Becker Private Equity & Business Podcast
5 Business News Stories We Are Following Today 6-2-25
Mon, 02 Jun 2025
In this episode, Scott Becker discusses key market updates, including rising U.S.-China tensions, GAP’s 20% stock drop, Palantir’s strong government ties and 74% year-to-date rise, and more.
Chapter 1: What are the key market updates today?
This is Scott Becker with the Becker Private Equity and Business Podcast. Thank you for listening. Here are five stories that we're following today. And thank you for joining us on the Becker Private Equity and Business Podcast. First, the markets point down today, but not horribly so after a really good May. And they're down today because tier of threats are ramping up again.
Chapter 2: What are the implications of rising U.S.-China tensions?
Chapter 3: Why did GAP's stock drop over 20%?
Chapter 4: What challenges face GAP's management?
Chapter 5: How is Palantir performing in the government sector?
The dialogue between China and the U.S. is getting a little bit more testy. We'll see how that goes. Second, GAAP dropped more than 20% Friday. It forecast essentially no growth in sales and much higher tier of cost. Blaming tariffs, and there are real challenges for sure, seems to be act one of each CEO's PR playbook as they struggle to find growth.
Third, Palantir technology keeps rising as the government doubles down on business with the company. Remember not too long ago when Doge was causing nightmares for big consulting firms doing business with the government. It seems like those days passed fairly quickly. Fourth, P.O. interest up 74% year-to-date. That's not a typo. They're up 74% year-to-date and rose 7.73% last week.
We'll see if that keeps going in that direction. Finally, fifth, the Senate has started to work through the tax bill passed by the House. Here, conservative senators perceive the bill should go further to cut costs. Others are more focused on making the tax cuts permanent. We'll see how this goes, and then I'll need to send the bill back to the House to reconcile the two bills.
We'll see where this goes to. Finally, I'll add on another story. Tesla sales in France fell 67%. The company is still seeing a lot of anti-Elon Musk pushback. Thank you very much for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.