Theater of Economics

Trump lobs new threats at Musk, Powell says tariff hit to consumers coming this summer, Senate passes Trump's bill - sends to House for final vote, Lululemon sues Costco, and Michael Saylor’s Strategy to join Wall Street elite with $14 billion windfall...

Good morning.

The Fast Five Trump lobs new threats at Musk, Powell says tariff hit to consumers coming this summer, Senate passes Trump's bill - sends to House for final vote, Lululemon sues Costco, and Michael Saylor’s Strategy to join Wall Street elite with $14 billion windfall…

📌 Trump set to Boost Social Security Checks by 400%? You need to see this » *

Calendar: (all times ET) - Full Calendar

  • Today:
    none watched

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

Your 5-minute briefing for Wednesday, July 2:

BEFORE THE OPEN

As of market close 7/1/2025.

Pre-Market:

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

Previous week: 33.21%.

Market Wrap:

Futures flat after tech-led dip; S&P +0.02%, Nasdaq +0.03%, Dow +7pts (0.02%)
Dow rose 400pts Tue as Amgen, J&J, UnitedHealth rallied
S&P, Nasdaq slipped as investors rotated out of tech
Trump’s tax-and-spend bill passed Senate, returns to House
Trump’s tariff pause set to expire next week

EARNINGS

No earnings watched today.
Note: Market closes early tomorrow, July 3 @ 1:00P; and closed Fri, July 4th.

Why is President Trump Fast-Tracking
These Companies?

Forget about AI… There's a hot new trend on Wall Street… and it's all thanks to President Trump. His administration has begun to fast-track the operations of a handful of companies… Accelerating their potential profits.

That's why legendary investor Louis Navellier is now recommending these three stocks that are being fast-tracked.

HEADLINES

The president's post comes amid the latest blow-up between the two men after a public feud last month.

The central banker’s remarks reflect a consensus among many economists that Trump’s tariffs will raise prices.

  • S&P 500, Nasdaq turn higher as Senate passes Trump's bill (more)

  • Senate passes Trump's bill after 11th-hour panic, sends to House (more)

  • Tesla sinks as Trump threatens subsidies across Musk's empire (more)

  • US job market surprises with increased openings in May (more)

  • US manufacturing mired in weakness as tariffs bite (more)

  • The dollar has its worst start to a year since 1973 (more)

  • Big banks boost payouts after acing Fed stress test (more)

  • Michael Saylor’s Strategy to join Wall Street elite with $14B windfall (more)

  • Bezos sells $737 million worth of Amazon shares (more)

  • Lululemon sues Costco over clothing ‘dupes’ (more)

  • Amazon's robotic warehouse workforce nears size of human staff (more)

  • Figma moves closer to a blockbuster IPO that could raise $1.5B (more)

  • Call-center software maker Verint seeks buyers in AI dealmaking test (more)

DEALFLOW

M+A | Investments

  • Boeing acquires Spirit AeroSystems Belfast plant

  • Grammarly acquires AI email client Superhuman

  • Thoma Bravo in talks to acquire Verint Systems

VC

  • Syntis Bio, a clinical-stage biopharmaceutical company, raised $38M in Series A funding

  • Field Medical, a clinical-stage company for cardiac ablation with pulsed field technology, closed $35M in Series B funding

  • Emerald AI, an AI-driven compute orchestration company, raised $24.5M in Seed funding

  • Tailor, a headless ERP platform for modern retail businesses, expanded its Series A round to $22M

  • Deeto, an AI-native platform turning authentic customer voice into a dynamic engine for growth, raised $12.5M in Series A funding

  • Audos, a company developing AI tools for AI businesses, raised $11.5M in combined Pre‑Seed and Seed funding

  • Woodchuck, a climate-impact startup turning waste into energy with advanced AI, raised $3.75M in Seed funding

  • LogicFlo, an AI agent platform for life sciences organizations, raised $2.7M in funding

  • Sciencia AI, a company focused on advancing AI infrastructure, raised an undisclosed amount in funding

CRYPTO

  • Robinhood's CEO on the plan to tokenize everything (more)

  • Strategy set to post $14B Bitcoin gains, but revenue stalls (more)

  • UniCredit to offer BlackRock Bitcoin ETF-linked product for some clients (more)

BULLISH BITES

🦄 The rise of the Ultra-Unicorns: $5B+ startups are leading the private-market herd.

🤖 Amazon is on the cusp of using more robots than humans in its warehouses.

💵 Challenge to dollar supremacy a long way off, central bankers say.

😎 What makes someone cool? Six traits can determine your ‘it’ factor.

DAILY SHARES

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