TLDR

MARKET RECAP → Stocks rose Tuesday despite jobs data concerns and looming inflation reports. Mega-cap tech stocks led the way, pushing the Nasdaq (QQQ) to another fresh record high.

🪄 APPLE AWE-DROPPING → Apple (AAPL) unveiled the ultra-thin iPhone 17 Air, next-gen AirPods with real-time translation, Apple Watch upgrades, and iOS 26 launching September 12 with shipments from September 19.

🆘 DIMON FLAGS ECONOMIC SOFTENING → JPMorgan’s (JPM) Jamie Dimon says the economy is weakening after big job revisions, recession odds are unclear, and Fed rate cuts may not be enough to save growth.

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MARKETS

Market Snapshot

Today’s S&P 500 Heatmap

Notable Earnings This Week

TECH

Apple Awe-Dropping

📱 iPhone 17 steals the stage. Apple (AAPL) unveiled its thinnest-ever iPhone lineup, led by the iPhone 17 Air, which crams Pro-level performance into a featherweight frame. Preorders kick off September 12, with devices shipping September 19.

🎧 AirPods and Watch upgrades. The new AirPods Pro 3 boast real-time translation and sharper noise cancellation. Apple Watch Series 11 adds blood-pressure tracking, while the rugged Ultra 3 now comes with satellite SOS for the adventurous crowd.

🖥️ iOS 26 rollout. Apple confirmed iOS 26, iPadOS 26, macOS “Tahoe,” and watchOS 26 will launch mid-September, tightening ecosystem integration and giving developers fresh hooks into Apple’s software universe.

ECONOMICS

Dimon Flags Economic Softening

🛑 Labor market cracks widened. Jamie Dimon, CEO of JPMorgan (JPM), warned the U.S. economy is weakening after the government slashed job growth estimates by 911,000 for April 2024–March 2025. The revisions reveal a far softer labor market than first thought, raising questions about momentum heading into year-end.

📉 Recession is a coin toss. Dimon said it’s unclear if the slowdown tips into a recession or just a weaker expansion. He stressed that while conditions are softening, calling the next move with certainty is impossible — a rare admission from Wall Street’s most seasoned bank chief.

🏦 Rate cuts may fall flat. Dimon expects the Federal Reserve to cut rates but doubts that monetary easing will fully counteract underlying weakness. Translation: cheaper borrowing might not be enough to reignite growth if jobs and confidence keep sliding.

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KEEP READING

Job growth revised down by 911,000 through March, signaling economy on shakier footing than realized (CNBC)

U.S. economy is worse than thought with 1.2 million fewer jobs — what that means for the Fed (CNBC)

CEO: I’ve interviewed over 500 candidates—these 3 subtle habits scream ‘red flag’ in job interviews (CNBC)

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