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What We're Watching Today

Economic Calendar 6/1PMI Manufacturing Final 9:45 AM ET ISM Manufacturing Index 10:00 AM ET Construction Spending 10:00 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 11:30 AM ET
Fed’s Powell warns Trump’s political ‘stress test’ will wreck public trust in central bank
AI revolution is ‘50x bigger’ than the dot-com boom: SoftBank’s Masayoshi Son to CNBC
Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility
‘Disrupted or dead’: AI is crushing a generation of startups built before ChatGPT
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
$NVDA (+2.2% pre) Nvidia jumps into PCs with new Arm-based chip debuting in laptops from Microsoft, Dell, HP
$TMHC (+22.2% pre) Berkshire buys Taylor Morrison for $6.8 billion. Buffett touts Abel’s dealmaking
$YUM (+1.4% pre) Yum Brands in talks to divest Pizza Hut to LongRange Capital – report
$IBM (+10.4% pre) IBM Stock Rallies as Barclays Initiates at Buy. It’s Not About Quantum This Time.
$MGM (+12.8% pre) MGM Resorts stock surges on Diller takeover bid report
$SMMT (-1.7% pre) SMMT: Ivonescimab plus chemotherapy improved survival and showed consistent benefit in advanced squamous NSCLC
U.S. intercepted Iranian missiles targeting American forces in Kuwait, Central Command says
$REPL (+2.3% pre) Replimune Presents Final First-in-Human Data for RP2 in Advanced Solid Tumors During Oral Presentation at the 2026 American Society of Clinical Oncology Annual Meeting
$SAIC (+12.3% pre) SAIC (NASDAQ:SAIC) Reports Upbeat Q1 CY2026, Stock Soars
Earnings 6/1 aft: $HPE $HIVE $CRDO $RMCF Earnings 6/2 pre: $BWLP $CTRN $DCI $DG $GMRS $GOTU $MOMO $ODD $SIG $TIGR $VSCO $YSWY
Upgrades 6/1 : $DELL $FRT $CNO Downgrades 6/1: $EQR $CZR $CRSR $CBIO $CRDF