TLDR

💹 MARKET RECAP → Stocks rose to fresh highs, led by health care, as weak jobs data and a government shutdown fueled hopes of Fed rate cuts — markets are smiling, though volatility looms.

🔥 MUSK VS. NETFLIX → Elon Musk (TSLA) called on users to cancel Netflix (NFLX), knocking shares ~2% and adding fuel to culture-war battles in streaming.

📊 GOVERNMENT BUYS IN → The U.S. government now holds a 10% non-voting stake in Intel (INTC), fueling a stock rally but raising corporate governance and geopolitical risks.

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MARKETS

Market Snapshot

Today’s S&P 500 Heatmap

Notable Earnings This Week

MEDIA

Musk vs. Netflix

Gemini

🔥 Call to cancel. Elon Musk (TSLA) urged followers to cancel Netflix (NFLX), accusing the streamer of pushing political bias and “woke” content, sparking another online firestorm.

📉 Shares dip on sentiment. Netflix stock slid about 2% intraday as traders weighed potential reputational fallout, though analysts noted subscriber churn from Musk’s call is likely limited.

Culture war ripple. The move underscores how tech billionaires can move markets and shape cultural debates, especially as Netflix braces for heavier competition from Disney+ (DIS) and Amazon Prime (AMZN).

TECH

Government Buys In

Gemini

🏛️ 10% stake confirmed. The U.S. government acquired a 10% equity stake in Intel (INTC), converting previously granted funds into shares as part of its national semiconductor strategy.

💹 Stock lifts on deal. Intel’s stock rose sharply on the news, as investors interpreted the move as a supportive backstop amid the company’s turnaround efforts.

⚖️ Risks in state ownership. Intel warned that the government stake could trigger business risks—dilution concerns, operational pressures, and potential backlash in international markets.

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Trump touts shutdown as ‘unprecedented opportunity’ to cut more Democratic priorities (CNBC)

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