{"id":68453,"date":"2023-06-06T08:56:28","date_gmt":"2023-06-06T12:56:28","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=68453"},"modified":"2023-06-06T08:59:08","modified_gmt":"2023-06-06T12:59:08","slug":"coffee-with-greta-coin-in-trouble","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/06\/06\/coffee-with-greta-coin-in-trouble\/","title":{"rendered":"Coffee With Greta: COIN In Trouble"},"content":{"rendered":"

Register now <\/a><\/strong>for my free Q&A event with David Prince on LinkedIn tomorrow!<\/strong><\/p>\n

DJIA Futures: <\/b>-25 (-0.1%)<\/span><\/p>\n

SPX Futures: <\/b>-3 (-0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-18 (-0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are slipping as the recent market rally takes a breather.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

SEC Sues Coinbase<\/span><\/h2>\n

Coinbase <\/b>(COIN) shares are tumbling 15.6% ahead of the open after the SEC sued the crypto exchange in New York federal court this morning.\u00a0<\/span><\/p>\n

The regulator alleges that Coinbase is acting as an unregistered broker and exchange.\u00a0<\/span><\/p>\n

The SEC demanded the company be \u201cpermanently restrained and enjoined\u201d from continuing to operate in that manner.\u00a0<\/span><\/p>\n

The case comes after the SEC sued rival crypto exchange Binance and its CEO on Monday.\u00a0<\/span><\/p>\n

The suit says Coinbase \u201chas for years defied the regulatory structures and evaded the disclosure requirements\u201d of U.S. securities law.<\/span><\/p>\n

SEC chair Gary Gensler said, \u201cWe allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions.\u201d<\/span><\/p>\n

Apple Dips After Big VR Reveal<\/span><\/h2>\n

Apple <\/b>(AAPL) shares are down 0.4% in premarket trade after announcing a new virtual reality headset on Monday.\u00a0<\/span><\/p>\n

The stock hit a record high of $184.95 earlier in Monday\u2019s session, before the highly-anticipated announcement at the Worldwide Developers Conference.\u00a0<\/span><\/p>\n

Apple\u2019s unveiled its first virtual reality headset, the Apple Vision Pro, which costs $3500 and will be available starting in early 2024.\u00a0<\/span><\/p>\n

The company also announced iOS 17, watchOS 10, a new Macbook Air, a new Mac Pro with an its first in-house chip, and more.\u00a0<\/span><\/p>\n

Oil Prices Fall On Economic Fears<\/span><\/h2>\n

Oil prices are falling this morning as fresh fears about the economy overshadow the Saudi plan to cut output.\u00a0<\/span><\/p>\n

West Texas Intermediate crude futures are down 2.1% at $70.62 bbl while Brent crude futures are down 1.9% at $75.22 bbl.\u00a0<\/span><\/p>\n

Analysts said Saudi Arabia\u2019s plan to cut its output by 1 million barrels per day is unlikely to cause a \u201csustainable price increase\u201d amid weaker demand, stronger non-OPEC supply, and potential recessions across the globe.\u00a0<\/span><\/p>\n

The U.S. Energy Information Administration is set to release its short-term energy outlook this afternoon.\u00a0<\/span><\/p>\n

In Case You Missed It<\/span><\/h2>\n
    \n
  • The services side of the U.S. economy slowed more than expected last month. The ISM services PMI fell to 50.3% in May from 51.9% in April. That marked a five-month low and was weaker than expectations for 51.8%. Business owners say \u2018Everything seems to have leveled off. Not getting any worse, not getting any better.\u2019<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Register now for my free Q&A event with David Prince on LinkedIn tomorrow! DJIA Futures: -25 (-0.1%) SPX Futures: -3 (-0.1%) NASDAQ Futures: -18 (-0.1%) Good morning friends! Futures are slipping as the recent market rally takes a breather. Let\u2019s get right to it! SEC Sues Coinbase Coinbase (COIN) shares are tumbling 15.6% ahead of the open after the SEC sued the crypto exchange in New York federal court this morning.\u00a0 The regulator alleges that Coinbase is acting as an unregistered broker and exchange.\u00a0 The SEC demanded the company be \u201cpermanently restrained and enjoined\u201d from continuing to operate in that manner.\u00a0 The case comes after the SEC sued rival crypto exchange Binance and its CEO on Monday.\u00a0 The suit says Coinbase \u201chas for years defied the regulatory structures and evaded the disclosure requirements\u201d of U.S. securities law. SEC chair Gary Gensler said, \u201cWe allege that Coinbase, despite being subject to the securities laws, commingled and unlawfully offered exchange, broker-dealer, and clearinghouse functions.\u201d Apple Dips After Big VR Reveal Apple (AAPL) shares are down 0.4% in premarket trade after announcing a new virtual reality headset on Monday.\u00a0 The stock hit a record high of $184.95 earlier in Monday\u2019s session, before the highly-anticipated announcement at the Worldwide Developers Conference.\u00a0 Apple\u2019s unveiled its first virtual reality headset, the Apple Vision Pro, which costs $3500 and will be available starting in early 2024.\u00a0 The company also announced iOS 17, watchOS 10, a new Macbook Air, a new Mac Pro with an its first in-house chip, and more.\u00a0 Oil Prices Fall On Economic Fears Oil prices are falling this morning as fresh fears about the economy overshadow the Saudi plan to cut output.\u00a0 West Texas Intermediate crude futures are down 2.1% at $70.62 bbl while Brent crude futures are down 1.9% at $75.22 bbl.\u00a0 Analysts said Saudi Arabia\u2019s plan to cut its output by 1 million barrels per day is unlikely to cause a \u201csustainable price increase\u201d amid weaker demand, stronger non-OPEC supply, and potential recessions across the globe.\u00a0 The U.S. Energy Information Administration is set to release its short-term energy outlook this afternoon.\u00a0 In Case You Missed It The services side of the U.S. economy slowed more than expected last month. The ISM services PMI fell to 50.3% in May from 51.9% in April. That marked a five-month low and was weaker than expectations for 51.8%. Business owners say \u2018Everything seems to have leveled off. Not getting any worse, not getting any better.\u2019<\/p>\n","protected":false},"author":41,"featured_media":68461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-68453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=68453"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68453\/revisions"}],"predecessor-version":[{"id":68463,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68453\/revisions\/68463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/68461"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=68453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=68453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=68453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}