deterrent” To Foreign Aggression

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

( ) -q-25- UNDATED (Correspondent Jeremy House) “increased Medicaid spending.”

The Congressional Budget Office says it projects this year’s federal budget deficit to be $400 billion higher.

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TAG: Correspondent Jeremy House reporting. One other factor was higher spending on FDIC insurance after the agency had not yet recovered payments it made after the banking crises of 2023 and 2024.

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VERBATIM: The latest projection represents a 27% increase compared to the CBO’s original estimate released in February. The major drivers of the change include: higher costs from the supplemental spending package signed in April that provides military aid to Ukraine and Israel. Other factors include higher than estimated costs of reducing student loan borrower balances and increased Medicaid spending.

McDonald’s is ending its test run of AI-powered drive-thrus with IBM

( ) -q-31- UNDATED (Correspondent Jeremy House) “down the road.”

Ever get your McDonald’s order mixed up at an AI-powered drive-thru?

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TAG: Correspondent Jeremy House reporting. Meanwhile, scores of other fast food chains have also begun exploring the implementation of AI in their drive-thru lanes — including Wendy’s, White Castle, Panera and Popeyes.

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VERBATIM: The experiment behind the fast food giant’s current automated order taker will soon be coming to a close. McDonald’s confirmed that it’s decided to end a global partnership with IBM, which has been testing this artifical intelligence technology at select McDonald’s drive-thrus since 2021. While the IBM partnership for McDonald’s current automated order taker is winding down, the Chicago-based company seemed to suggest that it wasn’t ruling other any other AI-related drive-thru plans down the road.