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Japan PPI (M/M) Apr: 2.3% (est 0.8%; prev 0.8%) - PPI (Y/Y): 4.9% (est 3.0%; prev 2.6%)

New Zealand Food Prices (M/M) Apr: 0.0% (prev –0.6%)

New Zealand BusinessNZ Manufacturing PMI Apr: 50.5 (prev53.2)

Applied Materials, the largest US supplier of semiconductor equipment, gave sales and profit forecasts that far exceeded analysts’ estimates, fueled by soaring demand for AI computing and memory chips bloomberg.com/news/articles/…

JPMorgan Asset Management’s bullish view on the high-grade corporate bond rally faces two potential stumbling blocks: an even bigger surge in technology spending and waning retail demand bloomberg.com/news/articles/…

U.S. Marines from the 31st Marine Expeditionary Unit rappel out of an MH-60S Sea Hawk during scheduled training aboard USS Tripoli (LHA 7). Tripoli is one of more than 20 warships supporting the U.S. blockade against Iran. Since the start of the blockade, CENTCOM forces have redirected 72 commercial ships, and disabled 4.

$AMAT | Applied Materials Q2 Earnings: • Revenue: $7.91B (est $7.65B) • Adj Net Income: $2.29B (est $2.11B) • Adj EPS: $2.86 (est $2.66) • Sees Q3 Net Sales: $8.45B To $9.45B (est $8.15B)

Ibrahim Azizi, Head of the Parliament's National Security Commission, said: "We warn the enemies that if they make a miscalculation and undermine our security, we will strip them of their security wherever they may be in the world. We are ready to defeat the enemy once again in the Strait of Hormuz and other arenas."

Labour deputy leader Lucy Powell expected to tell the FBU conference tomorrow morning that Burnham, Streeting, Rayner should all be "key players in our team". She will also repeat support of Burnham's return. Powell will say: “The election results last week were deeply painful and difficult for our Party, and the aftermath has been unedifying for us all too. We don’t do hostile take-overs in Labour for a reason. Keir is the Leader, and I warned against bloody internal battles reflecting badly. “If we think we don’t have further to fall, that’s a mistake, we can. We must come back together as one team to take the fight to Farage and show that mainstream progressive politics can bring about the change people are crying out for. “That also means doing politics differently. Ending briefing wars, ending factionalism, and representing all our traditions with our strongest team on the pitch - being one Labour team. “Andy Burnham, Wes Streeting and Angela Rayner should all be key players in our team. “Andy wants to come back to Parliament - I’ve always supported his desire to do so, and I support that again. As Deputy Leader, I am confident he would have the support of the vast majority of the Party and movement in doing so.”

In London Playbook PM: — Wes Streeting quit the Cabinet. — A Labour MP quit their seat so Andy Burnham can try for a route back to parliament. — Keir Starmer urged his troops not to mirror the post-Brexit Conservative circus. Dig in 👇 politico.eu/newsletter/lon…

Fed's Miran Submits Resignation From Fed Board

UK PM Starmer Will Not Look To Block Burnham Running – BBC #post" target="_blank" rel="nofollow noopener">bbc.co.uk/news/live/cwy2…

Spirit Airlines is facing a proposed class-action lawsuit following the low-budget carrier's announcement earlier this month that it would cease operations permanently. abcnews.link/yUCOOri

Senior Labour party figures, including cabinet ministers, tell me the NEC is not expected to block Andy Burnham's selection a second time. Several members of the 10-person committee that makes the decision have confirmed to us tonight they would give him the green light. And sources close to Starmer believe he will no longer be in a position to block Burnham’s return - even if it means a leadership contest before next general election - as MPs from across party would be furious.

Israeli Broadcasting: Israel prepares for scenario of return to war and readiness for potential Iranian response

Israeli broadcasting: Washington informed Tel Aviv of the possibility that Trump may order strikes inside Iran

Immediate pressure on Keir Starmer and the NEC to allow Burnham to stand this time. This Labour MP signed the letter encouraging Starmer to stay on - now saying Burnham should be allowed to stand. Many others from different factions saying the same. x.com/liamconlon2/st…

Ali Asghar Nakhaei Rad, a member of the Parliament's Internal Affairs and Councils Commission, said: "It is fitting to announce the closure of the Bab al-Mandab Strait as the response of the Axis of Resistance to any aggression by the enemy, so that the cost of aggression becomes staggering for him."

The scale of the challenge facing Andy Burnham in Makerfield is huge Reform says it won **all eight** wards in the constituency in the local elections In the eight wards voting: Reform: 50.4% Labour: 22.7% Green: 10.9% Conservative: 9.9% Lib Dem: 3.8% Other: 2.2% 'It's all about Andy now,' a senior government source said Put it this way. The people of Makerfield are not just electing their next MP. They are potentially electing the next prime minister

Japanese Tankers Cross Strait Of Hormuz After Prime Minister’s Outreach To Tehran – WSJ wsj.com/livecoverage/i…