WEBVTT 00:00:00.000 --> 00:00:02.540 Welcome to the deep dive. We're here to give 00:00:02.540 --> 00:00:04.660 you that shortcut, you know, to being really 00:00:04.660 --> 00:00:06.759 informed without getting buried in headlines. 00:00:07.240 --> 00:00:08.779 Exactly. We've gone through a whole stack of 00:00:08.779 --> 00:00:11.140 sources, articles, notes, all that, and pulled 00:00:11.140 --> 00:00:12.720 out what you actually need to know. Think of 00:00:12.720 --> 00:00:15.060 this as your quick way to get up to speed on 00:00:15.060 --> 00:00:18.620 the big shifts. Markets, tech, politics. Music. 00:00:19.079 --> 00:00:21.460 Even the weather across the U .S. We're trying 00:00:21.460 --> 00:00:24.100 to connect the docs for you. Right. So today 00:00:24.100 --> 00:00:28.539 we'll hit Wall Street. the latest in AI. A pretty 00:00:28.539 --> 00:00:30.699 interesting political clash. Some music updates, 00:00:31.000 --> 00:00:33.000 and yeah, what Mother Nature's been up to. Okay, 00:00:33.079 --> 00:00:35.439 let's dive right in. Wall Street first. We saw 00:00:35.439 --> 00:00:38.539 some gains, generally positive. The Nasdaq actually 00:00:38.539 --> 00:00:41.200 hit another record high. Yeah, it's seventh since 00:00:41.200 --> 00:00:45.159 late June, around 20 ,640, but you know, trading 00:00:45.159 --> 00:00:47.820 was kind of light. Cautious optimism, maybe. 00:00:48.020 --> 00:00:50.119 What's driving that caution, though? Is it inflation 00:00:50.119 --> 00:00:52.659 worries? I think that's a big part of it. The 00:00:52.659 --> 00:00:55.679 June CPI report just came out. It showed a 0 00:00:55.679 --> 00:00:59.359 .3 % rise. That's quite a jump from May's 0 .1%. 00:00:59.359 --> 00:01:02.500 OK, 0 .3. So that translates to about 3 .5 % 00:01:02.500 --> 00:01:05.099 annually. Pretty much. And the word from the 00:01:05.099 --> 00:01:07.620 sources is that tariffs are really starting to, 00:01:07.620 --> 00:01:10.620 well, bite. Meaning prices are up on imported 00:01:10.620 --> 00:01:13.079 stuff. Exactly. Things like coffee, furniture, 00:01:13.560 --> 00:01:16.180 electronics, apparel. Yeah. You're seeing it 00:01:16.180 --> 00:01:18.879 there. And politically. I saw President Trump 00:01:18.879 --> 00:01:21.780 called for rate cuts saying prices are low. Right. 00:01:21.900 --> 00:01:24.159 Well, the White House suggested this somehow 00:01:24.159 --> 00:01:27.099 proves he's stabilizing inflation. It's interesting 00:01:27.099 --> 00:01:28.920 framing. But what does this actually mean for 00:01:28.920 --> 00:01:31.519 the Fed? Does this CPI number make them less 00:01:31.519 --> 00:01:33.859 likely to cut rates? Oh, definitely. Trader bets 00:01:33.859 --> 00:01:36.700 for a July cut basically vanished right after 00:01:36.700 --> 00:01:39.980 the report. It adds, you know, complexity. Got 00:01:39.980 --> 00:01:42.680 it. And speaking of tariffs impacting things. 00:01:43.270 --> 00:01:45.890 That huge Waters and Bechtin -Dickinson deal. 00:01:46.109 --> 00:01:49.450 Yeah, $17 .5 billion stock and cash. And Bechtin 00:01:49.450 --> 00:01:50.909 -Dickinson was struggling with that unit because 00:01:50.909 --> 00:01:52.989 of tariffs, wasn't it? That's the report, yeah. 00:01:53.209 --> 00:01:55.450 Waters thinks this deal doubles their potential 00:01:55.450 --> 00:01:58.510 market in clinical labs to like $40 billion? 00:01:58.989 --> 00:02:01.390 Massive! But the market reaction was mixed. Well, 00:02:01.489 --> 00:02:04.469 Bechtin's stock went up, but Waters dropped pretty 00:02:04.469 --> 00:02:07.209 significantly, like 14%. Worries about debt and 00:02:07.209 --> 00:02:10.150 complexity, I think. Okay, let's shift to tech. 00:02:10.629 --> 00:02:13.530 NVIDIA. big news there. Mm -hmm. They're set 00:02:13.530 --> 00:02:16.610 to resume selling those advanced AI chips to 00:02:16.610 --> 00:02:20.610 China. The H -20 GPU, for example. After the 00:02:20.610 --> 00:02:22.990 U .S. had banned them previously, why the change? 00:02:23.129 --> 00:02:25.710 It seems like it's part of bigger trade talks, 00:02:25.770 --> 00:02:28.469 maybe involving rare earth minerals. AMD is apparently 00:02:28.469 --> 00:02:30.389 going to resume shipments, too. Interesting. 00:02:30.849 --> 00:02:33.409 But are people happy about this? Lawmakers? Well, 00:02:33.430 --> 00:02:36.259 some are definitely concerned, calling it dangerously 00:02:36.259 --> 00:02:39.199 inconsistent with the previous tough stance. 00:02:39.500 --> 00:02:41.780 It's that classic tension trade versus security. 00:02:41.860 --> 00:02:44.819 And still on AI, that energy and AI summit in 00:02:44.819 --> 00:02:47.020 Pittsburgh. Huge investment numbers being thrown 00:02:47.020 --> 00:02:49.180 around. Yeah, something like $90 billion announced 00:02:49.180 --> 00:02:52.699 just for Pennsylvania. Wow. From who? Pig names. 00:02:53.080 --> 00:02:55.479 Google's putting $3 billion into hydropower for 00:02:55.479 --> 00:02:58.539 data centers. CoreWeave's building a $6 billion 00:02:58.539 --> 00:03:01.300 AI data center. Blackstone's committing $25 billion. 00:03:01.539 --> 00:03:03.479 It really feels like an AI arms race, doesn't 00:03:03.479 --> 00:03:05.780 it? Totally. But not just software. It's the 00:03:05.780 --> 00:03:08.280 infrastructure, the power. These AI data centers 00:03:08.280 --> 00:03:10.659 use a ton of electricity. Right. Stressing the 00:03:10.659 --> 00:03:13.199 grid. Absolutely. So these investments are fundamental. 00:03:13.469 --> 00:03:16.310 OK. And quick on crypto, that big regulation 00:03:16.310 --> 00:03:18.770 bill. Yeah, it failed a procedural vote in the 00:03:18.770 --> 00:03:21.349 Senate. So crypto week kind of stalled out. OK, 00:03:21.449 --> 00:03:23.830 move into politics. This is, well, it's about 00:03:23.830 --> 00:03:26.409 the Jeffrey Epstein files. Right. The Trump Justice 00:03:26.409 --> 00:03:30.110 Department under AG Pam Bondi did a systematic 00:03:30.110 --> 00:03:33.289 review. And their finding? Essentially, nothing 00:03:33.289 --> 00:03:36.530 to see here. No incriminating client list found. 00:03:36.889 --> 00:03:39.430 Reaffirm the suicide ruling. How did that go 00:03:39.430 --> 00:03:42.009 down, particularly with Trump supporters? Not 00:03:42.009 --> 00:03:45.090 well in some circles. It sparked what some reports 00:03:45.090 --> 00:03:47.689 called an open revolt. People felt betrayed. 00:03:48.050 --> 00:03:50.349 Any specific reactions? Yeah. Figures like Benny 00:03:50.349 --> 00:03:52.689 Johnson called it the worst response from Trump. 00:03:53.210 --> 00:03:55.310 Michael Flynn said the affair isn't going away. 00:03:55.750 --> 00:03:58.110 Matt Walsh basically said, we don't accept obvious 00:03:58.110 --> 00:04:00.229 bullshit, strong stuff. What was Trump's own 00:04:00.229 --> 00:04:02.740 response to the backlash? He called the files 00:04:02.740 --> 00:04:05.500 a hoax made up by, you know, Obama, Hillary, 00:04:05.759 --> 00:04:09.419 Comey, Biden folks, and punted the decision on 00:04:09.419 --> 00:04:12.520 releasing anything more to AG Bondi. And what 00:04:12.520 --> 00:04:14.580 about Congress? Did they try to force the release? 00:04:14.800 --> 00:04:17.379 Democrats tried. They put forward a measure to 00:04:17.379 --> 00:04:19.759 publish all the files online. House Republicans 00:04:19.759 --> 00:04:22.720 blocked it. 2 -11, 2 -10, write down party lines. 00:04:22.980 --> 00:04:25.540 Even though some Republicans, like Speaker Johnson, 00:04:25.920 --> 00:04:28.019 has said they should release everything. Exactly. 00:04:28.160 --> 00:04:30.100 Shows a real split, or maybe just complicated 00:04:30.100 --> 00:04:32.259 internal politics there. Okay, let's switch gears 00:04:32.259 --> 00:04:36.120 completely. Music. What's happening? Well, some 00:04:36.120 --> 00:04:38.720 drama for Beyoncé. Unreleased music and tour 00:04:38.720 --> 00:04:40.939 plans were stolen from her choreographer's car. 00:04:41.480 --> 00:04:45.339 Laptops, hard drives. Gone. Oh wow. Any leaks 00:04:45.339 --> 00:04:48.120 yet? Not that we've seen, thankfully. She's apparently 00:04:48.120 --> 00:04:50.800 beefed up security. Understandable. What about 00:04:50.800 --> 00:04:53.519 the charts? Drake dropped a surprise single. 00:04:53.680 --> 00:04:56.300 What did I miss? Debuted at number two? Who's 00:04:56.300 --> 00:04:59.269 number one? Alex Warren's Ordinary is still there, 00:04:59.529 --> 00:05:02.910 sixth week. And Morgan Wallen, still huge, two 00:05:02.910 --> 00:05:05.110 songs in the top five. Anyone else making waves? 00:05:05.430 --> 00:05:08.170 Keisha, her new independent album, just titled 00:05:08.170 --> 00:05:10.709 Pronounced Period. OK. It debuted at number one 00:05:10.709 --> 00:05:13.529 on several Billboard charts. Album sales, final, 00:05:13.850 --> 00:05:16.529 Dance Electronic, a really big moment for her 00:05:16.529 --> 00:05:18.250 artistically and commercially. That's great for 00:05:18.250 --> 00:05:20.430 her. What else? Blackpink released their first 00:05:20.430 --> 00:05:23.699 single of 2025 called Jump. kicking off a tour. 00:05:24.160 --> 00:05:26.660 And the Zac Brown band announced a new album, 00:05:26.939 --> 00:05:29.040 Love and Fear, with some cool collaborations. 00:05:29.319 --> 00:05:32.800 Like who? Dolly Parton, Snoop Dogg, Marcus King. 00:05:33.220 --> 00:05:34.899 Plus they're doing a residency at the Sphere. 00:05:35.160 --> 00:05:38.060 Wow. Busy times. And you have one more wild card 00:05:38.060 --> 00:05:41.560 music story. Oh yeah. A jazz musician in NYC 00:05:41.560 --> 00:05:44.199 apparently scared off a stalker by screaming 00:05:44.199 --> 00:05:46.870 death metal vocals at them. You're kidding. From 00:05:46.870 --> 00:05:49.509 what band? Kitty! You really can't make this 00:05:49.509 --> 00:05:51.790 stuff up. Yeah. Okay, finally, let's check the 00:05:51.790 --> 00:05:54.410 weather. What's the main story? Heat. Pretty 00:05:54.410 --> 00:05:56.170 much coast to coast above normal temperatures. 00:05:56.410 --> 00:05:58.410 Give us some examples. Okay, New York City's 00:05:58.410 --> 00:06:00.850 looking at a heat wave. Feels like over 100 degrees 00:06:00.850 --> 00:06:03.639 Fahrenheit. Florida's got heat alerts, feels 00:06:03.639 --> 00:06:07.420 like 105 to 110. Oof. California. Inland areas 00:06:07.420 --> 00:06:10.019 are roasting 100 to 110. Even got a statement 00:06:10.019 --> 00:06:12.959 from Governor Newsom about it. Phoenix hit 107 00:06:12.959 --> 00:06:15.019 actually. And it's not just heat, right? Storms 00:06:15.019 --> 00:06:17.079 too. Yeah, definitely. There's a potential tropical 00:06:17.079 --> 00:06:20.540 system in Vest 93L brewing in the Atlantic. Where 00:06:20.540 --> 00:06:23.420 is it headed? Towards the Gulf. Expected to bring 00:06:23.420 --> 00:06:26.610 heavy rain. may be flooding from Louisiana across 00:06:26.610 --> 00:06:29.209 to the Florida panhandle. Flood watches are up. 00:06:29.430 --> 00:06:32.149 Anywhere else. Severe storms hit the upper Midwest. 00:06:32.670 --> 00:06:36.129 Hail, flash floods, even a few tornado warnings 00:06:36.129 --> 00:06:39.290 up in North Dakota. And the Southwest monsoon 00:06:39.290 --> 00:06:42.230 is starting. So Arizona gets storms. Scattered 00:06:42.230 --> 00:06:44.610 storms, yeah. With the usual risks there. Dust 00:06:44.610 --> 00:06:47.970 storms, haboobs, flash floods. OK, so wrapping 00:06:47.970 --> 00:06:51.360 this all up, quite a week. NASDAQ record, that 00:06:51.360 --> 00:06:54.660 CPI jump. The huge AI investment number, nearly 00:06:54.660 --> 00:06:58.459 90 billion. And then just oppressive heat, feeling 00:06:58.459 --> 00:07:01.300 like 110 in places. It really shows how everything's 00:07:01.300 --> 00:07:03.300 kind of tangled together, doesn't it? Trade deals 00:07:03.300 --> 00:07:05.839 affect ships. Tariffs affect mergers. Stolen 00:07:05.839 --> 00:07:08.240 music makes news. It's all connected, even when 00:07:08.240 --> 00:07:10.540 the stories seem totally separate. So the final 00:07:10.540 --> 00:07:13.939 thought for you is, in this world just flooded 00:07:13.939 --> 00:07:16.459 with information moving so fast, what does it 00:07:16.459 --> 00:07:18.620 actually mean to be well -informed? Yeah, especially 00:07:18.620 --> 00:07:20.920 when you see these deep, sometimes hidden connections 00:07:20.920 --> 00:07:23.480 between everything. Something to chew on. We'll 00:07:23.480 --> 00:07:25.379 leave you with that. Thanks for joining us on 00:07:25.379 --> 00:07:25.980 the Deep Dive.