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Federal Reserve Chairman Warsh: I have exceeded the requirements of my ethics agreement and sold or will soon completely sell assets acquired before I became chairman of the Federal Reserve. I have switched investments to cash equivalents and short-term Treasury bills.

Mehran Kamrava, a professor of government at Georgetown University in Qatar, pointed out that the Iranian government is "deliberately" announcing the news that seven soldiers were killed in the US attack, trying to unite national sentiment and consolidate public support during the war. He said that Iran is experiencing a resurgence of nationalism, and the authorities aim to maintain public support for the regime by emphasizing the sacrifice of soldiers for the country. Such support is crucial as Iran is mired in high inflation, high unemployment and economic losses of up to $270 billion. Kamrava believes that Iran knows that it cannot compete with the United States militarily, so it is shifting the focus of the conflict to the economic field. Attacks on shipping are a manifestation of this strategy. The United States may also respond with similar measures. He pointed out: "Revolution cannot happen in hunger. When people start to worry about their next meal, basic security and shelter, the United States may try to exhaust Iran's economic capabilities."

According to The Information: A future version of Apple's (AAPL.O) AI server chip "Baltra" was originally scheduled to be shipped this year, but has been postponed.

Federal Reserve Chairman Warsh: It is inappropriate to prejudge the content of the meeting without factual basis.

Federal Reserve Chairman Warsh: The issue of the Bowman Bank meeting will be handled by the Federal Reserve Inspector General. There will be great interest in what the inspector general finds out about Bowman's dinner with the bank after the FOMC meeting.

According to The Information: Apple's (AAPL.O) self-developed M2 Ultra chip proved insufficient to run advanced AI workloads, forcing Apple to rely on Nvidia.

According to The Information: Apple (AAPL.O) is seeking to acquire artificial intelligence chip companies.

Federal Reserve Chairman Warsh: Investment in artificial intelligence could be very good for jobs because we are building infrastructure.

EIA distillate fuel production extended demand data in the United States for the week to July 10 was 4.7011 million barrels per day, compared with the previous value of 5.9854 million barrels per day.

EIA total automotive gasoline production extended demand data in the United States for the week to July 10 was 9.8097 million barrels per day, compared with the previous value of 9.8709 million barrels per day.

The EIA crude oil production extended demand data for the week to July 10 in the United States was 19.792 million barrels per day, compared with the previous value of 19.061 million barrels per day.

The EIA Strategic Petroleum Reserve inventory in the United States for the week to July 10 was -2.985 million barrels, compared with the previous value of -6.166 million barrels.

The U.S. EIA refinery equipment utilization rate for the week to July 10 was 96.2%, expected to be 95.6%, and the previous value was 95.8%.

Federal Reserve Chairman Warsh: Recent inflation data do not perfectly reflect underlying inflation.

Fed's Williams: It is not appropriate to provide forward guidance at this time.

Fed's Williams: FOMC will continue to provide "view" on economy.

Fed's Williams: The rise in medium-term inflation expectations in the New York Fed survey does not "send a warning signal."

EIA crude oil inventories, Cushing crude oil inventories, and strategic petroleum reserve inventories in the United States for the week ending July 10 will be released in ten minutes; Bank of Canada Governor Macklem will hold a press conference in ten minutes.

Bank of England board member Haskell: I believe the UK labor market has been more severely impacted by the pandemic than the Bank of England has anticipated.

European Commission President Ursula von der Leyen: The European Commission has approved a plan to use €10 billion in EU loans for drones, missiles and fighter jets in Ukraine.