Regulatory Landscape - Three crypto bills are under consideration, with one potentially heading to Trump's desk this week [1] - Republican members are concerned that prioritizing the stable coin bill could jeopardize the passage of a larger bill on digital asset market structure [2] - Disagreement exists regarding the optimal approach for passing these bills [2] Legislative Process - A key procedural vote failed due to opposition from approximately a dozen Republicans [1] - Republican leadership is currently regrouping and engaging with members, with a potential revote expected later this afternoon [2] - Concerns are rising that failure to resolve the procedural vote could impede progress on the actual bill votes later this week [3] Industry Impact - This week is considered a crucial period for the crypto industry and lawmakers advocating for these bills [3] - The industry is facing uncertainty as the progress of the crypto bills is being stalled [3]

The market's not loving the reaction to those earnings. They seemed very solid on the face. What are they missing.Well, I think they're missing the key to any company. Our organic growth was great. Um, FE growth 6% that was expectations, but our entry level going into the third quarter because of where they where you know the market went down quite a bit in April and rallied all throughout the year.So, our entry level in the third quarter is up 5% already in feed growth. Then on top of the closing of HPS on ...

Nvidia's win in China today comes just days after Jensen Wong met with President Trump. Wong is already back in Beijing, marking his third trip to China this year. Dear Jabbosa has more on how this marks a new era for the CEO in today's tech check.Quite the diplomat, Deardra. Quite the diplomat if you can be the right kind of CEO. And Jensen Huang, you really just pulled off something that few tech CEOs have managed.He played both Washington and Beijing. And he won for now at least. Nvidia's H20 chips once ...

Legislative Developments - A procedural vote on a rule that included crypto bills failed in the House, impacting plans for a "crypto week" [1][2] - The failure introduces uncertainty regarding the passage of stablecoin legislation and a broader market structure bill [4] - Concerns voiced by some lawmakers, like Congresswoman Marjorie Taylor Green, relate to the bills' insufficient prevention of a central bank digital currency [2][3] - Republican leaders may need to reassess their strategy to advance the crypto bills, potentially delaying them [4] - The market structure bill, defining digital assets as securities versus commodities, faces further hurdles in the Senate, with potential passage delayed until the fall [7][8] Market Reaction - Bitcoin experienced a slight sell-off following the news [5] - Robinhood's stock decreased by approximately 2% [5] - Coinbase's stock was significantly impacted, declining by 45% [10] Bill Details - One bill focused on stablecoins was expected to pass, with the White House planning a signing ceremony [6] - Another bill addresses market structure, aiming to clarify when a digital asset is a security versus a commodity [7]

artificial intelligence and all the power and AI infrastructure that goes around it. And of course, you can't make electricity without spending a lot of money. But we spoke with the secretary of the interior, Doug Burgum, former governor of North Dakota, earlier about the money that is being announced here.And he gave us some totals on American spending that kind of blew even our minds. Listen. >> The five big tech companies in America have $320 billion of CapEx. ...

Investment Strategy - Rean Capital suggests holding high-yield companies like Verizon to weather market uncertainty [2] - The firm favors value stocks over growth stocks, particularly those with a US-centric customer base [4] - The firm likes mortgage bonds offering high fives (around 5%) with government-backed protection [7] Stock Picks & Analysis - Verizon offers almost six times the dividend yield of the S&P 500, approximately 66% (原文应为6.6%) [3] - Verizon's dividend rises about 2% annually and has a sub10p (sub-10 price-to-earnings ratio) [3] - MSGS (Madison Square Garden Sports) is undervalued, with assets estimated at $10-15 billion, while the company's market cap is $5 billion [7][8] - MSGS owns the Knicks, Rangers, esports teams, and minor league teams [3][8] Market Outlook - Potential Fed rate cuts in September and December could lead to a Fed funds rate in the "three-handle" (3% range) [6] - A lower Fed funds rate may cause investors to seek higher yields (5-6%) in bonds or dividend-paying stocks [6]

AI and Energy Investment - Google is pledging $25 billion for AI and energy investment [1] - Coreweave is committing to $6 billion for data centers and AI infrastructure [2] - The industry anticipates trillions of dollars investing in infrastructure related to power grids, AI, and the digitization of the economy [10] Energy Production and Regulation - Pennsylvania's natural gas production is limited by pipeline capacity, but it's easy to ramp up production for electricity generation [3] - Constellation Energy needs to move more quickly through the Federal Energy Regulatory Commission and Nuclear Regulatory Commission for relicensing and permitting [5][6] - The industry needs regulatory approval to operate, increase plant output, and expedite engineering work and permitting [6] AI's Impact on Energy - AI is helping manage the energy system more efficiently [8] - AI can enable demand response, where big businesses reduce energy use during peak times [8] - Demand response or curtailing energy use during peak times can support dozens of data centers [9] Public vs Private Energy Consumption - Ensuring power produced by new or existing plants is available at a reasonable cost to the public, not just high-cost electricity to large tech companies [7] - The industry believes there will be abundant power, but managing peak demand is crucial [8]

Stablecoin Usage - Stablecoins are used as the base pair for almost all crypto exchanges, facilitating entry and exit from crypto [1] - Merchants are increasingly using stablecoins to accept payments [1] - Stablecoins offer faster, smoother, cheaper, and global payment rails based on blockchain technology [1] Regulatory Impact & Adoption - Explicit authorization of stablecoin issuance and adoption is expected to expand their use [2] - Companies like banks, Visa, and Mastercard are likely to become more comfortable adopting stablecoins with an approved legal framework [2] Potential - Stablecoins are emerging as a new payment rail for the 21st century [2]

Megan Cassella has them. Megan, hey, Kelly. So, the president now posting on Truth Social a few more of these details of this topline trade framework with Indonesia.He says as part of the agreement, Indonesia is committed to purchasing $15 billion in US energy, $4.5% billion in American agricultural products, and 50 jets from Boeing. Many of them, he says, will be 777s. He also goes on to say later that if there's any trans shshipment from a higher tariff country, that tariff will be added on to the tariff ...

Bank Earnings & Performance - Wells Fargo's overall report was not bad, despite mortgage pressure and regulatory constraints [1] - JP Morgan's investment banking gained 7%, exceeding expectations of a 14% loss [1] - Goldman Sachs is up 60% from its low [1] - JP Morgan announced a buyback and a dividend increase [1] Market & Economic Signals - The market is doing fine, with financials leading, and technology, especially semis, performing strongly [1] - Banks passed the stress test, indicating financial stability [1] - Net interest income saw a slight squeeze, suggesting competitive measures and banks actively seeking growth [1] - IPOs are scheduled even for August, typically a slow month [1] Future Outlook & Concerns - Expectation for net interest income to stabilize due to stabilizing rates [1] - Focus on loan and deposit growth as key indicators [1] - Jamie Dimon's call was not overly pessimistic, with concerns limited to tariff uncertainty and geopolitical issues [1]