Stock futures climb as investors await Supreme Court showdown on Trump tariffs and shareholder vote on Musk’s $1 trillion pay package

GM, Tesla, and Toyota are calling on the U.S. government to extend the USMCA free trade agreement, highlighting its importance for the automotive industry and economic growth. They believe that maintaining this deal will benefit manufacturers and consumers alike.

Trump's recent visit to China has highlighted the shortcomings of his tariff strategies, showing that despite significant global repercussions, only limited progress has been achieved. This situation poses serious challenges for American businesses and consumers alike.

Tesla is facing a lawsuit over its hidden door handles, which have been linked to safety issues. The company acknowledged the design flaw in September and is working on a solution to combine electronic and manual door-release mechanisms. Longtime design chief Franz von Holzhausen has confirmed these plans, highlighting Tesla's commitment to addressing the problem.

The Norwegian opposition is creating hurdles for Elon Musk's ambitious plan to secure a $1 trillion pay deal, complicating his path forward. This political resistance raises questions about the feasibility of such a massive financial arrangement.

Recent reports indicate that tariff revenue under Trump's administration has seen a significant increase, which is noteworthy given the ongoing national debt crisis. However, the overall deficit remains a staggering $1.8 trillion, about 6% of GDP. This situation raises concerns about the sustainability of such revenue, especially if the Supreme Court decides to strike down these tariffs. Understanding the implications of these financial dynamics is crucial as they could impact economic policy and fiscal health moving forward.

Wall Street is experiencing a downturn as expectations for Big Tech's AI advancements begin to wane. Companies like Palantir, Nvidia, and Tesla are seeing significant declines, which is impacting major indices like the S&P and the Dow. This matters because it reflects broader concerns about the sustainability of tech-driven growth and the potential implications of Federal Reserve policies on the market.

In a surprising turn of events, former President Donald Trump and tech mogul Elon Musk have publicly endorsed Andrew Cuomo in the competitive New York City mayoral race. This endorsement is significant as it brings together influential figures from different spheres, potentially swaying undecided voters and energizing Cuomo's campaign. The backing of such high-profile personalities could reshape the dynamics of the election, highlighting Cuomo's appeal across diverse voter bases.

A judge appointed by Obama has provided a potential 'roadmap' that could assist Trump in his ongoing Supreme Court case regarding tariffs. This development is significant as it may influence the outcome of the case, which has implications for trade policies and economic strategies in the U.S. The insights from this judge could reshape arguments and strategies, making it a pivotal moment for both the Trump administration and the broader economic landscape.

Rapid7's stock has reached a 52-week low of $17.74, reflecting a challenging year for the company. Investors are concerned about the ongoing difficulties that have impacted its performance.

Palantir's outlook has been raised by BofA Securities Analyst Mariana Perez Mora, who believes the company will thrive even if the AI bubble bursts. She shared insights on Palantir's strong earnings and its unique position in the AI sector during a discussion with Caroline Hyde and Ed Ludlow on Bloomberg Tech.

Guggenheim has raised its price target for Sphere Entertainment to $90, reflecting a strong outlook for the company. This positive adjustment indicates confidence in Sphere's future performance and growth potential.

Mach Natural Resources has seen its stock price drop to a 52-week low of $11.76, raising concerns among investors about the company's performance and future prospects.

Bitcoin has seen a significant drop, losing over 20% from its recent peak and falling below $100,000 for the first time since June. This decline reflects a broader bear market trend, impacting crypto stocks as well. Fred Thiel, CEO of Mara Inc, shared insights on the situation during his appearance on Bloomberg Crypto.

Putin has expressed strong confidence in the capabilities and future prospects of Russia's new weapons systems. He highlighted their advanced technology and strategic importance, emphasizing the nation's commitment to enhancing its military strength.