June 16 (Wednesday)

YRI
Dr. Ed’s latest video podcast
Daily Markets Overview
Today’s Morning Briefing

Markets
Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers | W

US
U.S. retail sales take step back as spending pivots to services, trend remains strong | R
Retail Sales Dropped 1.3% in May as Pandemic Shopping Habits Shifted | W
Retail sales producer price index May 2021 jumps 6.6% from May 2020 | C
Rents for single-family homes just saw the largest gains in nearly 15 years | C
White House says child tax credit should boost economy, offset unemployment phaseout | R

US II
Lina Khan, Critic of Large Tech Firms, to Lead Federal Trade Commission | W
Congressional Democrats wary of U.S. Senate infrastructure plan | R
You Are Not Paying a Higher Relevant Tax Rate Than Billionaires | AIER
Opinion: The rich got richer while millions lost their livelihoods. It’s time for a wealth tax | N

China
China Repackages Its History in Support of Xi’s National Vision | W

Geopolitics & trade
Aerospace: U.S. and EU Agree to Suspend Airbus-Boeing Trade Fight | W
Airlines: Southwest Airlines cancels 500 flights after second technology issue in two days | C

Crypto
China’s bitcoin miner exodus | C

Virus
NY Lifts Most Coronavirus Restrictions | N
Study Finds Many Post-Covid Patients Are Experiencing New Medical Problems | N
U.S. authorizes another batch of Johnson & Johnson’s Covid-19 vaccine | C