good morning. Have you ever let the paintball gun go in your car? No? You must not have the Seibock style at that time. BI talks with 10 Cyberrac owners The feeling of driving the world’s most controversial vehicle.
In today’s big story, we’re studying when a stock market sell-off can Force President Donald Trump to give up the trade war.
What is on the deck
market: Ross Gerber predicts Tesla’s stock crash. Now he’s doubling.
technology: After 10 weeks of full Amazon RTO, some employees feel energetic. Others resigned.
Business: State and local governments across the United States are seeking adoption Their own truth.
But first, when is it enough?
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Getty Images; Jenny Chang-Rodriguez/bi
When will the loss become too steep and ignore? Probably soon.
Trump’s firm pursuit of the protectionist agenda comes at a cost: The S&P 500 officially entered a correction on Thursday, down 10% from its February peak.
So far, Trump’s team has shown that they are Willing tolerate the pain of the stock market – But at some point, this pain can become unbearable.
Marko Papic, chief strategist at BCA Research, believes Trump Maybe not far from his breakthrough point. He said the S&P 500 fell 15% to 20%, which could force the president to start shrinking from his trade war.
Meanwhile, economist Desmond Lachman said the problem isn’t a big deal, but more about the speed of the sell-off and the serious speed: “What happened in the past few weeks, if that speed continues, he will have to get into trouble.”
Just like William Edwards of Bi Weigh their willingness to open their wallet.
Investors can blame the trade war.
The latest development is on Thursday Trump threatened a 200% tariff on wine and other alcohol products from the EU – Retaliation measures against the EU New tariffs, $28.4 billion worth of U.S. goods These include a typical American drink: whiskey.
Businesses from wine shops to restaurants are now on the rocks. A couple running a restaurant in Italy – Croatia Tell bi they were shocked: “How does Italian restaurants get out of European wine?”
Emma McIntyre/Getty Images; apu homes/getty images; Chelsea Jafon/bi
1. Early Tesla investors turned into bear doubles. In late February, Ross Gerber predicted Tesla shares would fall 50% this year. Since then, the stock has gone bankrupt. BI follow up, then Gerber believes the rebound is not there.
2. The S&P 500 index has officially been corrected, and all signs point to the trade war. The general view is that President Trump’s tariffs have sparked confidence in investors and triggered a recession alarm. The S&P 500 ends on Thursday after announcing 200% tariffs on EU alcohol 10% lower than last month’s peak.
3. But Morgan GM believes the worst situation is over. The bank believes that a corner of the hedge fund industry, rather than the fear of recession – may be attributed to the market’s recent weakness. Now, the equity fund has lowered its position It may be overit said in a recent note.
4×6/Getty, Ava Horton/bi
1. Check it out on Amazon’s RTO launch. The tech giant has set up a five-day return mission for 10 weeks. 11 employees told us about their condition – Including two quit.
2. Is apple biting more than chewing? The tech giant won’t tend to over-promote and under-enough, but some onlookers are noticing the shift. Apple laughed at some gleaming AI features in June, but they didn’t implement them. Peter Kafka of Bi collapses Apple’s Chase Game.
3. Meta tries to keep the former executive silent. She told BI why. Sarah Wynn-Williams makes headlines this week when she releases explosive memoirs Details of her time in Yuan. Before the arbitrator ruled Meta’s support, Bi sat down with the author of “The Careless Man” and forbid Wynn-Williams from promoting it.
Klawe rzeczy for Bi
1. There are puppies everywhere. Republican and liberal leaders in at least 18 states are replicating Elon Musk’s slash script. They even adopted weird names. (Hello, Goats and floating. Looking for welfare fraud.
2. Would you rather: pip or sever? That’s the choice Some Tiktok employees face after getting low performance evaluation scores. The three current employees told BI they believe it is rare to accept performance improvement programs about severance because survival is a challenge.
3. You may be paying for Big Tech’s electricity bill. Harvard researchers found that companies that build data centers are struggling with utilities for secret electricity deals and potentially boost the average bills for Americans. But it’s hard to know The contract is hidden From the public.
The latest new funding agreement deadline is to avoid U.S. government closures.
Mark Carney vowed to be Prime Minister of Canada.
A lunar eclipse visible in North America begins at about 2:26 am ET.
“Insiders Today” team: Dan Defrancesco, associate editor and anchor, in New York (parent leave). Grace Lett, editor of Chicago. London Associate Editor Ella Hopkins. Hallam Bullock, Senior Editor, is located in London. Amanda Yen, associate editor in New York. Elizabeth Casolo, Chicago Fellow. Lisa Ryan, executive editor of New York.
