Image Source: Pixabay

In this video, Ira Epstein discusses the financial market activities for June 5th, 2025, focusing on the geopolitical and economic events impacting the SPDR ETF market. He covers President Trump's meeting with German Chancellor Merz and the implications of U.S.-China trade relations, particularly concerning rare earths and technology policies.

Epstein highlights the anticipation surrounding the upcoming non-farm payroll report and its potential influence on Federal Reserve actions, expressing skepticism about an immediate rate cut.

Additionally, he touches on U.S. consumer credit data and the U.S. trade deficit, while also commenting on the sharp decline in Tesla's stock, attributing it to Elon Musk's involvement in political controversies.

Video Length: 00:15:04

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