July 11 (Thursday)

Markets
Stocks Leap to Records Following Powell’s Comments (W)
Videogames and Two-Day Delivery Powered the S&P’s Rise to 3000 (W)
These are the stocks that have led the S&P 500′s five-year run to 3,000 from 2,000 (C)
Rex Nutting: Trump and the stock market are spooking Powell into making this rookie mistake (MW)
Here’s how many points a U.S.-China trade deal is worth to the S&P 500, according to J.P. Morgan’s top strategist (MW)

Commodities
Oil Hits Seven-Week High on Falling Supplies (W)
Iron-Ore Prices Have Surged Almost 70%, Hitting Steelmakers (W)

Central banks
Powell Sounds Dovish Enough to Open Door for a Half-Point Cut (B)
Powell Sends Strong Signal of Possible Fed Rate Cut in July (W)
Powell remarks, Fed meeting highlight case for ‘insurance’ (R)
Fed’s Powell explains why a return to the gold standard would be so damaging to the economy (C)
Fed chief calls for Facebook to halt Libra project until concerns addressed (R)
Fed’s Bullard says Trump’s Fed pick Waller is ‘his own person’ (R)

US
A Record Expansion’s Surprise Winners: The Low-Skilled (W)

China
No Turnaround in Sight for China Car Sales (W)

Geopolitics & trade
Trump Makes Fresh Threats Against Iran Over Its Nuclear Program (W)
Mnuchin Urges U.S. Firms to Seek Huawei Exemptions (W)
U.S. to Investigate French Plan for Tax on Tech Giants (B)

Industries & companies
FAANGs: The tech industry is starting to doubt Facebook will be able to launch its Libra currency by 2020 (C)
Financials: U.S. Investigates Deutsche Bank’s Dealings With 1MDB (W)
Media: Newbies Pay $15 Million an Episode to Stand Out in Packed Streaming Market (W)
Media: Apple Music, Spotify Tap Live Events to Stand Out (W)
Tech: Social-Media Summit Likely to Target Big Tech Companies (W)

Corporate finance
The 2019 IPOs will have a correction ‘sooner or later,’ Jim Cramer warns (C)
With Wall Street’s Secret Shackles Gone, Dimon Prowls for Deals (B)
Once a Miser, Japan Inc. Is Opening Its Wallet to Buy Back Shares (W)

Offbeat
Storm could become first hurricane of season and is already shutting down energy operations (C)
PG&E Knew for Years Its Lines Could Spark Wildfires, and Didn’t Fix Them (W)
US lawmakers look to legalize pot in ‘historic’ marijuana reform hearing (C)