Trump and Musk openly quarrel, market stabilizes on jobs report

Background information: The public dispute between US President Trump and technology billionaire Elon Musk has become the focus recently, but investors are more concerned about the better-than-expected employment report. Main events: 1. The relationship between Trump and Musk has cracked, caused by Musk's criticism of Trump's "a big, beautiful bill", especially the bill's cuts in electric vehicle tax credits and failure to effectively control government spending. 2. Musk and Trump's dispute is mainly carried out through social media, with Trump speaking on Truth Social and Musk responding on the X platform. 3. Despite the fierce political disputes, the market reaction was relatively stable, with Tesla's stock price falling 14%, but the S&P 500 and Nasdaq indexes only falling slightly. 4. With the better-than-expected May employment report, the market rebounded on Friday, with the S&P 500 rising 1.1% and the Nasdaq rising 1.4%. 5. Trump plans to sell the red Tesla in his White House fleet. The two sides currently have no plans to call, and government contract issues may affect the relationship between the two sides. Potential impact: As the midterm elections approach, the relationship between Trump and Musk may affect political and business cooperation, and the market's immunity to political drama seems to be increasing. Whether the two sides will reconcile in the future remains to be seen. Special note: The content of this article is excerpted from the Forward Guidance newsletter and contains relevant information from the CoinWorld.