Trump–Musk feud hits Tesla, retail warns and mortgage rates eases

???? Tesla Drops 14% as Trump–Musk Feud Escalates
• A social-media clash over the “One Big Beautiful Bill” led Elon Musk to call for Trump’s impeachment, sending Tesla shares down 14 percent—wiping out $150 billion in market value. Political friction at the head of a mega-cap tech stock can trigger volatility across tech-heavy indices.
https://www.reuters.com/business/autos-transportation/tesla-shares-slide-musk-steps-up-criticism-ally-trump-2025-06-05/

???? Lululemon Cuts 2025 Outlook; Shares Plunge 22 Percent
• Despite a strong Q1 (EPS $2.60 vs. $2.58 consensus; revenues $2.37 billion +7 percent YoY), Lululemon reduced full-year guidance due to higher inventory and a paused 46%Vietnam import tariff, causing its stock to plunge 21%.
https://www.reuters.com/business/retail-consumer/lululemon-shares-tumble-yogawear-firm-warns-tariffs-will-crimp-profit-2025-06-06/

???? Mortgage Rates Dip, Opening a Window for Buyers
The 30-year fixed mortgage rate fell to 6.85 %—the first decline in five weeks—per Freddie Mac, while US housing inventory rose 31.5% YoY in May, particularly across the South and West.
https://www.marketwatch.com/story/mortgage-rates-fall-for-first-time-in-5-weeks-opening-a-window-of-opportunity-for-home-buyers-2025-06-05


S​​tay informed with PortfolioPilot.com, your personal AI financial advisor.
#economy #tesla #elonmusk #trump #tariffs #newsupdates #news #todaysnews #usa #mortgage #mortgagerates

Disclosure: Global Predictions provides investment advice only through its internet-based application, PortfolioPilot, and only to individuals who are advisory clients of Global Predictions pursuant to written advisory Client Agreements ("Advisory Services"). The publicly available portions of the Platform (i.e., the sections of the Platform that are available to individuals who are not party to a Client Agreement—including globalpredictions.com and portions of portfoliopilot.com) are provided for educational purposes only and are not intended to provide legal, tax, or financial planning advice. To the extent that any of the content published on publicly available portions of the Platform may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Nothing on the publicly available portions of the Platform should be construed as a solicitation or offer, or recommendation, to buy or sell any security. All charts, figures, and graphs on the publicly available websites are for illustrative purposes only. Before investing, you should consider whether any investment, investment strategy, security, other asset, or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. You are also encouraged to consult your legal, tax, or investment professional regarding your specific situation. Registration does not imply a certain level of skill or training. Investing involves risk. The value of your investment will fluctuate, and you may gain or lose money. The content presented in this communication includes stories and testimonials that have not been verified for truth or accuracy by Global Predictions. To maintain the privacy and anonymity of contributors, author names have been removed from each submission. Please note that Global Predictions does not endorse, sponsor, or necessarily agree with the views and opinions expressed in these submissions. The inclusion of these stories does not constitute a guarantee or promise of future performance or investment results. This communication is for informational purposes only and should not be construed as an endorsement or recommendation of any specific investment strategy, product, or service.