Morning Brief anchor Brad Smith breaks down the latest financial news for July 1, 2025. President Trump threatened Tesla and SpaceX CEO Elon Musk with withdrawing government subsidies after Musk criticized the "big, beautiful bill." Trump also threatened to proceed with ramping up tariffs on Japan over rice and car exports as the White House looks to finalize deals ahead of a July 9 deadline. #youtube #investing #news About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance