German job market is deteriorating:
The number of unemployed people in Germany hit 2.96 MILLION in May, the highest in at least 10 YEARS. This is even higher than at the 2020 CRISIS peak. The unemployment rate sits at 6.3%, the second-highest in 10 years. Source: Global Markets Investor
$NVDA Q1 2026
"AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate." - Jensen Huang Revenue +69% *Data Center +73% *Gaming +42% *Professional Vis. +19% *Automotive +72% EBIT +28% *marg. 49% (65) EPS +27% Source: Quartr
Chip companies are eventually going to be banned entirely from working with China in the next 3.5 years.
Source: Spencer Hakimian, FT
Nvidia $NVDA stock is up almost 4% in after hours after beating EPS and Revenue expectations
Source: Barchart
NVIDIA $NVDA CEO JENSEN HAUNG JUST SHARES HIS THOUGHTS ON US EXPORT CONTROLS FOR AI:
"The question is not whether China will have AI. It already does. The question is whether one of the world's largest AI markets will run on American platforms. Shielding Chinese chipmakers from US competition only strengthens them abroad. Weakens America's position. Export restrictions have spurred China's innovation and scale. The AI race is not just about chips. It's about which stack the world runs on." "The US has based its policy on the assumption that China cannot make AI chips. That assumption was always questionable, and now it's clearly WRONG. China, has enormous manufacturing capability. In the end, the platform that wins the AI developers wins AI. Export controls should strengthen US platforms not drive half of the world's AI talent to rivals" Source: Evan on X
LIBERATION DAY TARIFFS - GONE.
Any “national emergency” blanket tariffs - GONE. Dow futures are up 500 points 🚀 President Donald Trump’s global tariffs were deemed illegal and blocked by the US trade court, dealing a major blow to a pillar of the Republican’s economic agenda. 👉 A federal trade court struck down President Donald Trump’s worldwide reciprocal tariffs and ordered the administration to stop collecting them. 👉 A three-judge panel on the Court of International Trade said Trump exceeded “any authority granted” by the International Emergency Economic Powers Act in imposing the import levies. 👉 In halting tariffs Trump ordered on Canada, Mexico, and China to combat drug trafficking, the judges said they “fail because they do not deal with the threats set forth in those orders.” 👉 The government immediately appealed the ruling to the U.S. Court of Appeals for the Federal Circuit.
Elon Musk is formally stepping down from his role in the Trump administration after just five months
ending a tumultuous period during which he oversaw cost-cutting by the so-called Department of Government Efficiency (source: FT) 👉 It's no coincidence that he's leaving DOGE as of the end of May. After 130 days at the DOGE, the billionaire would have had to go before Congress to publish his accounts and fulfill his obligations of control and transparency...
The Big Beautiful Bill ???
Source: Spencer Hakimian
