Wallstreetcn Morning Briefing | June 30, 2026

The US and Iran have reportedly agreed to cease mutual attacks. Trump stated the US and Iran would hold talks in Doha, Qatar on Tuesday; Iran denied this, saying there are no plans for negotiations with the US in the coming days, and the two sides have not entered the final agreement negotiation stage. Iran emphasized that ships must pass through the Strait of Hormuz according to the “Iran route”. The US Supreme Court ruled that Cook will temporarily remain a member of the Federal Reserve Board; Trump said he will ensure Cook does not influence major monetary policy decisions. Did the White House economic advisor leak the nonfarm payrolls report early? Hassett: This week’s employment report will again be strong, and current reasons for raising interest rates are not sufficient. The US will revise the statistical method for the Federal Reserve’s preferred inflation indicator, the PCE Price Index. Wall Street says it aims to “lower” core inflation, raising manipulation risk. South Korea announced the largest industrial investment plan in its history, doubling DRAM capacity within five years. Samsung and SK Hynix will invest more than 48 trillion won together, each building two new chip factories, with investments covering HBM, data centers, and humanoid robots. China’s central bank conducted its first 300 billion yuan overnight reverse repo operation to address liquidity pressures across the mid-year season. China’s State Council: Increase efforts to advance breakthroughs in artificial intelligence innovation, accelerate tackling key technologies and building ultra-large-scale intelligent computing clusters. China’s Ministry of Foreign Affairs responded to placing certain Japanese entities on the export control list: This move is aimed at firmly curbing Japan’s new militarism ambitions and does not affect normal China-Japan economic and trade relations. DeepSeek V4 is scheduled for mid-July, introducing peak/off-peak API pricing, with prices twice the normal rate. Report: iPhone 18 will see a significant price increase; Pro and Pro Max may rise by $200, standard version 18 will debut next spring, and memory may increase to 9GB. Reminder: China’s official PMI for June will be released on Tuesday. Related articles: Wallstreet Breakfast FM-Radio | June 30, 2026