M360 Roundup - Volume 92

July 7th - 11th, 2025

Cole LaCour

President Trump has threatened a 50% tariff on Brazilian imports—amounting to a potential $21 billion annual tax—unless legal action against former President Bolsonaro is dropped

The S&P 500 is down 0.14%, the Nasdaq is up 0.45%, and the Dow Industrials is down 0.94% WTD

The 10-Yr U.S. Treasury yield has increased +0.057% to a current yield of 4.403%, whereas the 30-Yr U.S. Treasury yield increased +0.072% to a current yield of 4.925%

Crude oil prices increased 2.99% to a current $66.55/bbl while bitcoin increased 7.97% to a current $117,949.20coin

A new wave of budget and legacy airlines is quietly reviving low-cost long-haul travel by offering more direct international flights from smaller airports, though most upstart carriers still face steep challenges in making these niche routes profitable [WSJ]

First-time homebuyers are disappearing due to high prices and mortgage rates, benefiting landlords and rental-focused stocks as demand for starter homes and new builds declines sharply [WSJ]

Rising medical costs, shrinking government reimbursements, and volatile risk pools are making health insurers like UnitedHealth and Centene increasingly uninvestable, as Wall Street loses confidence in their ability to forecast and manage financial performance [WSJ]

BP expects a hit to second-quarter earnings from lower oil and gas prices, despite stronger U.S.-driven production and solid oil trading results, and anticipates $500 million to $1.5 billion in impairment charges [WSJ]

The IEA expects global oil supply to grow significantly faster than demand this year—driven by Gulf exports and non-OPEC+ producers—while lowering its demand forecast due to slower growth in developing countries and ongoing trade tensions [WSJ]

Nvidia became the world’s first $4 trillion company, propelled by its dominance in AI chipmaking, evolving from a gaming graphics firm to the core of the generative AI boom despite rising competition and geopolitical challenges [WSJ]
Tech companies and executives made significant efforts to align with President Trump through donations and investment pledges, but those with the closest public ties haven’t necessarily seen better outcomes in key policy areas [WSJ]

U.S. measles cases have surged to a 33-year high with over 1,288 reported so far in 2025, largely driven by declining vaccination rates and over 90% of cases involving unvaccinated or unknown-status individuals [WSJ]
Health insurers like UnitedHealth and Centene are becoming unattractive to investors as rising medical costs, unpredictable patient trends, and government spending cuts undermine the reliability of their financial forecasts and business models [WSJ]

Wells Fargo is ending its credit-card partnership with Bilt years early due to mounting losses and compliance concerns, as Bilt plans to launch a new version of the card with fintech firm Cardless by February [WSJ]

U.S. stocks hit record highs as optimism over trade deals, strong corporate earnings, and Trump's push for Fed rate cuts outweighed initial market jitters from proposed Brazilian tariffs [WSJ]