Breaking records

Trump announces 35% tariffs on Canada, Bitcoin sets another record high for a second straight day, Jensen Huang meets with Trump, Media moguls land in Sun Valley, and Xi signals China may finally tackle price wars...

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Market Briefing
July 11, 2025

Good morning.

The Fast Five →  Trump announces 35% tariffs on Canada, Bitcoin sets record high for a second straight day, Jensen Huang meets with Trump, Media moguls land in Sun Valley, and Xi signals China may finally tackle price wars…

📌 After Nvidia's latest earnings call, Huang said AI now requires "100 times more" power. We believe this exponential increase in energy required to power AI is going to lead to a gold rush in a small set of stocks critical to this push. Learn more about these under-the-radar companies critical to AI here → (ad)

Calendar: (all times ET) - Full Calendar

  • Today:
    Monthly federal budget, 2:00P

  • Monday:
    none watched

Your 5-minute briefing for Friday, July 11:

BEFORE THE OPEN

As of market close 7/10/2025.

Pre-Market:

Market Wrap:

• Futures flat after S&P, Nasdaq close at records
• Thu: S&P +0.27% to 6,280; Nasdaq +0.09%; Dow +192 pts (+0.43%)
• Market shrugs off Trump’s new 50% copper, Brazil tariffs
• Nvidia’s $4T moment sparks tech rally
• Consumer discretionary leads Thursday’s gains
• Citi: Rally needs stronger macro + Fed cuts to sustain

EARNINGS

None watched today. See full calendar here »

The Best Way to Invest in the AI Boom Right Now

Nvidia CEO Jensen Huang recently said AI requires "100 times more" power.

That means the best way to invest in AI right now has nothing to do with technology …

And everything to do with energy.

One stock appears to be perfectly positioned to dominate right now …

Thanks to AI's rapidly growing energy demands.

-Chris Hurt, Host
Wealth Megatrends
Weiss Ratings

HEADLINES

President Trump on Thursday announced a 35% tariff rate for goods imported from Canada, starting Aug 1. He attributed fentanyl and Canada’s retaliatory tariffs as reasons for the rate.

Bitcoin climbed past $116K on Wednesday, setting another all-time high just a day after clearing $112K amid renewed institutional interest and a wave of inflows into spot ETFs.

  • S&P, Nasdaq close at fresh records as traders shake off tariff worries (more)

  • Xi signals China may finally tackle deflationary price wars (more)

  • JPMorgan’s Dimon warns markets are complacent on tariffs (more)

  • Fed's Daly says two rate cuts remain on the table for this year (more)

  • White House accuses Powell of mismanaging Federal Reserve (more)

  • US weekly jobless claims unexpectedly slip to 7-week low (more)

  • Gold rises on Trump's latest tariffs, firmer dollar caps gains (more)

  • Nvidia's Huang meets Trump at WH before leaving for China trip (more)

  • Delta’s stock soars 12% on signs of ‘stabilized’ travel demand (more)

  • Tesla moves to expand Robotaxi to Phoenix, following rival Waymo (more)

  • Elon Musk says Grok is coming to Tesla EVs (more)

  • Media moguls land, humbled, in Sun Valley (more)

DEALFLOW

M+A | Investments

  • T‑Mobile gets DOJ approval to acquire UScellular for $4.4 B

  • Ferrero to acquire WK Kellogg for about $3.1 B

  • Ulta Beauty acquires UK retail chain Space NK

  • Amplitude acquires Kraftful

  • Flutter to buy Boyd Gaming’s 5% stake in FanDuel for $1.76 B

VC

  • Bilt, a payments that transforms housing and neighborhood spend into rewards, raised $250M in funding at a $10.75B valuation

  • Harmonic, an AI lab leading the development of MSI, raised $100M in Series B funding round at a nearly $900M post‑money valuation

  • Ionic Mineral Technologies, a producer of advanced materials for energy, defense, and technology sectors, raised $29M in Series B funding

  • Datafy, an autonomous storage optimization startup, raised $20M in Seed funding

  • Vellum, an enterprise development platform provider for building, raised $20M in Series A funding

  • AirMDR, a company specializing in AI-native MDR, raised $15.5M in Seed funding

CRYPTO

  • Senate confirms Jonathan Gould as Comptroller of the Currency (more)

  • Bitcoin price expected to accelerate if daily close above $113K is secured (more)

  • US lawmakers to discuss crypto tax policy amid push to pass three bills (more)

BULLISH BITES

🚨 Nvidia’s Huang: AI is going to need 100x more power. * 

🙈 New York’s business elite don’t know much about Mamdani, and what they do know, they don’t like.

💔 Trump faces MAGA trust crisis over Epstein debacle.

🤑 What it takes to be wealthy in America: $2.3 million.

💸 GQ’s 150+ best Prime Day deals, painstakingly handpicked and vetted.

DAILY SHARES

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