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businessJul 1, 202610:58pending

Trump’s Crypto Fortune Balloons, Meta Builds a Cloud Business

The Rundown

About this episode

Market update for July 1, 2026.

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In today’s episode, Zaid covers:

  • S&P 500 and Nasdaq posting their best quarter since 2020

  • What investors should watch in the second half

  • Nike earnings, and why the stock is sliding despite beating expectations

  • Anthropic reaching a deal with the Trump administration to restore access to Fable and Mythos

  • Meta building a cloud business to sell AI compute

  • President Trump reporting more than $1 billion in crypto-related income last year

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Trump’s Crypto Fortune Balloons, Meta Builds a Cloud Business

The Rundown

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