401(k) shakeup

Bitcoin rallies as Trump signs order on 401(k)s, investors react to Trump’s Fed pick, Trump signs 'debanking' order after claiming discrimination, Tesla disbands Dojo supercomputer team, and Intel falls after Trump calls for its CEO to ‘resign immediately’...

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Market Briefing
August 08, 2025

Good morning.

The Fast Five → Bitcoin rallies as Trump signs order on 401(k)s, investors react to Trump’s Fed pick, Trump signs 'debanking' order after claiming discrimination, Tesla disbands Dojo supercomputer team, and Intel falls after Trump calls for its CEO to ‘resign immediately’…

📌 Trump's about to prove everybody wrong. He's been ridiculed for his moves in the trade war… But everything is about to make perfect sense the moment people see Trump's "New Golden Age" tech. Because this little-known technology could ignite a $12T manufacturing revolution… And early investors could see serious gains. Go here to discover Trump's tech.  (ad)

Calendar: (all times ET) - Full Calendar

  • Today:
    none scheduled

  • Monday:
    none scheduled

Your 5-minute briefing for Friday, Aug 8:

BEFORE THE OPEN

As of market close 8/7/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 34.87% for Week of AUG 07 2025

Previous week: 40.33%

Market Wrap:

• Futures rise: Dow +83, S&P/Nasdaq +0.2%
• Yesterday: Dow -224pts (0.5%), Nasdaq +0.4%, S&P -0.08%
• 100% chip tariff exempts firms building in US
• Trump taps Stephen Miran for Fed Board seat
• Weekly gains: S&P +1.6%, Dow +0.9%, Nasdaq +2.9%
• Earnings today: Under Armour, AMC Networks, Wendy’s

EARNINGS

Here’s what we’re watching this week. (*) indicates before the bell

The Truth About Trump and Musk?

If you think there's something strange about the "feud" between Trump and Musk…

Because it explains what could REALLY be going on behind the scenes…

And how it could hand investors a stake in a $12 trillion revolution.

- sponsored by Brownstone Research - 

HEADLINES

President Trump signed an executive order smoothing the way for 401(k) administrators to include private assets in their plan offerings.

Trump’s move to fill a slot at the Fed on a temporary basis offers him a chance to install an ally at the central bank, while giving him more time to weigh an even larger decision: who will be the next Fed Chair.

  • Dow closes more than 200 points lower Thursday in sharp reversal (more)

  • Investors react to news Miran picked by Trump to be Fed Governor (more)

  • Stagflation concerns ripple through Wall Street as tariffs hit (more)

  • Trump signs 'debanking' order after claiming discrimination (more)

  • Trump demands Intel CEO resign, alleging conflicts over China ties (more)

    • Intel falls after Trump calls for its CEO to 'resign immediately' (more)

  • Waller emerges as favorite for Fed Chair among Trump team (more)

  • J.P.Morgan sees Fed cutting rates at each of its next four meetings (more)

  • Bessent says labor data clean-up should have happened long ago (more)

  • Trump doubles tariff on India to 50%, sparking outrage in Delhi (more)

  • US imposes tariffs on one-kilo gold bars (more)

  • Japan urges revision of US presidential order on tariffs (more)

  • Continuing jobless claims rise to highest since end of 2021 (more)

  • Tesla disbands Dojo supercomputer team in blow to AI effort (more)

IN PARTNERSHIP WITH TANGLE

Real News for Real People — Not Partisans

Feeling like you want to get off the rollercoaster of polarizing politics? Read Tangle — an independent and nonpartisan political newsletter recently profiled on This American Life for helping to bridge the gap between politically divided families. Each day, the newsletter unpacks one important news story, examining it from all sides of the political spectrum.

DEALFLOW

M+A | Investments

  • Doximity buys Pathway Medical for $63M to help doctors get AI-powered answers

  • PartnerOne acquires Monster Government Solution

  • Marqeta completes TransactPay acquisition

  • Paramount closes $8.4B merger with Skydance

  • Ten Thousand receives investment from Forza Capital

VC

  • Decart, an AI company developing real‑time video generation, raised $100M in funding, at $3.1B valuation

  • Capacity, an AI‑powered support automation platform for Contact Centers, received a $92M investment

  • Kustomer, an AI‑powered customer service company, raised $30M in Series B funding

  • Casap, a company specializing in intelligent automation for dispute and fraud operations, raised $25M in Series A funding

  • Maxwell Biosciences, a health tech company providing a new category of immune‑inspired small molecules, raised $20M in funding

  • FORT Robotics, a provider of a safety and security solutions for intelligent machines, raised additional $18.9M in Series B funding

  • Strand Therapeutics, a company specializing in new mRNA‑based therapeutics, raised $153M in Series B funding

  • Orbital Operations, a Y Combinator startup developing high‑thrust orbital vehicles for national security missions, raised $8.8M in Seed funding

  • Menos AI, an AI‑native fintech company built for investment professionals, raised $5.2M in Seed funding

CRYPTO

  • Bitcoin rises as President Trump clears path for crypto in 401(k)s (more)

  • Crypto’s $25 billion spree sparks unease even among insiders (more)

  • Winklevoss twins deepen ties to Trump family with Bitcoin mining investment (more)

BULLISH BITES

🍎 Apple made a 24k gold and glass statue for Donald Trump.

🤖 AI could change seed-stage VC math.

🦅 American Eagle doubles down on controversial ad campaign.

🙏 The rise of Silicon Valley’s techno-religion.

DAILY SHARES

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