June 21 (Friday)

Markets
S&P 500 Hits Record Close After Fed Hints of Interest-Rate Cut (W)
These stocks — including Home Depot and Verizon — are big winners when rates drop (C)
10-Year Yield Falls Below 2%, Defying Expectations (W)
US oil surges 5.4% to settle at $56.65 after Trump says Iran made a ‘very big mistake’ (C)

Central banks
Powell May Have Outed Himself on the Dot Plot as Seeing Lower Rates (B)
Trump on Fed Decision: ‘You Can’t Win ‘Em All’ (W)

US
The Trump economy is starting to look more and more like the Obama economy (C)
U.S. Companies Repatriated More Profits in 2018 Than Estimated (W)
Investors Are Buying More of the Housing Market Than Ever Before (W)
Everything American Hits All-Time High (B)

Europe
French Economy Hit by Euro-Area Slowdown as Insee Cuts Outlook (B)

Japan
House-Flipper Sees Big Profits in Japan’s 8 Million Empty Homes (B)

US politics
Here’s why Jeffrey Gundlach thinks Trump might drop out of 2020 presidential race (MW)

Geopolitics & trade
Trump Again Downplays Iranian Attack After Navy Drone Shot Down (B)
Trump says Iranian downing of US drone may have been unintentional (C)
China’s Xi Meets North Korea’s Kim, Both Seeking Leverage With U.S. (W)

Industries & companies
Autos: Nissan, Renault to Partner With Waymo on Driverless Cars (W)
FAANGs: Apple Explores Moving Some Production Out of China (W)
FAANGs: Millions of Business Listings on Google Maps Are Fake—and Google Profits (W)
Financials: One major bank is holding the line, saying the Fed won’t cut rates this year (C)
Retail: Walmart to Pay $282 Million to Settle Claims of Corrupt Payments Abroad, SEC Says (W)
Retail: Kroger Seeks Patience As It Works to Reshape Business (W)

Corporate finance
Slack shares surge more than 50% over reference price in market debut (C)