President says no trade deal with Japan, Fed’s Powell eyes June jobs report, House Republicans race to push megabill across the finish line, and more news to start your day.

KEY TAKEAWAYS Shares of Tesla are dropping in early trading Tuesday as the feud between CEO Elon Musk and President Donald Trump heats up again.Trump early Tuesday accused Musk of gaining excessively from electric vehicle subsidies.

President Trump hit back on Truth Social, threatening to slash Tesla’s and SpaceX’s federal perks. Wall Street noticed fast, with Tesla crashing 14% on June 5, wiping out $150 billion in value. Despite rebounding from that event, Tesla stock is still down 21% year-to-date, performing the worst of the Magnificent 7.