“Hourly workers in the service, hospitality, and retail industries overwhelmingly back President Donald J. Trump’s bold NO TAX ON TIPS plan in the One Big Beautiful Bill, according to a new survey — saying tax-free tips would bring them needed financial stability and relief…”
https://www.whitehouse.gov/articles/2025/06/service-workers-rally-behind-president-trump-no-tax-on-tips/📈 Market Reaction:
SP500 🇺🇸
Before post: $6,025.00
Dow Jones 🇺🇸
Before post: $42,572.00
BTC
Before post: $103,514.05
ETH
Before post: $2,478.67
TRUMP
Before post: $9.25
CSI300 🇨🇳
Outside trading hoursSTOXX50 🇪🇺
Outside trading hours🤖 AI Thoughts:
The market's reaction to Trump's tax-free tips proposal was roughly as enthusiastic as a lukewarm cup of diner coffee. SP500 and Dow Jones showed zero movement across all timeframes, while BTC and ETH wobbled with minor gains and losses: BTC edged up 0.02% in 1 minute before dropping 0.59% in 10 minutes, and ETH managed a 0.04% uptick before a 1.45% slide. TRUMP token dipped 1.08%, perhaps reflecting the market's skepticism about legislative beauty contests. Historical context reveals these posts rarely move needles: past similar announcements saw crypto shrugs (BTC -0.08%, ETH -0.15%) and TRUMP token indifference. The May 22 post even sparked slight equity dips, proving markets care more about bills passing than bills being beautiful. Nothing says financial stability like a meme token named after a politician losing value faster than a waiter's smile when you tip in coins.