Nvidia crowned

Trump: 50% tariff on copper will begin Aug. 1, Trump sends more letters dictating high tariff rates, Nvidia becomes first company to hit $4 trillion market cap, Linda Yaccarino steps down as CEO of X, and what happened to Tesla’s annual shareholders meeting?

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Market Briefing
July 10, 2025

Good morning.

The Fast Five →  Trump: 50% tariff on copper will begin Aug. 1, Trump sends more letters dictating high tariff rates, Nvidia becomes first company to hit $4 trillion market cap, Linda Yaccarino steps down as CEO of X, and what happened to Tesla’s annual shareholders meeting?

📌 Jeff Clark: “Unlike most investors, I don't fear volatility. I hunt it. I use a straightforward strategy built to thrive in times like this. It's a three-step method that turns those big market swings into fast paydays.” See how it works → (ad)

Calendar: (all times ET) - Full Calendar

  • Today:
    Initial jobless claims, 8:30A

  • Tomorrow:
    Monthly federal budget, 2:00P

Your 5-minute briefing for Thursday, July 10:

BEFORE THE OPEN

As of market close 7/9/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 35.07% for Week of JUN 26 2025

Previous week: 33.21%.

Market Wrap:

• Futures near flat after S&P rebound: Dow -37pts (0.1%); S&P, Nasdaq steady
• Trump slaps 50% tariff on Brazil over trade, Bolsonaro trial
• Brazil vows to respond under reciprocity law
• AI boom lifts markets; Nvidia briefly tops $4 trillion
• Fed minutes show split on rate cut path
• Jobless claims due this morning

EARNINGS

Another light week. Here’s what we’re watching:

Market downturns are painful for most. But not for Jeff Clark… His Crossfire strategy thrives when markets spiral out of control, delivering gains like 388%, 1,263%, and 1,285%... sometimes in as little as two days. If you want to be prepared to profit from the next market downturn, watch his new video walkthrough. He explains the whole thing from beginning to end, and it won't cost you a penny.

HEADLINES

The decision was made after he received a national security assessment, Trump said in a post on Truth Social. Copper prices rose 2.62%, following Trump’s latest announcement.

Nvidia stock rose 2.76% after the market opened on Wednesday to hit an intraday record high that pushed its market value above the $4 trillion mark.

  • Trump sends more letters dictating high tariff rates around the world (more)

  • Brazil Assets Plunge After Trump Hikes Tariff Rate to 50% (more)

    • Brazil will respond to Trump’s 50% tariff with ‘reciprocity’ (more)

  • Trump: US interest rate is at least 3 points too high (more)

  • Gold edges higher on softer dollar (more)

  • Kellogg shares jump 50% on report of possible $3 billion deal with Ferrero (more)

  • Microsoft shares $500M in AI savings internally after cutting 9,000 jobs (more)

  • Apple readies first upgrade to its struggling Vision Pro headset (more)

  • Linda Yaccarino steps down as CEO of Elon Musk’s X (more)

  • What happened to Tesla’s annual shareholders meeting? (more)

  • AI chip startup Groq discusses $6 billion valuation (more)

  • Perplexity launches AI-powered web browser for select subscribers (more)

  • Online sales reach $7.9 billion in first 24 hours of Amazon Prime Day (more)

DEALFLOW

M+A | Investments

  • Ferrero nears $3 B acquisition of WK Kellogg

  • Merck to acquire Verona Pharma for ~$10 B

  • Autodesk reportedly weighs takeover of PTC

  • A-LIGN receives investment from Hg

  • Technical Toolboxes receives growth investment from BVP Forge

VC

  • MaintainX, a maintenance and asset management platform, raised $150M in funding

  • Phil, a pharmaceutical commercialization platform, received $60M growth debt financing from K2 HealthVentures

  • Neuros Medical Inc., a maker of the Altius® Direct Electrical Nerve Stimulation System, raised $56M in Series D financing

  • ServiceUp, a tech platform to manage vehicle repairs, raised $55M in Series B funding

  • Inshur, a provider of insurance solutions for the on‑demand economy, received $35M in Growth financing

  • Nominal, an AI-native ERP startup, raised $20M in Series A funding

  • Polimorphic, a company using AI to digitize resident services for local governments and their constituents, raised $18.6M in Series A funding

  • Layer, an embedded accounting platform for SMB software, raised $6.6M in Seed funding

  • ZeroEntropy, a startup that makes an AI retrieval engine for developers, raised $4.2M in Seed funding

CRYPTO

  • Bitcoin breaks $112,000 in first as traders defy tariff angst (more)

  • SEC's 'crypto mom' says tokenized securities are still securities (more)

  • Trump family-backed business votes on making governance token tradable (more)

  • Trump Jr. invests in social media firm building crypto hoard (more)

BULLISH BITES

📈 Google’s unloved stock makes it a big Tech bargain.

😎 Altman, Iger and Cook arrive at ‘summer camp for billionaires’ in Sun Valley.

👟 How On creates its spray-on running shoes.

🐕‍🦺 Bentley's new EV concept comes complete with swiveling seats and a dog bed.

DAILY SHARES

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