Market update for Thursday June 11th Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: A hot PPI inflation report and escalation with Iran Oracle&#x27;s monster quarter that still sent the stock tumbling OpenAI weighing drastic price cuts as an AI price war brews with Anthropic Navan soars on earnings while Beijing slaps down Alibaba and JD.com Why World Cup ticket prices are falling

Oracle Sinks on Debt Fears, OpenAI Weighs Drastic Price Cuts 

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Thursday, June 11th. In today's episode, we'll break down the latest escalation in the Iran war and another hot inflation report. We'll also tell you why Oracle stock is dropping despite strong earnings and why OpenAI is considering slashing its prices.

Then stick around to the end of the show to find out why World Cup ticket scalpers are about to lose big. We got a great show for you today. Let's go. Markets took another step down on Wednesday. The S&P 500 dropped 1.6%, closing at its lowest level in five weeks, and the Nasdaq was even worse. It fell 2%. You know, I think there are a couple of things going on here. For one, chip and AI stocks just continue to get dragged down.

The stock semiconductor ETF was down 3.7% yesterday, and it's now down 12% from its highs from last week. And it also seems like the AI sell-off is spreading to other sectors. The industrial sector was the worst performing on Wednesday, down 3.4%. See, a lot of these industrial companies have been riding the data center build-out wave. For example, Caterpillar, which makes construction equipment. Their stock has more than doubled over the last year, but shares were down more than 6% yesterday.

So we're starting to see more parts of the AI trade starting to unwind. But beyond just AI, I think the market is also paying attention to what's happening in the Middle East again. Things are escalating between the U.S. and Iran. The two sides have now exchanged fire for the second straight day. And then this morning, President Trump posted on Truth Social that the U.S.

Oracle Sinks on Debt Fears, OpenAI Weighs Drastic Price Cuts

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Oracle Sinks on Debt Fears, OpenAI Weighs Drastic Price Cuts

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.