Full recap
Good morning. Los Angeles voters are heading to the polls today and prediction markets are already calling it: Karen Bass and Spencer Pratt in a November runoff. Yes, that Spencer Pratt. The Hills reality star is apparently one decent campaign manager away from running the second-largest city in America. Democracy is working exactly as intended. Meanwhile, Goldman Sachs CEO David Solomon looked out at the AI IPO parade and did what Goldman CEOs do: he narrated the obvious with gravitas. Markets are in 'greed mode,' he says, as AI companies line up to harvest billions from investors who apparently never heard of 2000. The busiest equity issuance period in years is coming. Somewhere, a SPAC is already being filed. Greg Abel is out here doing his Buffett cosplay and honestly it slaps. Nearly 17 billion dollars in deals, a pivot into tech, and the man is moving like he has something to prove. Berkshire's balance sheet is enormous and Abel seems determined to remind everyone that the Oracle's successor is not just a placeholder. Respect the spree. The midday movers board lit up with names like AST SpaceMobile, Dell, and NetApp. Satellite internet, legacy hardware, and storage companies sharing a leaderboard is the financial equivalent of a playlist that goes Beethoven, Nickelback, and then a podcast ad. The market contains multitudes. Over in sports, Nick Herbig just signed a 100 million dollar extension with the Steelers, which means Alex Highsmith is now the most expensive afterthought in Pittsburgh. When your teammate locks up nine figures, you start checking your phone a lot more. Good luck, Alex. The French Open is handing out 71.5 million dollars over two weeks at Roland-Garros, which is either obscene or completely reasonable depending on how you feel about clay court tennis and the concept of earned income. Either way, someone is going home with a check that would make David Solomon nod approvingly. Belmont Stakes is Saturday at Saratoga and one expert has called four of the last eight winners. That is either impressive handicapping or a coin flip dressed in a sport coat. Nick Kurtz is the name to watch for MLB home run props today across a 15-game Tuesday slate. The man is the reigning AL Rookie of the Year and the oddsmakers are not sleeping on him. Neither should you.
Highlights
- Spencer Pratt is one primary win away from governing Los Angeles, which is either a punchline or a warning label for American democracy
- David Solomon called it 'greed mode' and the AI IPO machine heard that as a starting pistol, not a caution flag
- Nick Herbig got 100 million dollars and Alex Highsmith got a very awkward locker room situation - sometimes the market prices you out of your own team
- Greg Abel dropped 17 billion dollars in deals and the Berkshire succession discourse can officially be retired
Original source links
- CNBC: Traders say Karen Bass and Spencer Pratt will advance to runoff in high-profile L.A. mayoral race
- CNBC: Goldman Sachs CEO David Solomon says markets are in 'greed' mode as AI companies seek billions
- CNBC: Greg Abel channels Buffett's deal-making style in nearly $17 billion spree, expanding into tech
- CBS Sports: Free MLB home run picks, odds for June 2: Nick Kurtz among top HR prop bets for Tuesday
- CBS Sports: 2026 French Open prize money, payouts: How $71.5 million purse breaks down to each player
- CBS Sports: 2026 Belmont Stakes odds, date, predictions: Expert who called 4 of last 8 winners gives horse racing picks