1810 Daily - Markets. Money. Moves.

🕰️ 1810 | June 12, 2025

📬 Need to Know

📉 Wall Street Dips on Mixed Inflation & China Trade Hopes
Markets closed slightly lower yesterday:

• S&P 500 ▼ 0.3%

• Nasdaq ▼ 0.5%

• Dow flat

Investors chewed on May’s CPI report, which showed headline inflation ticked up to 2.4% while core inflation remained flat at 2.8%. That’s three straight months of stubborn core prices. The Fed isn’t flinching yet.

💬 Street read: One cut? Maybe September. Two? Only if things crack.

Meanwhile, a tentative U.S.-China trade deal would lower tariffs to 55% (from 145%) and ease export restrictions. Markets welcomed the news — cautiously.

🏠 Real Estate: Cooling But Pricey
Home prices are up 1.4% YoY, but month-over-month growth has slowed sharply to 0.2%. Mortgage rates remain near 7%, pushing would-be buyers and sellers into a standoff.

Residential REITs are one of 2025’s surprise winners: +9.5% YTD.

🧮 Jamie Dimon’s Red Flag
JPMorgan’s CEO warned the U.S. economy “could deteriorate” as consumers exhaust savings, debt piles up, and corporate balance sheets quietly weaken.

🛢️ Commodities Check

🔬 Tech & Science

📡 AI Gets Attacked
Cybersecurity researchers uncovered the first-ever zero-click attack on an AI agent — meaning it didn’t require any user interaction. The exploit used manipulated image data to hijack decision-making models.

🧠 BrainGate2 Breakthrough
A paralyzed ALS patient using a new brain implant was able to speak — and sing — in real time. The UC Davis-led system processed brain signals into words 40x faster than any previous solution.

🎭 Culture & Media

🎸 Brian Wilson Dies at 82
Beach Boys legend and mastermind of Pet Sounds passed away yesterday. Critics widely regard Wilson as one of the greatest American songwriters of all time. Paul McCartney once called “God Only Knows” the best pop song ever written.

📺 NBCUniversal & Disney Sue Midjourney
The two media giants have filed the first major generative AI copyright suit, alleging image models are stealing protected content.

🌎 Global Affairs

🇨🇳 U.S.-China: Tariff Truce Framework in Place
Details are still emerging, but early reports show China will ease restrictions on rare earth exports and the U.S. will lower tariffs and reopen university visa channels. Business sectors from EVs to semiconductors are watching closely.

🇮🇶 Baghdad Exit
The U.S. authorized voluntary departure of embassy staff in Baghdad amid regional unrest. The move follows escalations involving Iran-linked militias.

🇩🇰 Denmark Approves U.S. Bases
In a move with Cold War vibes, Denmark greenlit U.S. military bases — a first — citing rising geopolitical tension over Greenland and Arctic security.

📊 Quick Ledger: Market Pulse

🗓️ Coming Up

• PPI report drops tomorrow — insight into corporate pricing power

• More Fed speakers expected to clarify rate path

• Housing starts & building permits (next week)

• Apple WWDC ripple effects still playing out in chip stocks

💬 Quote of the Day

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