Market Trends & Economic Policy - Tesla's Q2 deliveries are expected to fall by 11% due to backlash against CEO Elon Musk's political views and increased competition [3] - The US Senate passed President Trump's bill, extending expiring tax cuts for businesses and individuals and adding new breaks for tipped workers, the elderly, and car buyers [8] - The bill shifts towards fossil fuels and phases out Biden-era green energy credits faster than expected [13] - Tariffs are influencing rate policies, and the Fed would already be cutting rates if it weren't for tariffs [25][27] - President Trump's July 9th tariff deadline is approaching, with uncertainty surrounding trade deals with countries like India and Japan [31][32][33] Company Performance & Investment - If you invested $1,000 in Tesla 15 years ago, those shares would be worth $269,000 today [5] - Jeff Bezos sold Amazon shares worth almost $737 million late last month, and almost $5 billion in 2024, but still owns around 95 million shares [6] - Santander's shares popped 3% after announcing it would acquire TSB for about $35 billion, expecting a return on investment of around 20% [20][21] - Centene's shares tumbled 26% in pre-market trading after withdrawing financial guidance for 2025 and announcing that earnings will fall short of expectations [22] - Constellation Brands, the maker of Corona beer, missed quarterly earnings estimates due to softer demand and increased costs, including aluminium tariffs [24][25] Cryptocurrency Market - More than $300 billion of crypto value has been wiped out so far this year [37] - Bitcoin is now about 2/3 of the total market value of crypto assets, the highest since 2021 [37]

So, we just teased this. You said there's an Nvidia of retail. What name would that be.And what makes it the Nvidia of retail. Well, it sounds a little bit crazy and especially the name I'm going to say, which is Walmart. Uh, you know, that's our uh top pick.We re we had a buy on it for about three years, took it off for a couple months, and then have reestablished it as a buy. It's actually again our number one pick. Uh, things are really changing at Walmart.I can kind of get into into that if you'd like. ...

The JPMorgan Institute breaks down how the cost of tariffs are getting passed along https://t.co/FpVWmkraBj ...

Trump's trade war has thrown American businesses that deal with China into chaos.Listen to the Big Take Asia Podcast to find out how one toymaker is challenging the president's tariffs in the courts https://t.co/EdZVB3uV8R https://t.co/lKdkIPa3h5 ...

Trump's trade war has thrown American businesses that deal with China into chaos.Listen to the Big Take Asia Podcast to find out how one toymaker is challenging the president's tariffs in the courts https://t.co/EdZVB3uV8R https://t.co/WZ4WQv3zYE ...

I saw a Reuters piece today that said that already you have to you've had to raise prices from China. We have and we fortunately we haven't we we did a lot of forward buying several months ago and then a lot of our sellers our third party selling partners forward deployed a lot of inventory um to avoid some of the issues with the uncertainty around where tariffs are going to settle and we have so far not seen prices appreciably go up. I think some of that may be um some of it may be the forward buying and d ...

But chair, would the Fed have cut more by now if it weren't for the tariffs. So I I do think that I think that's right where in effect we went on hold uh when we when we saw the size of the tariffs and where and essentially all all inflation forecasts for the United States went up materially as a consequence of the tariffs. So uh we we didn't overreact. In fact, we didn't react at all.We're we're simply taking some time. As long as the US economy is in a in solid shape, we think the the the prudent thing to ...

That's very high. It's funny you mentioned chairman pal because uh he is joining some of his counterparts in a panel discussion at the ECB central banking forum in Portugal. Not pal chairman.Here is what chairman Powell had to say just a few moments ago. Chair, would the Fed have cut more by now if it weren't for the tariffs. So I I do think that I think that's right.where in effect we went on hold when we when we saw the size of the tariffs and where and essentially all all inflation forecasts for the Unit ...

Federal Reserve Chair Jerome Powell said he expects the impact of tariffs to show up in inflation data in coming months, while acknowledging that uncertainties remain https://t.co/XcRvyX3qK0 ...

everything wood should be. >> All right, welcome back everybody. We've got a lot of ground to cover with our next guest equity and credit markets, emerging markets, the fed currencies, real estate and why he expects a correction in the S&P 500.Joining us right now is Rob Citroen. He is the founder and portfolio manager at Discovery Capital Management. That's a hedge fund that invests in public and private markets with a particular focus on emerging markets.And by the way, they manage, I'm told, around $3 bi ...