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The New York Fed’s June Empire State Manufacturing Survey is out this morning; Minneapolis Fed President Neel Kashkari says  predictions the Federal Reserve won’t cut interest rates until December are “reasonable;” the U.S. surgeon general calls for a warning label on social media; Disney estimates the new “Inside Out 2” film made $155 million.

Wall Street investors bet on extra rate cuts this year, in spite of Fed predictions that there will be just one. Plus, Megabus parent company Coach USA has filed for bankruptcy after ridership dropped during the pandemic and failed to recover. And for Baltimore firms, work on the Francis Scott Key Bridge reconstruction is personal.

 

Surgeon General Dr. Vivek Murthy has called for cigarette-style warning labels aimed at young users of social media platforms, citing social media’s significant contributions to the mental health crisis among adolescents. Plus, a surge in secondhand shopping among consumers, and a look inside the world of gender-affirming vocal coaching.

 

 

From the BBC World Service: Emmanuel Macron has kicked off a fortnight of frenetic election campaigning as he gambles everything to stave off a big challenge from the far right. German sportswear giant Adidas is investigating what it calls ‘potential compliance violations in China’ after reports that senior managers at the Chinese branch allegedly received bribes from suppliers. The European Soccer Championship has kicked off and it offers significant branding opportunities — this year, Nike is outspending its rivals, securing 37.5% of the visibility with nine team deals.

Brazil has densely populated low-income communities living on the outskirts of many cities like Rio de Janeiro and Sao Paulo. Ordering online shopping just isn’t an option for residents as these towns don’t have an official address, but that may be changing. The BBC’s Ben Derico reports.

A new pitch from former President Donald Trump calls for replacing income tax with tariffs. We’ll get into why the math doesn’t add up. Plus, chemical hair relaxers are making Black women sick, so why are they still being sold? And, we’ll weigh in on Apple entering the AI race, Hollywood studios buying movie theaters, and using speakerphone in public during a round of Half Full/Half Empty!

Here’s everything we talked about today:


Post about Donald Trump’s “all tariffs policy” from Emily Wilkins on X
“The Disturbing Truth About Hair Relaxers” from The New York Times
“Alex Jones’ personal assets to be sold to pay $1.5B Sandy Hook debt. Company bankruptcy is dismissed” from The Associated Press
“Why decaf coffee is growing in popularity” from Marketplace
“Apple announces AI features” from Marketplace
“Games Are Proving Their Pull on News and Tech Sites” from The New York Times 
“Sony Pictures Acquires Alamo Drafthouse Cinema in Landmark Deal That Puts Studios Back in Theater Game” from The Hollywood Reporter
“Living Out Loud, Headphones Nowhere to Be Found” from The New York Times

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