London talks

US-China to hold trade talks in London today, retail traders pile into Tesla as Trump-Musk spat hit stock, China central bank extends gold-buying streak, Meta in talks for $10 billiion Scale AI investment, and markets are primed for US IPO revival...

Good morning.

The Fast Five US-China to hold trade talks in London today, retail traders pile into Tesla as Trump-Musk spat hit stock, China central bank extends gold-buying streak, Meta in talks for $10 billiion Scale AI investment, and markets are primed for US IPO revival

📌 Musk and Trump's new feud is all over the news... But what no one has reported – yet – is this: Before he left Washington, Elon Musk left a "parting gift" to folks, which could help you double your money multiple times this year. Everything you need to know is right here. (ad)

Calendar: (all times ET) - Full Calendar

  • Today:
    Wholesale inventories, 10:00A

  • Tomorrow:
    None watched

Your 5-minute briefing for Monday, June 9:

BEFORE THE OPEN

As of market close 6/6/2025. Bitcoin as of 6/8/25.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 32.89% for Week of MAY 29 2025

Previous week: 37.70%.

Market Wrap:

  • Futures flat: S&P -0.1%, Nasdaq -0.2%, Dow -45 (-0.1%)

  • S&P 500 closes above 6,000 — first time since Feb

  • Cyclicals lead, signaling market optimism

  • US–China trade talks set for Monday in London

  • Apple’s WWDC kicks off; stock down 18% YTD

  • CPI due Wed, PPI Fri — inflation in focus

EARNINGS

No earnings watched today.

  • Tuesday: 

    • GameStop $GME ( ▲ 0.09% ) - earnings of $.08 per share vs a loss of 12 cents a year ago - on $750M revenue

  • Wednesday:

  • Thursday:

Elon Musk and President Trump's new feud is all over the news...

But what no one has reported – yet – is this:

Before he left Washington, Elon Musk left a "parting gift" to folks, which could help you double your money multiple times this year.

As you'll see, this final move has nothing to do with electric vehicles, the spending bill, or anything else being reported right now.

Elon even left behind a successor (another billionaire tech insider) embedded inside the White House to make it a reality.

By July 22 – at the absolute latest – Elon's Final Gift could see trillions of dollars change hands.

Make no mistake... this is the Elon story no one is telling right now.

And it could create more wealth than all of his previous ventures... put together.

Rob Spivey
Director of Research, Altimetry

- a message from Altimetry -

HEADLINES

Officials from both sides are set to talk on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.

Retail Traders Pile Into Tesla After $152 Billion Selloff

Vanda Research data showed self-directed investors net purchased $201.3M of Tesla shares after trading $2.6B in volume, making it the second-most bought stock by that group.

  • Treasury yields inch lower ahead of US-China trade talks in London (more)

  • US Inflation to tick higher as tariffs reach consumers (more)

  • US job growth slows as tariff uncertainty leaves businesses in limbo (more)

  • ‘Most unloved bonds’ turn routine US auction into crucial test (more)

  • Dollar slips after rally, focus shifts to US-China trade talks (more)

  • Gold drops as US-China trade deal hopes ease safe-haven demand (more)

  • China Central Bank extends gold-buying streak for seventh month (more)

  • Trump says China's Xi agreed to let rare earth minerals flow to US (more)

  • DOGE given access to Americans' Social Security data by Supreme Court (more)

  • Tesla shares gain after $152B selloff, but Trump-Musk truce uncertain (more)

  • Meta in talks for scale AI investment that could top $10 billion (more)

  • Apple event to put focus on ‘existential risk’ of AI struggles (more)

  • Sam Altman brings his eye-scanning identity verification startup to the UK (more)

  • Public markets primed for US IPO revival despite tariff uncertainty (more)

DEALFLOW

M+A | Investments

  • Qualcomm agrees to buy chip firm Alphawave for $2.4 billion

  • L’Oreal to buy majority stake in UK skincare brand Medik8

VC

  • Rails, a hybrid crypto exchange, raised $14M in funding

  • Impart Security, an AI security platform, raised $12M in Series A funding

  • Rosebud, an AI journaling app, raised $6M in Seed funding

CRYPTO

  • Trump crypto-wallet spat ends with World Liberty buying memecoin (more)

  • Winklevoss Twins’ Gemini makes confidential SEC filing for IPO (more)

  • Metaplanet shares jump after $5.4B plan to buy Bitcoin (more)

BULLISH BITES

💔 Trump-Musk split unleashes tidal wave of emotion and unsolicited advice.

💰 Clean energy investment hits new highs and shows no sign of slowing.

🤖 AI startups continue fueling San Francisco’s office recovery.

🚙 The car of the future will transform the great American road trip.

DAILY SHARES

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