Trump on ICE, Iran, China, and Fed Policy; Tech Market Selloff Continues

Trump's Interview with NBC News

• 🎙️ President Donald Trump discussed the situation in Minneapolis with NBC News, stating that immigration enforcement there needs a softer touch.
• 🚨 He personally decided to pull 700 agents from Minnesota, though approximately 2000 federal agents remain in the Twin Cities area.
• ⚠️ A Quinnipiac University poll indicates that 63% of voters disapprove of ICE's immigration law enforcement, while 77% of Republicans approve.

Geopolitical Stances and Economic Policy

• 🌍 In a message to Iran's supreme leader ahead of indirect talks, Trump stated, "He should be very worried."
• 📞 Trump also spoke about his hour-long call with Chinese President Xi Jinping, emphasizing the importance of a good relationship between the two leaders.
• 🏦 Regarding the Federal Reserve, Trump suggested that former Fed Governor Kevin Warsh would not have been appointed if he had indicated a desire to raise interest rates.

Missing Person and Market Volatility

• 😥 Savannah Guthrie publicly appealed to the kidnapper of her 84-year-old mother, Nancy, requesting proof of life.
• 📉 Nasdaq futures showed an increase after the index erased its year-to-date gains, as traders assessed the impact of artificial intelligence and high valuations.
• 💰 Alphabet announced plans for significantly higher capital spending on AI, potentially reaching $185 billion this year.
• 📉 Shares of Qualcomm and ARM experienced significant drops due to a projected shortage of memory chips impacting growth.
• 📊 Amazon is expected to report steady 21% revenue growth in its AWS cloud computing division, alongside heavy spending on AI and ads.

Precious Metals Market

• 🥈 Silver prices plummeted as much as 17% after a record-breaking rally, retreating over a third from its all-time high.
• 🥇 Gold has fallen below $1900 an ounce, following a rally last month that was supported by speculative momentum, geopolitical upheaval, and concerns about the Fed's independence.