Squawk on the Street Trump-Musk Feud Effect, S&P 6,000, Jobs Report Beats Expectations 6/6/25
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Jun 6, 2025 Tensions are rising between Donald Trump and Elon Musk, impacting Tesla shares significantly. The S&P 500 has soared past 6,000, driven by an unexpectedly strong jobs report. Microsoft is on a record run while Circle, a stablecoin issuer, had a staggering 168% debut. Lululemon faces troubles as it tumbles, and Trump continues to criticize Fed Chair Powell over interest rates. The podcast also explores the evolving tech landscape and the challenges faced by key players in the stock market.
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Feud Risks Government Support
- Elon Musk's feud with President Trump risks government cooperation crucial for Tesla and SpaceX success.
- Musk's innovative products depend significantly on federal approvals and subsidies, which politics can influence.
Epstein Mention Damages Relations
- Mentioning Epstein in public spats is a "bridge too far" that can irreparably damage relationships.
- Elon Musk's confrontational style creates risks for Tesla shareholders beyond product fundamentals.
Consider Political Risks on Tesla
- Tesla investors must consider that Musk's conflict with the president could impact regulatory approvals and programs.
- Evaluate Tesla investments with caution in light of political risks affecting government partnerships.