Two Trillion Dollar Phone Calls: One That Happened and One That Didn't Artwork

Bulls, Bears & BS

Bulls, Bears & BS is world-renowned financial expert Graham Summers' weekly investment broadcast. A best-selling author and acclaimed communicator, Graham’s cutting-edge investment and economic insights have been featured in dozens of media outlets around the world including CNN Money, Fox Business, Rolling Stone Magazine, Crain’s New York Business, MoneyTalk Radio, and The Huffington Post among many others. In Bulls, Bears and BS, Graham provides a review of each week's most impactful geopolitical and financial events. Thanks to its upbeat and to-the-point delivery this product is perfect for traders looking for concise timely market analysis. This is where Graham really cuts loose with his insights, distilling current events and macro developments as only he can.

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Two Trillion Dollar Phone Calls: One That Happened and One That Didn't

June 07, 2025 • Graham Summers, MBA

This was a week of trillion dollar phone calls: one that happened and one that didn't.

The trillion dollar phone call that did take place was between President Trump of the United States and President Xi Jinping of China. That phone call occurred Thursday and concerned global trade, China's exporting of rare earth minerals, and U.S. accusations that China had violated the initial trade deal announced between the two nations on May 12, 2025.

The trillion dollar phone call that didn't take place was between President Trump and former advisor and close confidant Elon Musk. The two men had a very dramatic falling out this week over the President's Big Beautiful Bill, with things getting EXTREMELY ugly: at one point shares in Musk's company Tesla (TSLA) collapsed over 15% in a single day to which Musk responded by suggesting the President should be impeached and the U.S. form a new political party that actually supports the will of the people.

Musk has since stated he'd like to talk with the President, but the latter isn't interested. And so that particular trillion dollar phone call has yet to happen.

This week our host Graham Summers, MBA delves into these developments in detail, expanding on the impact they will have on both the economy and the stock market. Graham also notes some major developments in the financial system that give us clues as to where the big opportunities lie going forward. Put simply, this week was not just about trade and Tesla, but much BIGGER things developing that investors need to know! And Graham breaks it all down as only he can do.

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