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Top stories today:
- FTX bankruptcy judge approves disclosure plan, ballots out July 10
- Amazon crosses $2T for first time, +4% after AI news
- Tesla close to losing majority of U.S. EV market
- Trump 65.7% favorite to win election: Nate Silver
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.
1. FTX bankruptcy judge approves disclosure plan, ballots to be sent to creditors on July 10
Oct. 7: proposed confirmation hearing.
<$50K creditors would receive their money <60 days after that.
66.7%+ of dollar value and 50%+ of votes tallied required to approve the plan.
Customers expected to get 118%+ of their Nov. 2022-dollarized money back, considering a 9% per year interest rate.
2. Amazon crosses $2T for first time, +4% after discount section news
CORRECTION: Investors liked the news that Amazon plans to launch a discount section with direct shipping from China like Temu and Shein.
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4. Tesla close to losing majority of U.S. EV market
It is still bigger than all the rest combined:
