{"id":579,"date":"2026-06-02T22:51:32","date_gmt":"2026-06-02T22:51:32","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=579"},"modified":"2026-06-02T22:51:32","modified_gmt":"2026-06-02T22:51:32","slug":"trump-tells-netanyahu-youre-f-ing-crazy-and-wall-street-sees-it-as-a-sign-hes-losing-patience-with-the-war-and-wants-it-done","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=579","title":{"rendered":"Trump tells Netanyahu, \u2018You\u2019re f\u2014ing crazy\u2019 and Wall Street sees it as a sign he\u2019s losing patience with the war and wants it done"},"content":{"rendered":"<div>\n<h3>ONE BIG THING<\/h3><h2><b>New rules for the S&amp;P 500 could benefit SpaceX and Anthropic but hurt investors<\/b><\/h2>\n<p><span>To get into the S&amp;P 500, a company is supposed to make money, <\/span><span>writes <\/span><i><span>Fortune<\/span><\/i><span>\u2019s Eva Roytburg<\/span><span>. The sum of its last four quarters of earnings must be positive, as must its most recent quarter. That\u2019s a decades-old rule, and it\u2019s the reason the S&amp;P 500 is regarded as the premier ranking of public, high-quality, large-cap U.S. companies.<\/span><\/p><p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=575\">\u2018We will fly again\u2019: Blue Origin says rocket explosion spared vital launch pad parts<\/a><\/p>\n<p><span>Soon, that rule will likely be broken, three times. On purpose. S&amp;P Dow Jones is considering relaxing its rules on profitability, trading history, and ownership concentration in order to allow SpaceX, OpenAI, and Anthropic to go public with\u2014potentially\u2014lower-quality earnings than the other stocks in the benchmark index.<\/span><\/p><div><div><div><\/div><\/div><\/div>\n<p><span>Ordinary investors could be forced to eat this whether they like it or not: S&amp;P index funds and ETFs are required to buy the entire index, they cannot pick and choose. The rule change would dilute retail investors, 401(k)s, and institutional investors alike with lower-quality stock. \u201cIt\u2019s the opposite of what an index is supposed to be,\u201d says Nell Minow, a longtime expert on corporate governance.<\/span><\/p>\n<ul>\n<li><span>Alphabet seeks $80 billion to fund AI buildout<\/span><span> &#8211; Axios<\/span><\/li>\n<li><span>This will be an absolutely mammoth year for IPOs. Probably<\/span><span> &#8211; FT<\/span><\/li>\n<\/ul>\n<h3>\u201cAIR POCKET AHEAD\u201d<\/h3><h2><b>Bank of America is suddenly skeptical about the AI story<\/b><\/h2>\n<p><span>The big AI hyperscalers are shifting from being \u201ccapital light\u201d to \u201ccapital intensive,\u201d seeing their cash flow shrink, and issuing too much debt, according to a deep dive from Savita Subramanian et al at Bank of America. \u201cWe are long-term [technology] bulls but we see an air pocket ahead,\u201d she advised clients recently.<\/span><\/p>\n<p><span>She notes that, of the IPOs in the late 1990s dotcom boom, only one of every five survives today, even though all the broadband fiber they laid remains in use. Thus it is time to get picky when it comes to big tech stocks, she suggests. One symptom of the problem is the way that companies such as Amazon, Google, Meta, Microsoft, and Oracle are burning through cash to spend on AI capex and issuing debt to fund it. The sector has gone \u201cfrom [a] source of cash to user of cash, shrinkage to issuance,\u201d she tuts.<\/span><\/p>\n<p><span>This chart shows the new debt the companies have piled on. It\u2019s more than triple what it used to be:<\/span><\/p><div><div><\/div><\/div>\n<p><span><div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-576\" height=\"578\" src=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/63af5c9353b5f273b5642bf2190c0c58-1024x578.webp\" width=\"1024\" srcset=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/63af5c9353b5f273b5642bf2190c0c58-1024x578.webp 1024w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/63af5c9353b5f273b5642bf2190c0c58-300x169.webp 300w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/63af5c9353b5f273b5642bf2190c0c58-768x434.webp 768w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/63af5c9353b5f273b5642bf2190c0c58.webp 1438w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div><\/span><\/p>\n<p><span>And this one shows how that capex has reduced the quality of their financials. The earnings of the Magnificent Seven continue to march upward as a percentage of the S&amp;P 500 as a whole. But their free cashflow has flatlined\u2014because it is being blown on data centers.<\/span><\/p><div><div><div><\/div><\/div><\/div>\n<p><span>\u00a0<div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-577\" height=\"919\" src=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/140f4dc9128104302be4a78a9f217ef1-1024x919.webp\" width=\"1024\" srcset=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/140f4dc9128104302be4a78a9f217ef1-1024x919.webp 1024w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/140f4dc9128104302be4a78a9f217ef1-300x269.webp 300w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/140f4dc9128104302be4a78a9f217ef1-768x689.webp 768w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/140f4dc9128104302be4a78a9f217ef1.webp 1439w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div><\/span><\/p><div><div><\/div><\/div>\n<h3>IRAN<\/h3><h2><b>Trump to Netanyahu: \u201cYou&#8217;d be in prison if it weren&#8217;t for me. I&#8217;m saving your ass. Everybody hates you now. Everybody hates Israel because of this.\u201d<\/b><\/h2>\n<p><b>There is confusion this morning<\/b><span> over whether a ceasefire still exists in Israel and the U.S.\u2019s conflict with Iran and <\/span><span>Axios reports a major split<\/span><span> between President Trump and Israeli Prime Minister Benjamin Netanyahu. Trump wants Israel and the Iran-backed Hezbollah terror group to stop fighting in Lebanon. Iran said it was suspending talks with the U.S. as a result of Israel\u2019s ongoing strikes, <\/span><span>per Bloomberg<\/span><span>.<\/span><\/p><div><div><\/div><\/div><div><div><\/div><\/div>\n<p><b>Trump blew up at Netanyahu<\/b><span> in a call on Monday, sources told Axios. It\u2019s worth reading verbatim:<\/span><\/p>\n<ul>\n<li><span>Summarizing Trump&#8217;s remarks to Netanyahu, the U.S. official said: \u201cYou&#8217;re f&#8212;ing crazy. You&#8217;d be in prison if it weren&#8217;t for me. I&#8217;m saving your ass. Everybody hates you now. Everybody hates Israel because of this.\u201d<\/span><\/li>\n<li><span>A second source briefed on the call said Trump was &#8220;pissed&#8221; and at one point yelled at Netanyahu: &#8220;What the f&#8212; are you doing?&#8221;<\/span><\/li>\n<\/ul>\n<p><b>Officially, Trump said both Iran and Israel<\/b><span> &#8220;agreed that all shooting will stop,&#8221; according to the BBC. <\/span><span>On Truth Social, the president said<\/span><span>: \u201cI had a conversation with Bibi Netanyahu today, asking him not to go into a major raid of Beirut, Lebanon. He turned his Troops around. Thank you Bibi! I also had a conversation with Representatives of the Leaders of Hezbollah, and they agreed to stop shooting at Israel, and its soldiers. Likewise, Israel agreed to stop shooting at them.\u201d<\/span><\/p>\n<p><b>But Netanyahu had a different take:<\/b> <span>Strikes on Beirut would continue<\/span><span> &#8220;if Hezbollah does not stop attacking our cities and civilians,&#8221; he said, and Israeli forces would not move out of southern Lebanon.<\/span><\/p>\n<p><b>Trump seems to be out of patience<\/b><span> with the whole situation, <\/span><span>according to CNBC<\/span><span>. \u201cI don\u2019t care if [peace talks] are over, honestly\u2026I really don\u2019t care. I couldn\u2019t care less,\u201d he told the channel. The discussions have \u201cstarted to get very boring.\u201d<\/span><\/p><div><div><div><\/div><\/div><\/div><div><div><\/div><\/div>\n<p><b>Bottom line:<\/b><span> Israel and Hezbollah were still bombing each other overnight.<\/span><\/p>\n<p><b>Good news? The blockade is being broken. <\/b><span>The Greek shipping line Dynacom Tankers has moved eight ships through the blockade of the Strait of Hormuz and is preparing another six to transit the shipping lane. <\/span><span>The <em>FT<\/em> doesn\u2019t report details<\/span><span> on exactly how Dynacom is achieving this, but the context is that the Greeks do not mess around when it comes to shipping: \u201cGreece has a tradition of breaking blockades since the antiquity,\u201d founder George Prokopiou told a conference in Athens on Monday.<\/span><\/p>\n<h3>MORE FROM FORTUNE<\/h3><p><span>Anthropic confidentially files its S-1 first\u2014but the IPO race with OpenAI is just beginning<\/span><span> &#8211; Allie Garfinkle<\/span><\/p><p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=573\">Data center CEO is hoping for a skilled-trades revival in his lifetime\u2014he\u2019s recruiting couch-dwelling Gen Z with two weeks of vacation on day one<\/a><\/p>\n<p><span>He sent out 3,200 r\u00e9sum\u00e9s and got zero job offers in the 2008 crash. Now Outdoor Boys\u2019 Luke Nichols is telling grads how he survived<\/span><span> &#8211; Sydney Lake<\/span><\/p><div><div><\/div><\/div>\n<p><span>Jeff Bezos\u2019 25-year-old stress cure is to \u2018make the first phone call, or send the first email\u2019\u2014 and a recruiter says it lands even harder in 2026<\/span><span> &#8211; Orianna Rosa Royle<\/span><\/p>\n<p><span>It\u2019s not a recession. But Goldman says your paycheck is acting like it<\/span><span> &#8211; Nick Lichtenberg<\/span><\/p><div><div><div><\/div><\/div><\/div>\n<p><span>Cognizant CEO is swimming against the tide on AI: he\u2019s hiring over 20,000 graduates this year and says AI tokenmaxxing is a \u2018vanity metric\u2019<\/span><span> &#8211; Preston Fore<\/span><\/p>\n<h3>CHART OF THE DAY<\/h3><h2><b>Goldman Sachs\u2019 insanely detailed World Cup brackets<\/b><\/h2>\n<p><b><div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-578\" height=\"595\" src=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/94cbf5990dc6020df8bd58ff8a121d59-1024x595.webp\" width=\"1024\" srcset=\"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/94cbf5990dc6020df8bd58ff8a121d59-1024x595.webp 1024w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/94cbf5990dc6020df8bd58ff8a121d59-300x174.webp 300w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/94cbf5990dc6020df8bd58ff8a121d59-768x446.webp 768w, https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/94cbf5990dc6020df8bd58ff8a121d59.webp 1439w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div><\/b><\/p><div><div><\/div><\/div>\n<p><b>Spain will beat Argentina<\/b><span> in the final of the World Cup this summer, according to Goldman Sachs.<\/span><\/p>\n<p><span>I\u2019m <\/span><i><span>not <\/span><\/i><span>saying that Jan Hatzius\u2014the bank\u2019s chief economist and head of its global investment research\u2014and his colleagues have too much time on their hands. But their World Cup prediction model is <\/span><i><span>thorough<\/span><\/i><span>, to put it diplomatically. Here\u2019s a description of the statistical model they used to predict the results of all 104 matches. I won\u2019t even try to translate this into plain English. Just know that I\u2019m leaving out all the minor variables they&#8217;ve weighted into it, like stadium altitude and pre-match momentum:\u00a0\u00a0<\/span><\/p>\n<p><span>\u201cWe estimate a regression model to predict the number of goals scored by a particular team (\u2018team i\u2019) against a particular opponent (\u2018team j\u2019) using the entire history of mandatory international matches since 1978\u2026we assume that the number of goals scored by team i is described by a so-called \u2018Poisson\u2019 distribution\u2026The main determinant of the number of goals scored is the difference in team performance as reflected in Elo ratings prior to the match. The Elo system was originally devised to rank chess players\u2026We can also leverage the Poisson distribution underlying our model to run a Monte Carlo simulation with 50,000 draws, which yields a set of probabilities that a particular team wins.\u201d<\/span><\/p>\n<p><b>The big calls:<\/b><span> The <\/span><b>U.S. <\/b><span>gets past <\/span><b>Iran<\/b><span> but is knocked out in the round of 16. <\/span><b>England<\/b><span> make it to the quarter-finals, where they are dispatched by <\/span><b>Brazil<\/b><span>. <\/span><b>Scotland<\/b><span> actually makes it out of the group stage (bold call from Goldman!) And <\/span><b>France<\/b><span> get their hearts broken in the semis.\u00a0<\/span><\/p><div><div><div><\/div><\/div><\/div>\n<ul>\n<li><span>FIFA\u2019s foray into dynamic pricing may be backfiring by keeping actual fans out of the World Cup\u2014and sending some prices lower as backlash hits demand<\/span><span> &#8211; Sasha Rogelberg<\/span><\/li>\n<li><span>6 years of jersey design, 4 years of prep, 4 weeks of games: Execs at U.S. Soccer and Nike know how much this World Cup means<\/span><span> &#8211; Preston Fore<\/span><\/li>\n<\/ul>\n<h3>NUMBER OF THE DAY<\/h3><h2>$2.95 trillion<\/h2>\n<p><span>The amount of wealth moved across foreign borders and booked in Hong Kong, the largest market for offshore riches. Hong Kong has narrowly overtaken Switzerland to become the world\u2019s largest offshore wealth hub according to Boston Consulting Group\u2019s <\/span><span>2026 Global Wealth Report<\/span><span>.\u00a0<\/span><\/p>\n<h3>THE FRONT PAGES TODAY<\/h3><p><span>US in talks to expand nuclear weapons deployments in Europe<\/span><span> &#8211; FT<\/span><\/p>\n<p><span>Prominent Short Seller Andrew Left Convicted of Fraud<\/span><span> &#8211; WSJ<\/span><\/p>\n<p><span>How One Tech Company Created 13 New Types of Jobs Because of A.I.<\/span><span> &#8211; NYT<\/span><\/p><div><div><\/div><\/div>\n<p><span>Ken Griffin poised to pay extra $1.4M in taxes for NYC properties thanks to Mamdani\u2019s pied-\u00e0-terre tax<\/span><span> &#8211; NY Post<\/span><\/p>\n<p><span>Lacking money and support, Trump\u2019s Board of Peace stalls in Gaza<\/span><span> &#8211; WP<\/span><\/p><div><div><div><\/div><\/div><\/div>\n<h3>ONE MORE THING<\/h3><h2><b>Elon Musk\u2019s $1.45 billion Bitcoin hoard is bigger than crypto sleuths thought<\/b><\/h2>\n<div><div><\/div><\/div>\n<p><span>SpaceX is holding $1.4 billion in Bitcoin, according to its S-1 IPO filing, substantially more than previously thought. Elon Musk\u2019s rocket company holds 18,712 BTC, more than the 11,509 that Tesla holds separately, <\/span><span>according to <\/span><i><span>Fortune<\/span><\/i><span>\u2019s Jack Kubinec<\/span><span>.<\/span><\/p>\n<p><span>Bitcoin is volatile, of course. It has lost nearly 50% of its value since its recent all-time high. And that high was double the previous peak. Big swings like that will need to be reflected on the balance sheet and marked as non-cash expenses or gains on quarterly financial statements.<\/span><\/p>\n<p><span>\u201cMarking $1.45 billion in Bitcoin to market each quarter can produce wild swings into reported earnings that have nothing to do with rocket launches or satellite performance,\u201d according to David Krause, a finance professor emeritus at Marquette University.<\/span><\/p><p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=571\">Victoria\u2019s Secret CEO rejected \u2018woke-washing\u2019 and endless sales cycles\u2014and it\u2019s paying off<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Everything you need to know before you reach the office this morning.<\/p>\n","protected":false},"author":1,"featured_media":372,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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