2026-06-02
Trump scaled back an AI order. Blanche killed a DOJ fund. Markets stayed greedy.
Good evening. Tuesday ran hot on executive orders and cold on legal threats. Trump signed a narrower AI directive after backing off his original plan. The White House also quietly killed a DOJ fund Blanche had promised to dismantle. Markets, meanwhile, kept climbing on profit appetite.
What Actually Happened
Texas Supreme Court narrowed shipper liability exposure in a trucking accident dispute. The ruling favors carriers in freight-accident litigation.
Bond traders have dug in to positions wagering on higher rates, even after paring extreme bets. Friday's employment report will test whether they stay convinced.
Directed agencies to harden defenses against advanced AI models and develop a voluntary testing framework. The final order was narrower than Trump's initial draft — a pattern that has repeated on other directives.
The April event was interrupted when a gunman forced his way past a security checkpoint. The dinner will be held on a new date.
"We are not moving forward with the fund. Period," she told House lawmakers. The fund had been positioned as a centerpiece of the administration's DOJ-reform agenda.
David Solomon told the Economic Club that equities are climbing on profit appetite despite inflation and disruption risks. Investors appear to have decided the risks are priced in.
The crypto firm has set up a trading desk offering institutional investors over-the-counter derivatives linked to prediction markets. The move mirrors traditional financial hedging tools.
Four farm workers died in a minivan fire in Italy. CCTV showed two suspects blocking doors and throwing liquid to start the blaze.
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"Worth paying attention to. Don't doomscroll."
"The wire took a breath. Don't get used to it."
Trump's orders narrowed. Blanche killed a fund. Bond traders stayed stubborn.
Back at 7:00 AM ET with the morning shot brief.