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Read a full exampleThe House passed the revised infrastructure bill 218β210 along largely party lines. President's signature is expected by end of week. Broadband expansion provisions take effect in Januaryβ¦
π MarketsStocks closed at record highs to end Q2. The S&P 500 finished up 14.2% for the quarter. Futures are flat overnight ahead of Thursday's jobs report.
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The Senate passed a revised $1.1 trillion budget reconciliation package early Sunday morning after 22 hours of debate and a last-minute amendment on Medicaid funding that secured the final two holdout votes. The bill now moves to conference with the House, which passed its own version last Tuesday. Leadership from both chambers says they aim to resolve differences before the August recess.
The legislation includes $180 billion in new defence spending, expanded child tax credits through 2030, and contested provisions rolling back several EPA regulations. Vice President cast the tie-breaking procedural vote that kept debate moving Friday evening.
US stocks are heading into Q2's final session near all-time highs, with the S&P 500 up 13.8% over the quarter after Friday's 0.6% gain. The rally has been driven by better-than-expected earnings, cooling core inflation (PCE came in at 2.3% last Wednesday), and easing fears of a hard landing.
Fed minutes released Thursday showed officials are "broadly comfortable" holding rates steady through summer but flagged a potential cut if labour market data softens materially. Markets are pricing in a 58% chance of a September cut, up from 34% three weeks ago.
This week: ISM Manufacturing (today), JOLTS (Wednesday), and the June jobs report Friday. Consensus is 178,000 jobs added; a miss could reprice rate-cut expectations quickly.
The Oklahoma City Thunder staved off elimination Friday, beating the Boston Celtics 108β99 in Game 6 to force a deciding Game 7 tonight at TD Garden (8:30 PM ET, ABC). SGA finished with 38 points and 9 assists. Jaylen Brown has been quietly dealing with a left knee bruise and was limited to 29 minutes β his availability and workload tonight will be the story heading into tip-off.
Wimbledon begins today at the All England Club. Defending champion Carlos Alcaraz and world number one Jannik Sinner are on opposite halves of the draw and are projected to meet in the final on July 13, pending results.
Apple confirmed Friday it has acquired AI-powered search startup Perplexity for approximately $2.4 billion in an all-cash deal. The acquisition is Apple's largest since its Beats purchase in 2014 and signals an aggressive push into AI-native search for iOS and Safari. Integration is expected to begin with iOS 21 next year; the Perplexity app will remain available on Android through at least 2027.
Nike reported fiscal Q4 results Thursday that topped expectations on both revenue ($13.1B vs. $12.7B estimated) and earnings per share ($0.72 vs. $0.64). CEO Elliott Hill credited a renewed focus on performance products and a pullback from heavy discounting. Shares jumped 11% in after-hours trading β the largest single-day gain since 2020.
Researchers at the University of Rochester published peer-reviewed results Thursday in Nature confirming a hydrogen-rich compound that superconducts at 22Β°C under standard atmospheric pressure β the long-sought "holy grail" of condensed matter physics. Independent labs in South Korea and Germany have already begun attempts to replicate the findings. If confirmed, the material could eventually transform power transmission, MRI machines, and quantum computing.
The NIH approved a new CRISPR-based gene therapy for sickle cell disease last Wednesday that works differently from the two treatments already on the market β it targets the disease's root genetic cause rather than increasing fetal haemoglobin. In trial data, 94% of participants were symptom-free at 18 months. Manufacturer expects US launch pricing around $2.1 million per patient.
Kendrick Lamar opened the North American leg of the GNX World Tour Friday night at SoFi Stadium in Los Angeles to 70,000 fans. Reviews called it "the most technically ambitious stadium show in years," noting a 40-minute centrepiece act built around the To Pimp a Butterfly album. The tour runs through October with 52 dates across North America and Europe.
Apple Original Films' F1, starring Brad Pitt as a retired driver pulled back into the sport, opened to $97 million domestically over the weekend β the biggest non-franchise, non-superhero opening since Top Gun: Maverick. The film was shot using real Formula 1 race weekends as a backdrop over two seasons, lending it an authenticity critics called "genuinely startling."
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There's a specific kind of frustration that comes from spending twenty minutes on your phone first thing in the morning and walking away feeling worse informed than when you started.
That was us, every day. Open Instagram or X to "catch up," and somehow forty-five minutes later you've seen seventeen takes on yesterday's controversy, three things designed to make you angry, and approximately zero pieces of actual information you needed. Close the app. Realize you still don't know what the market did overnight or what happened in the game last night.
The problem with going directly to news sites wasn't much better. Every outlet has its own view of what's "important today." Front pages are stacked with opinion columns dressed as news, five different versions of the same story, and enough breaking alerts to make anything feel urgent. Finding the two things you actually cared about meant clicking through twelve things you didn't.
We also noticed that the topics we wanted to stay on top of β markets, science, sports, politics β never lived in the same place. Multiple apps, multiple notification streams, multiple rabbit holes. Fragmented by design, because fragmentation is good for engagement numbers, even when it's bad for actual readers.
The Rooster's Crow started as a shared Google Doc. A morning summary: here's what happened in the categories we care about, written plainly, no agenda. It took us about twenty minutes each morning. After a few weeks, friends asked to be added. Then their friends. So we turned it into a newsletter.
We kept it simple on purpose. One email. Your categories. Seven o'clock. No push notifications, no algorithm, no system nudging you toward content that keeps you "engaged" for thirty more seconds. Just the things you said you wanted to read, written by people who actually read the news, arriving before your coffee gets cold.
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β Cooper & Taylor, The Rooster's Crow
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