Stocks Tumble, Yields Rise After Warsh's First Meeting As Fed Chair

MRKT Matrix - Wednesday, June 17th Dow tumbles 500 points as Warsh’s first Fed meeting causes bond yields to surge (CNBC) Chairman Warsh drastically alters Fed rate statement. Here’s what’s changed (CNBC) US Retail Sales Rise in Broad Gain Despite Higher Gas Prices (Bloomberg) The Great American Housing Shortage Is Finally Forcing a Search for Solutions (WSJ) SpaceX Shares Fall for First Time Since Blockbuster Debut (Bloomberg) Elon Musk Is Unleashing SpaceX’s New War Chest to Solve His AI Problem (WSJ) The IPO Onslaught Is Forcing Bankers to Pick Teams (WSJ) Anthropic export ban sounds alarms for AI industry (Axios) Microsoft weighs DeepSeek for Copilot Cowork (Axios) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://riskreversal.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs