Senator Warren (D) has pressed Apple (AAPL.O), Amazon (AMZN.O) and Nike (NKE.N) over refunds of tariffs collected under the Trump administration, urging in a letter that they refund tariff charges to consumers.

The UN Food and Agriculture Organization said in a July 7 report its global food price index rose 0.6% MoM to 131.1 in July, the highest since January 2023 and 18.2% below the March 2022 peak. The cereals index climbed 3.4% MoM: wheat +5.8% on Black Sea export disruptions and heat in major producing areas; maize +3.6% amid US heat/drought and firmer energy prices; rice was broadly stable. The vegetable oils index gained 2.0% MoM to a high not seen since June 2022 as palm and soybean oil tracked higher crude; sugar rose 5.6% MoM on European heat and drought. Meat and dairy prices fell 2.8% and 0.7% MoM, respectively.

White House National Economic Council director Hassett said government employment and World Cup-related jobs are partly responsible for weak employment.