U.S. Stocks Mixed After Senate Passes Megabill

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6 • 631 Ratings

🗓️ 1 July 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After squeaking through the chamber, President Trump’s tax-and-spending bill now goes back to the House. Plus: Tensions between Trump and Elon Musk flare again, sending Tesla shares skidding. And AMC Entertainment reaches an agreement with creditors to reduce debt and secure new financing. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.1	18 plus subscription required.
0:28.6	Teas and Cs apply.
0:34.1	Here's your closing bell brief for Tuesday, July 1st.
0:40.3	I'm Danny Lewis for the Wall Street Journal. U.S. stock indexes were mixed after Republicans squeaked President Trump's tax and spending
0:45.0	megabill through the Senate.
0:47.0	The Dow Jones Industrial Average rose 400 points to close at 44,495.
0:52.7	The S&P fell seven points, and the NASDAQ lost 167 points. Senate Republicans
0:59.0	capped a 26-hour-plus legislative marathon by passing Trump's megabill with a tiebreaker
1:04.5	vote by Vice President J.D. Vance. The move puts Republicans on the verge of locking in
1:09.7	extended tax cuts, reductions in Medicaid spending, and more money for defense and border enforcement.
1:15.9	But the reworked bill must first pass another vote in the House.
1:19.6	One winner after the bill's passage was the transport sector, as trucking and logistics companies rallied on hopes the legislation could spur demand.
1:27.5	Shares in Ryder System rose more than 6%.
1:30.0	J.B. Hunt Transport Services gained 5.2%.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.