LOS ANGELES — President Biden on Thursday sought to push back against waning U.S. influence in Latin America by outlining a vision of shared goals on contentious issues like climate and migration at a divisive and conflict-ridden regional summit. a partial boycott.

In an address to CEOs at the Summit of the Americas, Biden said the region offers partnerships on economic growth, making supply chains more resilient, tackling climate change and battling the remnants of Covid-19 and preparing for future pandemics. He described the Western Hemisphere as a region ripe for the growth of democracy and opportunity.

January 6 committee lays out case against Donald Trump in first public hearing

WASHINGTON-The House Select Committee investigating the Jan. 6, 2021, attack on the Capitol held a prime-time session Thursday night aimed at convincing a divided nation that former President Donald Trump’s claims about an election volley prompted his supporters to try to disrupt the peaceful transfer of power.

The hearing, which aired on cable television and most major broadcasters, was the first in a series scheduled over the next two weeks. He presented the committee’s view of the attack on the Capitol as a defining historic moment for American democracy and a red alarm for the threats it may face in the future.

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Earnings:

None planned

Economic indicators (ET):

0830 May Labor Force Survey

0830 1Q Industrial capacity utilization rate

Actions to watch:

Karora Resources to Refinance Credit Facility with CA$80 Million Lower Cost Credit Agreement

TransAlta: Alberta Court of Appeal Upholds Force Majeure Allegation Arose When Production Unit Keephills 1 Goes Offline in 2013; The force majeure claim remains valid; Costs associated with a Force Majeure Event will not be reassessed against TransAlta

Major events expected for Friday

00:01/UK: May report from KPMG and REC UK on jobs

08:00/ITA: April industrial production

08:30 am / United Kingdom: Bank of England / Ipsos survey on attitudes towards inflation in May

12:30 p.m./CAN: May Labor Force Survey

12:30 p.m./US: Real May Gains

12:30 p.m./US: May CPI

12:30 p.m./CAN: 1T Industrial capacity utilization rate

2:00 p.m./US: Q1 Quarterly Services

2:00 p.m./US: University of Michigan Consumer Survey June – Preliminary

4:00 p.m./US: World Agricultural Supply and Demand Estimates (WASDE)

16:59/GER: April balance of payments

6:00 p.m. / United States: Monthly statement of US government revenue and expenditure in May

All times in GMT. Powered by Kantar Media and Dow Jones.

Earnings expected for Friday

Crossroads Impact Corp (CRSS) is expected to report for Q2.

Nathan’s Famous Inc (NATH) is expected to report for Q4.

Seneca Foods (SENEA, SENEB) is expected to report for Q4.

Silver Bull Resources Inc (SVB.T) is expected to report for Q2.

Statera Biopharma Inc (STAB) is expected to report for the first quarter.

Virco Manufacturing Corp (VIRC) is expected to report for the first quarter.

Powered by Kantar Media and Dow Jones.

ANALYST RATINGS ACTIONS

AGNC investment rose to outperform market performance by Keefe, Bruyette & Woods

Annaly Capital raised to outperform market performance by Keefe, Bruyette & Woods

Ball Cut to Underweight From Equal-Weight by Wells Fargo

Crown Holdings reduced to equal weight versus overweight by Wells Fargo

Keefe, Bruyette & Woods raised capital from Dynex to outperform market performance

Five below cut to accumulate from purchase by Gordon Haskett

Freeport-McMoRan lifted from underperforming to neutral by Credit Suisse

Hanesbrands reduced to equal weight vs. overweight by Barclays

Honest cut to remember from Buy by Loop Capital

IAA raised to buy from Neutral by Guggenheim

iRhythm Technologies goes into neutral after being bought by Citigroup

Kontoor brands reduced at equal weight versus overweight by Barclays

Magellan Midstream raised to buy from Neutral by Goldman Sachs

Ollie’s Bargain Outlet was elevated to buy pending by Craig-Hallum

Ollie’s Bargain outlet rose to outpace sector performance by RBC Capital

Market-cut precision biosciences perform from outperformance by William Blair

Rigel Pharmaceuticals cut to neutral after being bought by Citigroup

Scotts Miracle-Gro reduced to neutral due to overweight by JP Morgan

Shoals Technologies lifted to buy pending by Truist Securities

Sotera Health Cut to Peer Perform from Outperform by Wolfe Research

Southwest Gas raised to buy on hold by Argus Research

Tesla raised to buy from Neutral by UBS

High WEX to buy from Neutral by Citigroup

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswire

06-10-22 0534ET