Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

From political punches to a whiskey hangover and a crypto high, today is Friday, June 6th.

I'm Julie Morgan.

Brown foreman clocked his worst trading session on Thursday after the Jack Daniels maker issued

subdued guidance amid tariff uncertainty and weaker consumer spending. CEO Lawson Whiting said

it's the same big three, the GLP ones, cannabis, and Gen Z, and we've been saying that for a year

and a half now. He went on to say that he would still argue that it's the consumer and their wallet

just doesn't have as much money in it, adding that when people go to the grocery store,

in some cases, spirits has fallen out of the basket a little bit.

Brown Foreman shares sank nearly 18% on Thursday in their biggest single-day drop after disappointing Q4

results in fiscal year 26 guidance. The company expects its operating environment to remain volatile,

creating sustained levels of consumer uncertainty that will likely lead to another year of below

historical trends.

On the plus side, Whiting said spirits continued to take market share from beer and wine.

A bromance gone bad, the billionaire battle, and a chaotic public breakup.

These are just some of the ways the public feud between Elon Musk and President Trump

that erupted between them on Thursday has been described. This is an update to our top story on

Wall Street lunch with Kim Con on Thursday. Political reported that White House aides have scheduled a

call with the world's richest man on Friday. Their clash escalated when the president

threatened to terminate Musk government contracts leading to a 14% drop in Tesla's shares on Thursday.

The feud grew heated enough to raise concerns among allies, prompting figures like hedge fund

manager Bill Ackman to step in and help defuse the situation. Musk for his part

...