Walter Bloomberg

$TSLA$TSLA $TSLA - TESLA Q2 DELIVERIES BEAT EXPECTATIONSTesla delivered 480,126 vehicles in the second quarter, well above analyst estimates of 406,024.The company produced 451,758 vehicles, with the Model 3 and Model Y accounting for nearly all deliveries. Tesla also deployed 13.5 GWh of energy storage products during the quarter.(@WalterBloomberg)

$SPCX - DAN IVES BETS BIG ON SPACEX AS HE LEAVES WEDBUSHDan Ives ended his eight-year tenure at Wedbush by launching coverage of SpaceX with an Outperform rating and $190 price target.He sees SpaceX evolving into a leading AI infrastructure company, driven by its launch business, Starlink, and data centers. Ives also announced plans to launch a new AI-focused merchant bank combining research, advisory, investing, and capital raising.(@WalterBloomberg)

DALY: HOUSING INFLATION HAS BEEN COMING DOWN IN U.S.(@WalterBloomberg)

TRADERS FULLY PRICE IN FED RATE HIKE BY DECEMBER PREVIOUSLY OCTOBER(@WalterBloomberg)

SPOT SILVER RISES OVER 3% TO $61.63/OZ(@WalterBloomberg)

TRADERS OF SHORT-TERM INTEREST RATE FUTURES TRIM RATE HIKE BETS AFTER WEAKER-THAN-EXPECTED JOBS DATA(@WalterBloomberg)

US LABOR JUN NONFARM PAYROLLS +57K; CONSENSUS +115KUS JUN UNEMPLOYMENT RATE 4.2%; CONSENSUS 4.3%US JUN AVERAGE HOURLY EARNINGS +0.35%, OR +$0.13 TO $37.64; OVER YEAR +3.52%US JUN PRIVATE SECTOR PAYROLLS +49K AND GOVERNMENT PAYROLLS +8KUS JUN AVERAGE WORKWEEK UNCHANGED AT 34.3 HOURSUS JUN LABOR-FORCE PARTICIPATION RATE 61.5%US MAY PAYROLLS REVISED TO +129K; APR REVISED TO +148KUS MAY UNEMPLOYMENT UNREVISED AT 4.3%(@WalterBloomberg)

US JOBLESS CLAIMS -1K TO 215K IN JUN-27 WK; SURVEY 220KUS JUN-20 WEEK CONTINUING CLAIMS +2K TO 1,814,000US JUN-20 WEEK JOBLESS CLAIMS REVISED TO 216K(@WalterBloomberg)

U.S. JOBS GROWTH MISSES, UNEMPLOYMENT FALLSU.S. nonfarm payrolls rose just 57,000 in June, well below the 110,000 forecast, while private payrolls increased 49,000.The unemployment rate unexpectedly fell to 4.2% from an expected 4.3%. Average hourly earnings matched forecasts, rising 0.3% m/m and 3.5% y/y, while labor force participation slipped to 61.5%.(@WalterBloomberg)

U.S. JUNE NONFARM PAYROLLS +57,000 (CONSENSUS +110,000)(@WalterBloomberg)

SYRIA'S AL EKHBARIYA SAYS EXPLOSION HEARD IN DAMASCUS(@WalterBloomberg)

TRUMP'S THURSDAY CALENDAR (JULY 2)🔸 8:00 AM — Executive Time (White House, Closed Press)🔸 10:30 AM — Policy Meeting (Oval Office, Closed Press)🔸 11:00 AM — Intelligence Briefing (White House, Closed Press)🔸 1:30 PM — Policy Meeting (Oval Office, Closed Press)🔸 2:30 PM — Policy Meeting (White House, Closed Press)🔸 4:00 PM — Pre-Taped Interview (Oval Office, Closed Press)🔸 6:00 PM — Policy Meeting (Oval Office, Closed Press)(@WalterBloomberg)

$TSLA - TESLA CHINA SALES RISE FOR EIGHTH MONTHTesla's China-made EV sales rose 24.4% year-over-year to 89,091 vehicles in June, marking an eighth straight month of growth.The increase was driven by a continued recovery in European demand. Tesla's Shanghai factory supplies both the Chinese market and exports vehicles to Europe.(@WalterBloomberg)

DALY: WE ARE IN EARLY STAGES OF A POTENTIAL EXPONENTIAL RISE IN PRODUCTIVITY GAINS FROM AI(@WalterBloomberg)

FED'S DALY: AI INVESTMENT SHOCK HAS PEOPLE WONDERING IF IT WILL BE INFLATIONARY(@WalterBloomberg)