SVB 2.0

Stocks hit another record, Trump announces US-Vietnam trade deal, gas prices hits lowest level in years, Michael Saylor says ‘You’ll wish you’d bought more’ Bitcoin, and Peter Thiel and Palmer Luckey launch bank to fill SVB's gap...

Good morning.

*Market closes early today, 1:00P ET

The Fast Five Stocks hit another record, Trump announces US-Vietnam trade deal, gas prices hits lowest level in years, Michael Saylor says ‘You’ll wish you’d bought more’ Bitcoin, and Peter Thiel and Palmer Luckey launch bank to fill SVB's gap…

Calendar: (all times ET) - Full Calendar

  • Today:
    Initial jobless claims, 8:30A
    Employment report, 8:30A
    Trade deficit, 8:30A
    Factory orders, 10:00A

  • Tomorrow:
    Market holiday - July 4

Your 5-minute briefing for Thursday, July 3:

BEFORE THE OPEN

As of market close 7/2/2025.

Pre-Market:

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

Previous week: 33.21%.

Market Wrap:

• Futures flat ahead of June jobs report
• S&P, Nasdaq closed at record highs, Dow slipped 21 pts (-0.02%)
• Trump announced Vietnam trade deal with 20–40% tariffs
• ADP showed surprise drop of 33,000 private sector jobs
• Nonfarm payrolls expected to rise by 110,000
• Weak report could weigh on tech, boost rate cut hopes

EARNINGS

No earnings watched today. Market closes early (1:00P ET)
Closed tomorrow, July 4th.

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon’s greatest invention ever

Yes, even bigger than Tesla or SpaceX.

HEADLINES

The S&P rose 0.5% and set a record for the third time in four days. The Dow edged down by 10 points, or less than 0.1%, and the Nasdaq composite gained 0.9%.

Trump Announces US-Vietnam Trade Deal

He announced the deal days before a deadline paring back his “reciprocal” tariffs is set to expire, sending US duties on imports from dozens of countries soaring.

  • June jobs report on deck as Fed rate cut bets heat up (more)

  • Private sector lost 33k jobs in June, badly missing expectations for a 100k increase (more)

  • US private payrolls post first drop in more than two years; layoffs still low (more)

  • Gas prices set to hit lowest level since 2021 (more)

  • Nvidia reclaimed market value pole position in June (more)

  • Tesla reports record sales plunge from last year (more)

  • Oracle surges as it expands Stargate deal with OpenAI (more)

  • Peter Thiel and palmer Luckey launch Erebor Bank to fill SVB's gap (more)

  • Robinhood tops $100 to new record, gaining 30% since snub from S&P 500 (more)

  • Michael Saylor: ‘You’ll wish you’d bought more’ Bitcoin as Strategy doubles down (more)

  • Microsoft to cut workforce by 4% in latest round of layoffs (more)

  • Del Monte Foods files for bankruptcy (more)

  • Rivian receives the next $1B from Volkswagen as sales struggles continue (more)

DEALFLOW

M+A | Investments

  • Bunge completes $34 billion merger with Viterra

  • FTC issues 2nd request for SoftBank's $6.5 billion Ampere acquisition

  • LevelBlue to acquire Trustwave

  • Liftoff, an AI-powered performance marketing platform, received a minority investment from General Atlantic

VC

  • Terra CO2, a low‑carbon building materials company, raised $124.5M in equity capital

  • Savvy Wealth, a digital-first platform for financial advisors centered around optimizing human financial advice, raised $72M in Series B funding

  • Wonderful, an Israeli developer of an AI agents platform, raised $34M in Seed funding

  • Remark, a Boston, MA-based company building human-trained AI product experts for commerce, raised $16M in Series A funding

  • Circulate Health, a longevity startup specializing in therapeutic plasma exchange, raised $12M in Seed funding

  • Argon AI, an AI-native workspace purpose-built for life sciences, raised $5.5M in Seed funding

  • Metafide, a startup combining human intuition and AI to revolutionize financial trading, raised $3.275M in funding

  • NexQloud, a decentralized cloud computing infrastructure startup, closed its $2.3M Pre‑Seed funding round under a Reg CF exemption

CRYPTO

  • Ripple applies for US national bank charter as crypto eyes next frontier (more)

  • Trump’s $620 Million of quick crypto riches reshapes his fortune (more)

  • Less than 15% Bitcoin left on crypto exchanges signals ‘supply problem’ (more)

BULLISH BITES

⚡️ Google’s data center energy use has more than doubled in the last 4 years.

📈 Why Hong Kong is beating Wall Street as the top spot for IPOs.

🤖 AI virtual personality YouTubers, or ‘VTubers,’ are earning millions.

⛳️ Now you can take the famed Orient Express on a tour of Italy's best golf courses.

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DAILY SHARES

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