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Top stories today:
- Elon Musk, Vivek Ramaswamy to co-lead DOGE
- Apple said to launch wall-mounted tablet in Mar.
- Perplexity experiments with ads to monetize AI-powered search engine
- CPI projected at 0.2% MoM, core CPI at 0.3%, out at 8:30 AM ET
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware the few hallucinations):
1. Elon Musk, Vivek Ramaswamy to co-lead Department of Government Efficiency
Musk and Ramaswamy āwill pave the way for my Administration to dismantleā bureaucracy, Trump said.
The duo will also help āslash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.ā
From outside of government, both will āprovide advice and guidance.ā
DOGE is the acronym of the new department.
āAt leastā $2T could be cut from the federal budget, Musk said in October.
Jul. 4, 2026: the deadline for their work to end, before the next mid-term elections. Also, the country's 250th anniversary.
Dogecoin -10% on the news to $0.38 / $56B market cap.
2. Apple said to launch wall-mounted tablet as home command center in Mar.
A front camera, built-in battery, and internal speakers expected.
Home appliance controlling, video conferencing, and AI-based app navigation features are likely.
Siri and Apple Intelligence could be deeply integrated.
Amazonās Echo Show and Googleās Nest could be in its competition.
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