Episode Details

Stocks took a minor dip yesterday, led by tech, but Meta Platforms gained thanks to reports of a new AI cloud business — a potential lifeline for its lagging shares. Fed Chair Kevin Warsh signaled inflation may be cooling and reaffirmed commitment to the 2% target, rejecting calls for rate cuts. Oil prices surged, and traders still expect at least one hike this year. Meanwhile, semiconductors plunged amid holiday caution and U.S.-Iran tensions. The market’s strong run — best quarters since 2020 — paused slightly, with all major indices closing lower. Jobs data arrives today, and trading shuts down tomorrow for Independence Day.

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