AGP Executive Report
Last update: an hour agoFed & Markets: Global tech stocks slid again as investors braced for Micron’s earnings and priced in a potentially steeper rate path, dragging semis and major indexes. Manufacturing Jobs: S&P says factory job cuts are at the highest level since 2009 (excluding the pandemic), with demand worries and raw-material costs weighing on hiring. Housing & Homeownership: LendingTree finds single parents lag badly on homeownership (39.2% vs 73.7% for two-parent households), with big metro-to-metro swings. Housing Policy: The U.S. Senate advanced a bipartisan housing bill aimed at boosting supply and lowering prices, while a separate Senate vote hurdle looms for the CLARITY Act. Crypto Regulation: House Financial Services set back-to-back hearings in mid-July, putting the CLARITY Act’s push for comprehensive crypto rules in the spotlight. Energy Infrastructure: SunZia’s massive wind-and-transmission project is now fully operational, delivering power across the western grid. Corporate/Banking: Johnson & Johnson shares rose after it lifted guidance and flagged major U.S. spending; McDonald’s ticked up on value-menu momentum and improving global comps. Tech & Data Centers: Amazon’s Project Rise data center cleared a final procedural hurdle in Indiana, with billions in investment and hundreds of jobs expected.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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