JUST IN: OpenAI offers ChatGPT at a discount, impacting Microsoft, reports The Information.

JUST IN: Trump criticizes Fed Chair Powell, calling him not a 'smart guy', and repeats that the Fed should cut rates, stating Powell has performed poorly.

JUST IN: Trump states that something significant will occur in less than a week.

JUST IN: Trump states uncertainty about potential US strike on Iran.

JUST IN: Trump's patience with Iran has expired. When asked about Iran's leader, he responded: "Good luck."

Iran is now experiencing a near-total nationwide internet blackout.

Just 3% of the country currently has internet connectivity

JUST IN: Israel reports missile launches from Iran targeting its territory.

Circle shares $CRCL jumped 10% after the US Senate passed a bill regulating stablecoins.

JUST IN: Iran's Deputy FM Ravanchi warns that Iran will retaliate should the US join Israel's conflict with Iran.

Fed projections:

– Two rate cuts expected in 2025, totaling 50 bps

– One rate cut in 2026 by 25 bps

– One rate cut in 2027 by 25 bps

JUST IN: Fed's Powell: Market sentiment declined due to trade policy worries.

JUST IN: Fed Chair Powell suggests that rate cuts may be on the horizon. With a strong labor market and declining inflation, maintaining current rates is deemed appropriate. He emphasizes patience, indicating that waiting a few months will lead to a more informed decision.

JUST IN: Trump believes Iran was only weeks away from developing a nuclear weapon.

When you buy $10,000 of the S&P 500 here's how much of the largest stocks you're buying

$694 of Microsoft $MSFT
$690 of Nvidia $NVDA
$581 of Apple $AAPL
$397 of Amazon $AMZN
$365 of Google $GOOGL
$299 of Facebook $META
$230 of Broadcom $AVGO
$179 of Tesla $TSLA
$175 of Berkshire Hathaway $BRK.B
$147 of JPMorgan $JPM
$124 of Eli Lilly $LLY
$119 of Visa $V
$192 of Netflix $NFLX
$95 of Exxon Mobil $XOM
$90 of Mastercard $MA
$85 of Costco $COST
$80 of Walmart $WMT

JUST IN: President Trump criticizes Powell, calling him "the worst" and a "real dummy," claiming he's costing America billions.