Trump will not be charged for waving around classified papers, judge says

Good Morning,

Trump will not be charged for waving around classified papers, judge says, Apple is to boost its Siri voice assistant and operating systems with OpenAI's ChatGPT as it seeks to catch up in the AI race, and The housing market in the second half of 2024, according to real estate experts: interest rates are expected to come down, but not by enough to counteract high prices.

Let's jump in.

Before The Bell

Markets

• Asian stocks were in a guarded mood on Tuesday as investors pondered fresh political uncertainty in European markets after right-wing gains in elections and a snap poll in France revived concerns about the cohesion of the bloc. (Reuters).

• The housing market in the second half of 2024, according to real estate experts: interest rates are expected to come down, but not by enough to counteract high prices. (CNBC).

• Britain's labour market showed more signs of cooling in April as the unemployment rate rose, an awkward development for Prime Minister Rishi Sunak ahead of the July 4 election, despite another month of strong wage growth. (Reuters).

Earnings and Data

• ANGLE Full Year 2023 Earnings: EPS Exceeds Loss Expectations. (Yahoo).

News Summary

• A donations page has been set up for a Napier family with one-year-old quadruplets whose stay-at-home dad died on Sunday. (Herald).

• A Christchurch ye surgeon jailed for trying to murder his landlord was in a relationship with a district court judge at the time, it can finally be revealed. (Herald).

• Police are at the scene of an unfolding incident in the Waikanae Beach region of the Kāpiti Coast, one person has died after a suspected stabbing. (Stuff).

• Police are offering $80,000 for information that leads to the safe return of a wanted man’s three children. (Stuff).

• Australia’s population is growing at an “eye-watering” pace of 13,148 people per week, with immigration accounting for more than 80 per cent of the record increase. (NCA).

• Israel vows to press on in Gaza after UN Security Council approves ceasefire proposal. (9 News).

• Apple is to boost its Siri voice assistant and operating systems with OpenAI's ChatGPT as it seeks to catch up in the AI race. (BBC).

• Singapore Airlines has offered to pay compensation to those who were injured on a London to Singapore flight that encountered severe turbulence. (BBC).

• Trump will not be charged for waving around classified papers, judge says. (Guardian).

• Four US college instructors teaching in China have been stabbed while visiting a public park, US officials have said. (Guardian).

Deal Flow

Investments / M&A

• The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. (Reuters).

• Buyout firm Apollo Global and Kyndryl Holdings, the information technology services provider that was spun out of IBM, are in talks about a joint bid for DXC Technology, people familiar with the matter said on Monday. (Reuters).

Equity Raises

• The owner of South Australian wine brands Nepenthe and Barossa Valley Wine Company will raise substantial capital to stay afloat amid a challenging wine market. (IN).

Debt

• There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy. (CNBC).

Daily Picks

• Police are at the scene of an unfolding incident in the Waikanae Beach region of the Kāpiti Coast, one person has died after a suspected stabbing. (Stuff).

• Trump will not be charged for waving around classified papers, judge says. (Guardian).

• Singapore Airlines has offered to pay compensation to those who were injured on a London to Singapore flight that encountered severe turbulence. (BBC).

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