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Welcome to the Daily Business and Finance Show. Trump selects Ohio's Senator Vance as running mate, Rumble shares surge. Elon Musk announces extra time for Robotaxi design updates ahead of reveal event. Tesla's Cybertruck outsells Ford F-150 Lightning in Q2, while analysts suggest Supreme Court's Chevron ruling could limit climate and EV actions. Tesla rallies with investors eyeing earnings and Robotaxi news. BlackRock CEO Larry Fink dubs Bitcoin digital gold, shedding his skepticism. United Auto Workers express concern over losing a White House ally, as Macquarie notes current growth rotation offers opportunities despite sustainability issues. Regardless of Biden or Trump winning the White House, Tik stocks are poised to thrive according to a 22-V survey. Stay tuned after this short ad break to learn more. The last thing you want to hear when you need your auto insurance most is, "Thank you for calling. Please listen to your list of 46 possible service options." Which is why when you choose USA Auto Insurance, you'll get great service that is easy and reliable. 24/7 online service for claims, access to roadside assistance and more, all at the touch of a button. Start getting the service you deserve. Get a quote today. Ability to receive a quote depends on membership eligibility, membership eligibility and product restrictions apply in our subject to change. USA means United Services Automobile Association and its affiliates, San Antonio, Texas. Former President Donald Trump selected Ohio Senator J.D. Vance as his Vice Presidential Running Meet at the Republican National Convention in Milwaukee. Shares in conservative media platform Rumble surged 29% on the news, closing 20.7% higher. Trump Media and Technology Group stock rose 31.4%. Elon Musk announced a design change for Tesla's Robotaxy, delaying its reveal originally set for August 8. Morgan Stanley analysts believe the delay could highlight Tesla's advancements in artificial intelligence and robotics. Tesla shares rose nearly 5% following the news. Ford Motor Company sold an estimated 15,645 F-150 Lightning vehicles in the first half of the year. Tesla ranked second with 11558 Cybertruck sold, followed by Rivians R1T at 6570 and GMC Hummer Truck at 4597. The Cybertruck outsold the F-150 Lightning by 850 units in Q2. The U.S. Supreme Court's decision to overturn the Chevron Doctrine creates legal uncertainty for utilities and complicates federal climate action, according to Moody's ratings. This could delay EPA mandates and hindering investments in electric vehicles and safer chemicals affecting companies like Xylem, T-Connectivity, Infinol, Sensata Technologies, and Little Fuse. Tesla shares rose 4% to $258.16 on Monday as investors anticipate the company's second quarter earnings report and await news on the potential postponement of the August 8th Robotaxy event. Morgan Stanley believes the delay could highlight Tesla's artificial intelligence capabilities. Elon Musk endorsed Donald Trump, reversing his previous stance on political donations. BlackRock CEO Larry Fink has gone from skeptic to supporter of Bitcoin, calling it "digital gold" on CNBC. He emphasized its potential for uncorrelated returns. BlackRock's Q2 earnings exceeded expectations, with assets under management reaching $10.6 trillion. United Auto Workers President Sean Fain met with the Union's executive board to discuss concerns about President Joe Biden's chances against Donald Trump in November. The UAW, headquartered in Michigan, endorsed Biden and criticized Trump. Following an assassination attempt on Trump, betting markets now favor his victory. McQuarrie desk strategy reports a potential shift from growth to value encyclical stocks, driven by expected U.S. disinflation and synchronized recovery by 2025. Strategist Viktor Shvetz notes that while this rotation may offer opportunities, its sustainability is uncertain in a capital-abundant world where technology accelerates market changes. The technology sector is expected to remain strong regardless of whether President Joe Biden or former President Donald Trump wins the upcoming election, according to a 22v research survey. Investors are optimistic about tech, industrial, consumer discretionary, and financial sectors. The S&P 500 information technology sector has surged 21% year to date. Thanks for tuning in to the Daily Business and Finance Show. Stay informed. Stay ahead. Catch us next time for more insights and updates. I'm Montgomery Jones. And I'm Amalia Duprey. It's time for us to say goodbye until we see each other again tomorrow. This content is sourced from the Seeking Alpha website, so support our podcast by becoming a Seeking Alpha Premium subscriber. See the show notes page for links to sign up. This episode is produced by Classic Studios. This podcast provides information only and should not be construed as financial or business advice. Check out our other podcasts in our network at classicstudios.com. [MUSIC]
