📈 Payday

Good morning.

The Fast Five → Tesla investors back Musk’s $56 Billion pay deal, US weekly jobless claims at 10-month high, Biden taps bank bailout cop, Trump tells CEOs he’ll cut corporate tax rate to 20%, and Roaring Kitty doubles down as stake grows to 9 million shares…

Calendar: (all times ET)

• Today: Consumer sentiment, 10:00a

Your 5-minute briefing for Friday, June 14:

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BEFORE THE OPEN

PRE-MARKET

MARKETS

• Stock futures flat: S&P -0.05%, Nasdaq +0.03%, Dow -29 points.

• Adobe surged 15% post-earnings, raised full-year guidance.

• S&P 500 and Nasdaq hit record closes.

• Wholesale inflation fell 0.2% in May.

• Cooling inflation boosts: S&P +1.6%, Nasdaq +3.1%, Dow -0.4%.

EARNINGS

• Full calendar here

NEWS BRIEFING

Tesla Investors Back Musk’s $56 Billion Pay Deal

Roaring Kitty's GME Stake Grows to 9 Million Shares After Selling Options Position

• US weekly jobless claims at 10-month high; inflation cooling (link)

• Tesla shareholders sued Elon Musk for starting xAI (link)

• Boeing has investigated a new quality problem after discovering hundreds of fasteners were incorrectly installed (link)

• Emirates was fined $1.5 million by the US for operating flights in prohibited airspace (link)

• Biden taps bank bailout cop to lead troubled regulator (link)

• Trump tells CEOs he would cut corporate tax rate to 20% (link)

• Apple was hit with a class action lawsuit accusing it of underpaying over 12,000 female employees in California (link)

• Microsoft whistleblower told ProPublica the company chose profit over security, leaving the US government vulnerable to the SolarWinds Russian hack (link)

• Talking too much about your work stress makes you look 'less competent and less warm' to co-workers, according to a new University of Georgia study (link)

• Cutting alcohol is saving Americans hundreds per year, with the average drinker spending over $700 on beer and wine alone in 2021 (link)

• Unhappy workers may dent the global economy by $8.9 trillion, or 9% of GDP, according to a Gallup report (link)

• A new report showed Florida has the 7th best economy in the US in 2024 (link)

CRYPTO

• Former President Donald Trump wants all future Bitcoin to be "MADE IN THE USA" after meeting with top US Bitcoin miners (link)

• Bitcoin whales scooped up $1.4 billion in BTC in 24 hours among market correction as exchange supply hit its lowest since December 2021 (link)

• The SEC hit TerraForm with a $4.5 billion penalty, but no one is going to pay it (link)

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DAILY SHARES

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