Welcome! Yesterday we incorrectly reported that mortgage rates (instead of demand) hit a 22-year low. The intern has been flogged, beaten, and fired.
🚨 BREAKING: Biden tests positive for COVID.
NASA sets launch dates for its return to the moon with giant, new rocket.
Jobless claims jump AGAIN.
Numbers to know: 40% of U.S. workers may quit their jobs in the next 3-to-6 months.
Must read: The U.S. is sweltering. The heat wave of 1936 was far deadlier. - MSN
The Show Notes is my blueprint for radio but is only for subscribers. You can subscribe here and listen here. The show starts now.
Clip of the day: White House clarifies Biden does NOT have cancer.
Big news in Georgia:
Serious Problems In China
This is from Bloomberg:
China’s credit market is now showing stress on an almost daily basis, as a worsening property crisis shatters assumptions about safe borrowers and even Chinese investors turn against troubled debtors.
The country’s junk dollar bonds were on the brink of record lows Thursday, as a state-backed developer sought payment delays on $1.6 billion of dollar notes. In other signs of stress, the debt of a private builder deemed healthy just months ago sank, while creditors spurned a restructuring plan by the parent of BMW AG’s China partner.
Headline: China province seeks lifeline for debt-ridden infrastructure projects - Nikkei Asia
Hunter Biden Probe Heats Up
This is from CNN:
The federal investigation into Hunter Biden's business activities is nearing a critical juncture as investigators weigh possible charges and prosecutors confront Justice Department guidelines to generally avoid bringing politically sensitive cases close to an election, according to people briefed on the matter.
While no final decision has been made on whether to bring charges against President Joe Biden's son, sources say the probe has intensified in recent months along with discussions among Delaware-based prosecutors, investigators running the probe and officials at Justice Department headquarters.
Woke ESPN
ESPN gave the ESPY award for “Breakthrough Athlete of the Year” to an American skier who renounced her US citizenship.
The Democrats’ Police Pivot
Until Joe Biden tested positive for COVID, he was scheduled to make waves with a trip to Pennsylvania to announce additional funding for police. While progressive Democrats continue to push for defunding police, moderate Democrats in swing states are requesting more police funding to fight crime.
This is from Axios:
The new effort to ward off Republican attacks comes after the defund debate damaged Democrats' reputation on crime — leading to party infighting and internal reflection over how to best message on police reform.
The rest of the news:
Key Russian gas pipeline resumes supply to Europe - Axios
🚨 Minneapolis Venue Bows to Woke Mob, Cancels Chappelle Performance Hours Before Show - Townhall
BS ALERT: What the Bible actually says about abortion may surprise you - Yahoo
Appeals court allows Georgia abortion law to take effect - AP News
Rumors of Putin in poor health? CIA says no chance. - BBC
The new San Fran DA just fired everyone - National Review
A Recession Alarm Is Ringing on Wall Street - NYT
Tesla Sold Most of Its Bitcoin to Shore Up Carmaker’s Liquidity - Bloomberg
European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years - CNBC
It's cheaper to rent than to buy in 3/4 of U.S. cities - Axios
Taking a cruise could cost less than filling your gas tank - Yahoo
Steph Curry Will Not Stop Terrorizing The Celtics, This Time He's Dragging Them At The ESPYs - Barstool
China reckons with its first overseas debt crisis - Financial Times
'Canyon of fire' solar storm will slam into Earth today or tomorrow - Live Science
Bonus clip: W-H-A-T-?????