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- Trump's wins over Nvidia CEO for his push for American AI dominance
Trump's wins over Nvidia CEO for his push for American AI dominance
Nvidia CEO praises Trump for merging AI and energy policy, Powell cowers before Trump, VW feels the pain for the EU's failure, and more...
Hello Capitalists,
Nvidia’s CEO sees a bright future for American AI and American Energy under Trump. DJT showed up at the Fed and it was clear who is in charge (and it wasn’t Jerome Powell) Europe is beginning to pay the price (in the billions) for dragging their feet over Trump’s trade deals.
Here’s everything you need to be following today:
DOW: 44754.33 - (⬆️0.14) ✅
S&P: 6380.12 - (⬆️0.27) ✅
NASDAQ: 21110.65 - (⬆️0.25) ✅
CBOE VIX Volatility Index: 15.04 (⬇️0.35) ⚠️⬇️
Nvidia CEO praises Trump for his AI plan and energy policy
Nvidia CEO Jensen Huang praised President Donald Trump’s artificial intelligence plan Wednesday, saying it will “fundamentally change” the United States’ global tech standing.
Nvidia CEO Jensen Huang lauded President Trump’s AI plan, stating it will significantly enhance U.S. technological leadership by boosting AI innovation and infrastructure deployment.
Huang highlighted the critical link between energy policy and AI advancement, emphasizing Trump’s pro-energy stance as vital for powering AI data centers and supporting new industries.
The Trump administration’s decision to lift restrictions on Nvidia’s H20 chip exports to China was discussed, with Huang noting it allows American tech to compete globally, especially in a market with 50% of the world’s AI researchers.
Huang expressed confidence in U.S. innovation, dismissing concerns about intellectual property theft in China and asserting that America’s computer industry remains a global leader.
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Trump and Powell go head to head during historic Fed visit
President Donald Trump clashed with Federal Reserve Chair Jerome Powell over renovation costs during a rare visit to the central bank’s headquarters Thursday.
Trump's Fed Visit: President Trump toured the Federal Reserve’s $2.5 billion headquarters renovation site in Washington, D.C., on July 24, 2025, accompanied by Fed Chair Jerome Powell, Republican Sens. Tim Scott and Thom Tillis, and administration officials, including Powell critic Bill Pulte.
Renovation Cost Dispute: Trump and Powell publicly disagreed over the cost of the Fed’s renovation, with Trump claiming costs had risen to $3.1 billion, while Powell disputed the figure, clarifying that it included a separate building project completed years earlier
Pressure on Interest Rates: The visit was part of Trump’s ongoing campaign to push Powell to lower interest rates, accusing him of incompetence and political bias, though Trump initially nominated Powell in 2017.
Backing Off Firing Threats: Despite earlier suggestions of firing Powell, Trump indicated he was abandoning the idea, stating it was unnecessary and expressing belief that Powell would “do the right thing” before his term ends in May 2026.
Quote of the Day:
“A man I do not trust could not get money from me on all the bonds in Christendom. I think that is the fundamental basis of business.”

A king looking on his empire…
Europes biggest carmaker’s profits tumble as the EU drags its feet on tariffs
Volkswagen, Europe's largest automaker, reported a 29% drop in second-quarter profit to 3.83 billion euros ($4.49 billion) on Friday, as U.S. import tariffs started to bite.
Volkswagen's second-quarter operating profit fell to 3.83 billion euros, missing analyst expectations of 3.94 billion euros, primarily due to U.S. import tariffs and restructuring costs.
The company reported second-quarter sales revenue of 80.8 billion euros, below the forecasted 82.2 billion euros, amid challenges from tariffs, competition from Chinese car brands, and higher sales of lower-margin electric vehicles.
Volkswagen lowered its 2025 operating return on sales forecast to 4-5% from 5.5-6.5% and expects full-year sales to remain flat compared to the previous year's projected 5% growth.
U.S. tariffs, which cost Volkswagen 1.3 billion euros in the first half of 2025, and a potential increase to 30% from August 1, continue to pressure the company, alongside industry-wide challenges like robust Chinese competition.
FCC approves $8 Billion merger that will shake up CBS
The Federal Communications Commission on Thursday approved an $8 billion merger between Paramount Global and Skydance Media, paving the way for a major media consolidation.
The FCC approval of the deal, announced over a year ago, includes CBS, Paramount Pictures, and Nickelodeon.
FCC Chairman Brendan Carr emphasized Skydance’s commitment to unbiased journalism and the absence of DEI initiatives, citing public distrust in legacy media as a reason for the merger’s approval.
The decision followed Paramount’s $16 million settlement with President Trump over a lawsuit regarding a "60 Minutes" interview, raising accusations of political pressure influencing the approval.
Paramount chair Shari Redstone will depart the board, and Skydance, led by David Ellison, son of Oracle’s Larry Ellison, will take control through National Amusements’ stake.
Tesla to launch self driving taxis in San Francisco after successful Austin test
Tesla is set to launch its robotaxi service in the San Francisco Bay Area as early as this weekend.
Tesla plans to launch its robotaxi service in San Francisco following a controlled test run in Austin, Texas, earlier this year.
The service will operate in a geofenced area covering parts of the Bay Area, including Marin, the East Bay, San Francisco, and San Jose, with select Tesla owners invited to participate.
CEO Elon Musk has shifted Tesla’s focus to autonomous vehicles and robotics to counter declining electric vehicle sales, but the company has not yet secured full driverless testing permits in California.
The rollout includes safety drivers in the vehicles, and California regulators noted Tesla still needs permits from the Department of Motor Vehicles and Public Utilities Commission for fully autonomous operations.
“Real American” Hulk Hogan dead at 71 as a nation mourns an icon
Hulk Hogan, the iconic professional wrestler whose larger-than-life persona defined an era, died Thursday at 71, prompting heartfelt tributes from peers as well as President Trump.
Hulk Hogan’s Death: WWE legend Hulk Hogan, whose real name was Terry Bollea, died at 71 after suffering a possible cardiac arrest at his home in Clearwater, Florida, as reported by TMZ Sports.
Aron Stevens’ Tribute: National Wrestling Alliance wrestler Aron Stevens, formerly Damien Sandow in WWE, praised Hogan as a figure “woven into the fabric of Americana,” embodying American ideals during the less divided 1980s, with memorable feuds against the Iron Sheik and Sgt. Slaughter.
Cultural Impact: Stevens highlighted Hogan’s ability to inspire fans, noting his positive influence on children and adults through his persona and charitable acts.
Recent Endeavors: Hogan was set to launch Real American Freestyle, a new venture aimed at promoting freestyle wrestling, and had recently made high-profile appearances at the Republican National Convention and a Madison Square Garden rally.