several names hitting all time highs today. GE Johnson Controls Transdigm and Uber. The sector moving higher, overcoming any investor concerns about global growth in the face of tariffs.Well joining us now is closely followed industrials analyst Stephen Tusa of JP Morgan Stephen it's great to have you back on the show. And let's start right there. What is powering industrials and why.>> Yeah thanks for having me. It's been an interesting year. Pretty volatile one.But we're kind of back to where we started a ...

And despite President Trump's latest threat to reinstate those Liberation Day tariffs on August 1st, the global markets are basically calling his bluff with both Asia-Pacific and European stocks giving a muted response today. And they were not the only ones. This just blows my mind.Back home, Wall Street doesn't seem too worried either. BBS quote, "It seems a wasted effort to analyze every Trump social media post when investors understandably anticipate future retreats." JP Morgan adds, "Many client convers ...

Market Sentiment & Policy Impact - The global markets and Wall Street are largely dismissing President Trump's threat to reinstate tariffs, anticipating future retreats [1][3] - Major financial institutions like UBS, JP Morgan, and Goldman Sachs publicly express skepticism about the tariffs taking effect on August 1st [3] - The president's words no longer carry the same weight on Wall Street, devaluing potential policy changes [5][7] Inflation & Economic Concerns - Analysts suggest that implementing tariffs is directly inflationary, potentially influencing the Federal Reserve's rate-cutting decisions [9] - Consumers may not be immediately worried about tariffs, but a 10% tariff could impact Christmas shopping [12][15] - A New York Fed survey indicates consumers are expecting higher prices for gas, medical care, and rent [14] Government Spending & Healthcare - Concerns are raised about potential impacts on healthcare due to a proposed trillion-dollar reduction in spending, particularly regarding Medicaid [17] - The Wall Street Journal editorial board's view is that only those who deserve Medicaid should receive it, implying able-bodied adults should seek employment with healthcare benefits [17] Trade & Tariffs - The Treasury Secretary stated that $100 billion has been collected since the tariffs were put into effect, supporting the argument that tariffs are a way to raise funds [11] - Even a 10% tariff is considered high, being almost five times greater than the average tariff and the highest cumulative tariff since 1936 [12]

Hello and welcome to the latest edition of Market Sunrise. We've got another packed show for you this morning. The question of the day is, will President Trump's big beautiful bill get passed before the July 4th holiday.Well, also coming up in today's show, we'll take a look ahead to the US unemployment report and how the tears of a finance minister moved the markets. Stick around too to hear more from our exclusive interview with the secretary general of the OECD. I asked him whether AI would take away our ...

It's funny you say that. I'll come back to you in two seconds because we do have some breaking news regarding the IPO front. Leslie Picker following that money.What do we know. Hey Scott. Yeah, continuing to pick up here.We've got Figma revealing its S1 to go public. If you recall, this was the design software company that Adobe was looking to buy several years ago, but that deal fell apart on regulatory concerns. That deal valued at $20 billion at the time.We don't have a valuation for the IPO. That's some ...

Analyst Ratings - JP Morgan analysts initiated coverage of Circle with an "Underweight" rating [1] - The rating suggests that JP Morgan believes Circle's stock is currently overvalued [1] Market Sentiment - Circle's stock has become overvalued since its IPO [1] - The IPO ignited fervor for stablecoins on Wall Street [1]

JP Morgan Rates Circle ‘Underweight,’ Sets $80 Price Target► https://t.co/2jxXKN8ykM https://t.co/2jxXKN8ykM ...

Crypto Market & Stablecoin - Circle is considered a potentially high-performing IPO in the crypto space [1] - The company operates within the crypto ecosystem, focusing on stablecoins as an alternative to potentially "sketchy" options like Tether [2] - Circle is the second largest stablecoin by usage, following Tether [2] Analyst Ratings & Underwriter Perspectives - JP Morgan initiated coverage with an "underweight" rating and a price target of $80 [2] - Goldman Sachs has a "hold" rating with a price target of $83 [3] - Both JP Morgan and Goldman Sachs are underwriters for Circle [3] Market Valuation & Stock Performance - The stock is trading at $181, significantly above JP Morgan's price target of $80 [4] - The current market situation is compared to the 1995-1998 era, suggesting a period of high volatility and uncertainty [4] - The significant difference between the stock price and the underwriter's price target raises questions about market sanity [4][5]

Crypto may finally be going mainstream, spurred in part by the billion-dollar public debut of Circle, the issuer of stablecoin USDC, and the passage of the stablecoin legislation drafted by the Senate, dubbed the Genius Act. The yays are 68, the nays are 30. The bill, as amended, is passed.Big finance players are getting in on the action. Coinbase, which earns half of the revenue generated by USDC, launched a new partnership with payment platform Stripe and e-commerce giant Shopify to bring USDC payments to ...

Today, Bitcoin climbs as investors focus on when we might see rate cuts from the Fed. Senator Cynthia Lumis joined CNBC Squawkbox to explain a new bill aimed at providing rules of the road for crypto. And Juval Ruse, the CEO of crypto firm Digital Asset, explains how the firm plans to use capital raised from big Wall Street names.[Music] Welcome to CNBC's Crypto World. I'm Talia Kaplan. Bitcoin on the rise again this morning as investors move past tensions in the Middle East and turn their attention back to ...