Google is Working on a Kill Switch to Prevent an Artificial Intelligence Uprising

From engadget:

But it isn't ready to be implemented across the board just yet.





Humans don't like the idea of not being at
the top of the food chain; having something we've created taking power
over us isn't exactly ideal. It's why folks like Tesla mastermind Elon Musk and noted astrophysicist Stephen Hawking are so determined to warn us

How to Reconcile Peak Profit Margins And The Race To The Bottom

One of the conundrums of the current landscape is the fact that overall profit margins, although coming off the record levels of a couple years ago, are historically elevated at the same time vast swaths of the economy have to run faster just to stay in place.

This piece and the embedded links give some clues as to what's going on.

From FT Alphaville:

Do digital industries break capitalism?

A

"Crude Slumps As Active Oil Rigs Rise For Second Week In A Row"

We don't put a lot of stock in the Friday moves when the rig count comes out but in this case we may be seeing a reversal of the long established downtrend. The number of active rigs is really low.
From Barron's Focus on Funds:

So much for $50 a barrel.


Crude took a leg lower in early afternoon trading after a weekly
reading on the number of active U.S. oil rigs increased. Oilfield
services

Natural Gas: EIA Weekly Supply/Demand Report

From the Energy Information Administration:

In the News:
Near-month futures contract indicates expectations of rising prices
Heading into the summer cooling season, the New York Mercantile
Exchange (Nymex) natural gas contract for July has markedly exceeded
Henry Hub spot prices, likely reflecting expectations for summer natural
gas consumption to increase substantially from current levels.

USDA World Agricultural Supply and Demand Estimates Report (WASDE), June 10, 2016

Wheat down 8.25 cents at $5.02; corn up 2.5 cents at $4.29.





FinViz
From the U.S. Department of Agriculture:

WHEAT:
Projected U.S. wheat supplies for 2016/17 are raised this
month on both increased
beginning stocks and
larger winter wheat production. Beginning stocks
are raised slightly
with a 3-million-bushel decrease in 2015/16 imports partially
offsetting a 5-million-bushel

"European Banks Are Crashing"

From ZeroHedge:

From Deutsche Bank to Credit Suisse and from Barclays to Banco
Popolare, the European banking system is getting battered this week with today's plunge the biggest in 4 months...



This is the worst two week drop in European banks since April 2012...



As Deutsche falls back to record lows...



And it's not about top get any better as Europe's yield curve collapses...MORE 

Société Générale's Albert Edwards Has Some Troubling News He Reluctantly Shares

..."We remain at the bearish extreme of the market," he wrote. 


"It is not a pleasant place. It is cold, dark, and damp. People
either don'’t speak to you or send you abusive emails. Members of
your own family pretend not to know you. Actually, I made that
last bit up."...


From Business Insider:

ALBERT EDWARDS: 'CONDITION RED ALERT' — a recession is imminent

Albert Edwards