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Trump launches America First cellphone service "Trump Mobile"
The Trump organization announces a massive new project, markets respond to war in the middle east, a Chinese stocks scam duped Americans out of millions, the LA riots backfire in a hilarious way and more...
Hello Capitalists,
Trump Mobile just got launched. Oil prices continue to rise. “Iron Dome” faces it’s toughest challenge yet. The Israel-Iran conflict has traders in a bind about how to play the market. The EU is desperate to lock in tariffs at only 10% and vandals in LA just took thousands of people back to 1990 by cutting Spectrum’s fiber optic internet cables.
Let’s break it down for you:
The Top Line Market Numbers:
DOW: 42571.68 (⬆️0.89) ✅
S&P: 6039.36 (⬆️1.04) ✅
NASDAQ: 19702.65 (⬆️1.52) ✅
Trump Mobile is here!
The Trump Organization announced a new mobile phone service called Trump Mobile, and it could be poised to change the US cellphone landscape radically.
“Trump Mobile is going to change the game, we’re building on the movement to put America first, and we will deliver the highest levels of quality and service. Our company is based right here in the United States because we know it’s what our customers want and deserve.”
Trump Mobile Launch: The Trump Organization unveiled Trump Mobile, a new wireless service offering a $47.45-per-month plan with unlimited talk, text, and data, plus perks like roadside assistance and telehealth benefits.
T1 Smartphone: Alongside the service, they’re rolling out a $499 “T1” smartphone in September, featuring a gold-colored case with an American flag design, aiming to appeal to patriotic consumers.
American-Made Push: The service will use U.S. call centers and claims to offer phones made in America, positioning it as a conservative-friendly alternative to telecom giants like AT&T and Verizon.
Quote of the Day:
“In the end, you’re measured not by how much you undertake, but by what you finally accomplish.”
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“Iron Dome” faces its biggest test ever as Iran unleashes everything it has on Israel
Israel’s world famous air defense system “Iron Dome” is being put to the ultimate test by Iran’s latest efforts which have included highly advanced “hypersonic” missiles.
Israel’s Air Defense Under Fire: Iran launched a massive barrage of ballistic missiles at Israel, testing its multilayered air defense system.
The system is comprised of three levels - “Iron Dome”, “David’s Sling”, and “Arrow” - that gradually extend the range it can intercept threats from several hundred feet above the ground all the way out to the edge of space. It has a strong track record but is now facing an unprecedented challenge with some missiles slipping through.
Conflict Intensifies: The back-and-forth attacks between Israel and Iran have entered their fourth day, with Iranian missiles hitting cities like Tel Aviv and Haifa, killing at least four and wounding dozens.
Stunning footage: Social media all weekend has been filed with videos of Iron Dome in action not just hitting missiles inside Earths atmosphere, but also exothermic interceptions of ballistic missiles in space.
Oil prices climb as Middle East refineries burn
The ongoing conflict between Israel and Iran is shaking up oil markets for another day. After the spike in prices on Friday morning, prices over the weekend crept up again.
Oil Prices Climb Amid Conflict: Brent crude jumped 2.3% to $75.93 a barrel, and U.S. West Texas Intermediate rose 2.2% to $74.60.
Energy Infrastructure Targeted: Israel struck Iran’s South Pars gas field and an oil depot near Tehran, while Iran hit Israel’s Haifa refinery, though critical oil export facilities have been spared so far, keeping markets on edge but not descending in to panic.
Hope for De-escalation: U.S. President Donald Trump expressed optimism about a possible Israel-Iran ceasefire, but Iran’s resistance to talks while under attack adds uncertainty, with the Strait of Hormuz—a key oil export route—still at risk.
Don’t be their next victim! American investors fall prey to Chinese stock scam
A sophisticated network of fraudsters has bilked American investors out of millions of dollars through pump-and-dump schemes targeting small Chinese companies listed on U.S. stock exchanges, prompting the Justice Department to launch a specialized enforcement team as part of the Trump administration's white-collar crime crackdown.
Widespread Scam Operation: College professor Braden Lindstrom and hundreds of other Americans have been duped out of millions. Victims are recruited through Facebook and WhatsApp ads promising investment advice, then told to buy shares in obscure Chinese firms that crash after artificial price spikes.
Massive Scale and Impact: Nearly 60 China-based companies have conducted small IPOs on Nasdaq since 2020, with over one-third experiencing sudden 50%+ price drops in recent years. In one case involving China Liberal Education Holdings, seven traders allegedly defrauded 600 victims out of $480 million before authorities seized $214 million in proceeds.
Justice Department Response: The Trump administration has made fighting these frauds a priority, with the Justice Department standing up a specialized team to "identify and root out these bad actors" and recover victim funds. However, U.S. regulators face challenges accessing evidence in China despite these companies marketing to American investors.
Several Chinese companies listed on Nasdaq were used in these pump-and-dump scams:
Jayud Global Logistics - A small Chinese shipping company where victims like Braden Lindstrom lost $80,000+. The stock was promoted as "Cash Cow 5" and claimed it would be acquired by Matson. Price crashed 96% from $8 to under $1 in April.
China Liberal Education Holdings - Involved in a criminal case where seven traders allegedly defrauded 600 victims out of $480 million.
Lixiang Education Holding - Used as a follow-up scam after Jayud crashed. Price fell from $23 to $7 on April 17 and now trades at $2.
NetClass Technology - Currently under investigation by authorities for suspicious trading.
Traders play it cool over Israel/Iran conflict, experts say they might be underestimating market impact
The escalating conflict between Israel and Iran isn’t just a far-off headline—it’s sending shockwaves through global markets. Investors are making big moves, and with oil prices and stocks reacting, this could hit everything from your gas pump to your portfolio.
Markets Stay Cool Despite Escalation: Global stocks rose Monday even as Israel and Iran traded blows for the fourth day, with Israel’s airstrikes hitting Iranian energy sites, but experts warn investors might be too chill about the risks.
Energy Prices Jumpy: Oil prices spiked after Israel targeted Iran’s oil depot and gas facilities, with Brent crude hitting $77.48 a barrel overnight, stoking fears of supply disruptions, especially if Iran messes with the Strait of Hormuz.
Mixed Expert Takes: Some say markets are underpricing a potential Middle East blow-up, especially for energy, while others think both sides might avoid the worst, betting on a temporary lull before more tension.
Backchannel resolution: Just this morning Iran has said privately that it would be prepared to return to the negotiation table for talks if the US does not get involved in the current campaign.
New grads plunged into brutal labor market, AI and other factors to blame
Recent college graduates are facing a significantly deteriorating job market, with unemployment among 22-27 year olds jumping to 5.8%—the highest since 2021—even as overall college graduate unemployment remains at just 2.7%.
New Grads Have It Rough: The Federal Reserve Bank of New York found the labor market "deteriorated noticeably" in the first quarter of 2025, hitting new workforce entrants the hardest.
The primary drivers include a hiring slowdown in technology combined with an oversupply of computer science graduates, plus increasing displacement of entry-level positions by artificial intelligence at higher rates than other job categories.
Despite representing only 5% of the workforce, recent graduates are having an "oversize role in pushing the national unemployment" rate higher. Experts project their unemployment will remain elevated unless there's a surge in tech company demand or mass exodus from the labor force—both scenarios considered "unlikely"—while AI-driven applicant tracking systems make it even harder for candidates to stand out in the highly competitive market.
The EU is desperate to get a tariff deal before July 9th
The EU is scrambling to negotiate a deal to keep tariffs at 10% before Trump’s July 9, 2025, deadline, as he’s threatened steeper duties that could hit European goods hard, especially steel and aluminum, which already face 50% tariffs.
Trump’s Tariff Strategy: Trump paused his “Liberation Day” tariffs in April but is now pushing for new trade deals, sending letters to 130 countries to set unilateral tariff rates, with a 55% tariff on Chinese goods already in play to address issues like rare earth mineral exports.
Economic Uncertainty: Markets are jittery as JPMorgan’s Jamie Dimon notes tariffs’ effects might show up by mid-2025, while the EU’s central bank warns of impacts on investment and exports, with no clear outcome as talks could lead to deals, extensions, or new tariffs.
Parts of LA go back in time as vandals cut internet cables leaving residents”offline”
Hey, imagine trying to stream your favorite show or call your dad on Father’s Day, only to find your internet and cable completely out. That’s exactly what happened to thousands of people in Los Angeles, and it wasn’t just a random glitch—it was a deliberate act of vandalism that disrupted lives and even raised concerns about public safety.
Vandals targeted Spectrum’s fiber optic lines in Van Nuys, Los Angeles, early Sunday morning, causing a massive outage that knocked out internet, cable, and phone services for thousands across the area.
Spectrum called it a “criminal act” and is offering a $25,000 reward for info leading to the culprits’ arrest, noting that these kinds of attacks are becoming a growing problem for the telecom industry, often tied to the rising value of precious metals.
The outage hit hard on Father’s Day, leaving neighborhoods without connectivity, potentially affecting home security systems and local businesses, with some X users pointing out the risks of being “offline” in a connected world.