US Briefing - Thursday 12.06

Headlines

Trump Urges Iran To Reach Nuclear Deal ‘Before There Is Nothing Left’

Israel Targets Iran’s Nuclear Sites, Military Leaders In Major Strikes

Hossein Salami, Iran's Revolutionary Guards chief, killed by Israel

Eurozone Industrial Production Unexpectedly Nosedives In April

UK Public's Medium-Term Inflation Expectations Stay High In May

Taxes And Tariffs Prompt UK Firms to Slow Hiring, Recruiters Say

Akazawa Sees A Deal With US Sparing Japan From Higher Car Levies

BOJ Is Said To See Inflation Running Stronger Than Expected

Oil Jumps Nearly 9% After Israel's Strikes On Iran

Oil Curve Shift Shows Fears Of Protracted Mideast Conflict

Adobe Gives Sales Outlook That Fails To Convince AI Skeptics

Apple Targets Spring 2026 For Release Of Delayed Siri AI Upgrade

Foxconn Sends 97% Of India iPhone Exports To US Apple Tackles Tariffs

Meta Finalizes $14.3 Billion Scale Investment, Hires Its CEO

Warner Bros. Is Close To Winning Support For Debt Overhaul

Thermo Fisher Aims To Sell Parts Of Its Diagnostics Business For $4B

Novo Nordisk Overtakes SAP As Europe’s Most Valuable Company

Kenvue Mulls Sale Of Some Skin Health And Beauty Brands, Sources Say

BPCE Is Nearing An Almost €7 Billion Deal For Novo Banco

Chinese Firms in Talks to Join Group for Li Ka-Shing’s Ports

China Delays Approval Of $35B US Chip Merger Amid Trade War

Hossein Salami, Iran's Revolutionary Guards Chief, Killed By Israel

https://www.livesquawk.com/report/afternoon_4368

>>2feeb9<<

The Spectator Index @spectatorindex

BREAKING: Iran officially withdraws from nuclear negotiations with the United States

https://twitter.com/spectatorindex/status/1933493125747781802

OSINTdefender @sentdefender

The Lebanese government has reportedly informed Hezbollah that they will not allow them to join any kind of military action or retaliation against Israel in support of Iran, adding that the era in which they bypass the country when it comes to declaring war is over.

https://twitter.com/sentdefender/status/1933446244648755538

>>23170717

I'm sure ISS had nothing to do with managerial hiring practices….

>>23170718

POLITICO @politico

Democrats reclaim the American flag

"As Democrats look for a message to rebut the MAGA right, they are looking within their own ranks for a credible message against the overreach of those holding power."

https://www.politico.com/news/2025/06/13/dems-rally-flag-00402458

https://twitter.com/politico/status/1933464032775663723

>>23170734

Unintended black humor to follow. (Dark Money now needs PR spin to protect the flows?)

https://twitter.com/FarmGirlCarrie/status/1933391038997205083

zerohedge @zerohedge

Top Overnight News

Israel launched waves of airstrikes against Iran’s nuclear program and ballistic-missile sites, killing the head of the Islamic Revolutionary Guard Corps and the military’s chief of staff. Oil surged as much as 13% as PM Benjamin Netanyahu pledged more attacks to come. Iran vowed to retaliate, sending drones that were intercepted. BBG

Donald Trump can continue to use troops to deal with LA protests, an appeals court ruled, hours after a judge said the federal government must cease these efforts and return National Guard control to California state leaders. The court set a hearing Tuesday to discuss further action. BBG

The case for a Fed rate cut is growing stronger as inflation stays muted despite tariffs while signs of deterioration emerge in the labor market (the Fed won’t cut next week, but the forward guidance language could evolve in a dovish direction). WSJ

Japan’s top trade negotiator expects a trade deal with the US to spare Tokyo from higher auto tariffs, even if Trump increases them against other nations. BBG

Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed, far above the 2024 average of 50% and a clear sign of Apple's efforts to bypass high U.S. tariffs imposed on China. Apple is also reportedly targeting spring of 2026 for delayed upgrade of Siri. RTRS

China is saddled with the most loss-making industrial companies since 2001, leaving the government grappling with conflicting goals: closing enterprises while also trying to avoid mass unemployment. BBG

Bank of Japan officials see prices rising a little stronger than they expected earlier in the year, a factor that may open the door to discussions over whether to raise interest rates if global trade tensions ease. BBG

UK employers scaled back hiring further in May in the wake of the sharp tax increases and the global trade war, a REC and KPMG survey showed. BBG

https://twitter.com/zerohedge/status/1933500484242825576

Meta finalized an investment in Scale AI that was said to be $14.3 billion. BBG

Derek Hunter

@derekahunter

·

8s

What if Iran was a paper tiger? They did fight Iraq to a draw for a decade and their military was pretty quickly destroyed by us, so maybe they aren't the regional power they and so many on the left portrayed them to be?

Quote

The Associated Press

@AP

·

21m

Israel launched a major attack on Iran Friday, drawing their long-running shadow war into the open conflict in a way that could spiral into a wider, more dangerous regional war.

Here's what we know.

[Insert TeamSqueaky's Klowns-In-Amerika vid clip, here]

https://twitter.com/derekahunter/status/1933502235956138462

>>23170796

It's #1 on that list and answers to Team Uncle Larry and his little list of Friends Of Killary, first.

paralel_universe @ignis_fatum

==🔴🔴🔴#BREAKING

EXPLOSIONS HEARD IN #TEHRAN

#ISRAEL #IRAN==

https://twitter.com/ignis_fatum/status/1933504678974960111

"So newsoms endzone dance was slapped down by bibi 3000 miles away"

The entirety of the "NO KING" media campaign has been stollen.