Daily Wrap: Epic vs. Apple Enters New Phase as Court Battle Over App Store Fees Escalates

Lead Epic vs. Apple Enters New Phase as Court Battle Over App Store Fees Escalates. Long-duration Treasuries is -0.11% as traders track AUD Westpac Consumer Confidence. Session narrative The daily wrap is built from the filtered SquawkNews tape, market snapshots, macro calendar items and public schedule context. US close, global settlement and next session setup The tape is led by Epic vs. Apple Enters New Phase as Court Battle Over App Store Fees Escalates. The brief treats repeated headlines as continuing context rather than separate catalysts, so the reader can see whether the tape is expanding a story or merely recycling it. The editorial priority is to separate actionable catalysts from background commentary and to show where the next source of risk is likely to appear. Cross-asset check Long-duration Treasuries -0.11% (rates). The move list is restricted to verified snapshot data and excludes small filler changes that do not change the trading setup. If the board is quiet, that is treated as information: the next catalyst may matter more than the last tick. A clean cross-asset brief should connect the headline tape with rates, FX, commodities and index futures, but only when the context has verified data to support that connection. Themes & continuing stories Macro: SPY Preview for tomorrow June CPI data. At 8:30 am et, headline Consumer Price Index (CPI) headline M/M for June is expected to fall (-0.1%) / Update: WTI Oil Surges 9.2% as an Escalating US-Iran Conflict Threatens Strait of Hormuz Geopolitics: Epic vs. Apple Enters New Phase as Court Battle Over App Store Fees Escalates / Trump On Iran: We Will Hit Them Very Hard Tonight And Tomorrow Central Bank: US Market Wrap 13/07/2026: US Says Iran Blockade To Start At 20:00 GMT Tues / Federal Reserve Watch for July 13: Waller Concerned About Elevated Core Inflation Continuing Brief: Daily Wrap: A pivotal inflation report and bank earnings frame the week ahead. Previous same-slot context: Daily Wrap: A pivotal inflation report and bank earnings frame the week ahead.. Latest prior brief context: US Midday: Midday Fly By: Apple sues OpenAI, MGM in talks with Diller's People. Themes remain on the board only when they are supported by fresh headlines, verified moves, or scheduled catalysts that can change the next trading window. What’s ahead 00:30 UTC - AUD Westpac Consumer Confidence; AU, previous -2.9 03:00 UTC - CNY Trade Balance USD; CN, previous 105.43 03:00 UTC - CNY Trade Balance CNY; CN, previous 723.98 03:00 UTC - CNY Imports (YoY) CNY; CN, previous 21.5 03:00 UTC - CNY Imports (YoY); CN, previous 27.4 03:00 UTC - CNY Exports (YoY) CNY; CN, previous 13.8 The next scheduled brief should compare the same themes against the fresh tape, so traders can see what faded, what accelerated and what moved from background risk into the active trading narrative. Until then, the desk should treat unconfirmed headline flow as context and wait for market confirmation before assigning it more weight.