Elon Musk holds a press conference with President Donald Trump inside the Oval Office of the White House on May 30, 2025 in Washington.
Tom Brenner Washington Post | Getty Images
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Here are five important things investors need to know to start their trading day.
1. Flat tire
everyone was paying attention tesla Yesterday was the day the electric car maker became the first Magnificent Seven company to report earnings for the new season. Investors were not impressed. Quarterly sales were higher than a year ago, down two quarters, but earnings per share fell short of Wall Street expectations as capital spending increased.
Here’s what happened at the earnings call.
Chief Executive Officer Elon Musk and other executives offered little positive guidance or insight about the auto business. CNBC’s Laura Kolodny reported that the focus was instead on research into Tesla’s robotaxis and Optimus humanoid robots. Musk also mentioned the company’s hopes for artificial intelligence chips, but acknowledged that Tesla “doesn’t intend to replace them.” Nvidia“Ahead of the report, a group of labor unions and watchdog groups launched a “Take Back Tesla” campaign urging investors to oppose Mr. Musk’s new compensation plan. The highly publicized pay package would give the billionaire entrepreneur the opportunity to amass nearly $1 trillion in stock. Musk mentioned the pay plan at the end of his earnings call, calling proxy advisers who opposed the package “corporate terrorists.” “I want to build this robot army, but do I have at least a strong influence over that robot army?” Musk said on a conference call.“I’m reluctant to build that robot army unless I have at least a strong influence.” Tesla shares fell more than 3% in premarket trading this morning. Follow us here for the latest live market information.
2. Ready for takeoff
An American Airlines Boeing 737-823 aircraft takes off from the gate at Washington National Airport (DCA) in Arlington, Virginia, on July 21, 2025.
Daniel Slim | AFP | Getty Images
on the other hand, southwest airlines Exceeded expectations on both lines. Notably, the Dallas-based airline posted a profit as earnings per share, while Street posted a loss. Still, the stock was down more than 1% before the bell this morning.
american airlines It also reported higher revenue than analysts expected and gave a positive outlook for the rest of the year. The stock price rose nearly 4% following the announcement.
Next on the agenda for airline investors: alaska Proceeds are expected to be paid out after the bell today.
3. Putin’s punishment
Oil storage tanks stand at the RN-Tuapshinsky refinery operated by Rosneft Oil Company in Tuapse, Russia. Oil prices were mixed on Monday, with investors balancing expectations that the Organization of the Petroleum Exporting Countries (OPEC) would cut production to support prices against concerns stemming from remarks by Federal Reserve Chair Jerome Powell, who said the United States would face weaker growth for “some time.”
Andrei Rudakov Bloomberg | Getty Images
The White House yesterday imposed additional sanctions on Russia’s two largest oil companies, Rosneft and Lukoil. As a result, oil prices soared along with global indicators. brent It has jumped more than 5%.
The Treasury Department cited Russia’s “failure to seriously engage in the peace process to end the war in Ukraine.” Treasury Secretary Scott Bessent warned that the Treasury Department could take “further action if necessary.”
The sanctions are related to the collapse of plans for a meeting between President Donald Trump and Russian leader Vladimir Putin, a senior White House official told NBC News.
4. Reduction in workforce through AI
As many technology companies compete to hire AI talent, Meta Yesterday it seemed like they took the opposite approach.
Facebook’s parent company is cutting about 600 roles from its AI business, which people familiar with the matter told CNBC has become bloated. None are members of TBD Labs, the division that includes many of Meta’s key AI hires this summer, the people said.
Meanwhile, several big tech companies are calling for a moratorium on a type of AI development called “superintelligence.” As CNBC’s Dylan Butts points out, this buzzy term refers to a hypothetical AI that can outperform humans in basically every way. Signatories of the statement calling for the suspension include Virgin Group founder Richard Branson; apple Co-founder Steve Wozniak.
5. Percolators and picket lines
Barista Andy Acebado prepares drinks inside a Starbucks Corporation coffee shop in New York.
Victor J. Blue | Bloomberg | Getty Images
Latest news this morning: starbucks The Labor Union will start voting tomorrow on whether to authorize the strike. The group also said it plans to organize rallies and pickets across the country with its member baristas and allies.
According to CNBC’s Kate Rogers, the union and Starbucks are not currently in contract negotiations after negotiations broke down late last year. The union said it wants higher wages, better working hours and resolution of outstanding labor disputes. A Starbucks spokesperson told CNBC that the union “has chosen to walk away from the bargaining table. If they are ready to come back, we are open to discussions.”
Starbucks is scheduled to release its financial results next week.
daily dividend
—CNBC’s Laura Kolodny, Leslie Josephs, Dan Mangan, Kiff Leswing, Ashley Caputo, Dylan Butts, Kate Rogers and Courtney Regan contributed to this report. Josephine Rozzelle edited this version.
