US Morning News Call | U.S. Futures Mixed as Markets Await Nonfarm Payrolls Report

Key Takeaways:

• Meta Platforms Develops Cloud Infrastructure Business to Compete with Amazon and Google

• Fed Chair Warsh Says Inflation Risks Have Eased at ECB Forum

• Michael Burry Increases Short Positions Against AI and Technology Stocks

• SpaceX Develops Prototype AI Device for Human Interaction

🔔Before the Bell

U.S. equity futures traded in a mixed fashion on Thursday, with market participants in a holding pattern ahead of the highly anticipated jobs report. The release was moved up by one day due to the upcoming Independence Day holiday on July 4.

$E-mini Dow Futures (DEC6) (YMmain.US)$ climbed +0.07%.

$E-mini NASDAQ 100 Futures (DEC6) (NQmain.US)$ fell -0.54%.

$E-mini S&P 500 Futures (DEC6) (ESmain.US)$ fell -0.13%.

Meta Platforms Develops Cloud Infrastructure Business to Compete with Amazon and Google

$Meta Platforms (META.US)$ is planning to launch a cloud computing business to compete directly with Amazon and Google. The move represents Meta's expansion beyond social media into cloud infrastructure services, potentially creating fresh competition in the established cloud market.

Fed Chair Warsh Says Inflation Risks Have Eased at ECB Forum

Federal Reserve Chair Kevin Warsh stated at a European Central Bank forum that inflation risks have eased. Warsh reaffirmed the Fed's commitment to 2% inflation target and suggested the central bank may continue policy pause after keeping rates steady for fourth consecutive meeting.

Michael Burry Increases Short Positions Against AI and Technology Stocks

Michael Burry has significantly expanded his short positions targeting AI and technology stocks. The investor known for predicting the 2008 financial crisis has increased his bearish bets against the artificial intelligence sector, citing concerns about current market conditions.

SpaceX Develops Prototype AI Device for Human Interaction

$SpaceX (SPCX.US)$ has developed a prototype handset-like device designed to reshape human-AI interaction, featuring a sleek design slimmer than an iPhone. The device runs on proprietary operating system, integrates xAI technology, and uses Qualcomm Snapdragon chipset. SpaceX showed the early-stage prototype to investors ahead of its planned IPO.

ARK Invest Accumulates Circle Shares While Trimming Alibaba Holdings on July 1

Cathie Wood's ARK Invest added 287,609 shares of Circle on July 1, 2026, while trimming Alibaba positions. The moves reflect Wood's strategic focus on crypto infrastructure and biotech sectors amid market adjustments.

🪙Crypto News

$Bitcoin (BTC.CC)$ climbed +1.05% to 61114; $Ethereum (ETH.CC)$ climbed +1.38% to 1644.06.

Robinhood Launches Public Blockchain Amid Broader Crypto Ambitions

$Robinhood (HOOD.US)$ has launched its public mainnet for Robinhood Chain, a layer-2 blockchain built on Arbitrum (ARB) focused on tokenized real-world assets and DeFi applications. The move signals the company's push into onchain financial infrastructure beyond traditional brokerage services.

📆Market Events

Key Economic Events

08:30 Nonfarm Payrolls (Jun)

08:30 Unemployment Rate (Jun)

08:30 Average Hourly Earnings (MoM) (Jun)

08:30 Initial Jobless Claims

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