AI Summary
5 min readWall Street’s Tech Selloff Goes Global
The tech-driven sell-off that began on Wall Street is now in its second day and spreading across global markets, as investors reassess the enormous costs tied to artificial intelligence. Asian markets opened sharply lower Tuesday morning after South Korea’s Kospi index tumbled 10%, driven by losses in major chipmakers including Samsung. European markets followed suit, with ASML — Europe’s most valuable company — retreating 5%. U.S. futures point to another down day, with Alphabet, Nvidia, and Oracle all falling in pre-market trading. The sell-off comes as investors weigh the continued decline in SpaceX shares since its blockbuster IPO ten days ago, adding another layer of uncertainty to an already jittery market.
Pentagon Pushes for $80 Billion More in Iran War Funding
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What you'll learn
- 1 (01:17) **Tech-Fueled Global Selloff Continues** - Investor concerns over AI costs and the SpaceX IPO downturn drag markets lower for a second day.
- 2 (02:01) **Pentagon Pushes for $80 Billion in Iran War Funding** - Defense Secretary Hegseth urges lawmakers to commit more funding as talks to end the conflict continue.
- 3 (02:43) **ABC Fights FCC with On-Air Campaign** - The network urges viewers to oppose FCC reviews of its broadcast licenses and a probe of "The View."
- 4 (03:37) **Primary Day in Four States** - Maryland, Utah, New York, and South Carolina hold primaries.
- 5 (04:23) **Nine-Figure CEO Pay Packages Surge** - More CEOs crossed the $100 million pay threshold in 2025 than any year since 2021.
- 6 (06:43) **Rethinking Housing Construction to Address Shortage** - A look at modular and off-site building as solutions to labour shortages and high costs.
- 7 (09:08) **Are New Construction Technologies Worth the Hype?** - Housing reporter Nicole Friedman discusses the state of innovation in homebuilding.
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Show Notes
A.M. Edition for June 23. Monday's tech-driven market slide is accelerating, prompted by concerns around Big Tech’s AI spending plans and looming rate hikes. Plus, the Pentagon tries to drum up support on Capitol Hill for $80 billion more to fund the Iran war. And just a year after nine-figure compensation packages seemed to be fading, our annual CEO pay ranking shows the $100-million-plus salary is back with a bang. Luke Vargas hosts.
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