The following stories were covered during today's show: The White House released "Winning the AI Race: America's AI Action Plan;" the U.S. Labor Department reported the U.S. Weekly Jobless Claims; S&P Global released the Composite Purchasing Manager's Index (PMI), the Manufacturing PMI Contracts, and Services PMI; the Mortgage Bankers Association reported the Weekly Mortgage Application Volume Index; the U.S. Commerce Department's Census Bureau reported June U.S. New Home Sales; Kevin has the details, sifts through the data, offers his insights, puts the data into historic perspective and offers an opinion or two. Oil and gas prices react to expected Russian cuts in gasoline exports, optimism over U.S. and European Union trade negotiations, sharper than expected draws on U.S. crude oil inventories, ongoing Russia and Ukraine peace talks and uncertainty over U.S. - China trade talks.