The Rundown Musk vs. Trump Feud Tanks Tesla, Lululemon Drops 20% After Cutting Forecast
10 snips
Jun 6, 2025 Tune in for an exciting discussion about the explosive feud between Elon Musk and Donald Trump and its impact on Tesla's stock prices. Discover the surprising twists in the market with Coinbase gaining traction while Lululemon faces a significant drop after revising forecasts. The analysis doesn't stop there, as Broadcom's earnings also take center stage, plus a sneak peek into the intriguing ties between tech startups and the military. This episode is packed with insights you won't want to miss!
AI Snips
Chapters
Transcript
Episode notes
Microsoft's Quiet Market Surge
- Microsoft's stock hit record highs and reclaimed the title of most valuable company globally.
- The company is quietly performing well, nearing a market cap of $3.5 trillion for the first time.
Robust US Job Market
- May's jobs report showed strong job growth surpassing expectations, with a stable unemployment rate of 4.2%.
- This signals a healthy US labor market, boosting investor confidence.
Musk-Trump Twitter Feud Fallout
- Elon Musk and Donald Trump engaged in a public online feud triggered by Musk's criticism of a tax bill.
- This spurred heated exchanges and accusations, leading to a 14% drop in Tesla's stock and a $34 billion loss in Musk's net worth.