US Morning News Call | Trump to Decide on Iran Strike Within Two Weeks
Before the Bell:
Trading activity resumed after U.S. markets were closed Thursday in observance of the Juneteenth holiday. Stock futures edged lower in Friday's premarket trading as escalating Middle East tensions between Iran and Israel—and the potential for direct U.S. intervention—remained focal points for investors.
Futures tied to the $E-mini S&P 500 Futures (SEP5) (ESmain.US)$ fell 0.25%. $E-mini NASDAQ 100 Futures (SEP5) (NQmain.US)$ went down by 0.25%, and $E-mini Dow Futures (SEP5) (YMmain.US)$ went down 0.22%.
Top News
GENIUS Act Approval Sparks 12% CRCL Rally
$Circle (CRCL.US)$ jumped 12% early Friday, extending its midweek rally following the U.S. Senate’s 68-30 passage of the GENIUS Act—a bipartisan bill establishing federal oversight for dollar-pegged stablecoins. The legislation mandates reserve backing with Treasuries, monthly audits, and consumer protections, potentially positioning stablecoin issuers as major Treasury holders by 2030.
Trump Delays Iran Strike Decision; Tehran Ramps Oil Exports
President Trump declared he would determine whether to attack Iran within two weeks, easing immediate geopolitical fears but extending market uncertainty. His statement follows the intensified Israel-Iran conflict, including Israeli strikes on Iranian nuclear sites. Concurrently, Bloomberg reported Iran is accelerating crude exports from its Kharg Island terminal, with storage tanks nearing capacity. This comes as Israel faces fuel-supply disruptions from drone-damaged infrastructure, potentially forcing it to become a net oil importer.
Home Depot Rivaling QXO’s Bid for GMS
$Home Depot (HD.US)$ has entered the race to acquire construction supplier $GMS Inc (GMS.US)$, according to The Wall Street Journal. This follows $QXO Inc (QXO.US)$’s Wednesday bid of 95.20 per share (5 billion). While HD’s offer terms remain undisclosed, the competition highlights GMS’s strategic value as a distributor of wallboard, ceilings, and building materials through its extensive service centers and distribution hubs. GMS shares surged 28% over two sessions.
Tesla Secures Landmark Shanghai Battery Project
$Tesla (TSLA.US)$ signed a $557 million deal for its first China grid-scale battery storage facility using Megapacks. Partnering with China Kangfu Leasing and the Shanghai government, the project marks Tesla’s strategic expansion in Asia’s renewable infrastructure sector. TSLA shares rose 1.3% premarket.
SoftBank Proposes $1 Trillion U.S. AI Hub With TSMC
SoftBank's Masayoshi Son is reportedly pitching a $1 trillion Arizona-based AI industrial complex to $Taiwan Semiconductor (TSM.US)$ and the Trump administration. Modeled after Shenzhen, the hub would focus on AI-powered robotics, positioning SoftBank for long-term growth. SoftBank recently sold its T-Mobile stake to fund $40 billion in AI investments. U.S. Tech giants like $Meta Platforms (META.US)$ and $Microsoft (MSFT.US)$ are projected to spend $320 billion on AI in 2025.
Market Events

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Cui Nyonya Kueh :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
CK 淡淡定有錢剩 : TWO WEEKS? hahaha.
Golden Horse : Two weeks until the arrival of the tariff sword.
74128907 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
103356049 : 2 weeks.... big boys have sufficient time to run...
75263190 : Regular investment is the way to go.
75313620 :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
amiable Llama_6295 : ww3.
Slay2dudes : ok
75066803 : Using the "Magic 7" of the US stock market as a model, Goldman Sachs' "China Outstanding 10" investment portfolio includes tentop private listed companies: $TENCENT (00700.HK)$, $Alibaba (BABA.US)$, $XIAOMI-W (01810.HK)$, $BYD (01211.The top private listed companies include: $TENCENT (00700.HK)$, $Alibaba (BABA.US)$, $XIAOMI-W (01810.HK)$, $BYD (01211).
View more comments...