1. The Richmond Fed survey showed manufacturing activity cooled sharply.

• Shipments slumped, although future expectations improved.

• New orders moderated.

• The employment component fell back into contractionary territory.

• Both prices paid and prices received rose.

2. The Richmond Fed’s services revenue index fell sharply into negative territory.

3. The S&P Global manufacturing PMI rose to the highest level in more than four years, as output and new orders strengthened, although much of the gain reflected inventory building. The services PMI improved modestly, though demand remained subdued.

• Businesses continued to face elevated cost pressures.

4. The pace of private sector job creation accelerated during the four weeks ending June 6, according to ADP’s weekly employment report.

5. The Redbook index of same-store sales growth accelerated to its highest level since late 2022.

6. The Weekly Economic Index continues to signal strong growth.

• Goldman’s Current Activity Indicator (CAI) also shows US growth solid at 2.6% in June.

7. For the first time since 2023, more consumers say it’s better to buy a home than to rent, according to Bank of America’s latest survey.

8. Foreign capital inflows into US assets remain robust.

9. Amusement and recreation construction, a relatively small but scorching hot segment, has rocketed to an all-time high during the first half of 2026, …

… driven by “social centers.”

• Theme park construction is also near a record high.

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1. The average tenure of UK prime ministers has declined over the past 16 years.

• Now, UK prime ministers change on average every 14 months.

2. Britain has steadily lost global market share across most international financial activities since Brexit.

3. Factory activity moderated but remained firmly in expansionary territory as firms stockpiled goods. The services sector, however, slipped further into contraction amid rising costs and political uncertainty.