Change of plans

Trump ‘not planning’ to fire Powell, Wall St CEOs seeing tariff impact on buyer behavior, crypto bills stumble for a second day, Jensen Huang sells another $37M worth of Nvidia stock, and Zuck is pouring billions into 'personal superintelligence'...

Good morning.

The Fast Five → Trump ‘not planning’ to fire Powell, Wall St CEOs seeing tariff impact on buyer behavior, crypto bills stumble for a second day, Jensen Huang sells another $37M worth of Nvidia stock, and Zuck is pouring billions into 'personal superintelligence'…

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Calendar: (all times ET) - Full Calendar

  • Today:
    Initial jobless claims, 8:30A
    Retail sales, 8:30A
    Business inventories, 10:00A

  • Tomorrow:
    Housing starts, 8:30A Consumer sentiment, 10:00A

Your 5-minute briefing for Thursday, July 17:

BEFORE THE OPEN

As of market close 7/16/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 41.38% for Week of JUL 10 2025

Updates every Friday.

Market Wrap:

  • Futures slip: Dow -82 pts (-0.18%), S&P & Nasdaq -0.2%

  • Stocks rose Wed: Dow +231 (0.53%), S&P +0.3%, Nasdaq +0.26%

  • Trump denies plan to fire Fed Chair Powell

  • Markets shook off earlier firing rumors

  • June retail sales, jobless claims due this morning

  • Market eyes Powell drama but focus stays on earnings

EARNINGS

Here’s what we’re watching this week:

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HEADLINES

“No, we're not planning on doing anything,” Trump told reporters in response to a question about whether he wanted to fire Powell.

Experts warned that if the administration were to actually remove Powell, more severe volatility could ensue.

  • Dow adds 200 pts, S&P rises in volatile trading on Powell firing confusion (more)

  • US producer prices flat in June, but tariffs lift goods costs (more)

  • US economic activity up but outlook pessimistic, Fed says (more)

  • Wholesale inflation measure was unchanged in June (more)

  • Crypto regulation stumbles in Congress for a second day (more)

  • Oil rises as demand hopes and economic data lift sentiment (more)

  • Trump eyes tariff rate of 10% or 15% for more than 150 countries (more)

    • Says India trade agreement is close, Europe deal possible (more)

  • Wall Street CEOs stress Fed independence amid Powell attacks (more)

  • Nvidia CEO Jensen Huang sells another $37 million worth of stock (more)

  • Zuckerberg is pouring billions into plans for 'personal superintelligence' (more)

  • JPMorgan is now worth more than three largest rivals combined (more)

  • Scale AI cuts 14% of workers after Meta investment, hiring of founder Wang (more)

  • Peter Thiel just bought a big stake in Tom Lee’s Ether company, shares surging (more)

DEALFLOW

M+A | Investments

  • Bahrain announces $17 billion investment in US deals

  • Starwood, Brookfield strike $2.2B real estate deal

  • IonQ acquires Capella Space

  • Nuqleous receives investment from Rubicon Technology Partners

  • FundApps receives equity investment from FTV Capital

VC

  • Function, a startup transforming BTC into a trusted asset across decentralized finance, raises $10M in Seed funding

  • Bedrock Robotics, a company developing autonomous systems for the construction industry, emerged from stealth with $80 M in Seed and Series A funding

  • Eton Solutions, a wealth management platform that single and multi-family offices to manage assets, raised $58M in Series C funding

  • Agora, a remote stablecoin startup, raised $50M in Series A funding. The round was led by Paradigm, with participation from Dragonfly

  • Firestorm Labs, Inc., an expeditionary manufacturing company, raised $47M in Series A funding

  • Unify, a platform supporting go-to-market and accelerating pipeline growth, raised $40M in Series B funding

  • Crash Override, an ERM platform provider, raised $28 M in Seed funding

  • HOPE Hydration, a company deliversing free filtered water through its digitally connected water refill HydroStations™, closed a $20M Series A funding

  • Felt, a provider of a cloud-native geographic information systems (GIS) platform, raised $15M in funding

  • H2Ok Innovations, a provider of patented inline sensors powered by science and AI to run faster factories, raised $12.42M in Series A funding

  • Quandri, an AI platform modernizing servicing work for insurance brokerages and agencies, raised $12M in funding

  • Rwazi, a simulation engine and decision‑AI copilot, raised $12 M in Series A funding

  • Retirable, a retirement platform provider, raised $10 M in Series A funding, including a previously unannounced $4.7 M Seed++ round

  • Billee Technologies, a utility management platform, closed its $9.15 M Seed financing round

  • Little Sesame, a hummus brand, raised $8.5M in Series A funding

  • Chariot Defense, a defense technology company, raised $8 M in Seed funding

  • Coverflow, an AI insurance platform, raised $4.8 M in Seed funding

  • Warden AI, an AI auditing platform, raised an undisclosed round

CRYPTO

  • Three US crypto bills revived after initial failure in House vote (more)

  • Trump’s World Liberty crypto tokens to become tradable (more)

  • Bitcoin digests US PPI win with $120K liquidity grab on bulls' radar (more)

BULLISH BITES

🚨 Big Oil just went all-in on AI — here’s the one stock to watch. * 

👋 Why Kraft Heinz is considering a split.

❤️‍🩹 AI is about to solve loneliness. That’s a problem.

💰 Mapped: The richest person in every US state.

🧩 Custom-made puzzles for $9,000? Puzzling, indeed.

DAILY SHARES

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