Breakfast | July 3, 2026

The Dow Jones Industrial Average hit a record high, chip stocks suffered another severe setback, the Philadelphia Semiconductor Index cumulatively fell 12% over two days, the Nasdaq-100 dropped 2% intraday, and gold surged. U.S. non-farm payrolls increased by 57,000 in June, only half of the market expectation, with the previous value significantly revised downward, and the unemployment rate unexpectedly fell to its lowest level in a year. ECB President: The June interest rate hike was the correct decision, as supply shocks continue to spread. Reports indicate that Anthropic has launched an in-house AI chip project and is in discussions with Samsung Electronics regarding potential manufacturing collaborations using its 2nm process and advanced packaging technology, triggering a sharp decline in U.S. semiconductor stocks, with the Philadelphia Semiconductor Index plunging 12% over two days. Reports state that Zuckerberg indicated Meta's AI agent development fell short of expectations, leading to a 5% drop in Meta's closing price. Tesla's Q2 deliveries significantly exceeded expectations, marking its strongest performance in history, yet its stock price plunged 8% intraday, recording its largest single-day drop in a year. "The Big Short" Michael Burry: Took a short position on Micron Tech at $1,051.87 on Wednesday. OpenAI Proposal: Gift 5% of its shares to the U.S. government.