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๐Ÿ”ฅ Cities/regions with most millionaires.

๐Ÿ‡บ๐Ÿ‡ธ New York City: 349,500
๐Ÿ‡บ๐Ÿ‡ธ The Bay Area: 305,700
๐Ÿ‡ฏ๐Ÿ‡ต Tokyo: 298,300
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore: 244,800
๐Ÿ‡ฌ๐Ÿ‡ง London: 227,000
๐Ÿ‡บ๐Ÿ‡ธ Los Angeles: 212,100
๐Ÿ‡ซ๐Ÿ‡ท Paris and Ile-de-France: 165,000
๐Ÿ‡ฆ๐Ÿ‡บ Sydney: 147,000
๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong: 143,400

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๐Ÿšจ๐Ÿšจ Germany ๐Ÿ‡ฉ๐Ÿ‡ช has blocked the sale of a #Volkswagen subsidiary to China ๐Ÿ‡จ๐Ÿ‡ณ on national security grounds.

@Fin_Watch
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๐Ÿšจ๐Ÿšจ๐Ÿšจ BREAKING: Biden ๐Ÿ‡บ๐Ÿ‡ธ is reportedly experiencing a medical emergency on Air Force One.

@Fin_Watch
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๐Ÿ‡บ๐Ÿ‡ธ FED'S WILLIAMS: THERE IS STILL A WAY TO GO TO REACH 2% INFLATION TARGET ON A SUSTAINED BASIS

๐Ÿ‡บ๐Ÿ‡ธ FED'S WILLIAMS: ECONOMY IS DOING REMARKABLY WELL


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๐Ÿ‡บ๐Ÿ‡ธ FED WARNS THAT VALUATIONS ARE HIGH RELATIVE TO FUNDAMENTALS IN MAJOR ASSET CLASSES

@Fin_Watch
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๐Ÿšจ๐Ÿšจ JUST IN: ๐Ÿ‡ฌ๐Ÿ‡ง Brexit has accelerated immigration to 3x higher.

Almost ALL UK immigration now comes from non-EU countries, while Europeans continue to leave the UK.

@Fin_Watch
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๐Ÿ”ฅ NEW: ๐Ÿ‡ท๐Ÿ‡บ World Bank upgrades Russia to high-income nation with gross income per capita at $14,250 annually.

Russia now has the 4th largest economy in the world in terms of purchasing power parity, despite 2 years of western sanctions.

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๐Ÿšจ๐Ÿšจ๐Ÿšจ BREAKING: NBC News reports that 'more than half a dozen Democrats in Congress' described President Biden's ๐Ÿ‡บ๐Ÿ‡ธ political situation in stark terms including โ€œheartbroken,โ€ โ€œdoomedโ€ and a โ€œf-----g disaster'.

@Fin_Watch
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๐Ÿ“Š Key Events This Week:

1. Fed Chair Powell Testifies - Tuesday

2. OPEC Monthly Report - Wednesday

3. June CPI Inflation data - Thursday

4. June PPI Inflation data - Friday

5. Michigan Consumer Sentiment data - Friday

6. Total of 9 Fed speaker events this week

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๐Ÿ‡บ๐Ÿ‡ธ More evidence of a slowing US economy:

US services activity contracted in June at the fastest pace since the 2020 pandemic.

The ISM services PMI index fell by 5 points to 48.8, missing expectations of 52.5 points.

This was primarily driven by an 11.6 point decline in the business activity index to its lowest since level April 2020.

In the past 30 years, such a service activity drop happened only during recessions.

Furthermore, new orders shrunk for the first time since 2022.

@Fin_Watch
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๐Ÿ‡ซ๐Ÿ‡ท BREAKING: Left-wing bloc has won 184 seats, Macron's centrist bloc wins 156 and Marine Le Pen's RN has won 141 seats so far.

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๐Ÿ†˜ ELON MUSK CALLS META'S WHATSAPP 'SPYWARE'

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๐Ÿ”ฅ BREAKING: The Financial Times reports that #NATO leaders are set to make a 'one-year, โ‚ฌ40 billion pledge of support for Ukraine ๐Ÿ‡บ๐Ÿ‡ฆ this week'

@News_Crypto
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๐Ÿ‡บ๐Ÿ‡ธ House Democrats and Republicans may come together next week to overturn President Joe Biden's veto on crypto legislation SAB 121

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๐Ÿ”ฅ JUST IN: Portfolio manager Fairlead Strategies Founder tells CNBC they're "big believers" in having #Bitcoin๐Ÿ’ฐ in portfolios.

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๐Ÿ”ฅApple $AAPL just closed the day as the largest stock in the world.

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JUST IN: ๐Ÿ‡บ๐Ÿ‡ธ Morgan Stanley's Wilson says a 10% fall in S&P 500 by US election is 'highly likely'

@Fin_Watch
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๐Ÿ‡ฎ๐Ÿ‡ณ India Boosts Gold Reserves by Most in Two Years, WGC Says

@Fin_Watch
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๐Ÿ‡บ๐Ÿ‡ธ The Federal Reserve might cut interest rates 8 straight times beginning in September for a total of 200 basis points, says Citi

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โšกJUST IN: Chinese electric vehicle maker #BYD is set to build a $1 billion car factory in ๐Ÿ‡น๐Ÿ‡ท Turkey.

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