Macro Trump: I Want To Drive Housing Prices Up, Not Down Trump said at a cabinet meeting that he wants to drive housing prices up, not down, to protect homeowner wealth. The comments complicate the administration’s affordability pitch and raise questions for homebuilders and housing-linked stocks.
Macro Japan Hikes Tourist Visa Fee 400% to 15,000 Yen, First Bump Since 1978 Japan is raising single-entry tourist visa fees 400% to 15,000 yen ($93) from July 1, 2026, its first hike in 48 years. Western travelers stay exempt, but Chinese, Indian, and Vietnamese tourists pay up.
Macro Record Number of Americans Are Leaving the US, per CNBC CNBC reports the US saw net negative migration in 2025 for the first time in at least 50 years, with Brookings estimating up to 295,000 net departures. Here is what the trend means for housing, payments, and brokerages.
Markets FIFA reportedly weighing 64-team World Cup expansion for 2038 FIFA is reportedly weighing a 64-team World Cup as soon as 2038, per Sports Business Journal. Infantino is said to be cool on the idea, but the commercial pull is real for broadcasters, sponsors and sportsbooks.
Markets Pentagon Delays Iran Strike Announcement to Avoid Market Impact The Pentagon delayed announcing U.S. strikes on Iran until after market close to minimize immediate financial impact.
AI Data center construction spending tops airports, ports, transit combined US data center construction spending has crossed $50 billion annualized, topping airports, marine terminals, and mass transit combined. The AI capex cycle is now structurally holding up nonresidential construction.
Politics JD Vance Addresses Concerns Over President Trump's Stock Trades Vice President JD Vance clarifies that President Trump does not personally manage his stock trades, addressing concerns over recent disclosures.
Politics Speaker Johnson Warns of Democratic Investigations if GOP Loses House Speaker Mike Johnson warns that a Democratic House majority could lead to extensive investigations into President Trump's circle, potentially impacting market stability.
Tech AOC Calls for Apple Breakup as MacBook, iPhone Prices Climb Rep. Alexandria Ocasio-Cortez is calling for Congress to break up Apple after the company hiked MacBook and iPad prices, blaming an AI-driven memory chip crunch. AAPL fell roughly 6% on the news.
Tech Samsung to Unveil $646B, 10-Year Spending Plan at Korea Briefing Samsung Group is set to unveil a $646 billion, 10-year spending plan at a June 29 South Korean government briefing, with capex aimed at chips, AI data centers, batteries and displays.
Politics Trump: ‘I’d Be the Greatest Communist in History’ Trump told the Faith & Freedom Coalition he’d be ‘the greatest communist in history,’ attacking NYC socialist wins and rent-control politics. Here’s the market angle.
Geopolitics US and Iran Agree to Halt Strikes, Meet in Doha This Week The US and Iran have agreed to halt strikes and meet in Doha this week to discuss the Strait of Hormuz, after a weekend of tit-for-tat attacks tested the ceasefire.
Politics California's 4 Richest Paid Just 0.07% of Wealth in Income Tax: NYT California's four richest residents paid an average 0.07% of their wealth in state income tax from 2019 to 2025, per NYT, as a billionaire wealth tax heads to the November ballot.
Real Estate Over Half of U.S. Homes Sold Below List Price In 2025, 62.2% of U.S. homes sold below their original list price, with buyers securing an average discount of 7.9%, the largest since 2012.
Markets Volkswagen Reportedly Plans 100,000 Job Cuts, Four Plant Closures Volkswagen is reportedly weighing up to 100,000 job cuts and the closure of four German plants, in what could become the biggest restructuring in the automaker’s 89-year history.
Geopolitics Trump Says Iran Violated Ceasefire With Drone Strike on Ship in Hormuz Trump accused Iran of a ‘foolish violation’ of the ceasefire after a drone hit a cargo ship in the Strait of Hormuz. US Central Command struck Iranian missile, drone, and radar sites in response.
Markets Trump Threatens 100% Tariff On Any Country With A Digital Services Tax Trump threatened a 100% tariff on any country that imposes a digital services tax on U.S. companies, saying the duty would override existing trade deals and apply immediately. Big tech is squarely in the crosshairs.
Geopolitics US, Israel, Lebanon Sign Framework Deal; Israel Keeps Security Zone The US, Israel, and Lebanon signed a trilateral framework agreement allowing Israel to maintain a security zone in southern Lebanon while the Lebanese army works to disarm Hezbollah.
Politics Newsom Says He'll Vote No on California's Billionaire Tax Measure Gavin Newsom says he'll personally vote no on California's one-time 5% billionaire tax measure, warning of capital flight while pitching a national billionaire tax instead.
Markets U.S. Strikes Iranian Targets After Drone Attack on Cargo Ship The U.S. conducted airstrikes on Iranian missile and drone facilities in response to Iran's attack on a cargo ship in the Strait of Hormuz, escalating tensions in the region.
Macro Bessent: Stock Market Can Do Great, But It's Main Street's Turn Treasury Secretary Scott Bessent reiterated that while the stock market can keep doing great, the policy focus is on Main Street. Here's the trade angle and the tickers to watch.
Markets Snap CEO Evan Spiegel, Miranda Kerr Erase $550M in California Medical Debt Snap CEO Evan Spiegel and Miranda Kerr partnered with Undue Medical Debt to erase $550M in medical bills for over 261,000 Californians, with relief letters arriving in mid-July.
Markets SpaceX to Join Nasdaq-100 Index on July 7, 2026 SpaceX (SPCX) will join the Nasdaq-100 Index on July 7, 2026, potentially attracting significant passive fund inflows due to recent changes in Nasdaq's eligibility criteria.
Markets SpaceX Raises $25B in Debt Sale Less Than Two Weeks After IPO SpaceX (SPCX) raised $25 billion in its debut bond sale after orders neared $90 billion, less than two weeks after its record IPO. Proceeds will repay a bridge loan and fund AI, Starlink, and Starship spending.
Energy Trump Demands Faster Gas Price Drops, Orders DOJ Gouging Probe Trump ordered the DOJ to probe Big Oil for price gouging, demanding pump prices fall faster as crude tumbles. Refiners and integrateds like XOM, CVX, MPC and VLO are now in the political crosshairs.
