16:05 SMCI Reports prelim Q4 Rev 'near low end of $11.0-12.5B' v $11.9Be (prior: $11.0-12.5B); Gross margin 15-17% v 8.2-8.4% guided; Record backlog17:04 RKLB Awarded $266M US Air Force contract16:59 (IR) Iran vows powerful strike if the US hits its nuclear sites16:55 IBKR 16:30 ET Q2 earnings call: Plans to make its national trust bank operational by year-end 2026, subject to final OCC approval, enabling IBKR to directly custody assets for mutual fund and ETF customers.16:05 AIR Reports Q4 $1.53 v $1.41e, Rev $928M v $892Me15:07 (CA) US Pres Trump said to be implementing 1930 Smoot-Hawley Tariff Act for newly announced Canada tariffs alleging 'discrimination against U.S. exports'; Statute hasn't been used since The Great Depression - Axios
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*(IR) REPORTEDLY MEDIATORS HAVE PROPOSED A 10-DAY CESSATION OF STRIKES TO FIND WAYS TO REVIVE THE IRAN-US INTERIM DEAL - PRESS

- Mediators propose to return to pre-July 9th positions

**Note: Regional mediators, including Qatar, Egypt, and Pakistan, have proposed a 10-day ceasefire that the Trump administration is reviewing while urging Israel to avoid actions that could derail diplomacy

**Reminder: earlier, (IR) Iran Foreign Ministry Spokersperson Baghaei: Negotiations with U.S could be pursued based on national interests; Received proposals from mediators in war with US
July 19th, (IR) US Secretary of State Rubio: Reiterates the US remains open to a diplomatic solution in Iran; reiterates other countries must 'step up' to protect shipping in the Strait of Hormuz
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 5007542.75 1.14%EUR/USD1.16 1.86%USD/JPY159.03 2.13%GBP/USD1.34 0.01%OIL--Gold4082.2 15.32%