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Situational awareness:

  • PG&E knew for years hundreds of miles of its high-voltage power lines could spark fires, but repeatedly failed to perform necessary upgrades. (WSJ)
  • Crude oil futures hit a 6-week high as a storm built in the Gulf of Mexico, threatening output. (Reuters)
  • The U.S. Justice Department is investigating Deutsche Bank's dealings with Malaysia's 1MDB fund. (WSJ)
  • China's imports and exports likely fell in June as weakening global demand and an increase in U.S. tariffs took a heavier toll. (Reuters)