Market Domination anchors Julie Hyman and Josh Lipton break down the day’s financial news for June 5, 2025.
Growing tensions arise between President Trump and Tesla CEO Elon Musk. Trump says he’s disappointed in Musk’s bashing of his "Big Beautiful" tax and spending bill. Both men took to social media to insult one another and get personal. Musk called Trump a "liar." Trump came back saying the easiest way to save money "… is to terminate Elon’s governmental subsidies and contracts."
Also, President Trump and China’s President Xi Jinping spoke on the phone earlier today. Both sides came out of the call saying trade talks will start up again. We speak with Andrew Slimmon of Morgan Stanley’s Investment Management team about what this means for markets and investors and the future of trade between the two countries.
Stablecoins are designed to keep their value stable which makes them useful for payments, remittances, and savings for a new era of faster and more efficient payments. Circle President Heath Tarbert joins the show to talk about the stablecoin issuer’s IPO on Thursday.
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