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CNN —The biggest question now that the Supreme Court has decided Donald Trump is entitled to some immunity from prosecution: What happens next in special counsel Jack Smith’s election interference case against the former president? Those are likely to come in the days after the Supreme Court hands the opinion down formally to the federal courts in DC. The Supreme Court said that that Trump’s pressure campaign on Vice President Mike Pence to help him overturn the election is “presumptively” immune, and put the burden on the prosecutors to rebut the presumptive immunity. The Supreme Court’s ruling strongly suggests that those appeals would need to be resolved pre-trial, making it unlikely this case goes to a jury before Americans cast their ballots for president. Jack Smith’s options going forwardIt’s also possible that Smith’s office winnows down his case to bring it in line with the Supreme Court’s opinion.

Persons: Donald Trump, Jack Smith’s, Smith, Tanya Chutkan, Trump, Justice Department –, John Roberts ’, Mike Pence, Roberts, Sotomayor, It’s, – Organizations: CNN, US, Supreme, Trump, Justice Department, DC Circuit Locations: Washington ,

☆ Read the Supreme Court’s Ruling on Immunity
▼ + stars: | 2024-07-01 | by ( ) www.nytimes.com time to read: +3 min

Whether the communications alleged in the indictment involve official conduct may depend on the content and context of each. This necessarily factbound analysis is best performed initially by the District Court. The Court therefore remands to the District Court to determine in the first in- stance whether this alleged conduct is official or unofficial. And the parties and the District Court must ensure that sufficient allegations support the indictment's charges without such conduct. (d) The Government takes a similarly broad view, contending that the President enjoys no immunity from criminal prosecution for any action.

Persons: Snyder, Phelps, Trump, lar, mately Organizations: Court, Government Locations: Nation's Government

☆ 'The Umbrella Academy' showrunner accused by 12 staff members of 'toxic' behavior. He called the allegations 'false and outrageous.'
▼ + stars: | 2024-07-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read previewA showrunner on "The Umbrella Academy" has been accused by 12 staff members of "toxic" behavior, including bullying and sexism, while working on the cult Netflix show. "The Umbrella Academy," which was released on the streamer in 2019 and has run for three seasons, follows a group of superheroes who were around the world at the same time before being raised by a mysterious billionaire. AdvertisementRolling Stone spoke to 12 writers and support staff who worked on "The Umbrella Academy" who shared their concerns about showrunner Steve Blackman. Jesse McKeown, the co-showrunner of "The Umbrella Academy" season four, claimed that he butted heads with Blackman over another writer's pay. Representatives for Blackman and Netflix did not immediately respond to Business Insider's request for comment.

Persons: —, Gerard Way, Gabriel Ba, Steve Blackman, Blackman, wasn't, Jesse McKeown Organizations: Service, Netflix, Umbrella Academy, Business, Nielsen, Academy, Universal Content Productions, Writers Guild of America, Stone

☆ French stocks and the euro boosted by election results
▼ + stars: | 2024-07-01 | by ( Hanna Ziady | ) edition.cnn.com time to read: +1 min

London CNN —French stocks and the euro rallied Monday after results from the first round of elections suggested the far right will inflict a heavy defeat on President Emmanual Macron but fall short of winning an outright majority in parliament. France’s CAC 40 index, which represents 40 of the biggest companies listed in Paris, rose 2.7% at the open. The euro, which tumbled after Macron called the snap election on June 9, touched the strongest level against the dollar in more than two weeks. Macron’s Ensemble alliance slumped to a dismal third with 20.76%, according to final results published Monday by France’s Interior Ministry. “The immediate reaction is one of a relief rally.”This is a developing story and will be updated.

Persons: Emmanual Macron, Macron, Le, ” Mohit Kumar, Jefferies, “ Organizations: London CNN, Popular Front, France’s Interior Ministry Locations: Paris, Europe

Washington CNN —President Joe Biden on Monday condemned the Supreme Court’s decision which ruled that presidents have an absolute immunity from prosecution for core official acts, and issued a stern warning over a possible second term for former President Donald Trump. “(With) today’s Supreme Court decision on presidential immunity, that fundamentally changed. Biden repeatedly warned that the limits of the president’s power now solely rest with the holder of the office and the choices that person makes. During Monday’s speech, Biden appeared alert, reading energetically from a teleprompter in the Cross Hall of the White House. Here’s what she said – she said, ‘In every use of official power, the president is now a king above the law.

Persons: Joe Biden, Donald Trump, ” Biden, ”, Trump, Biden, Jack Smith, Justice Department –, Smith, John Roberts, I’ve, –, Donald Trump –, …, he’ll, “, Sonia, Sotomayor’s, ‘, Trump’s, Judge Juan Merchan, John Fritze, Kara Scannell Organizations: Washington CNN, Cross, White, Capitol, Trump, Justice Department, CNN Locations: America, United States, “, New York, Manhattan

☆ Boost returns in your 60/40 portfolio with 'the magnificent others,' AllianceBernstein says
▼ + stars: | 2024-07-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Investors seeking to boost returns in their 60/40 portfolio should look to what AllianceBernstein calls "the magnificent others." "If you're finding companies that are giving you dividend growth rates of anywhere say from 10% to 12%, well north of inflation, that has a nice compounding effect," he said. What makes these dividend-paying stocks appealing is that free cash flow is expected to grow roughly 7% over the next five to six years, he said. Instead, investors should focus on companies that have free cash flow, a strong balance sheet and are competitively positioned, he said. Within dividend-paying names, Czaicki sees three specific areas of opportunity: energy transition and security, supply chain security, and national defense and cybersecurity.

Persons: Walt Czaicki, Czaicki, They're Organizations: Federal Reserve, Tech, Income

☆ Former SEC Chairman Jay Clayton on state of the presidential race
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chairman Jay Clayton on state of the presidential raceFormer SEC Chair Jay Clayton joins 'Squawk Box' to discuss the fallout from the first presidential debate, the state of the presidential race, and more.

Persons: Jay Clayton Organizations: SEC

☆ Russia's former president said the US thinks it won the Cold War but is now on the verge of losing it
▼ + stars: | 2024-07-01 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Russia's former President Dmitry Medvedev said that the US erroneously believes it won the Cold War. "What's more, it is now just one step away from losing it completely," Medvedev added. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia's former President Dmitry Medvedev said the US had erroneously "decided that it had won the Cold War." He added: "What's more, it is now just one step away from losing it completely."

Persons: Dmitry Medvedev, Medvedev, Putin, — Organizations: Service, Russia's Security Locations: St Petersburg

☆ A luxury Viking cruise ship helped scientists encounter the rarely-seen giant phantom jellyfish
▼ + stars: | 2024-07-01 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

The submersible rides were part of a Viking Expedition trip. Hopping in one right from Viking's cruise ship makes things a little easier. AdvertisementSix passengers can ride in Viking Expedition submersibles and witness Antarctica from under the water. An expedition ship built for luxury and discoveryViking Expedition cruises to Antarctica typically have nine scientists aboard doing research and instructing passengers. Stanwell-Smit said this capability is cutting-edge for any research vessel, not a cruise ship.

Persons: —, Antony Gilbert, Damon Stanwell, Smith, Viking's, Octantis, Viking Expedition submersibles, Gavin Newman, Alastair Miller, Smit Organizations: Service, Viking Expedition, Business, Geographic, Viking, Polar Research, Polaris Locations: Viking, Antarctica

☆ Monday, July 1, 2024: The Investing Club breaks down the positive moves in financials after the Fed's stress tests
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: 1 min

Monday, July 1, 2024: The Investing Club breaks down the positive moves in financials after the Fed's stress testsJeff Marks discusses some of the positive moves from financials. Jeff also discusses the analyst calls for this semiconductor stock. Finally, he weighs in on the analyst calls for this pharmaceutical stock.

Persons: Jeff Marks, Jeff Locations: financials

☆ Bitcoin is about to clear a big overhang, and the crypto will recover from its slump to reach $150,000 by year-end, Fundstrat's Tom Lee says
▼ + stars: | 2024-07-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Bitcoin holders will see a huge appreciation in the coin by the end of the year. The crypto is on track to hit $150,000 as it clears an overhang created by Mount Gox repayments, Tom Lee said. Bitcoin has had a strong year so far, hitting a fresh record high before edging lower in recent weeks. AdvertisementBut the impact of repayments will fade, Lee suggested, forecasting another big rally to boost bitcoin through the rest of this year. "Bitcoin's probably suffering from the Mount Gox starting distributions in July.

Persons: Tom Lee, Bitcoin, —, Lee, Gox, Bitcoin's, bitcoin Organizations: Service, bitcoin, Mount, CNBC

☆ Anticipation and Family Members of Some Justices Filled the Court for the Momentous Decision
▼ + stars: | 2024-07-01 | by ( Linda Qiu | More About Linda Qiu | ) www.nytimes.com time to read: +1 min

The tension and sense of anticipation was palpable inside the Supreme Court on Monday morning, as the justices delivered the remaining opinions and some of the most eagerly awaited decisions of the term. It was indeed not the case that most observers inside and outside the court were counting down to: on the scope and limits of presidential immunity. In the audience was Michael Dreeben, a former solicitor general who argued for the government in that case. Mr. Dreeben was greeted by several people before proceedings began, and as the justices spoke on the immunity case, he took notes on a small pad and occasionally twiddled his pen. But he showed little emotion as Chief Justice John G. Roberts Jr. delivered the majority opinion, effectively ruling against him in deciding that presidents have some immunity from criminal prosecution.

Persons: Amy Coney Barrett, Michael Dreeben, Dreeben, John G, Roberts Jr

☆ What the new IRS guidance on crypto tax reporting means for investors
▼ + stars: | 2024-07-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have limited time to prepare, experts say. Mandatory yearly reporting will phase in starting in 2026, with digital currency brokers required to cover gross proceeds from sales in 2025 via Form 1099-DA. In 2027, brokers must include cost basis, or purchase price, for certain digital asset sales for 2026. "These regulations are an important part of the larger effort on high-income individual tax compliance," IRS Commissioner Danny Werfel said in a statement. The new IRS regulations come roughly four months after the agency hired two former crypto executives to improve digital currency service, reporting, compliance and enforcement programs.

Persons: Danny Werfel, Everybody's, James Creech, Baker Tilly Organizations: U.S . Department of, Treasury, IRS, Finance, Taxation, CNBC Locations: U.S

☆ The Rubik’s Cube Turns 50
▼ + stars: | 2024-07-01 | by ( Siobhan Roberts | ) www.nytimes.com time to read: +1 min

A big math conference was underway and Dr. Rokicki, a retired programmer based in Palo Alto, Calif., had helped organize a two-day special session about “serious recreational mathematics” celebrating the 50th anniversary of the Rubik’s Cube. Dr. Rokicki instead recommends the old-fashioned strategy: Set out on a lone path and discover a solving method, even if it takes weeks or months. (It took the computer scientist Donald Knuth less than 12 hours, starting at his dining table in the evening and working straight through to the morning.) Mr. Rubik said that, yes, he indeed did corners-first. Mr. Rubik, who is known to take a philosophical approach to cubology and to life in general, added: “My method was understanding.”‘Cubitus magikia’

Persons: Bright, Tomas Rokicki, Rokicki, Erno Rubik, Rubik, Erik Demaine, Robert Hearn, Mr, Donald Knuth Organizations: Moscone, YouTube Locations: downtown San Francisco, Palo Alto, Calif, videoconference, Spain, Hungarian, Portola Valley

☆ Lauren Boebert admits the shiny gold Trump sneakers she wore after her Colorado primary win were 'very China' counterfeits
▼ + stars: | 2024-07-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Lauren Boebert was seen sporting a pair of Trump sneakers at her election watch party last week. But the Colorado Republican said the flamboyant footwear she wore wasn't the real deal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Colorado Republican was seen sporting a pair of golden Trump sneakers at an election watch party on Tuesday. Boebert, who switched from Colorado's 3rd congressional District to the 4th congressional District, won the GOP primary for the constituency.

Persons: Lauren Boebert, Boebert, —, Donald Trump, couldn't Organizations: Trump, Colorado Republican, Service, District, GOP Locations: China

☆ How Japan's priciest mushrooms fuel the global shiitake industry
▼ + stars: | 2024-07-01 | by ( Sarah Elkasaby | ) www.businessinsider.com time to read: 1 min

Japan is one of the leading producers of shiitake mushrooms. In the US, indoor-grown shiitakes sell for upwards of $8 a pound, while forest-grown shiitakes have commanded a much higher price, up to $18 a pound. The most premium shiitake mushrooms are called white flower shiitake, and the forest-grown versions can sell for over $160 a pound. White flower shiitakes have noticeable white cracks on the caps and a strong flavor, but even just a few drops of rain can ruin them. Here's why forest-grown shiitake mushrooms are so expensive.

Organizations: Business Locations: Japan

☆ The Week After the Debate
▼ + stars: | 2024-07-01 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

Whatever its ultimate effect on the campaign, the first presidential debate of 2024 certainly did not cast the United States in a favorable light. It featured two elderly men — one 81, one 78 — who insulted each other and who most Americans wished were not the two major-party candidates for president. The other struggled at times to describe his own policies or complete his sentences. “I am worried about the image projected to the outside world,” Sergey Radchenko, a historian at the Johns Hopkins School of Advanced International Studies, wrote on social media. “It’s important to manage one’s ride into the sunset,” Sikorski tweeted.

Persons: doddering, Sergey Radchenko, ” Radoslaw Sikorski, Biden’s, Marcus Aurelius ’, ” Sikorski Organizations: Johns Hopkins School, International Locations: United States, U.S, China, Russia, Iran, “, Rome

☆ Millennials are ‘very ill-prepared’ to be the richest generation in history, wealth manager says
▼ + stars: | 2024-07-01 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Millennials are poised to be the wealthiest generation in history, but are they ready to handle the large inflow of money? A vast $90 trillion wealth transfer over the next 20 years will likely make millennials "the richest generation in history," according to estimates from global real estate consultancy Knight Frank. "The millennials are very ill prepared … they're not as well prepared as the wealth creating generation," Salvatore Buscemi, co-founder and managing partner of multi-family office Brahmin Partners told CNBC. "They don't have the skill sets earlier on to be able to do that because they never had to - they were never pushed," he said. "And the problem is - are they going to be motivated later in life to push themselves to acquire these skill sets?"

Persons: Knight Frank, —, Salvatore Buscemi, Buscemi Organizations: Partners, CNBC

☆ ‘We will not enlist:’ Ultra-Orthodox in Israel vow to defy orders to serve in the military
▼ + stars: | 2024-07-01 | by ( Jo Shelley | Mike Schwartz | ) edition.cnn.com time to read: +9 min

An arrangement made during Israel’s founding exempted several hundred Haredi men from conscription. However, the community has since grown exponentially, allowing tens of thousands of ultra-Orthodox men to now avoid the draft. We will die rather than be enlisted.”Israeli security forces deploy in Jerusalem's Mea Sharim neighborhood on Saturday ahead of a protest by ultra-Orthodox men. Some lawmakers in Netanyahu’s own coalition have joined the opposition in pushing for the Haredi community to enlist. “So it could be that we see that sort of process for a large number of ultra-Orthodox men.

Persons: Benjamin Netanyahu, ”, Yosef, …, “, Ahmad Gharabli, Yitzhak Goldknopf, Yanki Farber, —, they’re, Farber, ’, IDF “, ” Amichai, “ I’d Organizations: Jerusalem CNN, Beitar, West Bank, “, Court, Getty, CNN, Israel Defense Forces, Israel, Forum, IDF, Likud, Ministry of Defense, dodgers Locations: Jerusalem, Beitar Illit, Israel, AFP, Gaza, ”

☆ Stock market today: Indexes rise and bond yields soar as 2nd half of the year kicks off
▼ + stars: | 2024-07-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The 10-year Treasury yield spiked 13 basis points to 4.479%. AdvertisementUS stocks ended higher on Monday to start the second half of the year, rising even as bond yields soared during the session. Meanwhile, shifting outlooks on the US election have added uncertainty to the bond market, and yields on the 10-year Treasury surgedon Monday. The 10-year Treasury yield spiked 12 basis points to 4.469%. Among individual stock movers on Monday, Chewy whiplashed after meme-trading legend Keith Gill disclosed a $245 million stake in the company.

Persons: —, Stocks, surgedon, Joe Biden, Donald Trump, Goldman Sachs, Jerome Powell, John Williams, Chewy, Keith Gill Organizations: Treasury, Service, Nasdaq, Federal Reserve, Trump, Traders, Federal Locations: France

☆ The only way Biden would reverse course is if he's offered a 'dignified' way out: report
▼ + stars: | 2024-07-01 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSome Democrats working for President Joe Biden believe he would only step aside for another candidate if he was afforded a "dignified way out," according to The New York Times. Related storiesAnother anonymous source told The Times that Biden's son, Hunter Biden, recently convicted of three felony charges, was among the strongest voices encouraging his father to stay in the race. Klain, however, told The Times that it was certain that Biden would stay in the race.

Persons: —, Joe Biden, Biden, Donald Trump, David, Hunter Biden, Jill Biden, Anita Dunn, Bob Bauer, Ron Klain, Klain Organizations: Service, The New York Times, Times, Business, The Times, Trump, White House, Democratic, CBS

☆ 'House of the Dragon' just introduced a big-mouthed new character — but he's probably going to be important later on
▼ + stars: | 2024-07-01 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Spoilers ahead for "House of the Dragon" season two, episode three, and the book "Fire and Blood." We're probably going to be seeing a lot more of Ulf in "House of the Dragon," depending on how closely it follows "Fire and Blood," George R.R. Ulf fought alongside other dragon riders like Hugh Hammer in the Battle of the Gullet, a pivotal sea battle during the war. According to Mushroom's historical account in "Fire and Blood," Ulf descended into hedonism, raping multiple women in Tumbleton each night and constantly drinking. But the fight came to Tumbleton when Addam Velaryon (previously Addam of Hull), another dragon rider, attacked the city on his dragon Seasmoke.

Persons: —, Ulf, there's, We're, George R.R, Baelon, King Jaehaerys, Dorne, coy, Jaehaerys, Daemon Targaryen, King Viserys, Rhaenyra, Jacaerys Velaryon, Jacaerys, Silverwing, Alysanne, Ulf White, Hugh Hammer, Hugh, Lord Stokeworth, Ormund Hightower, Prince Daeron, Bitterbridge, House Tyrell, Addam Velaryon, Daeron, Hobert Hightower, Ulf — Organizations: Service, Business, Aegon, King's Locations: Westeros, Tumbleton, Hull

☆ France’s far right may be on the brink of power after Macron’s gamble backfired. Here’s what comes next
▼ + stars: | 2024-07-01 | by ( Saskya Vandoorne | Camille Knight | ) edition.cnn.com time to read: +5 min

French President Emmanuel Macron’s centrist alliance was crushed on Sunday after the far-right National Rally (RN) party surged in the first round of the country’s parliamentary elections. It would then become the first far-right party to enter the French government since World War II – although nothing is certain ahead of Sunday’s second round. “Tonight is not a night like any other,” Prime Minister Gabriel Attal said solemnly in an address to the French. The left-wing New Popular Front has announced that it will withdraw all candidates who came in third to help prevent far-right candidates from getting elected. A loss would force Macron to nominate a prime minister from whichever party wins – putting a political opponent in charge of running the government.

Persons: Emmanuel Macron’s, Gabriel Attal, It’s, “, Italy’s Giorgia, Hungary’s Viktor Orban, Vladmir Putin, Le Pen, Vladimir Putin, Macron, Jordan Bardella, Bardella Organizations: Paris CNN, New, Ensemble, ”, European Union, Russian, NATO, National Assembly Locations: Sunday’s, Europe, Ukraine, Russian, France

☆ The latest episode of 'House of the Dragon' introduces Alys Rivers. Here's why she is important and what happens to her.
▼ + stars: | 2024-07-01 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

The latest episode of "House of the Dragon" introduces another key character for the upcoming civil war. The key character appears to be Alys Rivers, a witch who can see the future. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarning: Spoilers ahead for "House of the Dragon" season two, episode three, and for the book "Fire and Blood." The latest "House of the Dragon" episode may have introduced another figure who will be key in the upcoming "Dance of the Dragons" civil war.

Persons: —, Daemon Targaryen Organizations: Service, Dragons, Business Locations: Alys

☆ The economy could be 'skittish' nearing the election, says Jefferies' David Zervos
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy could be 'skittish' nearing the election, says Jefferies' David ZervosHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Jefferies, David Zervos, Brian Sullivan, “ Organizations: CNBC

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