Wall Street Breakfast Trump and Musk at it again
17 snips
Jul 1, 2025 Tensions heat up as Trump lashes out at Musk over government subsidies, with Musk hinting at launching a new political party. The job market shows surprising strength, raising questions about potential Federal Reserve rate cuts. Meanwhile, the impact of AI and robotics on tech stocks is examined, especially with Amazon leading the charge. Financial analysts offer insights into the ripple effects of this clash on Tesla and the broader market landscape.
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Trump vs Musk Subsidies Spat
- Elon Musk and President Trump clashed publicly over government subsidies for Tesla.
- Trump suggested Musk relies heavily on subsidies, while Musk criticized Congressional spending.
Investor Worries Over Musk-Trump Fallout
- The Musk-Trump conflict creates uncertainty for Tesla investors.
- Concerns center on increased government scrutiny and regulatory challenges for Tesla's future tech.
Fed Rate Cut Uncertainty
- Fed Chairman Powell's comments hint at a possible rate cut depending on data.
- Strong job openings and low layoffs suggest a cautious approach to easing.