The man flipped his Cybertruck in a week for $2000 more than he paid for it...

The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are sinking while small caps (^RUT) are seeing a rebound of more than 10% in the last week. Wall Street Alliance Group Partner Aadil Zaman joins Wealth! host Alexandra Canal to discuss the pullback and how investors should be positioning their portfolios. June saw a 3% increase in housing starts, although single-family home construction remains at an eight-month low. John Burns Research & Consulting director of research Rick Palacios Jr. comes onto the program to provide insights into the current housing market construction dynamics. Palacios highlights a significant downturn in multi-family housing starts, noting a nearly 23% year-over-year decline. While the majority of investors are confident the economy will see the Fed's goal of a soft landing, some worry that hard landing risks are underpriced amid a slowing consumer labor market and government spending. BlackRock Head of iShares Investment Strategy Americas Kristy Akullian breaks down how investors can manage risk and protect themselves in the event that a soft landing is not achieved. Tesla (TSLA) CEO Elon Musk has announced plans to contribute $45 million monthly to a Trump Super PAC in support of the former president's reelection campaign. This move comes despite potential conflicts with Trump's policy direction, as Trump's current vice presidential pick, Senator JD Vance (R-Oh.) seeks to eliminate nearly $100 billion in electric vehicle subsidies through his proposed "Drive American Act." For more expert insight and the latest market action, click here. This post was written by Nicholas Jacobino...

On today's episode of Morning Brief, hosts Seana Smith and Madison Mills break down the market open and some of the biggest stories hitting the market. The major market averages (^DJI, ^IXIC, ^GSPC) are under pressure Wednesday morning, with the Nasdaq Composite falling by over 300 points — or over 1.6% — as semiconductor stocks drag down the tech-heavy indexes. As a new report from Bloomberg outlines the Biden administration's plans for stricter trade regulations on chip exports to China, Principal Asset Management chief global strategist Seema Shah explains: "In a way, this is not unexpected. I think everyone has been anticipating that,as you see this continuation of US-China tensions, that, unfortunately, some of these chip makers, technology almost falls right into the spotlight." However, InsingerGilissen senior analyst Jos Versteeg believes ASML (ASML) will continue to perform well despite the news, saying, "When you look at China, China semiconductor manufacturing, they are using mainly low-end chips and the US wants them to keep on producing low-end chips because the world needs it." Meanwhile, the US political landscape is heating up. In a recent Bloomberg interview, former President Donald Trump said he would allow Federal Reserve Chair Jerome Powell to complete his term if reelected, as long as Trump thinks Powell is "doing the right thing." However, Trump doesn't think the Fed should cut rates before the election in November because that could help President Biden's reelection prospects. Tesla (TSLA) CEO Elon Musk, who recently backed Trump in the 2024 election, announced on X, formerly Twitter, that he plans to relocate the headquarters of both SpaceX and X to Austin, Texas. This move is in response to a new California law regarding transgender rights in schools, bringing increased rhetoric to some of the biggest issues dominating the November election. Johnson & Johnson (JNJ) posted its second quarter earnings Wednesday morning, beating estimates on its top and bottom lines. However, the pharmaceutical giant slashed its full-year profit forecast. Shares of Roche (ROG.SW) are also moving higher on Wednesday as the company reported positive results from its obesity drug trial for a once-a-day oral pill currently labeled CT-996. This post was written by Melanie Riehl...