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The billionaire investor also stated that Trump’s tax bill might pressure the stock and bond markets in the coming times.

President Donald Trump also urged the Fed to go for a full 100 basis points rate cut, given that inflation is under control.

Consumer price index rose 0.1% in May on a seasonally adjusted basis, following a similar rise in April.

The U.S. President also stated that he will work closely with Chinese President Xi Jinping to revamp the U.S.-China trade, which he believes will be great for both nations.

Morgan Stanley’s economics team expects a modest push from tariffs, underlined by firmer prices for new cars, apparel, and other goods such as household appliances.

While Dow Jones futures were flat at the time of writing, the S&P 500 futures rose 0.08%.

The Vanguard Total International Stock Index Fund ETF Shares, an ETF that tracks a benchmark index comprising global stocks, excluding the U.S., is up 16% year-to-date compared to the S&P 500’s 2.1% gain.

The survey showed that the mean perceived probability of losing one’s job in the next 12 months reduced by 0.5 percentage point to 14.8%.

Long-term concerns about AI are shifting to the back burner as earnings showed the sector is building momentum; these three ETFs are ready to move higher

While Dow Jones futures were up 0.06% at the time of writing, the S&P 500 futures rose 0.04%.

The public spat between Trump and Musk raised concerns among investors, prompting a sharp sell-off in Tesla stock on Thursday.

This week, key economic data will be released, including the Bureau of Labor Statistics’ May consumer and producer price inflation reports, the weekly jobless claims, and the University of Michigan’s preliminary consumer sentiment index for June.

Tesla’s shares led gains among the Magnificent 7 stocks following a steep sell-off on Thursday amid CEO Elon Musk’s public clash with President Donald Trump.

The U.S. President further noted that a rate reduction by the Fed would greatly help in managing the debt that is coming due.

While health care added 62,000 jobs in May, higher than the average monthly gain of 44,000 over the prior 12 months, leisure and hospitality added 48,000 jobs, and social assistance added 16,000.

Trump’s chief of staff, Susie Wiles, told NBC News that there are “no plans” for U.S. President Donald Trump to call the Tesla chief on Friday.

Esposito reportedly said the Trump administration’s response to the situation will be “super important.”

The Fed official stated that disinflation has slowed, and the effects of higher tariffs are expected to continue raising inflation in 2025.

The price of silver has appreciated by more than 20% so far this year, but gold prices have seen an uptick of more than 28%.

Although Griffin acknowledged that prices have been impacted by some liquidity issues in the credit default swaps (CDS) market, he called the conversations surrounding the swap prices “unfathomable.”