Kevin covers and discusses the following stories: update on Pacific Hurricanes Lowell, Karina and Tropical Disturbance #1 Marie; a surprise call I received from the Federal Reserve in Washington, D.C.; the U.S. Labor Department released the Weekly Jobless Claims and Continuing Claims; the Federal Reserve released their Summary of Commentary on Current Economic Conditions by Federal Reserve District, "the Beige Book"; oil prices react to new U.S. strikes on Iran, renewed Israeli threats against Iran, Strait of Hormuz crossings dip below average and an increase in crude oil exports from Iraq; Kevin has the details, digs into the data, puts the information into historical perspective, offers his insights and some opinions.