macro💕

[Vu Tran @vu0tran]

Excited to share that I'm joining Opendoor as Chief AI Officer, where I'll be bringing frontier AI to the way people buy and sell homes.

I've known Kaz for 11 years, and the chance to build something alongside him is a rare thing. Grateful for my time at Meta MSL, but this was the opportunity I couldn't say no to.

The way people buy and sell homes hasn't fundamentally changed in decades. I believe AI is about to change that, saving real Americans real time and real money, and making homeownership more within reach.

That last part matters most. Homeowners put down roots. They invest in their families and their communities. A nation of homeowners is a stronger nation. That's the mission, and we're just getting started!

[Michael Truell @mntruell]

Lots to do together. Excited to be joining forces with @SpaceX to build useful AI.

[Commentary Donald J. Trump Truth Social Posts On X @TrumpTruthOnX]

The Deal with the Islamic Republic of Iran is now complete. Congratulations to all! I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade. Ships of the World, start your engines. Let the oil flow! President DONALD J. TRUMP

( TS: Jun 14 2026, 5:29 PM ET )​​​‍​​‌‍​​‌‍​​​​​​​‌‍​​​​​​​​‌‍​​​​​​‌‍​‌‍​​​​​​‌‍​​​​​​​​​‌‍​​​​​​​​‌‍​​​​​​‌‍​​​​​​​‌‍​​​​​​​​​​‌‍​​​​​​​​​​‌‍​​‌‍​​​​​‌‍​​​​​​​​​​‌‍​​​​​​​​​‌‍

[NEW YORK KNICKS @nyknicks]

job’s done ✅

[NBA @NBA]

FOR THE FIRST TIME IN 53 YEARS, THE KNICKS ARE NBA CHAMPIONS 🏆

New York defeats San Antonio 4-1 in the NBA Finals, capturing their third championship in franchise history!

[NEW YORK KNICKS @nyknicks]

OG ANUNOBY’S GAME WINNING TIP IN.

[Adam Schefter @AdamSchefter]

A play New York won’t forget:

[Sawyer Merritt @SawyerMerritt]

Tesla FSD (Supervised) has just officially been approved in Belgium! 🇧🇪

This is now the 5th European country to get FSD approval.

[Sawyer Merritt @SawyerMerritt]

Tesla FSD (Supervised) has just officially been approved in Denmark!

This is the fourth European country to get FSD (Supervised) approved, and counting.

[Ashok Elluswamy @aelluswamy]

@BLSmith2112 @Tesla_AI Recording should be up in a few days.

[Ashok Elluswamy @aelluswamy]

Unsupervised Robotaxi now available in the greater Austin area.

[Senator Cynthia Lummis @SenLummis]

The Clarity Act is not just a crypto bill. It's a decision about whether America leads the next financial system or watches from the sidelines.

[SpaceX @SpaceX]

Onboard views from Starship and Super Heavy V3, which are equipped with upgraded cameras capable of streaming 4K video through every phase of flight via @Starlink

[Sawyer Merritt @SawyerMerritt]

Wow, Anthropic has agreed to pay @SpaceX $1.25 billion per month through May 2029 for AI compute capacity, with capacity ramping in May and June 2026 at a reduced fee.

Huge deal

[Kaz Nejatian @nejatian]

Today, my wife and I bought 100,000 more shares of $OPEN. I don't look at the stock price that frequently. I did today and I thought it was worth my family becoming even more invested in Opendoor.

[macro💕 @macroguruthumb]

US & World News

The two biggest stories today — one bond bullish, one oil bearish.

⚡ DOJ drops its Powell probe. Announced by Pirro on X, confirmed by CNBC at 10:17AM. Sen. Tillis removes his hold on Warsh's Senate confirmation vote. Kevin Warsh is now on a clear path to become the next Fed chair. Markets have been pricing a 10–15bps risk premium for Fed independence uncertainty since January — that premium starts unwinding today.

🛢️ Tehran air defenses engaged Thursday. WTI hit an intraday high above $98 before settling at $95.85. Brent closed at $105.07 — highest since the war's initial outbreak. Iran's internal power struggle between hardliners and moderates is now the dominant variable for oil. A hardliner takeover = $110+ Brent scenario. Moderate path = ceasefire deal and WTI back toward $80.

The chips sector hit its 17th consecutive record Thursday. SOX crossed 10,000. TXN, LRCX, and STM all beat. The AI cycle is intact regardless of the macro backdrop.

[macro💕 @macroguruthumb]

Macro & Data
Two things happened this morning that change the rate picture.

⚡ DOJ dropped its criminal probe of Fed Chair Powell. Sen. Tillis immediately removed his hold on Warsh's confirmation vote. The path to a new Fed chair is now clear — and it removes the 10–15bps Fed independence risk premium that's been embedded in the 10Y since January.

😊 Michigan Sentiment: 49.8 — beat the 47.6 consensus. Current conditions 52.5. Better than feared across the board. The one caution: 5-year inflation expectations rose to 3.5% (cons 3.4%) — long-run de-anchoring is the Fed's quiet concern heading into FOMC.

📊 Yesterday's PMI Flash: 52.0 (prev 50.3). Services 51.3. Growth is resilient despite the war.
The offsetting force: WTI closed at $95.85 Thursday after Tehran air defenses engaged intraday. Brent at $105. The DOJ drop removes ~10–15bps of risk premium. WTI at $95 adds it back.

Net verdict arrives next week: Core PCE on April 30 + FOMC press conference April 29. That's when the rate path for Q2 gets set.

[Tesla @Tesla]

Purpose-built for autonomy

Cybercab in production now at Giga Texas