TL;DR

Tesla rebounds after Trump feud; $980M crypto liquidations; US-Canada trade, BOJ, and macro policy in focus.

Highlights

• • Tesla dropped 14% Thursday ($150B in value lost) after a Trump-Musk feud over federal contracts; shares rebounded ~5% pre-market as aides arranged a call to ease tensions15.
• Crypto markets saw $980M in liquidations as Bitcoin fell to $100,500; Trump Media filed for a $2.3B Bitcoin treasury deal, and Japan’s Metaplanet announced a $5.4B raise to buy up to 210,000 BTC768.
• Strategy (MicroStrategy) priced a $1B STRD IPO at $85/share to fund additional Bitcoin purchases18.
• US-Canada trade talks continue ahead of the June 15–17 G7, following US tariff hikes on Canadian steel/aluminum; Canada posted a $7.1B trade deficit2.
• Bank of Japan may slow bond tapering, while the US Treasury urges further BOJ tightening to support the yen 34.
• RBI cut India’s repo rate by 50 bps and slashed CRR; Russian central bank cut rates by 100 bps to 20%910.
• US imposed asset freezes on four ICC judges over Netanyahu and Afghanistan cases, drawing condemnation from the ICC, UN, and EU20.
• Trump announced a new travel ban on 12 countries (including Iran, Somalia, Yemen) effective June 9; Chad suspended US visas in response. A federal judge blocked a related six-month ban on foreign students at Harvard1517.
• Russia warns US “Golden Dome” missile shield threatens New START treaty renewal; arms control risks rise14.
• Amazon to invest $5B+ in new AWS data centers in Taiwan, expanding its Asia-Pacific cloud footprint16.
• Russian drone and missile attacks killed at least nine in Ukraine, including in Kyiv and Chernihiv, after a Trump-Putin call13.
• Eurozone Q1 GDP beat expectations, rising 0.6% q/q and 1.5% y/y19.

Commentary

Tesla ’s sharp selloff and partial pre-market rebound highlight how political risks—especially around federal contracts—can drive volatility in large-cap tech and EV names. The scheduled Trump-Musk call may stabilize sentiment in the near term, but traders should remain alert to further headlines, as policy uncertainty remains elevated for companies with significant government exposure15.

Crypto markets experienced heavy liquidations as Bitcoin dropped sharply, coinciding with broader risk-off moves and the Tesla-Trump spat. Despite near-term volatility, institutional interest continues: Trump Media’s $2.3B Bitcoin treasury filing, Metaplanet’s $5.4B capital raise for BTC purchases, and Strategy’s $1B STRD IPO all reinforce the ongoing trend of corporate Bitcoin adoption76818. Crypto-related equities may remain volatile as the market digests both forced selling and large-scale treasury moves.

Macro policy signals are mixed. The BOJ’s potential for slower bond tapering contrasts with US Treasury calls for further tightening to support the yen , keeping USD/JPY in focus34. Meanwhile, India and Russia both cut rates, reflecting divergent global monetary policy paths910. The Eurozone’s better-than-expected Q1 GDP print offers some support for European equities and the euro , but global risk appetite remains sensitive to central bank actions19.

Trade and geopolitical risks are front and center. US-Canada tariff negotiations and Canada’s wider trade deficit may impact North American industrials and exporters2. New US travel bans, sanctions on ICC judges, and Russia’s warnings over missile defense all add to global uncertainty152014. Amazon ’s $5B+ AWS investment in Taiwan signals continued tech sector expansion in Asia, but also underscores ongoing US-China tech rivalry16.

US traders should focus on headline-driven moves in tech, crypto, and industrials, and monitor for further developments in macro policy and trade talks as G7 approaches.