US Conference Board consumer confidence (June) 91.2, consensus 94.6, prior 93.1.

Cainiao reported June shipments of portable air conditioners from its European warehouses rose nearly 18x YoY amid sustained heat, led by the UK, Germany and Poland; accessory shipments (e.g., air‑deflectors) rose 12x. Cainiao said its 28 European warehouses have opened capacity to AC manufacturers and offer next-day delivery to ensure cooling equipment distribution.

The Trump administration told New York on Tuesday it will stop funding the state’s Medicaid Fraud Control Unit, citing poor performance and a comparatively low number of criminal referrals, the U.S. Department of Health and Human Services said in a letter to Attorney General Letitia James. HHS warned the funding cut could jeopardize New York’s eligibility for federal Medicaid dollars for low‑income healthcare services. The Medicaid Fraud Control Unit, overseen by the attorney general, investigates and prosecutes provider fraud.