
In our pre-mkt summary for Subscribers: Fed widely expected to hold rates steady today, and signal 1-2 rate cuts before year-end but no cuts before September; Trump signaling the US may join Israel in attacking Iran’s nuclear capabilities; $Tesla(TSLA.US) Austin robotaxi launch next week likely a sell-the-news event, consistent with other TSLA events over the years. TSLA 2Q delivs due July 2 likely to disappoint; our 2Q est 380K -14% YoY vs WS consensus 402K -10% YoY.
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