Good morning.
The Fast Five → Get ready for higher global interest rates for years to come, Trump heads to NATO Summit, BofA warns of 'snapback', chip stock bulls count on Samsung to soothe jitters, and small stocks are having their biggest run in decades...
📌 Trump Goes "All-In" on Grand Canyon Energy Breakthrough →
(from Behind The Markets)
Calendar: Full Calendar »
Today:
ISM Services PMI, 10:00A
Tomorrow:
None watched
Your 5-minute briefing for Monday, July 6:
BEFORE THE OPEN
As of market close 7/2/2026. Bitcoin as of 7/5/2026.
Pre-Market:
Market Wrap:
Futures: Dow -28 (-0.1%), S&P +0.4%, Nasdaq +1.3%
Dow enters the week near the 53,000 milestone
Tech led futures higher despite last week's chip rotation
Financials, healthcare, and industrials broadened the rally
Semiconductors posted a second straight weekly decline
Strategists see rotation supporting the broader bull market
Focus shifts to the Fed's June meeting minutes Wednesday
EARNINGS
Here’s what we’re watching today:
WED: Levi Strauss $LEVI ( ▼ 0.37% )
THU:
*PepsiCo $PEP ( ▲ 2.17% ) - $2.21 EPS (+4.2% YoY), on $24B revenue (+5.7% YoY)
FRI:
*Delta $DAL ( ▼ 0.33% ) - $1.47 EPS (-30% YoY) on $18.9B revenue (+13.2% YoY)
Gates Reversed a Decade-Old Position Overnight —
For ten years, Bill Gates told the world this energy source would never supply more than 5% of global power.
Five percent. That was his ceiling.
Then he flew to the Nevada desert. Walked the construction site. Talked to the engineers.
He told Bloomberg: “I now believe it could supply up to 20%.”
That’s a 400% jump in his estimate.
Then he invested $100 million.
Facebook’s co-founder put in $462 million. Tesla’s co-founder made a personal bet. Norway’s sovereign wealth fund took a position.
One company sits at the center of all of it.
Sixty years of operating history. Revenue approaching $1 billion. And an August 18th catalyst that locks in its advantage for eight years.
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HEADLINES
Donald Trump's war against Iran may be over, but the repercussions for global monetary policy are here to stay.
The Russell 2000 has climbed some 22% in the first six months of the year.
S&P, Nasdaq futures extend gains after a strong week on Wall St (more)
OPEC+ approves oil output increase as Hormuz exports start to recover (more)
Trump heads to NATO Summit to meet Zelenskyy, face wary allies (more)
BofA warns of 'snapback' as 'speculation is hitting extreme levels' (more)
Carry traders shift away from dollar for emerging-market bets (more)
Asian shares drop on chips, dollar edges higher (more)
South Korea starts 24-hour trading of dollar-won (more)
Dollar near two-week lows as rate-hike bets recede (more)
Oil slips after OPEC+ agrees to raise output targets (more)
Liquor stocks are priced for a Big Tobacco moment (more)
Big Tech's $3T struggle to secure enough electricity (more)
Foxconn second-quarter revenue jumps, but cautions on geopolitics (more)
Samsung likely to post 18-fold profit jump on surging AI memory demand (more)
Chip stock bulls count on Samsung to soothe AI trade jitters (more)
SK Hynix seeks access to AI investors in $29B US listing (more)
Nvidia supplier Hon Hai’s sales beat on continued AI demand (more)
DEALFLOW
M+A | Investments
Continental to sell ContiTech unit to Lone Star Funds for $4.6B
EasyJet agrees to Castlelake's £5 billion takeover offer
HCLTech wins $1.14B deal with European firm
iCON Infrastructure to buy Northern Fiber in rescue deal
Joulent receives $1.75B strategic minority investment from National Grid
VC
Celea Therapeutics, a clinical-stage biopharma company developing treatments for respiratory diseases, closed a $180M financing
Shortical, a mobile-first micro-series platform for scripted entertainment, secured $100M in user-acquisition financ
Venice AI, a privacy-focused generative AI and decentralized model inference platform, raised $65M in Series A funding
Qolab, a quantum computing hardware company, closed $54.2M in Series B financing
Xellar Biosystems, an AI-driven biotech company advancing a 3D Bio Intelligence platform, raised $50M in Series A and A+ financing
Luxonis, a robotics and industrial automation company, closed a $14M Series A funding round
KredosAi, an AI-powered collections platform that enhances revenue recovery through behavioral intelligence, raised $7M in Series A funding
Librari, a contract intelligence platform for businesses, raised $1.75M in Pre-Seed funding
Nudge, a company building commerce infrastructure for AI shopping, raised $1.1M in Pre-Seed funding
Artan Bio, a developer of tRNA therapies for mutation-driven aging biology, closed a $1M Seed funding round
Air Energy, a high-density energy storage company, closed a Seed funding round in undisclosed amount
CRYPTO
BULLISH BITES
💰 The state of ESG investing: How dire is it?
📉 The trillion dollar race to automate our entire lives.
💔 The supertanker tycoon making millions on Hormuz shuttle runs.
🥣 Which Founding Father are you?
DAILY SHARES
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