The biggest lesson of the AI era: never get comfortable.

On June 2nd, IBM, $IBM, was up +13% for the year and trading at its highest level on record.

Today, just 42 days later, $IBM fell -25% posting its biggest daily decline since 1968.

The stock is now down -35% in 42 days erasing over -$100 billion in market cap.

AI is rapidly transforming the global economy.

Adapt or be left behind.
(@TheKobeissiLetter)

US CENTCOM: : AT 6 A.M. ET TODAY, U.S. CENTRAL COMMAND FORCES BEGAN LAUNCHING A WAVE OF STRIKES AGAINST IRAN
(@WalterBloomberg)

*US BEGAN STRIKING IRAN AT 6AM ET TODAY, CENTRAL COMMAND SAYS
(@WalterBloomberg)

TRUMP DEFENDS ICE AND TRAFFIC STOPS

Trump praised ICE, claiming crime is falling and arguing that strict immigration enforcement remains necessary.

He defended traffic stops as a key crime-fighting tool and urged ICE officers to act “judiciously, fairly and smartly.”

Trump blamed Biden’s border policies for allowing millions of unchecked migrants into the US and vowed not to weaken ICE enforcement.
(@WalterBloomberg)

US AVERAGE 30-YEAR MORTGAGE RATE RISES 7 BPS TO 6.65 PCT IN JULY 10 WEEK - MBA
(@WalterBloomberg)

TRUMP ON WAR IN UKRAINE: -THINK RUSSIA READY TO MAKE A DEAL SOON -INTERVIEW
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CENTCOM: STRIKES AIMED TO FURTHER DEGRADE IRAN’S ABILITY TO ATTACK COMMERCIAL SHIPPING IN THE STRAIT OF HORMUZ
(@WalterBloomberg)

TRUMP: IRAN CALLED A WHILE AGO; THEY WANT TO MAKE A DEAL
(@WalterBloomberg)

R O M E T A L K S C O N C L U D E

US, Israeli and Lebanese officials concluded two days of talks in Rome, described as productive by a senior US official. The parties agreed on the structure and guidelines for a regional pilot process expected to be implemented in the coming days, according to Axios reporter Barak Ravid.
(@WalterBloomberg)

TRUMP: HAVEN'T DECIDED ON PULLING OUT TROOPS OUT OF EUROPE
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IRAN'S TOP NEGOTIATOR QALIBAF TO RELEASE A STATEMENT ON THE WAR AND RECENT EVENTS - STATEMENT
(@WalterBloomberg)

IRAN'S MEHR SAYS U.S. PROJECTILES HIT A LOCATION ON HENGAM ISLAND
(@WalterBloomberg)

*IRAN SAYS NO PLANS FOR US TALKS, FOCUS IS ON DEFENSE: TASNIM
(@WalterBloomberg)

$SPCX - SPACEX SHARES EXTEND LOSSES, LAST DOWN 2.8%
(@WalterBloomberg)

$SPCX - SPACEX FALLS BELOW IPO PRICE

SpaceX shares fell 1.7% to $134, slipping below their $135 IPO price for the first time.

The stock is now far below its $225.64 peak, raising concerns that its valuation was driven more by hype than fundamentals.

Investors now await SpaceX’s first post-IPO results, which will be released through its website and X account.
(@WalterBloomberg)

TRUMP: GOVERNOR KATHY HOCHUL, FOR POLITICAL REASONS, HAS TERMINATED ALL DATA CENTERS BEING BUILT, OR TO BE BUILT, IN NEW YORK STATE
(@WalterBloomberg)

TRUMP: NEW YORK STATE HAS MADE A TERRIBLE DECISION
(@WalterBloomberg)

TRUMP: NEW YORK SHOULD CHANGE ITS POLICY ON DATA CENTERS IMMEDIATELY
(@WalterBloomberg)

IRAN'S TOP NEGOTIATOR QALIBAF: WE HAVE NEVER WELCOMED WAR AND DO NOT, BUT WE MUST ALWAYS BE READY TO FIGHT AND STAND TO THE END TO SAFEGUARD OUR NATIONAL SECURITY AND INTERESTS
(@WalterBloomberg)

IRAN'S TOP NEGOTIATOR QALIBAF: WE MUST ALSO USE THE TOOLS OF DIPLOMACY AND NEGOTIATION TO REALIZE AND SECURE NATIONAL INTERESTS
(@WalterBloomberg)

IRAN'S TOP NEGOTIATOR QALIBAF: WE ARE IN AN ESSENTIAL AND EXISTENTIAL WAR WITH AMERICA, WHOSE AIM BESIDES TOPPLING IRAN'S SYSTEM IS TO FRAGMENT OUR BELOVED COUNTRY, IRAN
(@WalterBloomberg)