Morning Brief anchor Brad Smith breaks down the latest financial news for July 2, 2025. The ADP payroll data report was released today. It indicated that 33,000 jobs were lost in June, despite economists estimating nearly 100,000 jobs would be added. This may indicate that the economy is not as strong as previously suggested. President Trump's tax bill may be facing resistance from moderate to ultra-conservative House Republicans, who are threatening to defy the President and sink his domestic agenda as Hou ...

Yahoo Finance executive editor Brian Sozzi breaks down the latest financial news for July 2, 2025. Tesla stock moves higher despite deliveries dropping 13% year-over-year in Q2. The ADP jobs report showed the private sector lost 33,000 jobs in June, while economists expected 98,000 jobs to be added. #youtube #stocks #Tesla #job About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information t ...

Hello and welcome to the latest edition of Market Sunrise. We hope you're having a fantastic morning. Today we'll be looking at what's moving markets around the world.The big beautiful bill, insurance stocks that are seeing big swings, JPAL sticking to his guns, and stick around to hear more from our exclusive interview with Kraken co-CEO Arjunetti and how he threw away millions of dollars of Bitcoin by mistake. So grab that coffee and let's own the morning. So, here are three things you need to know before ...

Product & Manufacturing - The Trump Organization plans to launch the T1 Trump phone later this year for $4.99 [1] - Originally promoted as "made in America," the website now omits this claim, likely due to feasibility issues [1][2] - Analysts suggest the T1 phone closely resembles existing Chinese phones, potentially a rebranded product [3] Market Entry & Strategy - The Trump Organization aims to generate revenue through the Trump phone, leveraging the brand's cachet [4] - The company is entering the virtual mobile operator (VMO) market, which offers a relatively low-overhead business model [4] - The VMO model allows the company to buy spectrum from existing carriers without needing brick-and-mortar stores [4]

Market Volatility & Investment Strategy - Amid rising tariffs, geopolitical tensions, and economic uncertainty, long-term investors should stay focused and invested [1] - Investors should avoid letting headlines dictate their portfolio [1] - Clarity, not calm, is what markets crave [1] Economic Factors - Discussion includes inflation, potential rate cuts, and housing pressure [1] - The evolving US-China trade dynamic is a key consideration [1] Investment Advice Disclaimer - The podcast is for informational and educational purposes only and should not be construed as investment advice [1] - Listeners should consult their own financial, legal, or tax advisors [1]

Market Trends & Economic Indicators - The market reacted lukewarmly to the GOP's mega bill after Senate approval [1] - Stocks ended the day mixed, with the tech sector dragging the NASDAQ down [2] - Positive labor market data showed job openings reaching their highest levels since November 2024 [19] - Bloomberg estimates indicate 110,000 jobs added in the upcoming non-farm payroll report, with the unemployment rate potentially ticking slightly higher to 43% [21][43] - Goldman Sachs notes that Bitcoin has outperformed, up about 15% year-to-date, alongside high beta nonprofitable tech, indicating potential market frothiness driven by retail traders [28] Apple & AI - Apple is considering incorporating large language models from Anthropic or OpenAI into its technology, potentially impacting consumers and investors [2][3] - Analysts at CFRA believe Apple has fallen behind in the AI race but expect the company to get it right over the next 12 months, uniquely positioned as a distributor of AI to consumers [8] - Apple's commitment to privacy and security creates tension with the need to compete in the rapidly advancing AI space [11] - The absence of a new version of Siri could impact the iPhone upgrade cycle [12] - Apple's approach to AI development differs from competitors, prioritizing performance and meeting internal requirements, potentially leading them to seek external expertise [16] Travel & Independence Day - Approximately 21 million seats are expected to depart between Wednesday and Monday of next week for Independence Day, exceeding the last 5 years [32] - Domestic airfares for Fourth of July are around $260, down 3%, while international airfares to Europe and Asia are down about 13% [34] - Airfare to Europe for Fourth of July is around $840 per ticket, down 13% year-over-year, and airfare to Asia is around $1,300 per ticket, also down 13% [35] - Hotel rates in the US are around $213 per night, lower than the summer average, while rental car prices are about $58 per day, up $10 from other summer weekends [36][37] Tesla & Electric Vehicles - Analysts forecast Tesla to report global deliveries of about 390,000 for the second quarter, an 11% decline year-over-year [41] - Benchmark raised its price target on Tesla stock to $475, citing full self-driving and the robo taxi business [42] - Tesla stock experienced a decline of 5% due to the removal of EV credits from the Senate bill [22]

Deficit and Spending - The analysis indicates authorization of $3.8 trillion in deficit increases without offsetting measures, potentially signaling an end to constraints on congressional spending [1] - Repeal of IRA tax cuts significantly impacts energy stocks [2] Consumer Impact - Tariffs are viewed as a tax on US consumers, generating approximately $400 billion for the US Treasury [3] - New stimulus to the US consumer amounts to $166 billion, resulting in a net loss for the consumer when compared to tariff revenue [3][4] Healthcare Sector - Medicaid cuts are expected to have a substantial impact on hospitals [2]

Market Reaction & Stock Performance - Tesla's stock is down 5% today and 25% this year, reflecting investor concerns about Elon Musk's engagement in political issues [4][5][12] - The market's judgment has not fully embraced Elon Musk's return to focusing on Tesla [5] - Tesla's future valuation depends on humanoid robots and self-driving cars, not just EVs [16][17] Elon Musk & Political Involvement - Elon Musk's critique of government spending and involvement in political elections continues [6][10][11][12] - There's speculation about Elon Musk potentially starting his own political party, with a 40% odds market on Koshi [8] - Elon Musk believes he can influence votes due to his wealth of $400 billion [7] Elon Musk vs Trump - Elon Musk and President Trump are in disagreement, particularly regarding government subsidies received by Musk's companies [1][2] - The disagreement includes the EV tax credit [2] - Analysts previously noted concerns about Elon Musk's alignment with Trump affecting Tesla's branding [13] Tesla's Business - Delivery numbers from Tesla are not expected to be good [5][16]

Monetary Policy Goals - The Fed aims to achieve price stability, maximum employment, and financial stability [1] - The primary concern is whether the current path will lead to achieving these goals [1] Leadership Transition - The current chair has a little more than 10 months left in their term [1] - The goal is to hand over a healthy economy to the successor [1] Future Plans - No information is available regarding the chair's plans after the term expires [1]

Retirement Planning - Decoding Retirement podcast features Denise Appleby, CEO of Appleby Retirement Consulting, discussing IRA management [1] - The podcast covers topics like required minimum distributions, 401(k) rollovers, and relevant IRS forms [1] Resources - Yahoo Finance provides free stock ticker data, news, portfolio management resources, and market data [1] - Yahoo Finance's content is available on its website, app (Apple & Android), and social media platforms [1]