Morning Briefing

Today's morning briefing features severe geopolitical escalations in the Middle East, a high-stakes NBA Finals game, and a highly anticipated recovery attempt on Wall Street following last week's brutal tech sell-off.

🌍 Global Conflicts & Geopolitics

• Iran-Israel Missile Exchange: Global markets were rattled over the weekend by a massive missile exchange between Iran and Israel. Israel temporarily closed its airspace after intercepting a missile launched from Yemen by Houthi rebels. President Donald Trump has issued a statement urging Israel to halt further retaliation. 
• Crude Oil Spikes: Driven by the renewed Middle East violence, Brent and WTI crude oil prices jumped over 3%, clearing the $96-a-barrel threshold in early trading.
• Xi Jinping Visits North Korea: Chinese President Xi Jinping arrived in North Korea for a rare, high-profile diplomatic summit with Kim Jong Un. 

📉 Wall Street & Pre-Market Trends

• Tech Futures Stabilize: U.S. equity futures are pointing upward, with Nasdaq 100 futures gaining 0.6% and S&P 500 futures rising 0.3%. This marks an attempt to snap last Friday's aggressive multi-billion-dollar tech dump, though Dow Jones futures remain slightly negative. 
• Macro Drag Lingers: Traders are still pricing in the fallout from Friday's blockbuster May jobs report. The unexpected hiring surge pushed the probability of a Fed rate hike by December to 65%, keeping bond yields elevated. 

🪙 Bitcoin & Crypto Update

• Geopolitical Whiplash: Bitcoin experienced severe intraday volatility, briefly slipping below $60,000 as news of the Middle East escalations broke. It has since staged a fragile relief bounce, currently trading flat near $63,180. 

🏀 Sports & Domestic News

• NBA Finals Game 3 Security: Security has been heavily tightened around Madison Square Garden ahead of Game 3 between the San Antonio Spurs and the New York Knicks tonight. With the Knicks up 2-0, President Donald Trump is scheduled to attend the game. The NYPD has banned outdoor watch parties surrounding the arena. 
• Penn Station Stabbings: Authorities are investigating an incident inside Penn Station last night where six people were injured in a stabbing. A suspect was immediately taken into custody, and train services remain operational.

We can explore any of these updates in greater detail. Would you like to map out the pre-market technical indicators for Asset Entities Inc. (ASST), review the upcoming daily ex-dividend calendar for Strive Inc. (SATA), or look deeper into global corporate earnings dropping today?