Tariff doubles

Trump signs order hiking steel tariffs to 50%, Elon blasts Trump tax bill, Meta strikes 20-year nuclear power agreement, Robinhood shares ride crypto boom, and Nvidia tops Microsoft -regains most valuable company...

Author

Market Briefing
June 04, 2025

Good morning.

The Fast Five → Trump signs order hiking steel tariffs to 50%, Elon blasts Trump tax bill, Meta strikes 20-year nuclear power agreement, Robinhood shares ride crypto boom, and Nvidia tops Microsoft -regaining most valuable company…

📌 A mysterious financial figure — called "one of the most important money managers of our time" by national media — has issued a scathing economic warning. He’s exposing how an invisible force is rewriting the rules of wealth creation. The question everyone's asking: What's really going on right now? (ad)

Calendar: (all times ET) - Full Calendar

  • Today:
    Fed Beige Book, 2:00P

  • Tomorrow:
    Initial jobless claims, 8:30A
    US trade deficit, 8:30A
    US productivity, 8:30A

Your 5-minute briefing for Wednesday, June 4:

BEFORE THE OPEN

As of market close 6/3/2025.

Pre-Market:

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

Previous week: 37.70%. Updates every Friday.

Market Wrap:

  • Futures barely budge: Dow 26 pts (+0.06%), S&P +0.07%, Nasdaq +0.04%

  • Tuesday’s close: S&P +0.6%, Nasdaq +0.8%, Dow 200 pts (+0.5%)

  • Nvidia jumps 3%, retakes crown as most valuable public company

  • CrowdStrike drops 6% after soft revenue guidance

  • Tariff fears fade; court reversals seen as short-term noise

  • May jobs report Friday

EARNINGS

Here’s what we’re watching this week:

Revealed: Palm Beach Millionaire's Warning About "The Great Replacement"

A Wall Street veteran with a four-decade track record has issued a disturbing warning from his estate near Mar-a-Lago. He warns of an economic restructuring that will eliminate traditional career paths while creating unprecedented wealth opportunities.

HEADLINES

The move aims to protect US national security by curbing what the administration describes as a threat from excessively low-priced metal imports that undermine domestic industries.

Musk offered his harshest rebuke yet of Trump’s signature "big, beautiful" tax and spending bill advancing on Capitol Hill, saying it is instead "a disgusting abomination."

  • Stocks close higher, dollar bounces back amid tariff talks, economic data (more)

  • Traders load up on hedges against dramatic Fed rate cut shifts (more)

  • The Treasury Secretary underestimates Jamie Dimon’s soothsaying (more)

  • Job openings showed surprising increase to 7.4 million in April (more)

  • Dollar rebounds from six-week low but tariff worries linger (more)

  • Oil bulls bite back as prices defy expectations (more)

  • Federal Reserve ends scandal-era restriction on Wells Fargo (more)

  • Meta strikes 20-year power agreement with Constellation Energy (more)

  • Nvidia tops Microsoft, regains most valuable company title (more)

  • Robinhood shares ride crypto boom back to record highs (more)

  • CrowdStrike shares sink after sales forecast underwhelms (more)

  • Dollar General sees uptick in middle- and higher-income customers (more)

  • Frothy tech returns helped mint 600,000 millionaires last year (more)

  • Trump's sons distance themselves from new Trump-branded crypto venture (more)

DEALFLOW

M+A | Investments

  • Hims & Hers acquires UK-based startup Zava

  • Viper Energy acquires Sitio Royalties for $4.1 billion

  • ONEOK buys remaining stake in Delaware Basin JV for $940 million

  • Keysight Technologies to divest Spirent units to VIAVI

  • AppDirect acquires Broker Online Exchange

  • Agenus receives investment from Zynext Ventures

VC

  • Impulse Space, space mobility company, raises $300M in Series C funding

  • Antheia, pharmaceutical ingredient manufacturer, raises $56M in Series C funding

  • Zero Networks, cybersecurity company, raises $55M in Series C funding

  • Trustifi, cybersecurity software platform, raises $25M in Series A funding

  • OatFi, fintech infrastructure company, raises $24M in Series A funding

  • Ciroos, AI-powered solutions company, raises $21M in funding

  • myLaurel, delivering home-based acute and transitional care, raises $12M in funding

  • Projectworks added $12 million to its Series A funding

  • Veris AI, a company with a platform to safely train and test AI agents through high-fidelity simulated experiences raises $8.5M in Seed funding

  • Archil, shareable volume storage startup, raises $6.7M in Seed funding

  • Freeplay, a platform for AI teams to build products and agents, raises $5.6M in funding

  • Matterworks raises Series A financing

CRYPTO

  • Trump-Tied ‘Truth Social Bitcoin ETF’ Edges Closer to Launch (more)

  • Bitcoin profit-taking underway as ‘big whales’ continue sell-off (more)

  • Bitcoin fans aren’t all sold on Trump’s meme coin (more)

BULLISH BITES

🚨 The market is changing – are you ready. *  

🇨🇳 Why Nvidia can’t just quit China.

📢 Elon Musk announced that X is rolling out direct messaging called XChat.

📊 How to organize your finances for a move.

🌍 Here are the 10 best hotels in the world, according to La Liste.

DAILY SHARES

What did you think of today's Briefing?

Login or Subscribe to participate in polls.

Have a comment or suggestion?
💌 Send us a message

*sponsored message

Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team. 

Reply

or to participate.