🪔 What to Expect This Week

Together with Percent 

Good morning investors! We had a variety of news coming in over the weekend, including the worsening situation in LA, but investors seem to be more focused on business news.

Today we cover:

• What to expect this week

• Apple’s big event

• The new tax bill

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This week, we’d be covering Tesla so make sure you don’t miss out.

📊 Economy and News 

What to expect this week

Here’s what to keep an eye on this week:

Monday, June 9

• Apple’s WWDC begins with CEO Tim Cook’s keynote, unveiling new products and services.

• Wholesale inventories (April) released.

• Earnings: Casey’s General Stores (CASY).

Tuesday, June 10

• NFIB Small Business Optimism Index (May).

• Earnings: GameStop (GME) reports, with focus on its $500M bitcoin investment; J.M. Smucker (SJM), Core & Main (CNM), GitLab (GTLB), Academy Sports & Outdoors (ASO).

Wednesday, June 11

• Consumer Price Index (May) release, a key inflation indicator ahead of the Federal Reserve’s June 17 meeting.

• Earnings: Oracle (ORCL) highlights AI infrastructure ventures; Chewy (CHWY), SailPoint (SAIL), Cognyte Software (CGNT).

• U.S. federal budget (May).

Thursday, June 12

• Producer Price Index (May) and initial jobless claims (week ending June 7).

• Tesla’s robotaxi launch expected.

• Earnings: Adobe (ADBE) reports, emphasizing AI-enhanced software sales.

Friday, June 13

• Preliminary consumer sentiment (June), reflecting tariff concerns after four months of declines.

Global hits:

• Trump announces U.S.-China trade talks in London this week.

• UBS expects global growth to slow in the second half.

• Trump ‘not interested’ in call with Musk, White House official says as Musk deletes some posts.

Just in: China consumer prices slump again, deepening deflation worries as demand stays weak. Also, Russian Rubble is 2025’s best performing currency.

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📈 Stocks

S&P 500 6,000.36 (+1.03%)
DJIA 42,762.87 (+1.05%)
NASDAQ 19,529.95 (+1.20%)
BRENT CRUDE 66.46 (-0.01%)
* Prices as of Jun 9th, 12:20 AM UTC

Can Apple’s AI Push at WWDC 2025 Reignite Investor Confidence?

Apple’s Worldwide Developers Conference (WWDC) today is set to address a critical question for investors: Can Apple reclaim its edge in artificial intelligence?

After a lackluster debut of Apple Intelligence last year, marked by delays and features that trailed rivals like Google and OpenAI, the company faces pressure to deliver.

WWDC will showcase software updates for iPhones and other devices, with a focus on enhancing AI capabilities.

While Apple’s control over its hardware and software ecosystem offers a unique advantage, its AI tools must stand out to drive iPhone upgrades and maintain market dominance.

Analysts like Dan Ives of Wedbush Securities remain optimistic, projecting significant monetization potential for Apple Intelligence, with 25% of the global population potentially accessing AI via Apple devices in coming years.

For investors, WWDC could signal whether Apple can capitalize on its ecosystem and close the AI gap, making it a pivotal moment for the stock. However, if it fails to impress critics and investors, then the stock might see more pressure. This is an important event because the last few announcements from the big company didn’t strike the right chord with investors.

💵 Personal Finance

Section 899 Tax Proposal Raises Concerns for Foreign Investors

The Senate is reviewing a House-approved bill with Section 899, a provision allowing a new U.S. tax of up to 20% on foreign entities with U.S. investments if their home countries impose “unfair foreign taxes” on U.S. companies.

This could affect multinational companies, hedge funds, and private equity, with potential withholding taxes as high as 50%. The Investment Company Institute warns it may deter foreign investment.

The provision, which could raise $116 billion over a decade, also expands the base erosion and anti-abuse tax (BEAT) targeting profit-shifting abroad. While it has strong support from House Republicans, its final form awaits Senate approval, and experts are still assessing its impact.

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👩🏽‍⚖️ Legal Stuff
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