Your Daily Update

June 25, 2026

May PCE Hit 4.1 Percent, Micron Printed $41.46 Billion After the Bell, and the Notes Still Settle Friday

Thursday’s Daily Update — twenty-four stories on BEA’s 8:30 table, an after-hours memory beat, a $70.34 barrel, Grossi’s modalities, and a 4–2 series finale.

AI Overview

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The briefing is short. Your takes don’t have to be.

BEA’s May PCE print is in at 8:30 Eastern — 4.1 percent year over year, core 3.4 percent — while Micron’s after-hours $41.46 billion release is not Thursday’s cash close, SpaceX’s $25 billion notes still settle Friday, and Grossi’s Japan sentence that inspections will happen sits next to Gharibabadi’s final-agreement clock.

BEA 8:30 ET (5:30 PT, inside this cutoff): May PCE +0.4% m/m, +4.1% y/y; core +0.3% / +3.4%; income and spending +0.7%; real PCE +0.3%; saving rate 3.0%. Thursday specialists sit at 9:30 Eastern, after this edition.
Wednesday cash, AP: S&P 7,358.22 −0.1%; Dow 51,848.90 +0.4%; Nasdaq 25,476.64 −0.4%; Russell 2,986.63 +0.4%. Microsoft −2.3% the heaviest weight. SPCX $154.54, L $150.72. Notes priced June 23, expected settle June 26 — not closed.
Micron after the bell: FQ3 revenue $41.46B vs ~$35.85B, adj. EPS $25.11 vs ~$20.78, Q4 ~$50B ±$1B. Reuters: $22B customer supply locks; shares +12% to +15% after hours. That is not a Thursday close.
Grossi in Japan: inspections will take place; modalities soon. Gharibabadi: attacked-site access only in a final; no Switzerland meeting. Reuters: U.S. said ~20 million barrels exited Hormuz in 24 hours. Wright’s mines still geography. WTI $70.34 −3.9%; Brent $73.74 −4.3%.
Cursor still Q3. Apple still has no foundry 8-K. Ivanti Sentry is an eleventh morning past June 14. Nara lots stay stop-use. Flex gas still 1 percent through June 30.
Yankees 4–2 Tigers Wednesday: 6:40, attendance 23,567, Goldschmidt 372 and 427, Domínguez 382 two-run, Skubal 3–4, Weathers 3–5, Bednar SV16. Series to New York. Tuesday’s 4–3 is prior.

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