Trump has packaged the rise in US inflation as a manageable development, declaring himself "in love with inflation."
**June 11**
At a White House press conference on Tuesday, former President Donald Trump addressed the U.S.’s economic and international oil-related developments against the backdrop of record-high Consumer Price Index (CPI) data dating back to April 2023. Trump said he is “not worried, but instead in love with inflation,” framing the recent price rise as a proactive, manageable economic outcome rather than a sign of overheating.
Seated at his desk and using hand gestures to explain his points in a relaxed tone, Trump also claimed that as an ongoing war nears its end, the U.S. is set to secure a substantial volume of oil resources from Iran—a move he argues will help curb future energy prices. He further alleged that the U.S. successfully shipped oil from 22 vessels in a single night without operating lights or radar, noting: “Nobody knew, including Iran until now.”
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Wall Street AI Stock God Hits Put Options Precisely: Holds Semiconductor Stocks Plunge
June 11: Per data from Bitget Markets, all bearish option positions held by Situational Awareness LP—the fund managed by 25-year-old Wall Street AI stock prodigy Leopold Aschenbrenner—saw losses across the board. The declining assets include: VanEck Semiconductor Industry ETF (SMH) down 2.46%, NVIDIA (NVDA) down 2.42%, Oracle (ORCL) down 0.32%, Broadcom (AVGO) down 4.6%, AMD down 4.08%, Micron (MU) down 3.74%, Taiwan Semiconductor Manufacturing Co. (TSMC) down 3.2%, ASML down 1.43%, and Intel (INTC) down 1.76%.
BlockBeats previously reported that Situational Awareness LP’s Q1 13-F filing with the Securities and Exchange Commission (SEC) showed a significant increase in downside protection or bearish bets on AI and semiconductor-related assets, especially NVIDIA, VanEck Semiconductor ETF, Broadcom, AMD, TSMC, ASML, and Micron. The fund’s Q1 bearish options were valued at roughly $8.459 billion, accounting for about 61.9% of its total Q1 13F disclosed holdings. For comparison, its Q4 20
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2026 Federal Reserve Interest Rate Endgame: Hike Dominance over Cut, Today's CPI Report Plants Hawkish Pivot Seeds
June 11 — The May Consumer Price Index (CPI) report released today has set the stage for the Federal Reserve to adopt a more hawkish policy stance, with central bank officials now debating whether a rate hike should make a comeback. Data from the CME FedWatch Tool shows:
- The probability the Fed will hold interest rates steady through the end of 2026 stands at 30.6%.
- The likelihood of just a total of 25 basis points (bps) of rate cuts this year is only 1.2%, while the odds of a total of 25 bps of rate hikes are 42.9%.
- For cumulative rate hikes, the probabilities are 20.9% for 50 bps, 4.1% for 75 bps, and 0.3% for 100 bps.
- Additionally, the probability of a 25 bps rate cut at the Fed’s upcoming June meeting is just 3.8%.
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Trump Threatens New Strike on Iran Today, US Stocks Extend Losses, Gold Plunges 3.54% intraday
June 10 – U.S. stocks extended their decline after President Trump renewed his threat to take action against Iran earlier today, according to data from Bitget Markets. The Nasdaq Composite fell nearly 1.5%, the Dow Jones Industrial Average dropped 1.2%, and the S&P 500 Index slid 0.94%.
Spot gold continued its downward trend, plummeting more than $20 in a short span and notching a 3.54% daily loss. Meanwhile, both WTI and Brent crude oil rallied over $1 in the short term, with intraday gains of around 2%. They are now trading at $90.78 per barrel for WTI and $92.77 per barrel for Brent, respectively.
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Trump: Will Discuss Social Impact with AI Leaders, Public Will Become Very Wealthy Due to AI
June 10: Trump said he will soon meet with 12 top executives from leading artificial intelligence companies. He noted that during the upcoming meeting, he will discuss giving back to society with these AI industry leaders. The U.S. president added that he is confident these company leaders will contribute to the public, stating that the public will become significantly wealthier through AI-driven initiatives.
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OpenAI is expected to go public next year, delaying its previously anticipated IPO as early as September.
June 10: OpenAI CEO Sam Altman predicted the company will likely go public next year, pushing back its earlier plan to launch an IPO as early as September this year. Key factors shaping the IPO timeline include raising capital to acquire needed computing resources and progress in advancing self-improving AI.
According to monitoring by
PolyBeats, on the prediction platform Polymarket, the probability that OpenAI will go public by the end of August has dropped to 6%. The likelihood of an IPO by the end of September stands at 21%, while the end-of-year probability has plummeted from 76% to 49%.
9 minutes ago
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