Good morning.
The Fast Five → Risk rally powers past war stalemate, SpaceX’s IPO forces Wall Street to reorganize around it, Fed policymakers eye possible rate hike, oil rises from six-week low, and Berkshire Hathaway to buy Taylor Morrison for $6.8B in housing bet…
📌 Check Your Power Bill: New 'AI Tax' Rolling Out Nationwide →
(from Altimetry)
Calendar: Full Calendar »
Today:
ISM Manufacturing PMI, 10:00A
Tomorrow:
JOLTS Job Openings, 10:00A
Your 5-minute briefing for Monday, June 1:
BEFORE THE OPEN
As of market close 5/29/2026. Bitcoin as of 5/31/2026.
Pre-Market:
Market Wrap:
Futures flat Dow -30, S&P flat, Nasdaq flat
Nasdaq gained 8% in May, S&P +5%, Dow +3%
Major indexes enter June at record highs
US and Iran reach 60-day ceasefire framework
Oil rebounds after steepest monthly drop since April 2025
Markets expect eventual Iran deal to be finalized
Friday jobs report now the week's key market catalyst
EARNINGS
Here’s what we’re watching this week:
TUE: Ulta Beauty $ULTA ( ▼ 1.06% )
Dollar General $DG ( ▼ 0.88% ) - $1.88 EPS (+5.6% YoY) on $10.81B revenue (+3.6% YoY)
WED: Macy’s $M ( 0.0% ), Five Below $FIVE ( ▲ 1.19% ), Petco $WOOF ( ▼ 0.66% )
Broadcom $AVGO ( ▲ 3.64% ) - $2.39 EPS (+51.3% YoY) on $22.08B revenue (+47.2% YoY)
THU: Lululemon $LULU ( ▲ 1.23% )
’Please, Please, Please’: OpenAI CEO Sam Altman Begs Small Company for Help
As reported by Financial Times, those are the exact words OpenAI CEO Sam Altman spoke on an open line to a small company in Arapahoe County, Colorado... which now controls what could be the most important technology in the world.
Altman is desperate to get his hands on it... and he's not alone. This tech is now backed by Elon Musk, Jensen Huang, and more.
- a sponsored message from Altimetry -
HEADLINES
Three months into the Iran war, it has become all but impossible to damp the bullish spirit driving global markets for risky assets.
Wall Street has seen blockbuster IPOs in the past. None have blitzed through its operating machinery like SpaceX.
Stock futures are little changed after closing May with record highs (more)
More Fed policymakers eye possible rate hike as inflation risks rise (more)
Rising exports lower US goods trade deficit in April (more)
Oil rises from six-week low amid US-Iran deal uncertainty (more)
Dollar steadies as markets await signals on Iran war, central banks (more)
Asia stocks count on AI boom to offset Gulf risks (more)
China’s factory activity worsens, raising questions over its economy (more)
Nvidia CEO to kick off and dominate Computex gathering in Taipei (more)
SpaceX wins $4.16B US Space Force contract for threat-detection (more)
IPOs are no longer Wall Street's starting line — they're the exit ramp (more)
Berkshire sold $8 bln of Chevron shares as prices soared (more)
Blackstone-backed Liftoff targets $3.7B valuation in US IPO (more)
Sozzi: Big Tech companies are screwing the average investor (more)
DEALFLOW
M+A | Investments
Berkshire Hathaway to buy Taylor Morrison for $6.8B in cash
Apex Service Partners receives investment from Apollo Funds and Alpine Investors
VC
Corgi, an insurance platform, raised $161M in Series B1 funding
Reactor, a developer platform for real-time generative video, raised $59M in funding
LightTable, an AI-native platform provider for pre-construction, raised $22M in Series A financing
Lokam.ai, a voice-first AI platform built for automotive dealerships, raised $350K in funding
EarSmartAI, a consumer diagnostic platform, raised $250K in Pre-Seed funding
Reprogram Biosciences, a preclinical oncology biotech company, raised an undisclosed amount in Seed funding
'Ôrəbella, a fragrance brand, raised an undisclosed amount in funding
CRYPTO
BULLISH BITES
🤖 Corporate America is starting to ration AI as cost skyrockets.
🤦🏼 Bill Gates humiliated as his cringe PR tactics exposed.
🧳 How to pack like a pro for summer travel.
👩🏻✈️ The longest-serving flight attendant prepares to retire.
DAILY SHARES
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