OpenAI Proposes 5% Government Stake, Apple Turns to Blacklisted Chinese Chips

The Rundown · Jul 2, 2026 · 10m

Market update for Thursday July 3, 2026

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In today’s episode, Zaid covers:

What a WEAK June jobs report could mean for the Fed

Why Apple is looking to buy memory chips from blacklisted Chinese companies

Sam Altman's pitch to hand the U.S. government a 5% stake in OpenAI

Palantir rallying on its Nvidia partnership and a fresh analyst upgrade

Bending Spoons cools after its big IPO debut

Why this year’s Fourth of July barbecue is…