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🚨 Elon Musk is urging Congress to propose a new spending bill that won't increase the deficit. He stated, "Call your senator, call your congressman, America's bankruptcy is not normal. Reject the bill." Meanwhile, Donald Trump has called for the cancellation…
🚨 The SP500 and Bitcoin have dropped following a dispute between Trump and Musk. Tesla's stock (TSLA) fell by 15%, marking its worst day since September 2020.
🚨 SpaceX has announced an immediate halt to all Dragon spacecraft flights, following threats from former President Donald Trump to cut government funding. The Dragon ships are currently the only vessels capable of transporting astronauts into orbit for the United States.
⚡️Former President Donald Trump and billionaire Elon Musk engaged in a heated exchange of insults on Thursday, marking a significant rupture in their once-prominent relationship in American politics. The White House's top aides held several meetings today to discuss the implications of Musk's tweets. — WSJ
⚠️🇺🇸 Tesla today experienced a staggering loss of $150 billion in market capitalization, marking the largest single-day drop in the company's history. This significant decline comes amid an escalating conflict between Donald Trump and Elon Musk.
🚨 Elon Musk faces scrutiny from former Trump advisor Steve Bannon, who claims Musk is an illegal foreigner and should be deported from the United States. Bannon insists that an investigation into Musk is necessary, and his contracts should be suspended immediately.
🎉 Today's Calendar - June 6, 2025
Trade negotiations between India and the U.S. continue into Day 2, while Turkey and Kazakhstan observe Eid al-Adha with no trading activities. India will announce its central bank rate at 07:30 MSK, followed by Germany's industrial production data at 09:00 MSK. ECB President Lagarde speaks at 11:30 MSK, with Eurozone GDP figures set for release at 12:00 MSK. Russia's central bank rate announcement follows at 13:30 MSK, with a press conference at 15:00 MSK. The U.S. will report Non-Farm Payrolls and unemployment data at 15:30 MSK.
Additionally, Russia's Central Bank will increase its currency sales under the budget rule, while the Finance Ministry will reduce its currency purchases. Starting June 6, eight new securities will be available for trading on the Moscow Exchange. Manchester United reports at 14:00 MSK.
Trade negotiations between India and the U.S. continue into Day 2, while Turkey and Kazakhstan observe Eid al-Adha with no trading activities. India will announce its central bank rate at 07:30 MSK, followed by Germany's industrial production data at 09:00 MSK. ECB President Lagarde speaks at 11:30 MSK, with Eurozone GDP figures set for release at 12:00 MSK. Russia's central bank rate announcement follows at 13:30 MSK, with a press conference at 15:00 MSK. The U.S. will report Non-Farm Payrolls and unemployment data at 15:30 MSK.
Additionally, Russia's Central Bank will increase its currency sales under the budget rule, while the Finance Ministry will reduce its currency purchases. Starting June 6, eight new securities will be available for trading on the Moscow Exchange. Manchester United reports at 14:00 MSK.
💥✴️🇺🇸 Shares of stablecoin issuer CIRCLE surged by 168% on their debut trading day, followed by an additional 5% gain in after-hours trading. The IPO was priced at $31.
🇺🇸🇺🇦 The Atlantic reports that the United States is considering the possibility of halting its support for Ukraine. The discussions come amid shifting political dynamics and evolving priorities. The implications of such a move could significantly affect Ukraine's ongoing conflict and its relations with Western allies. For more information, visit The Atlantic's website for the full article.
⚡️🇺🇸 Musk will move to Russia and become one of the top executives at AvtoVAZ and Roscosmos, according to sources.
🚨🛢️🇷🇺 Russian oil exports have plummeted by one-third in just a week due to EU sanctions targeting 189 tankers. Experts believe it will take several months to restore these shipments, highlighting the significant impact of the ongoing sanctions on the energy sector. For more information, visit Kommersant.
🇩🇪🇺🇸 Merz's trip to the U.S. has been described as modest, with many labeling it a "failure." In a joking manner, Trump promised to supply Germany with weapons. Merkel has called for unity between the U.S. and the EU in the fight against Russia.
⚠️🛢🇷🇺 Analysts predict a decline in gas exports from Russia by 2025. While shipments to China and other Asian countries are expected to rise, they will not fully offset the decrease in supplies to Europe. Experts forecast that pipeline gas exports from Russia will fall by 3% year-on-year, reaching 115 billion cubic meters in 2025, according to Vedomosti.
❗️🇮🇳 India's Central Bank has set the interest rate at 5.5%, a decrease from the previous rate of 6%. This decision comes as expectations were for a rate of 5.75%.
⚠️✴️🇺🇸 Tensions are rising within Trump's crypto empire. World Liberty Financial (WLFI), owned by Trump's sons, has begun feuding with Fight Fight Fight LLC, the team behind the TRUMP meme coin. WLFI sent a cease-and-desist letter to Fight Fight Fight, demanding they halt unlawful activities. The disputes erupted after Fight Fight Fight announced plans to develop the "TRUMP Wallet." Partner company Magic Eden also received a letter demanding they cease their actions. For more details, visit BBG.