09:42 NOC 09:30 ET Q2 earnings call: Defense Systems and Space margins were pressured by negative EAC adjustments on SAW and GEM-63XL; SAW costs increased due to qualification testing, but management remains confident both programs will qualify and could generate billions of dollars of sales at accretive margins over the next decade.09:40 (UK) Defense Min Streeting: Russian military exercise off UK coast was irresponsible and performative; Absolutely critical we maximize deterence08:48 (US) USTR Greer: Canada trade retaliation has been notable, forcing President to take tailored action; We are not banning certain goods like Canada has done to U.S08:09 *(US) Treasury Sec Bessent: Can sanction any open source AI models if they do IP theft; Finding watermarks of U.S LLMs on many Chinese models09:11 HAL 09:00 ET Q2 earnings call: Middle East activity is recovering following the conflict, but the pace remains dependent on day-to-day security developments. Land well construction was largely steady in Q2 except for pockets of disruption in Iraq and Bahrain; offshore activity improved through the quarter but remains below pre-conflict levels.09:11 MMM 09:00 ET Q2 earnings call: Some manufacturing operations are capacity-constrained and short of demand despite broader underutilization opportunities; debottlenecking an electrical-products work center drove record June production and $13M of incremental revenue.
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09:42NOC 09:30 ET Q2 earnings call: Defense Systems and Space margins were pressured by negative EAC adjustments on SAW and GEM-63XL; SAW costs increased due to qualification testing, but management remains confident both programs will qualify and could generate billions of dollars of sales at accretive margins over the next decade.
09:40(UK) Defense Min Streeting: Russian military exercise off UK coast was irresponsible and performative; Absolutely critical we maximize deterence
08:48(US) USTR Greer: Canada trade retaliation has been notable, forcing President to take tailored action; We are not banning certain goods like Canada has done to U.S
08:09*(US) Treasury Sec Bessent: Can sanction any open source AI models if they do IP theft; Finding watermarks of U.S LLMs on many Chinese models
09:11HAL 09:00 ET Q2 earnings call: Middle East activity is recovering following the conflict, but the pace remains dependent on day-to-day security developments. Land well construction was largely steady in Q2 except for pockets of disruption in Iraq and Bahrain; offshore activity improved through the quarter but remains below pre-conflict levels.
09:11MMM 09:00 ET Q2 earnings call: Some manufacturing operations are capacity-constrained and short of demand despite broader underutilization opportunities; debottlenecking an electrical-products work center drove record June production and $13M of incremental revenue.

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12:24 (US) Market Trading Hours Summary: As expected, Dec PCE runs hotter than CPI, Q4 GDP impacted by shutdown; Supreme Court strikes down IEEPA tariff powers
S&P 5007523.5 0.88%EUR/USD1.16 1.86%USD/JPY159.03 2.13%GBP/USD1.34 0.01%OIL--Gold4070.7 15.56%