TLDR

MARKET RECAP → Stocks rose Tuesday as investors gained confidence on hopes of further progress around US-China trade relations. Meanwhile, Bitcoin (BTC) continues to trade around its all-time high of >$111K. $BTC.X ( ▼ 0.67% ) 

FOREIGN INVESTORS FLINCH AT SECTION 899 → 💸 Fund managers warned that Trump’s new tax proposal could accidentally drive foreign investors out of U.S. markets, denting equity inflows and turning mutual funds into unintended collateral

TROOPS, TENSIONS & A LA LAWSUIT → 🚨 Trump sent more troops to L.A., Newsom sued, Marines deployed, and chaos ensued—all while everyone argued over who’s really in charge of California’s National Guard.

2025 CNBC DISRUPTOR 50 UNVEILED →🏅 Anduril tops CNBC’s 2025 Disruptor 50, with AI-powered startups from OpenAI to Ramp dominating the list, showcasing private companies transforming industries at scale.

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Read more about the “big, beautiful bill” that’s stirring up a fiscal frenzy.

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MARKETS

Market Snapshot

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Notable Earnings This Week

POLL OF THE DAY

FINANCE

Foreign Investors Flinch at Trump Tax

🔍 Fund managers warned Congress that Trump’s proposed Section 899 tax—designed to punish countries with “unfair taxes”—could accidentally scare off foreign investors from U.S. equities, leading to capital outflows and hurting American markets.

💸 The Investment Company Institute argued that the provision could slash returns for investors in Europe, Canada, and beyond by adding up to a 20% tax on top of existing levies, effectively making U.S. mutual funds and ETFs financial collateral damage.

📉 While some investors may rethink U.S. stocks, others say the low dividend yields of most American companies could cushion the impact—especially with capital gains and buybacks largely unaffected.

TECH

Troops, Tensions, and a Lawsuit

🔫 Trump authorized 2,000 more National Guard troops to L.A. following immigration protests, sparking backlash from Governor Newsom, who sued to block what he called an illegal power grab.

⚖️ Newsom and AG Rob Bonta argued Trump’s federalization of California’s Guard bypassed state authority and invoked emergency powers under false pretenses—namely, a “nonexistent invasion.”

📣 Meanwhile, Marines were mobilized, a union leader was arrested, and Trump doubled down by suggesting Newsom be arrested too, drawing sharp criticism from civil rights groups and lawmakers alike.

TECH

🏅 2025 CNBC Disruptor 50 Unveiled

🚀 Anduril Leads the Charge: Defense-tech powerhouse Anduril grabs the #1 spot on CNBC’s 2025 Disruptor 50 list, recognized for revolutionizing military AI and autonomous systems.

📡 AI Innovators Dominate: Runners-up include OpenAI and other leading firms transforming industries with AI — from financial workflows (e.g., AlphaSense in the top 10) to fintech platforms like Ramp, which jumped from #32 to #6.

🌍 Why It Matters: This annual list highlights privately held companies redefining the business landscape through technological disruption; CNBC emphasizes that this year’s cohort is “challenging the status quo” across sectors.

KEEP READING

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