L3Harris and Department of War Agree on 10% Investment Deal
Stock futures are modestly higher following the U.S. consumer price index release, which may be seen helping to shape expectations for Federal Reserve policy and the pace of potential rate cuts later this year.Underlying sentiment is a blend of resilience from recent record highs and caution ahead of fresh catalysts.Asian equities, notably Japan's Nikkei, have surged to fresh records on optimism around potential fiscal stimulus and election developments, though the weak yen and rising yields are adding complexity to regional flows. European markets are modestly higher as well, showing that overseas sentiment remains relatively constructive even as U.S. participants tread carefully ahead of the inflation print.Commodities and currencies are also influencing sentiment. Oil prices continue to climb on geopolitical risks tied to unrest in Iran and potential supply impacts, while precious metals remain elevated on safe-haven demand amid policy uncertainty.In pre-market trading, S&P 500 futures rose 0.08%, Nasdaq futures rose 0.09% and Dow futures were flat.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -L3Harris Technologiesup 10% after the company and the Department of War agreed to the terms of a proposed DoW investment in L3Harris' Missile Solutions business through a $1B convertible preferred security, which would automatically convert into common equity upon an initial public offeringCardinal Healthup 4% after raising its FY26 EPS outlook ahead of the ICR conferenceUP AFTER EARNINGS -Energousup 13%NeuroPaceup 7%DOWN AFTER EARNINGS -Concentrixdown 7%Delta Air Linesdown 4%BNY Mellondown 1%JPMorgandown 1%
Get Free Real-Time Notifications for Any Stock
Analyst Views on BK
About BK
About the author
Trump Accounts Program Sparks Wealth Gap Controversy
- Account Registration: The Trump Accounts program garnered 600,000 sign-ups in its first week, indicating strong interest from middle- and lower-income families, and is expected to provide investment opportunities for 25 million children.
- Wealth Gap Controversy: Despite critics warning that wealthy families can contribute $5,000 annually, Treasury Secretary Bessent emphasized that the program primarily targets middle- and lower-income families to alleviate economic pressures.
- Government-Funded Investment: Each eligible child will receive a $1,000 government-funded investment, and families can open accounts for children under 18 without initial funding, laying the groundwork for future financial stability.
- Celebrity Support: Several celebrities, including Nicki Minaj, have pledged funds to the Trump Accounts, with Minaj committing between $150,000 and $300,000, highlighting public figures' support and attention to the initiative.
Intel Matches Trump Administration's $1,000 Child Benefit
- Government Shareholder Relationship: Intel has become the largest shareholder of the U.S. government, acquiring about a 10% stake last year through an $8.9 billion investment, indicating an increasingly close partnership that may pave the way for future policy support.
- Child Benefit Program: Intel announced it will match the Trump administration's $1,000 payout for eligible U.S. employees' children, a move that not only enhances employee benefits but also further solidifies its collaboration with the government.
- Wealth-Building Opportunities: The program allows parents to open tax-advantaged investment accounts for children under 18, with the government providing $1,000 seed funding for those born between 2025 and 2028, which is expected to promote long-term financial planning and investment awareness among families.
- Industry Participation: Intel joins a list of companies, including SoFi and Charter Communications, that have committed to matching the federal $1,000 contribution, reflecting a broad consensus among businesses to support children's wealth accumulation.
