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☕️ GM Munchers! Yesterday’s price action was wild — my portfolio took more hits than I do when I suggest “we skip date night to watch the Fed press conference.”

On today’s menu:

• 📉 Fed Holds Rates, Nvidia Jumps & Trump VS China

• 🚀 Google Tanks, Disney Rages

• 🥇 Gold Stumbles as Oil Floods the Market

• 🚀 A Hidden Bull Sign?

• 😬 This Billionaire Is Afraid of AI

Yesterday’s numbers:

BREAKING NEWS

📉 Fed Holds Rates, Nvidia Gets A Boost & Trump Gets Angry With China

Yesterday delivered a perfect market cocktail—one part policy standoff, one part geopolitical tension, and a surprise tech twist in the final hour.

Trump rattled China's cage, Powell put traders into a policy-induced coma, then the semiconductor sector crashed the party with minutes left in the session.

Let's decode what actually happened:

⏰ Jerome Powell Holds Rates Steady

The Fed kept interest rates right where they’ve been since December (4.25%–4.5%), shocking absolutely no one.

But Powell did drop a nugget worth noting: things are getting more uncertain. The Fed’s now sweating over two headaches at once:

• Jobs might get harder to find

• Prices might keep climbing

Translation? They basically whispered the S-word — “stagflation” — without actually saying it.

So, what’s really going on?

The Fed’s stuck.
They can’t cut rates because inflation’s still a problem.
They can’t hike rates because it might crush the job market.
So… they’re doing what many of us do when stuck — stalling and blaming Trump’s tariffs.

For traders, that means the Dollar’s direction is foggy at best.

Our take: Expect some choppy, sideways USD action until the next big catalyst hits.

🇨🇳 Trump Plays Hardball With China

While Powell was choosing his words carefully, Trump was... well, being Trump.

The President flatly shut down any suggestion of easing the 145% tariffs on Chinese goods. He flat out said "no" when asked if he might consider pulling back to bring Beijing to the negotiation table.

This comes just days before Treasury Secretary Scott Bessent is scheduled to meet with Chinese officials in Switzerland—a meeting that China says the U.S. actually asked for.

When asked what he expected from the upcoming negotiations, Trump delivered peak Trumpian economics: "We'll see... we were losing a trillion dollars a year, now we're not losing anything, you know? It's the way I look at it."

The timing creates maximum awkwardness for Bessent, who now enters talks with virtually zero negotiating room. The Chinese delegation will likely interpret Trump's comments as "not cool bro" before the meetings even begin.

Market impact? A quick selloff in companies with significant China exposure.

🚀 Nvidia Gets A Last-Minute Boost

Just when traders thought they could clock out and call it a day, Nvidia's stock decided to have an after-hours party on some juicy news.

Trump plans to trash a rule called "AI diffusion" that would have put computer chip sales on a leash.

The rule would have:

• Split countries into three different clubs (and not the fun kind)

• Made selling fancy AI chips harder than explaining cryptocurrency to your grandma

• Required special permission slips like you're on a middle school field trip

Chip companies like Nvidia and AMD hated this rule. AMD's boss Lisa Su diplomatically called for "balance" between keeping chips safe and selling enough to stay competitive—corporate speak for "please don't kill our profits."

Nvidia's stock jumped 3% on the news.

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STOCKS

🚀 Google Tanks, Disney Rages

Google ($GOOGL ( ▼ 0.99% )) shares tanked ~7.5% yesterday — and you can thank Apple’s Eddy Cue for lighting the match.

Apple’s senior VP dropped a market-moving bomb by saying AI will likely replace search engines in the near future. Translation? Investors just realized Google’s cash-printing search empire might be sitting on a ticking clock.

🔻 AI threat level: high — With Apple planning to roll AI systems like OpenAI, Perplexity, and Anthropic into Safari, the fear is users (and their eyeballs) could start bypassing Google entirely.

🔻 Wall Street panic — If search traffic craters, so does Google’s advertising revenue. Cue’s comments triggered a sharp selloff, knocking Google to the top of yesterday’s loser boards.

The bottom line? The market just gave Google a brutal reminder: even tech kings aren’t safe when AI comes knocking.

💥 Disney Blows Past Expectations

I’ve been dodging Disney for years, telling my wife it’s “too expensive” and “a waste of money.” After yesterday’s earnings report? Turns out it’s not too expensive — I’m just broke.

Disney stock blasted up 10.7% and became one of the market’s top gainers.

🎥 Earnings beat + guidance boost: Disney crushed estimates, thanks to theme parks, streaming, and movies firing on all cylinders.

📺 Streaming win: Disney+ nailed subscriber growth and cut losses — watch out, Netflix.

🏰 Theme park boom: Record revenues as tourists flood the parks (guess we’re all broke together).

🎯 Analyst love: Upgrades rolled in, praising Disney’s turnaround and money-printing content machine.

Maybe it’s time I finally book that overpriced churro.

COMMODITIES

🥇 Gold Stumbles as Oil Floods the Market

Gold slipped 1.36% to $3,376.20/oz today, reminding investors that even shiny things can have bad days.

💥 OPEC+ shocker: The cartel announced a surprise oil production boost for June, sending oil prices tumbling to their lowest since 2021. With inflation fears cooling, gold lost some of its hedging sparkle.

📉 Dollar flex: A stronger U.S. dollar (+0.59%) made gold pricier for foreign buyers — and suddenly everyone was less eager to stack shiny bars in their basement.

⚖️ Risk-on vibes: As traders piled back into tech stocks (hello, Nvidia and Disney), gold’s “safe-haven” vibe faded fast.

Moral of the story? Sometimes even gold can’t compete with Mickey Mouse and AI chips.

🚀 Pre-Market Fuel

1. 🚀 Bullish sign? US companies are buying back stock at the fastest pace in history.

2. 😬 This famous investor says AI poses an imminent threat to humanity.

3. 🇧🇷 Brazil hikes rates to a 20-year high.

4. 🇺🇲 US government spending dropped by 5.1% in the first quarter, mainly due to defence cuts. Can we call it a miracle?

5. 🚗 Ford hikes prices on some models. Says it’s due to tariffs.

🍪 Munchy Memes

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