LVMH:
🔸 Expects no sales impact on Loro Piana from Italy probe.
🔸 CFO says 15% US tariff deal would be a “good outcome.”
🔸 Q2 US sales flat (vs est. -3.2%).
🔸 Q2 Wines & Spirits -4% (better than est. -7%).
🔸 Q2 Fashion & Leather -9% (worse than est. -7.8%).
🔸 H1 operating income €9.01B (above est. €8.82B).
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AMERICAN WRESTLER HULK HOGAN AS DIED AT AGE 71: TMZ
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ECB OFFICIALS SAY THOSE SEEKING ANOTHER RATE CUT FACE A BATTLE
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BLACKROCK’S ETHA ETHEREUM FUND BECOMES THIRD-EVER ETF TO HIT $10 BILLION IN ASSETS WITHIN ONE YEAR - THE BLOCK
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MICHAEL SAYLOR'S STRATEGY PLANS TO RAISE $2B FOR BITCOIN PURCHASES, UPSIZING FROM $500M
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FED UNCERTAINTY WEIGHS ON DOLLAR: BOFA
Doubts over the Fed’s future leadership are holding back the dollar, says BofA’s Alex Cohen. Markets are starting to price in a less restrictive Fed, especially as Trump pressures Powell to cut rates. The WSJ Dollar Index has given up earlier gains and is now flat.
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CHINA JULY RETAIL CAR SALES ESTIMATED TO RISE 7.6% Y/Y: PCA
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US JUN NEW HOME SALES +0.6% TO 627K; CONSENSUS 645.0K
US MAY NEW HOME SALES REVISED TO 623K FROM 623.0K
US JUN NEW HOME SALES SUPPLY AT 9.8 MONTHS
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TRUMP DENIES THAT HE WANTS TO 'DESTROY ELON'S COMPANIES
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LUTNICK: IF DEAL FOR U.S. TO CONTROL TIKTOK DOES NOT GET APPROVED BY CHINA, THEN TIKTOK WILL GO DARK IN US
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$TSLA - TESLA SHARES FALL 7.5% AS CEO ELON MUSK WARNS OF 'FEW ROUGH QUARTERS' AHEAD
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LUTNICK: SOUTH KOREANS VERY MUCH WANT TO MAKE A DEAL
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LUTNICK: EU REALLY WANTS TO MAKE A DEAL
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$TSLA - TESLA EARNINGS: MIXED WALL STREET REACTIONS
Tesla’s Q2 results showed long-term AI promise but near-term risks, prompting varied analyst views.
🔸 BofA: Results were slightly better than expected (EPS $0.40 vs $0.35 est.) on strong energy and auto margins but warned of rough quarters ahead as EV incentives end and tariffs rise. Neutral rating.
🔸 Morgan Stanley: Tesla is pushing toward autonomy while facing slower volumes and higher costs.
🔸 Barclays: Cautious, citing a widening gap between Tesla’s AI narrative and fundamentals with potential deterioration ahead. Maintains Equal Weight, $275 target.
🔸 Stifel: Neutral, noting positive robotaxi and FSD rollout plans but weak demand sentiment and delays in new models.
🔸 Piper Sandler: Bullish, calling it a good quarter and focusing on Tesla’s long-term FSD potential over short-term issues.
Overall, analysts agree Tesla’s AI goals remain central but expect near-term turbulence before autonomy ambitions fully materialize.
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US JOBLESS CLAIMS -4K TO 217K IN JUL-19 WK; SURVEY 227K
US JUL-12 WEEK CONTINUING CLAIMS +4K TO 1,955,000
US JUL-12 WEEK JOBLESS CLAIMS UNREVISED AT 221K
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LVMH'S BERNARD ARNAULT HAS SPENT RECENT WEEKS MEETING WITH GERMANY'S MERZ AND ITALY'S MELONI PRESSING THEM TO AGREE TO AN EU TRADE DEAL WITH US - WSJ
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🚨 HOUSE PANEL LAUNCHING PROBE OF FED RENOVATIONS: PUNCHBOWL
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ECB OFFICIALS' BASELINE FOR SEPTEMBER IS ANOTHER HOLD IN RATES
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MICROSTRATEGY WILL RAISE $2B FOR BITCOIN, UP FROM $500M
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FED IS WORKING WITH THE WHITE HOUSE TO ACCOMMODATE THEIR VISIT: FED SPOKESPERSON
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SHEINBAUM 'CONFIDENT' MEXICO CAN REACH TARIFF AGREEMENT WITH US
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*US JUNE NEW HOME SALES RISE 0.6% M/M; EST. 4.3%
*US JUNE NEW HOME SALES AT 0.627M; EST. 0.650M
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U.S. S&P GLOBAL JULY FLASH MANUFACTURING PMI AT 49.5 (VS 52.9 IN JUNE)
U.S. S&P GLOBAL JULY FLASH COMPOSITE PMI AT 54.6 (VS 52.9 IN JUNE)
U.S. S&P GLOBAL JULY FLASH SERVICES PMI AT 55.2 (VS 52.9 IN JUNE)
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$TSLA - TRUMP: I WANT ELON, AND ALL BUSINESSES WITHIN OUR COUNTRY, TO THRIVE
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$GOOGL - ALPHABET SHARES UP 3.8% AFTER CO BEATS Q2 ESTIMATES, BOOSTS CAPITAL SPENDING PLANS
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LUTNICK: TIKTOK HAS TO COME OUT OF CHINESE CONTROL
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LUTNICK: EU ATTACKS OUR GREAT TECH COMPANIES EVERY DAY
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*LAGARDE: YOU COULD ARGUE THAT WE ARE ON HOLD
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ECB'S LAGARDE: WE DON'T TARGET EXCHANGE RATE, WE MONITOR
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US TREASURY YIELDS TICK HIGHER AFTER JOBLESS CLAIMS DATA
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