Trump’s Big Beautiful Bill, Eurozone Wobbles, and a Bitcoin Whale Awakens: PALvatar Market Recap, July 4 2025
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Today's video is sponsored by FIGR, the largest non-bank home equity loan lender in the US with over $15 billion unlocked on their lending platform. They're now in the crypto-backed loan space and offering industry low interest rates when you use your Bitcoin as collateral to get cash. Access interest rates starting at 9.9%, the lowest fixed rate in the industry,

50% LTVs. Whether you're funding a major purchase like a down payment on a home, investing in new opportunities, or even buying more Bitcoin, FIGR makes it straightforward and transparent. Visit figr.com forward slash Real Vision or click on my link below to take out a Bitcoin-backed loan with FIGR today. Happy July 4th to our viewers in America. Don't go too crazy on buzz balls and hot dogs. While you're all celebrating, I'm here to deliver you the latest market headlines.

Contrary to many Americans' beliefs, the world doesn't stop today just because you do. We've got a job to do here. But let's be honest, it's Friday, and we're all a little jealous of our American friends that they have a day off and a barbecue, so we'll keep it short today. I may be just an AI avatar of Raoul's, but I know that deep down, you're already looking forward to that evening cocktail and unwinding. So let me fill you in on the headlines, and then off you go.

Of course, none of this is to be taken as the views of the real Raoul. US Congress delivered the fireworks for President Donald Trump by passing his signature tax cut legislation known as the not-so-modestly named "Big Beautiful Bill". In the end, there were only three rebels in the Senate and two in the House, cementing Trump's grip on the party, despite earlier concerns about the bill potentially adding more than $3 trillion to the deficit.

One way President Trump hopes to pay for it is with tariffs. And those revenues skyrocketed in May to a record of more than $24 billion, a rise of 25% on the previous month and four times as much as the year before. There's growing uncertainty ahead of the July 9th deadline, when the pause on Trump's so-called reciprocal tariffs ends. The president has announced plans to start sending letters to trading partners outlining new tariffs.

In Europe, yesterday's positive PMI is contrasted today with signs of underlying fragility. German factory orders fell by 1.4% month over month in May against forecasts predicting only a slight decline. Additionally, France's industrial output decreased by 0.5%, further highlighting concerns about slowing economic activity within major eurozone economies amid ongoing trade tensions and tariff uncertainties from the United States.

In crypto, a long dormant Bitcoin whale has just made a transfer of epic proportions. Right now, the headlines are chock full of data breaches and regulatory rollbacks, making us all vulnerable.

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