Hello Capitalists,

The price of eggs is tumbling, the world has until Wednesday to get Trump their trade deals, “Drill Baby Drill” returns to Alaska, Trump burgers rock Houston’s liberals minds, Robinhood just changed the map on Crypto and Nvidia’s Trillion dollar rally shows no signs of stopping.

Let’s break it down for you:

• The Top Line Market Numbers:

• DOW: 42503.85 (⬆️0.47) 

• S&P: 5974.20 (⬆️0.64)

• NASDAQ: 19434.02 (⬆️1.00)

The price of eggs has tumbled since Trump took office

Egg prices have taken a serious dive recently, egg prices have plummeted since January 2025. It’s a real-world example of how economic shifts can hit your wallet directly, especially with something as staple as eggs.

• Big Price Drop: Egg prices have fallen 61% since President Donald Trump took office in January 2025, going from $6.49 per dozen to $2.52, according to USDA data.

• Peak and Plunge: Prices hit an all-time high of over $8 per dozen in early March 2025, but have since dropped significantly, making eggs more affordable.

• Bird Flu Impact: The 2022 bird flu outbreak, which killed 127 million egg-laying hens, drove prices up, but fewer recent cases have helped ease the supply crunch.

• Lower Demand Helps: A third of Americans stopped buying eggs due to high costs, and this reduced demand has contributed to the price drop.

• Imports Boost Supply: Increased egg imports from countries like Turkey, Brazil, and South Korea have helped stabilize the market and lower prices.

• Consumer Relief: While retail prices are still catching up, the sharp decline in wholesale prices signals relief for shoppers, especially ahead of holidays.

Quote of the Day:

Get Ready: Trump's deadline for global trade proposals is tomorrow

The Trump administration has set a major trade deal deadline for Wednesday, June 4, pushing countries to bring their A-game offers.

• Urgent Trade Push: The Trump administration is demanding trade partners submit their best trade deal proposals by Wednesday as a major tariff deadline looms in five weeks.

• Key Focus Areas: The U.S. wants offers on tariffs and quotas for American industrial and agricultural products, fixes for non-tariff barriers, and commitments on digital trade and economic security.

• Major Players Involved: Negotiations are targeting big trading partners like the European Union, Japan, Vietnam, and India, though it’s unclear exactly which countries got the memo.

• Fast-Track Evaluation: The U.S. plans to review these offers quickly and propose a “landing zone” that might include reciprocal tariff rates to seal deals.

• Tariff Pressure: President Trump’s tariffs, set to restart in July, are a bargaining chip to speed up talks, but a recent court ruling blocking some tariffs has stirred controversy.

• Economic Stakes: Trump warns that blocking his tariffs could lead to “economic ruination,” arguing they’re key to balancing trade deficits and protecting U.S. interests.

Immigrant-owned Trump themed burger bar has Houston liberals crashing out

A burger joint in Texas that’s stirring up quite a bit of buzz—and not just for its food! Trump Burger, a chain themed around President Donald Trump and his larger than life rallies, is making waves with its bold political vibe and menu items that take jabs at his rivals. It’s a fascinating mix of fast food and political spectacle.

• Trump-Themed Chain Expands: Trump Burger, started by Lebanese immigrant Roland Beainy in 2020, is growing in Texas with locations in Bellville, Flatonia, Kemah, and a new spot in Houston, serving up burgers branded with “Trump” on the bun.

• Political Decor and Vibe: The restaurants are decked out with American flags, Trump posters, and merchandise like “Trump 2024 The Revenge Tour” caps and “You’re fake news!” T-shirts, creating a rally-like atmosphere.

• Menu with Political Jabs: The menu features items like the “Trump Tower” (a 16-ounce burger) and a satirical “Harris Burger” (1-ounce patty for $50.99, poking fun at inflation), aimed at Trump supporters.

• Mixed Food Reviews: Critics like Bao Ong from the Houston Chronicle found the burgers “consistently bland” and portions like the Philly cheesesteak lacking, but praised the “First Lady Chicken Sandwich” and Blue Bell milkshakes. Some reviewers, like Eater Houston’s Brittany Britto Garley, described the atmosphere as uncomfortable, especially for non-Trump supporters, with “brutish” humor and a politically charged setting.

• Popular Despite Controversy: Despite criticism, the chain is a hit with Trump fans and tourists, drawing crowds with its bold theme, and Beainy plans to open more locations in the Houston area.

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Alaska goes full “Drill Baby Drill” with 13 million acres opening up for oil and gas

Alaska is making big energy moves, opening millions of acres for oil, gas, and mining. The plan could boost energy production but has critics, especially environmentalists, worried about the impact on pristine wilderness and wildlife.

• Reversing Biden’s Rules: The Trump administration plans to scrap a 2024 Biden rule that restricted oil and gas development on 13 million acres in Alaska’s National Petroleum Reserve, aiming to prioritize energy production.

• Massive Land Area: This reserve, about 23 million acres on Alaska’s North Slope, was originally set aside in 1923 as an emergency oil supply for the U.S. Navy but is now managed by the Bureau of Land Management.

• Energy Security Focus: Interior Secretary Doug Burgum says this move is about boosting America’s energy independence by tapping into domestic resources, calling the Biden restrictions an overreach that ignored Congress’s intent.

• Environmental Concerns: Critics, like the Alaska Wilderness League, warn that opening these lands threatens wildlife like caribou and polar bears, local communities, and the climate, prioritizing industry over nature.

• Economic Impact: Supporters, like Alaska officials, argue that oil production funds over 90% of the state’s revenue, driving economic growth and job creation.

• Legal and Political Tensions: The decision aligns with Trump’s “drill, baby, drill” agenda but faces potential legal challenges, as similar moves have been contested before, and environmental groups are gearing up to fight.

Nvidia’s trillion dollar rally surges onward after earnings report

Nvidia has been on a wild ride, and its $1 trillion rally is keeping traders buzzing. It’s a big deal because Nvidia’s not just a tech giant—it’s shaping the future of AI and its value is influencing markets worldwide.

• Nvidia’s Massive Growth: Nvidia’s market cap has skyrocketed past $3.5 trillion, making it the world’s most valuable company, fueled by a 69% year-over-year revenue jump to $44.1 billion in Q1, despite an $8 billion hit from China’s export ban.

• AI Demand Surge: The company’s AI and data center chips are in high demand, accounting for $39.1 billion of its Q1 revenue, showing how critical Nvidia is to the AI revolution.

• New Chips for China: Nvidia’s rolling out B30 chips to navigate China’s market challenges, aiming to recover lost ground after export restrictions impacted sales.

• Trader Optimism: Options traders are betting big, expecting Nvidia’s stock to swing up to 7.4% post-earnings, reflecting confidence in its continued dominance.

• Market Influence: Nvidia’s performance lifts broader markets, with its Q1 earnings boosting the Nasdaq and S&P 500, though tariff uncertainties slightly dented the Dow.

• Future Potential: Analysts see Nvidia’s rally as just the beginning, with its AI innovations and new projects like humanoid robotics signaling long-term growth.

Robinhood just paid $200 Million to step up its crypto game in huge acquisition.

Robinhood just acquired Bitstamp for $200 million, signaling a bold step into the global crypto market. This is a game-changer because it shows Robinhood’s not just sticking to its roots as a stock-trading app—it’s diving headfirst into the world of digital assets, aiming to compete with the big dogs like Coinbase and Binance.

• Global Expansion: Robinhood’s acquisition of Bitstamp, a crypto exchange founded in 2011, gives it over 50 global crypto licenses, instantly boosting its presence in Europe, the UK, and Asia.

• Institutional Push: The deal brings Bitstamp’s established institutional client base, allowing Robinhood to cater to big players like banks and financial firms, not just retail traders.

• New Capabilities: Bitstamp’s infrastructure adds lending, staking, and “crypto as a service” to Robinhood’s offerings, diversifying its crypto portfolio beyond basic trading.

• Regulatory Advantage: With clearer crypto regulations emerging in places like Europe, Bitstamp’s licenses give Robinhood a smoother path to operate globally compared to the U.S.’s patchy rules.

• Keeping It Intact: For now, Robinhood plans to maintain Bitstamp’s operations and interfaces, using the exchange for smart order routing while exploring deeper integration later.

• Strategic Growth: This move, alongside Robinhood’s recent acquisition of Canadian crypto firm WonderFi, shows its ambition to become a global crypto powerhouse without starting from scratch.