And welcome back to Street Tweets from The Street Sheet!

This summer, we’re officially saying goodbye to one thing that nobody likes: walking barefoot through airport security.

The TSA announced that travelers can officially keep their shoes on while passing through security, effective immediately, starting at select airports but with plans to expand nationwide in the near future.

Truly amazing news. Can they let us keep laptops in our bags next?

— Brooks & Cas

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For much of last week, markets continued their recent trend of rallying despite fresh tariff concerns.

President Trump announced new sector-specific tariffs on both copper (50%) and pharmaceuticals (up to 200%), as well as a slew of country-specific levies. In the not-too-distant past, this news might’ve sent markets reeling. But today’s investors are older and wiser.

Markets took these new tariffs in stride, reaching record highs intraweek, as investors appeared confident that President Trump would eventually delay them, back down, or successfully reach a trade deal — an investment strategy known as the Trump Always Chickens Out (TACO) trade.

The biggest winner of the week was Bitcoin, which surged to an all-time high, breaching $118,000 for the first time. However, major stock indexes ended the week slightly in the red, as the specter of mounting trade threats caught up on Friday.

The Dow Jones Industrial Average finished the week down around 1%. The S&P 500 and Nasdaq Composite ticked down 0.3% and 0.1%, respectively.

No major economic updates are slated for Monday.

On Tuesday, the week’s action will pick up with the release of June’s consumer inflation data, as well as the NY Empire State Manufacturing Index.

Wednesday will keep the inflation prints coming with an update on producer prices and industrial production, plus speeches from several Fed presidents.

Thursday will be another busy day, featuring more speeches from Fed presidents, plus updates to retail sales, import/export prices, business inventories, and the NAHB Housing Market Index.

Finally, on Friday, updates to building permits and housing starts will be released.

Rumors circulated on X last week that Rainmaker, a cloud seeding tech startup, was responsible for planting clouds that caused the recent Texas floods.

Hold on…a what startup? Per their website, Rainmaker is pioneering a “modern precipitation enhancement system.”

So, making it rain? Literally? Very cool. Well, until you start getting blamed for causing natural disasters, that is.

Linda Yaccarino’s main job was to shmooze advertisers back to X — a job that was apparently pretty difficult.

Meta reportedly poached Ruoming Pang of Apple’s AI team by dangling a $200M salary. For perspective, that’s more than the annual salary of:

In fact, the only athlete outpacing Pang’s new annual salary is Christian Ronaldo ($275M). Wonder how Zuck’s measuring these new hires’ ROI?

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Markets have rallied roughly 20% since hitting a low in mid-April. But there’s currently still $7.4 trillion sitting in money market funds — traditionally considered safer investments.

Billionaire Bill Ackman seems to believe that this capital could be headed back into stocks, potentially fueling another rally. Let’s just hope his market analysis isn’t anything like his tennis game…

What would you say if your employer required you to swear loyalty to the company once every few months?

Well, that’s exactly what Goldmach Sachs is doing to make sure employees aren’t lining up new jobs.

Our only question is: Are these loyalty oaths legally binding?