Saturday, June 7, 2025

Good morning! On this day in 1976, New York Magazine published Tribal Rites of the New Saturday Night, the article that inspired the blockbuster 1977 John Travolta movie Saturday Night Fever.

Speaking of blockbusters, Tom Cruise set a world record while filming Mission: Impossible—The Final Reckoning. It involved jumping from a helicopter with a burning parachute. See all the details and the stunt below.

We’re sponsored today by ConsumerDirect with a pre-IPO investment opportunity you won’t want to miss.

Russia Launches Retaliatory Strike on Ukraine

Russia launched large-scale drone and missile attacks on Ukraine Friday, striking Kyiv, Lutsk, and the Ternopil region, killing at least three people and injuring 49.

The offensive lasted for several hours, involving a reported 407 Russian drones and 44 ballistic and cruise missiles. Ukrainian forces shot down 30 of the cruise missiles and up to 200 of the drones, officials confirmed.

Russia’s Defense Ministry said it used long-range precision weapons to strike Ukrainian military targets, including arms depots, drone factories, and repair facilities.

The strikes followed a warning from Russian President Vladimir Putin, relayed through President Trump, that Russia would retaliate after Ukrainian drones destroyed strategic bombers deep inside Russian territory last week.

U.S. Economy Adds 139,000 Jobs

The U.S. economy added 139,000 jobs in May, surpassing expectations, while the unemployment rate remained unchanged at 4.2% for the third consecutive month, according to the latest jobs report.

Health care led May’s job growth with 62,000 new positions, followed by hospitality, which added 48,000 jobs, reflecting continued strength in service-related sectors.

Average hourly earnings also rose 15 cents to $36.24, pushing the annual wage growth rate from 3.8% to 3.9%.

Economists expect the Fed to hold interest rates steady, citing concerns over tariff-driven inflation despite strong job growth, steady unemployment, and continued economic resilience.

Triple Crown Finale

Preakness winner Journalism enters today’s Belmont Stakes as the early favorite, challenging Kentucky Derby winner Sovereignty and the race’s other top finisher, Baeza, in a highly anticipated showdown.

Only eight horses will run the 1 1/4-mile track in today’s Belmont Stakes at Saratoga, marking the second straight year the race has been held there while the 1 1/2-mile Belmont Park undergoes renovations.

Rodriquez, listed at 6-to-1 odds, could be a strong upset pick, having won both starts with at least five weeks of rest since turning 3. He last raced on April 5.

This is the final race of the 2025 Triple Crown season and features a $2 million purse, with $1.2 million awarded to the winner. See the 2025 Belmont Stakes field here.

The following stories are featured exclusively on The Flyover Podcast—a daily show that gives you the most important headlines in under 15 minutes, straight from the heart of the country.

➤ Millennials and Gen Z are abandoning smartphones in a growing trend that has a clever name. (Hear More)

➤ A Connecticut teen’s excuse for driving at 132 mph and eluding police wasn’t good enough to prevent multiple charges. (Listen Now)

➤ Smoke from hundreds of Canadian wildfires has gone transatlantic, reaching parts of Europe and western Russia. (Podcast Available)

➤ Treasury Sec. Scott Bessent and top Trump administration officials will meet with Chinese counterparts in London on Monday for renewed trade talks, President Trump announced Friday. (More)

➤ A federal judge blocked the Trump administration’s ban on foreign students at Harvard, siding with the university’s claim that the policy was unconstitutional and threatened over 7,000 visa holders. (More)

➤ Immigration and Customs Enforcement arrests have surpassed 100,000, with daily arrests now exceeding 2,000 as officials intensify enforcement in courthouses, worksites, and communities nationwide. (More)

➤ Kilmar Abrego Garcia, an alleged MS-13 member deported to El Salvador, is returning to the U.S. to face federal human trafficking charges, Attorney General Pam Bondi announced Friday. (More)

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The Secret to a $169B Net Worth

Warren Buffett says a “great business is the one that takes very little capital and grows a lot.” Well, this couldn’t describe ConsumerDirect any better.

Since 2003, they’ve bootstrapped to $100M+ in gross revenue in 2024 alone, building a profitable business that’s growing fast. All without outside venture capital or private equity.

Their secret? Helping address the $130B Americans overpay on loans and other financial products each year by providing them with access to the right tools and knowledge6. No wonder ConsumerDirect’s credit-maximizing tools have more than 300K monthly active users.

Now, after reserving the ticker symbol CNDR24, they’re preparing for a potential public listing. And given their bootstrapped, employee-owned story, they’re turning to everyday investors instead of VCs.

Invest in ConsumerDirect and share in their growth as they prepare for future milestones.

➤ No. 2-ranked Coco Gauff plays No. 1-ranked Aryna Sabalenka in the French Open final today. The pair has a 5-5 career record against each other. (More)

➤ Chicago White Sox owner Jerry Reinsdorf is selling the team to billionaire investor Justin Ishbia, ending his nearly 50-year tenure as the club’s head. (More)

➤ The Florida Panthers faced off against the Edmonton Oilers last night in Game 2 of the Stanley Cup Finals. (See Score)

➤ Four-time NFL MVP Aaron Rodgers has signed with the Pittsburgh Steelers after months of mulling retirement. The 41-year-old quarterback hopes to rebound after an unremarkable 2024-25 season with the New York Jets. (More)

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Daily Market Report 06/06/2025

▲	NASDAQ National Association of Securities Dealers Automated Quotations	19,529.95	1.20%
▲	SPX S&P 500	6,000.36	1.03%
▲	DJI Dow Jones Industrial Average	42,762.87	1.05%
▲	BTC Bitcoin	$104,444.97	2.82%
▼	GOLD Per Ounce	$3,331.50	-0.57%

Bitcoin and gold are traded 24 hours a day.

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Credit Where Credit’s Due

Private companies usually invite investors to pave the road to profits. ConsumerDirect is already there. That’s why this investment opportunity is helping take steps toward a potential public listing.

Since 2003, ConsumerDirect has quietly reshaped personal finance, adding a combined 28.3M points to user credit scores and saving approximately $3B – all while earning $102M in gross revenue and $10M in EBITDA in 2024 alone. Even more impressive? They reached profitability without outside venture capital or private equity.

ConsumerDirect has already reserved the ticker symbol CNDR24. But since they’re fully bootstrapped, they need to fill out their cap table to meet the shareholder requirements to list on a national public securities exchange. That’s why they’re inviting you to be a part of it as an investor.

Join ConsumerDirect’s journey to a potential public listing now.

This is a paid advertisement for Consumer Direct’s CF offering. Please read the offering circular at https://invest.consumerdirect.com/. Reserving the ticker symbol is not a guarantee that the company will go public. Listing on a national securities exchange is subject to approvals. Important details available in disclosures #1, #6, #7, #8, #12, #17 & #24, of the attached link: https://bit.ly/3YApFU6

Today’s Rotator section is brought to you by:

➤ Spanish police announced Friday that a multinational force dismantled an international cocaine ring that used an abandoned shipwreck to refuel high-speed “narco boats” smuggling drugs from South America to the Canary Islands. (More)

➤ Israel recovered the bodies of Israeli-American hostages Judi Lynn Weinstein and Gad Haggai, killed in Hamas’ Oct. 7, 2023, attack, during a special multiagency recovery mission. (More)

➤ Also in Israel, officials have confirmed that Israel won’t strike Iran’s nuclear facilities unless President Trump signals negotiations with Iran have failed. (More)

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The Strong Spice That Stops Ear Ringing.

➤ Hooters, a once-popular nationwide casual dining chain that filed for bankruptcy in March, announced it will close at least 30 company-owned locations, citing a slump in “consumer sentiment.” (More)

➤ Swimmers at a Mexican beach ignored warnings and were engulfed by a powerful wave driven by Tropical Storm Alvin. (See Wave)

➤ Tom Cruise earned his second Guinness World Record while filming Mission: Impossible—The Final Reckoning, completing 16 burning parachute jumps with a fuel-soaked, flaming chute. (See Stunt)

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