The Boeing 787-9.

The Paris Air Show:

So far the Paris Air Show has been a success for the world’s aircraft manufacturers. As The Wall Street Journal notes “The world’s two largest aircraft makers booked roughly $42 billion in deals on the first day of the weeklong aerospace extravaganza. Bombardier Inc., Embraer SA and other plane makers also secured new orders.”

Boeing and Airbus Ready Themselves for the Show:

Air Travel Continues to Rise:
air passengers carried

What We’re Reading:

Notable & Quotable: Milton Friedman (The Wall Street Journal)
Speech inflation: Why Bill Clinton, George W. Bush, and others get massive speaking fees (Fortune)
How the Fed’s East Coast Tilt Warps Monetary Policy (The Wall Street Journal)
More unintended consequences of Fed’s 7 lean years in bond market. (The Wall Street Journal)
Bernanke bubble radar still broken. (The Wall Street Journal)
Cheat sheet for lowest hotel rates (Lifehacker.com)
The 3:00 trading frenzy. (The Wall Street Journal)