|  | Nasdaq | 19,529.95 | |
| | S&P | 6,000.36 | |
| | Dow | 42,762.87 | |
|  | 10-Year | 4.510% | |
| | Bitcoin | $105,659.12 | |
| | Circle | $107.70 | |
| | Data is provided by |  |
*Stock data as of market close, cryptocurrency data as of 12:00am ET. Here's what these numbers mean. | - Markets: The vibes are good on Wall Street right now, as the tech trade has come roaring back. The S&P 500 climbed above 6,000 points for the first time since February, while all three indexes posted their fifth winning week in the last seven. The S&P is now just over 2% from its all-time high. Meanwhile, recent IPOs are party rocking, especially the stablecoin issuer Circle that went public on Thursday.
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SPORTS College sports are entering a new era—again. On Friday, a federal judge approved a multibillion-dollar settlement that brings an end to a five-year legal journey launched by former student athletes to recover lost revenue opportunities. As of July 1, the way is clear for colleges to share revenue with student athletes directly. The landmark deal, which settles three lawsuits filed against the NCAA and its five biggest conferences, establishes a new compensation framework that aims to give Division I student athletes a bigger piece of the pie they helped bake. NCAA President Charlie Baker calls it a "new beginning" for college sports. A long time coming: The NCAA spent decades protecting its amateur model, but in recent years—as legal challenges piled up—it loosened regulations to allow athletes to benefit from their name, image, and likeness (NIL). This settlement, however, introduces many new terms of engagement between the NCAA and its athletes: - Each participating DI school will get a salary cap for student athletes. It's set at $20.5 million for the upcoming academic year and will increase over time. The deal doesn't specify how much each sport should get.
- Nearly $2.8 billion will be paid out to athletes who played in the pre-NIL era and lost earnings opportunities as a result.
- Schools will have roster limits for each sport, rather than scholarship limits. That leaves little room for walk-ons. Sorry, Rudy.
The full court press continues: The new NCAA payment framework clears up a lot of questions, but the potential for legal drama isn't over. It's unclear whether the money will have to be distributed evenly among male and female athletes, which could draw Title IX scrutiny.—BC | | |
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WORLD  Los Angeles protests continued into the night. The demonstrations, which began Friday after ICE officers executed search warrants at multiple locations in the city, including a clothing warehouse, continued throughout the day and spread. In response, President Trump signed a memo on Saturday ordering 2,000 National Guardsmen to Los Angeles County, the first time since 1965 that the National Guard was activated in a state without the request coming from the state's governor. On Sunday, Gov. Gavin Newsom called on Defense Secretary Pete Hegseth to rescind the order, writing that the deployment was "a serious breach of state sovereignty that seems intentionally designed to inflame the situation." Just after 9pm PT on Sunday, the LAPD declared various gatherings downtown as an unlawful assembly.
 Trade talks between the US and China begin in London today. And each side is bringing its wish list. American trade officials will press their Chinese counterparts to ease export controls on rare earth minerals and the magnets containing them. For its part, China wants the US to lift recent restrictions on its ability to buy jet engines and other technology products. US Treasury Secretary Scott Bessent will lead the American side. The negotiations aim to build on the progress made between the two countries in Geneva in May, when they agreed to a 90-day pause on some of the aggressive tariffs they had imposed on each other this year. The talks are expected to run through Friday.
 The 2025 Tony Awards celebrated a record-setting season. Broadway's honors went to Sarah Snook (best leading actress in a play for The Picture of Dorian Gray), Nicole Scherzinger (best leading actress in a musical for Sunset Boulevard), Cole Escola (best leading actor in a play for Oh, Mary!), and Darren Criss (best leading actor in a musical for Maybe Happy Ending). The awards show, held at Radio City Music Hall, featured a medley of Hamilton songs performed by 28 members of the original cast to honor the show's 10th anniversary. See the full list of 2025 winners here.—HVL
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TECH Apple's annual Worldwide Developers Conference (WWDC), which the company uses to announce new hardware and software, hits the boards in Cupertino later today. But the buzzy atmosphere that usually surrounds it has turned sour. From party bus to struggle shuttle If Meat Loaf had attended the last three WWDCs, he might have reconsidered that "two out of three ain't bad" stuff: - In 2022, the brand used its airtime to unveil the powerful new M2 chip, which got the Apple community excited.
- The following year, in 2023, brought news of the Apple Vision Pro. Enough said.
- The star of the most recent conference was Apple Intelligence, but several features that were announced didn't make it into the initial release. Some haven't yet materialized.
This year, Apple's Foundation Models, the tech underpinning its AI features, will likely be opened to third-party developers. There's also talk of an update to the Translate app. Bloomberg reports that Apple is already planning on bringing more pizzazz to WWDC26, "when it hopes it can try to convince consumers that it's an AI innovator." Zoom out: Apple is the worst performer of the Magnificent Seven so far this year.—HVL | | |
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CALENDAR Massive military parade in DC: Tanks, jets, and nearly 7,000 soldiers will participate in the US Army's 250th birthday celebration this Saturday. The multimillion-dollar parade—long a dream of President Trump's—will be a march through time, highlighting major conflicts and wars throughout US history. Saturday is also Flag Day and the president's birthday. Trump critics plan to hold nationwide demonstrations to protest the parade, which they say has been twisted to personally glorify the president. New inflation data: The US economy gets its latest tariff temperature check when the consumer price index is released on Wednesday, followed by producer prices on Thursday. That will give Fed Chair Jerome Powell some fresh data points to chew on as he weighs what to do with interest rates at the Fed's next meeting later this month. (As of now, the central bank is widely expected to hold rates steady.) Then, on Friday, we'll get an update on the consumer sentiment reading from the University of Michigan. High-stakes sports on tap: In the NBA Finals, the Pacers and Thunder head to Indianapolis for Game 3 on Wednesday. In the NHL Stanley Cup Final, the Panthers and Oilers are locked up at one game apiece ahead of Game 3 in Florida tonight. And in golf, the US Open begins on Thursday, which is one of the most anticipated in years. The world's best will face the ultimate test at Oakmont Country Club outside of Pittsburgh, considered one of the most difficult courses in the world. Red-hot Scottie Scheffler is the man to beat. Everything else: - Trump's travel ban on 12 countries went into effect early this morning.
- A Netflix documentary claiming to offer new details on the ill-fated Titan submersible will be released on Wednesday.
- The live-action How to Train Your Dragon movie hits theaters on Friday.
- Grab a tie and some beef jerky for the old man: Father's Day is Sunday.
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STAT Finally, an inflation report we can all get behind: The iconic Goodyear Blimp is celebrating its 100th anniversary. The airship embarked on its maiden flight in 1925, taking tire advertising to new heights. During World War II, Goodyear blimps watched over US Navy ships. Then, in 1955, Goodyear floated into the sports world, helping fans enjoy a bird's-eye view of their favorite events. Did you know: Goodyear cockpits are truly in rarefied air: According to the company, there are fewer blimp pilots in the world than astronauts.—BC |
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NEWS - Israel intercepted the British-flagged Madleen yacht carrying Greta Thunberg and 11 other activists who were attempting to deliver aid to Gaza.
- At least 79 people in seven states have contracted salmonella linked to a large egg recall, the CDC said.
- The LA Metro opened its long-awaited train station that connects LAX with the city's light rail service.
- Coco Gauff defeated World No. 1 Aryna Sabalenka in three sets to win her first French Open on Saturday.
- Carlos Alcaraz defended his title, defeating World No. 1 Jannik Sinner in the French Open men's final on Sunday, which ran five hours.
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GAMES Turntable: Sure, summer Fridays are great, but your favorite Monday morning word game is here for you in every season. Play the latest Turntable here. Broadway trivia Since the Tony Awards were last night, here's some Broadway trivia. We'll give you three songs from the soundtrack of a Broadway musical, and you have to name the show. - "La Vie Boheme," "Take Me or Leave Me," "One Song Glory"
- "Think of Me," "All I Ask of You," "Masquerade"
- "Two by Two," "All-American Prophet," "Baptize Me"
- "Sit Down, You're Rockin' the Boat," "Luck Be a Lady," "A Bushel and a Peck"
- "What is This Feeling?" "Something Bad," "For Good"
- "You'll Be Back," "Right Hand Man," "Cabinet Battle #1"
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ANSWER - Rent
- The Phantom of the Opera
- The Book of Mormon
- Guys and Dolls
- Wicked
- Hamilton
Word of the Day Today's Word of the Day is: "rarefied," meaning "very high" or "esoteric." Thanks to Gary Duncan from Joplin, MO, for the delicate suggestion. Submit another Word of the Day here. |
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