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SOTS 2nd Hour: AI Arms Race, Tariffs Hit Prime Time, Big Banks Downgraded 7/8/25

Squawk on the Street

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Current Events and Market Shifts

This chapter provides a news update on significant events, including severe flooding in Texas and President Trump's military support announcement for Ukraine. It also explores Tesla's stock performance and challenges amidst increasing competition in the EV market, along with the implications of tariffs on consumer pricing. Additionally, the chapter discusses the advancements in autonomous driving technologies and their urban viability, while considering the overall market's performance under changing trade policies.

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