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DAILY STACK
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Five stories ranked by Real-Life Impact
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Friday, July 3, 2026
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Today’s Thesis: Data centers are on backup generators so 67 million people can keep the AC on, the worst jobs report of the year just moved the rate math in borrowers’ favor, hotels are cutting staff despite the World Cup, your portfolio is frozen until Monday, and your mortgage just dipped to 6.43%.
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Trump to Unleash Giant $2.7 Trillion Gold Mine?
According to Jim's research, he estimates it contains up to $2.7 trillion in gold, silver, copper, and other precious elements that could:
Build 12,500 AI data centers
Power 24 million tomahawk missiles
Rebuild America’s broken electric grid – 25 times over
Construct 3 million high-performance jet engines for the Air Force and Navy
And repair nearly every major bridge, skyscraper and pipeline across the country
But you need to act before November 3 to take advantage before the President makes his next move...
That’s when a landmark policy decision could reprice this $2 stock, overnight.
This opportunity is so explosive, it’s possible shares could skyrocket 50-times or more by the end of Trump’s term.
But – time’s running out.
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1
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Your home
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67M people in PJM territory
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The government just chose your AC over a data center
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The Department of Energy issued two emergency orders this week to keep your air conditioning on. Data centers drawing 50 megawatts or more must switch to backup generators, and power plants can run past their environmental limits. PJM Interconnection, the grid operator covering 13 states and D.C., forecast demand of 166,304 megawatts for July 2 — enough to shatter the all-time record set in 2006. Heat indices above 110 degrees are hitting parts of Maryland and Virginia, and overnight lows in Philly, New York, and D.C. won’t drop below the mid-80s. The orders expire at midnight tonight — if you’re on a variable-rate electricity plan, your July bill will reflect the wholesale price spikes.
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The other side: PJM says these orders are precautionary, not reactive — rolling blackouts remain unlikely, and reserve margins have improved since 2006.
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2
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Your money
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+57,000 vs +115,000 expected
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The worst jobs report of the year just changed the rate math
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The economy added 57,000 jobs in June — roughly half what Wall Street expected. April and May were revised down by a combined 74,000, so the labor market is softer than it looked even a month ago. Wages grew 3.5% year-over-year, which still trails inflation. Before this report, markets priced a September rate hike at about 67% — that dropped Thursday, good news for anyone carrying a balance or shopping for a mortgage.
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The other side: Unemployment ticked down to 4.2%, and the Fed has said one soft month won’t override months of sticky inflation at 4.2%.
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3
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Markets
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2-yr yield -5 bps to 4.11%
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Stocks popped on the miss, then gave it all back
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Stocks jumped Thursday morning on the weak jobs number — bad economy means less chance of a rate hike, which is what Wall Street fears most right now. But the rally faded by the close, and the S&P 500 finished about flat. The real move was in bonds: the 2-year Treasury yield fell 5 basis points to 4.11%, repricing the odds of a September hike. Markets are closed today for the holiday, so the number in your brokerage app is the one that sticks until Monday.
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The other side: A market that can’t hold gains on rate-friendly data may be starting to price in something worse — an actual earnings slowdown.
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4
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Travel
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-61,000 leisure & hospitality jobs
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Restaurants and hotels cut staff despite the World Cup
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Leisure and hospitality lost 61,000 jobs in June, even with millions of World Cup visitors filling bars and hotel rooms across the country. The BLS called it “weaker than usual seasonal hiring.” The sector has shown no net job growth all year.
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The other side: This could be a seasonal timing blip — July’s numbers often correct for weak June hiring in tourism-heavy industries.
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5
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Your wallet
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30-yr mortgage at 6.43%
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Your mortgage rate eased, then the floor shifted
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The 30-year rate fell from 6.47% to 6.43% over the past two weeks. Then Thursday’s jobs miss added more downward pressure. If the Fed skips a September hike, rates could ease further — but with inflation still at 4.2%, nobody’s promising that.
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The other side: One soft jobs month doesn’t set mortgage direction — the Fed still needs months of cooling data before it backs off.
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Off The Stack
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Gold topped $4,130 an ounce Thursday. — Same direction as last week, no new catalyst beyond the jobs miss.
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Labor force participation dropped to 61.5%. — Structural trend worth watching, but no single-day trigger.
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Oil held near $68.60 a barrel. — Stable since the Iran deal; gas still drifting lower at $3.84.
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