On July 1, President Trump stated: We are building many car factories and artificial intelligence projects in the United States. By the time I leave office, we may hold a 50% share of the chip market.

On July 1, Meta Platforms (META.US) saw a pre-market increase of over 8% as the company is building a cloud business to sell excess AI computing power.

On July 1, Bank of America stated that Federal Reserve officials have significantly reduced their public appearances in the two weeks following the June policy meeting, which may be an early sign that Chair Walsh is implementing a more subdued communication strategy. Bank of America strategists noted that since the June FOMC meeting, Federal Reserve officials have only conducted 12 speeches and interviews, including those scheduled up to this weekend. In contrast, the average number of appearances in the same two-week period following Fed meetings since 2022 has been about 23. This may indicate that FOMC participants are adhering to Walsh's preference for fewer speeches, but it could also be due to the July 4 holiday and the lack of further clarification from Fed officials on the guidance issued in June. Time will tell whether this is a new trend or just noise.

Market news: Meta Platforms (META.O) is building a cloud business to sell its excess AI computing resources.

President Trump stated that the negotiations with Iran are progressing smoothly and that the nuclear disarmament efforts are also advancing well.

On July 1, three sources stated on Wednesday that OPEC+ oil-producing countries will agree to further increase the production target for August during their meeting on Sunday. This move aims to boost oil supply amid the gradual reopening of the Strait of Hormuz and falling oil prices. The sources indicated that the production target for August will increase by approximately 188,000 barrels per day, consistent with the increases seen in June and July. OPEC has not yet commented on this.

U.S. President Trump claimed that the rise in the stock market has earned him a significant amount of money. With the stock market on the rise, everyone is profiting. I am also profiting.

Micron Technology ($MU) and General Motors ($GM) have announced a strategic customer agreement aimed at 'ensuring a long-term and reliable supply of memory and storage platforms that are critical for General Motors' mass production and delivery.'

On July 1, U.S. President Trump stated: (Regarding financial disclosures) my funds are managed by a fund. I do not talk to those who manage my funds. The stock market is rising, and everyone is profiting. I am also profiting.

On July 1, Meta Platforms (META.US) saw a rapid increase in pre-market trading, rising over 5%. Reports indicate that the company is selling surplus artificial intelligence computing resources.