Good morning.
The Fast Five → Trump cools on his own trade pact, Warsh: Fed will not be comfortable with inflation above 2%, Apple seeks to buy Chinese-made memory chips, institutional investors turn to new hedging tactics, and Michael Burry cites ‘beginning of the end’ with new AI short bets…
📌 It's not too late to get in on Marc Chaikin's huge 4th of July flash sale. Marc is a 60-year Wall Street legend who called Nvidia before it soared 45,000%. His tools have helped famous investors like Steve Cohen build their billion-dollar empires. He's even been called "The Billionaire Maker." This weekend only, he's offering 74% off his flagship, Power Gauge Report, PLUS a year of free access to his Power Gauge Rating system - Claim yours before it’s gone »
(from Chaikin Analytics)
Calendar: Full Calendar »
Today:
Avg Hourly Earnings, 8:30A
Unemployment Rate, 8:30A
Tomorrow:
JULY 4th Holiday Observed 🇺🇸
Your 5-minute briefing for Thursday, July 2:
BEFORE THE OPEN
As of market close 7/1/2026.
Pre-Market:
Market Wrap:
Futures: Dow -53 (-0.1%), S&P -0.1%, Nasdaq -0.1%
Asia traded mostly lower, led by a sharp selloff in Korea
Dow erased a 423-point gain to finish near flat Wednesday
Chip stocks fell again, dragging the Nasdaq lower
Strategists see the semiconductor rotation as a healthy shiftlly
Rotation into other sectors keeps the broader bull market intact
Focus turns to Friday's June jobs report
EARNINGS
America's 250th Birthday Flash Sale
– This Weekend Only
Marc Chaikin, the 60-year Wall Street legend who called Nvidia before it soared 45,000%, is offering a first-ever sale on his flagship newsletter, Power Gauge Report - PLUS - complimentary access to his Power Gauge Rating system.
As a living Wall Street legend who’s been nicknamed "The Billionaire Maker," Marc is heavily discounting his analysis only until July 6th.
- a sponsored message from Chaikin Analytics -
HEADLINES
President Trump declined to renew the United States-Mexico-Canada Agreement, a pact he negotiated but now says he'd walk away from.
The US Fed chair also signaled inflation remains too high for his liking, but declined to offer hints on what the central bank might do later this month.
Wall Street ends choppy session lower as tech shares drop (more)
AI hopes and fears dominate global central bank meet (more)
US private employers added 98,000 jobs in June (more)
US factory activity eases off four-year high; input prices remain elevated (more)
Global manufacturing holds up, weathering war-driven cost pressures (more)
Dollar steady as focus turns to US payrolls (more)
Oil prices fall after US-Iran talks conclude in Doha (more)
Institutional investors turn to new hedging tactics as risks evolve (more)
Apple seeks to buy Chinese-made memory chips by lobbying US (more)
Samsung Electronics, SK Hynix shares tumble over 7% (more)
Tech bull Ives slaps $190 price target on SpaceX (more)
Meta, like SpaceX, looks to turn excess AI compute into cash (more)
Micron, GM sign semiconductor supply agreement for vehicles (more)
SoftBank renews talks for $10B loan against OpenAI stake (more)
Anthropic restores AI models Fable, Mythos after the US lifts export controls (more)
Swedish court says Google is to pay $1.5B to Klarna in antitrust damages (more)
Alibaba to pay $600M to resolve US drug sales probe (more)
DEALFLOW
M+A | Investments
Kroger to buy grocer Giant Eagle in $1.65B deal as competition heats up
FedEx sells supply chain unit to CMA CGM Group for $1.4B
National Grid invests $1.8B in AI power firm
Ascendia Autism Care receives private equity investment
VC
Etched, a company building frontier inference clusters, emerged from stealth with $800M raised across multiple financing rounds
TwelveLabs, a video intelligence company, raised $100M in Series B funding
Premier Lacrosse League, a men's professional lacrosse league, closed a $100M Series E financing
Aligned, an AI-powered deal workspace and digital sales room platform, raised $60M in Series B funding
CarbonSix, a Physical AI company focused on the manufacturing sector, raised $40M in Series A funding
Queue, a company building a fully autonomous robotic pharmacy, emerged from stealth with $12.6M in Seed funding
Proception.AI, a developer of dexterous robotic hands and tactile data pipelines for humanoid robots, raised $11M in Seed funding
Pictor Holdings, a global targeted proteomic platform company, closed a $7.5M Bridge financing
Materna Medical, a novel OBGYN platform company, closed $5M B3 financing
Devplan, an intelligence platform for AI-native product development, emerged from stealth with $2.5M in Seed funding
Appnigma AI, an AI-powered enterprise software integration platform, closed its Pre-Seed funding round
CRYPTO
BULLISH BITES
🎁 For America's 250th birthday, a gift for at least 250 people »
💰 Trump Accounts launch July 4. Here’s everything parents need to know.
📉 Michael Burry cites ‘beginning of the end’ with new AI short bets.
💔 The pro-AI movement is splintering.
🥣 The family keeping watch over a 52-year-old pot of soup.
DAILY SHARES
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