How businesses connect with customers defines their brand. Sierra is the AI platform for building better, more human customer experiences. Fast answers, no canned responses, no hold music, no frustration. Visit sierra.ai to learn more. Here's your Midday Brief for Friday, June 13th. I'm Zoe Kolkin for The Wall Street Journal. Israel launched more attacks against Iran, hours after wide-ranging strikes on the country's nuclear program and military leadership.
The head of the Islamic Revolutionary Guard Corps was killed, and dozens of targets were hit in an operation that pushes the region into a new conflict with uncertain consequences. President Trump told The Wall Street Journal today that he was aware of Israel's plans to attack Iran. Iranian Supreme Leader Ayatollah Ali Khamenei said Israel should expect severe punishment for the strikes. Oil prices surged and stocks dropped after the Israeli attack. Energy and defense stocks gained while airline shares fell.
Investors rushed to assets perceived as less risky. Gold rose 1% and the dollar strengthened. Wall Street's fear gauge, the SIBO Volatility Index, stood 13% higher today at about 20.4, following Israel's attack on Iran's nuclear program and military leadership overnight. Generally, levels above 20 indicate increased investor anxiety.
Meanwhile, U.S. consumer sentiment picked up in June. A survey by the University of Michigan showed the preliminary reading for the month coming in at 60.5, up from 52.2 in May, exceeding economists' forecast. And the world's largest meat company, JBS, made its debut on the New York Stock Exchange, after delisting its shares from Brazil's Sao Paulo Stock Exchange last week, where they had traded for almost two decades. The
The $15 billion Brazilian meatpacking conglomerate brings to U.S. markets a sprawling global operation, but also the baggage of a corruption case involving two of its founding family members. We'll have more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
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