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  • 🗽Trump’s $3.3 Trillion Bill Passes — And Inside Tesla’s Cybertruck Collapse

🗽Trump’s $3.3 Trillion Bill Passes — And Inside Tesla’s Cybertruck Collapse

Plus, Costco's EV pilot program, Nvidia makes a new all-time high, and more

Happy Monday! As fireworks lit up the skies this past weekend, Congress lit a fuse of its own as it passed a $3.3 trillion bill that could reshape the financial landscape for years to come. Read on to see how it will impact your portfolio.

Also, Tesla’s Cybertruck was supposed to be a game-changer and the company’s biggest bet yet, however, current data suggests a tough road ahead. Discover if this is a temporary detour or the unraveling of Elon’s fantasy.

Plus, if you’re looking for a cutting-edge sports technology investment that just expanded its partnership with Major League Baseball, check out today’s sponsor.

TOP STORY

white house

Just before the fireworks lit up the sky, Congress passed the $3.3 trillion piece of legislation that experts say could ignite a very different kind of pop — one in the U.S. economy and financial markets.

President Trump’s “One Big, Beautiful Bill” is rewiring key pillars of the economy, pairing deep tax relief with aggressive spending cuts and an unexpected push into retail investing.

From permanent tax cuts to increased military funding to an overhaul of Medicaid and food assistance programs, the bill is reshaping where government money flows and who benefits.

What does this all mean for your portfolio?

The sweeping changes and shifts could provide near-term gains in specific industries and sectors and losses in others. Major shifts are expected to take place and while the markets may be optimistic now, the long-term impact of this sweeping bill is anything but settled. Read on for all the details.

SPONSORED CONTENT

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The agreement gives Sportradar exclusive right to distribute MLB’s real-time data and gives the league an equity interest in Sportradar. It is expected to help MLB grow its audience globally, specifically in desired markets in Latin America and Asia.

For Sportradar, the expanded agreement – locked in for eight years – gives it an extended runway to innovate, scale and create new fan engagement opportunities globally. The partnership could be a great deal not just for Sportradar and MLB but also for baseball fans.

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MARKET RECAP

Averages & Assets
AssetClose 07/03/25Price Change
SPX
$6,279.35
+0.83%
NASDAQ
$20,601.10
+1.02%
DJI
$44,828.53
+0.77%
10-Year
0.00%
+0.06 bps
FSLR - Notable Gainer
$185.03
+8.51%
DHI - Notable Loser
$131.90
-2.74%

Last Week: U.S. indexes closed the week out on another high note thanks to a stronger-than-expected June jobs report, with the S&P 500 and Nasdaq Composite closing at record highs in a holiday-shortened session. Nonfarm payrolls rose by 147,000, topping forecasts of 110,000, while the unemployment rate unexpectedly fell to 4.1%. The report helped ease fears of an economic slowdown, though underlying data revealed a dip in labor force participation and softer private-sector hiring. Treasury yields climbed, with the 2-year up 10 basis points, as investors trimmed expectations for Fed rate cuts this year. The dollar advanced, while oil was relatively flat as traders look towards Sunday’s OPEC+ meeting to see if output will be raised or cut. For the week, the Dow led the way up 2.3%, while the S&P 500 and Nasdaq were right behind at 1.7% and 1.6%.

On Our Radar: Analysts will be paying attention to the Consumer credit report which will be out Tuesday afternoon. On the earnings front, all eyes will be on Penguin Solutions (PENG), and Kura Sushi (KRUS), which will report earnings results after market close on Tuesday.

FIVE ZINGERS

New Highs: Shares of Nvidia hit all-time highs on Thursday and became the world’s most valuable company at $3.89 trillion. Read on to see what’s fueling the big run and when analysts expect the company to hit $5 trillion.

Saucy Setup: Kraft Heinz has been stewing under pressure with shares down 20% since the election. With earnings on the burner, this beaten-down stock could be ready to “ketchup.” Discover why bulls are already sniffing out this saucy setup and why this pantry play might just spice up your portfolio.

Power Play: Costco is teaming up with ex-SpaceX engineers to bring fast, affordable EV charging to its stores, The company is starting with a pilot site in Florida and if all goes well, the move could spring nationwide expansion and supercharge EV adoption.

Console Crunch: Nintendo’s wildly popular Switch 2 is still flying off the shelves a month after its launch. Read on to see why analysts are warning that the shortage could stretch into next spring and what it means for investors and fans alike.

Whisper Watch: Benzinga's latest Stock Whisper Index reveals five under-the-radar stocks that investors are quietly watching — but not yet talking about. Tap in to discover which hidden gems could be tomorrow's big movers before the crowd catches on.

SPECIAL OFFER

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MARKET HISTORY

On This Day In 1933…

The Federal Trade Commission (FTC) began processing the first registration statements under the newly enacted Securities Act of 1933 — a landmark law passed in response to the 1929 stock market crash. This required companies to register new securities offerings with the federal government before selling them to the public, aiming to provide investors with full transparency and disclosure and prevent fraudulent practices. Prior to this legislation, securities could be sold with minimal transparency, making it difficult for investors to properly assess the value and risks of their investments.

QUOTE OF THE DAY

“The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”

— Sir John Templeton

ONE FOR THE ROAD

Elon Musk envisioned a future where the Cybertruck ruled America’s roads, capturing the imagination of thrill-seekers, tech-lovers, and pickup truck loyalists alike.

But fresh delivery data paints a very different picture. Despite initial hype and millions of early registrations, Cybertruck sales are now raising eyebrows — and not in the way investors hoped.

So far this year, delivery figures suggest Tesla may only hit 8% of its original production target for the Cybertruck, a far cry from the 250,000 units annually Musk once predicted. What’s even more concerning, is that inventory seems to be piling up, price cuts are surfacing, and whispers of weak demand are becoming harder to ignore. For a vehicle that was supposed to redefine the pickup category, the gap between ambition and reality is growing.

Is all this just a temporary speed bump, or has Tesla misread its customer base entirely?

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