’Palantir chief executive Alex Karp said he had called AI bosses to warn them that “the momentum is on the side of people who want to nationalise them. Too many of us are chillaxing,” he said of his peers.’ www.ft.com/content/b1ab...

WASHINGTON (AP) — President Donald Trump has issued a pardon to Stephen Buyer, a former Republican congressman from Indiana who served nearly two years in prison for making illegal stock trades based on inside information after he left office. apnews.com/article/buye...

‘Analyst price target cuts outnumbered raises this week for the first time since mid April, just the fifth week in 2026 where cuts outnumbered raises over the last year.’ www.bloomberg.com/news/article...

“.. Coachella .. was her case study. As much as she said she enjoyed the experience, she also detailed just how jarring it was to look out into a sea of people, only to be met with screens instead of faces.” @variety.com variety.com/2026/music/n...

Introducing “The Touch Grass Challenge” 🌳 @nytimes.com www.nytimes.com/interactive/...

“…if markets stumble it creates a much more dramatic impact on the economy than we would have seen before. I refer to it as a Jenga tower that’s top-heavy. As you remove support from the bottom, the tower becomes more fragile. To me, that’s a very fragile economy.” english.elpais.com/economy-and-...

It's funny how the pitch for SpaceX is domination of the global AI business but the company's primary business (~60% of revenue going forward) is leasing its GPUs to Anthropic and Google at a discount because nobody wants to use Musk's MechaHitler AI.

Strategy making a move on Fartcoin: #$MSTR

How ‘Backrooms’ producer Peter Chernin thinks Hollywood needs to change

“.. Just like in Times Square, we think this Elmo is an imposter," the official NYPD account wrote. (via BBC) 🏀 www.bbc.com/news/article...

"SPY has already logged 9 days this year making a 52-week high while more S&P 500 stocks fell than rose. Last year's full-year total was 12." -SentimenTrader

“Mondays after terrible Fridays for the Nasdaq” (via OddStats)

* SPY TOTAL PUT VOLUME ECLIPSES 10M+ TODAY @bloomberg.com

COMING SOON!

Here's a reminder of the critical value of radio in times of crisis and amid disinformation and why the US administration's silencing of the Voice of America, which had a huge radio (and TV) audience across Africa, endangers human lives. apnews.com/article/congo-ebol...

reading this at an early age basically radicalized my perspective on artistic expression

Game 4. 🏀 (via @sportico.bsky.social)

Susie Wiles to quit White House: Insiders claim Trump's chief of staff is 'drained' by cabinet chaos... and stung by president's 'insult' www.dailymail.com/news/article...

“My Mayor is Muslim, my bagel is Jewish, my Christian’s Dior… Knicks in 4!!!”

“If the government decides, very quickly, to bulldoze the Statue of Liberty... nothing can be done?” asked Judge Patricia Millett. “I think that’s right, yes,” responded DOJ attorney Yaakov Roth www.politico.com/news/2026/06...

IRAN HAS LAUNCHED MULTIPLE DRONES TOWARDS THE STRAIT OF HORMUZ-CNN

GOLDMAN: “.. We are pushing the final two rate cuts in our Fed forecast back to June and December of 2027. The labor market has been stronger than we anticipated, and we now expect the unemployment rate to rise only a touch further to 4.4%, not enough to create a sense of urgency to lower rates.”

Trump walks away as a reporter asks him when was the last time he had discussions with Iran

NASDAQ 100 EXTENDS DROP TO 4.5%

Bad memory.

“.. the world’s most valuable digital currency has now tumbled 18% during its six-day losing streak ..” @barrons.com #$IBIT www.barrons.com/articles/cry...

“.. Meta executives are conscious that they will have to move fast if they decide to raise equity to ensure capacity and investor enthusiasm remain amid a historic glut of activity in US public markets.” @financialtimes.com #$META www.ft.com/content/e6df...

#$META following #$GOOGL. "tens of billions of dollars" in a secondary being discussed.

META WEIGHS RAISING TENS OF BILLIONS IN NEW SHARE SALE: FT

“.. Every internal email, text message or Slack exchange discussing political strategy, government contracts, DEI policies, tariffs, antitrust, AI moderation, donor relationships or regulatory negotiations could someday appear on a hearing-room screen.” @wsj.com www.wsj.com/opinion/ceos...

One day I will miss this kind of thing *TRUMP: LOOKING INTO HOW AMERICAN PUBLIC CAN BENEFIT FROM AI

NYT: “.. least 97 of the nearly 1,600 people who were charged in connection with the Capitol riot have been accused of new crimes since Jan. 6, 2021 ..” @nytimes.com www.nytimes.com/2026/06/04/u...

RENMAC on jobs: “.. One industry that has been slowing notably in recent months: finance & insurance. Over the last six months, finance & insurance payrolls have declined sharply over the last six months, down 2.1% SAAR.”

good luck, kev!

Pritzker hits pause on data center subsidies in Illinois

Game 3. (via @espn.com)

U.S. STATES ARE PREPARING A LAWSUIT TO BLOCK PARAMOUNT'S ACQUISITION OF WARNER BROS

FT Exclusive: The Trump-run Kennedy Center accepted a $2mn donation from an alleged 'fake CIA operative' who made the gift to curry favour with the White House during a dispute with a former business partner, a lawsuit has asserted. ft.trib.al/hR5jEqJ

The New York Post is devastated.

RBADVISERS: “.. If not for politics the Fed would probably be seriously raising rates. Accelerating Inflation, rampant financial market speculation, booming # capex and now payroll expansion in 4 of 5 months.”

Only six new musicals opened on Broadway this season, with four competing for the top prize, but there’s more consistent quality among the shows without songs. on.wsj.com/49CGgwc

NASDAQ 100 INDEX EXTENDS DECLINE TO 3.5%

Large cap movers are a red sea of semis #$ARM -9.2% #$MRVL -8.8% #$QCOM -7.9% #$INTC -7.7% #$AMD -7.6% #$SNDK -7.3% #$MU -7.3% #$MPWR -7.2% #$WDC -6.7% #$KLAC -6.4% #$NXPI -6.3% #$AVGO -6.0% #$AMAT -5.8% #$CDNS -5.7% #$LCRX -5.6% #$MCHP -5.4% #$TXN -5.4% First non-semi on the loserboard for today is #$SHOP -5.3%

We're just here doing our duty of keeping the Trump Administration honest.

News: Lesley Stahl, Bill Whitaker, and Jon Wertheim have decided to remain at “60 Minutes.”

*BITCOIN FALLS BELOW $60,000 FOR FIRST TIME SINCE OCTOBER 2024

Broadcom off $100 in two days. First peek below the 50-day going back almost to Memorial Day. @cnbc.com #$AVGO

Quick. Keep building pipelines.