Corporate America is pouring support behind the Trump Accounts program, with Altimeter Capital founder, Chairman and CEO Brad Gerstner predicting the initiative will attract more than $100 billion in additional private commitments over the next year as businesses and philanthropists back the new investment accounts for American children.

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Brad Gerstner joined FOX Business’ Maria Bartiromo on “Mornings with Maria,” where he pointed to what he described as strong early momentum following the program’s launch, saying businesses, philanthropists and families are embracing the initiative.

President Donald Trump stands next to a bell before ringing it to open the New York Stock Exchange ahead of the launch of Trump investment accounts in the Oval Office. (Mandel NGAN / AFP / Getty Images)

“We have tens of billions of dollars in commitments we haven’t announced,” Gerstner said. “I said to the president, I think we’ll have $100 billion of additional contributions in the next 12 months.”

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Gerstner said the initiative was designed as a public-private partnership that relies on private contributions alongside the government’s initial investment. He highlighted commitments from corporate leaders and philanthropists, arguing the program allows donors to directly fund investment accounts for children in schools, communities and states across the country.

“It is huge societal ROI and America is unlocking their wallets and pouring a lot of money into these,” Gerstner said.

BNY CEO Robin Vince also joined Maria Bartiromo on “Mornings with Maria” to discuss BNY’s role in launching the program, which is designed to give more Americans access to long-term investing through early saving and the power of compounding.

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“We’ve got 40% of Americans who don’t participate directly in the stock market,” Vince said. “This initiative is about bringing more people to have a stake in the actual capital markets, in the economy and the greatest companies in America.”

Vince said the program encourages families to begin investing as early as possible, arguing that regular contributions over time can significantly increase the value of an account through compounding. He also noted that many companies, including BNY, are matching contributions for eligible employees’ children.

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Starbucks Corp. shares dipped slightly Tuesday, trading around $103.43 as investors monitored the coffee giant’s progress under its “Back to Starbucks” strategy amid a competitive retail environment and evolving consumer preferences for both in-store experiences and convenience.

The modest decline of 0.17 percent, or 18 cents, reflected cautious trading in a broader market where consumer discretionary stocks showed mixed performance. Starbucks has been implementing operational changes aimed at restoring traffic and strengthening its position as a community gathering spot while addressing challenges from inflation, competition and shifting work patterns.

Under CEO Brian Niccol, the company has focused on enhancing the core coffeehouse experience through initiatives like Green Apron Service, menu innovation and increased seating capacity. Recent quarterly results showed positive same-store sales growth driven by higher transactions, marking improvement after earlier softness.

Starbucks outlined ambitious expansion plans, including opening hundreds of new U.S. stores and adding seating at thousands of existing locations. The moves aim to capitalize on demand for third-place environments while balancing investments in drive-thru and digital channels.

The company also refreshed its loyalty program and introduced promotional events to boost engagement. These efforts have contributed to traffic gains among both rewards members and non-members, a notable development after periods of stagnation.

Starbucks declared its regular quarterly cash dividend of $0.62 per share, payable in late August, underscoring its commitment to returning capital to shareholders even as it invests in growth. The dividend yield remains attractive for income-oriented investors in the consumer sector.

Analysts have noted improving fundamentals at Starbucks, with comparable sales trends turning positive and operational efficiencies beginning to materialize. However, challenges persist, including labor costs, supply chain dynamics and competition from quick-service rivals and specialty coffee players.

The stock has traded within a range that reflects both optimism about the turnaround and caution over execution risks. Starbucks shares remain below their 52-week high but well above earlier lows, as investors assess the sustainability of recent momentum.

International operations continue to play a significant role, with China and other markets showing recovery in traffic and sales. The company has adjusted its portfolio in certain regions while expanding in high-growth areas, aiming for balanced global development.

Starbucks faces broader industry pressures, including changing consumer habits around at-home versus out-of-home consumption and sensitivity to pricing. The company has responded with value-oriented promotions alongside premium offerings to appeal to a wide customer base.

Sustainability efforts remain part of Starbucks’ long-term strategy, though the company is reassessing some environmental targets in light of regulatory changes and supply chain realities. Its focus on responsibly sourced coffee and ethical practices continues to resonate with core customers.

Tuesday’s trading volume was consistent with recent sessions, indicating no major company-specific catalyst driving the small move. Market participants appeared to be digesting recent positive sales trends while awaiting the next earnings update for further confirmation of the turnaround trajectory.

Wall Street consensus points to cautious optimism, with price targets reflecting expectations of steady growth as operational improvements take hold. Starbucks’ strong brand equity and global footprint provide a foundation for recovery, though success will depend on consistent execution.

The coffee chain’s performance is closely watched as a barometer for consumer spending on discretionary items and experiences. Its ability to adapt to hybrid work environments, inflation impacts and competitive threats will shape its path in the coming quarters.

Starbucks continues to invest in technology, including mobile ordering enhancements and AI-driven inventory tools, though some initiatives have been scaled back based on operational feedback. The balance between innovation and core customer experience remains central to its strategy.

As Starbucks progresses through its fiscal year, focus will remain on same-store sales, margin expansion and new store productivity. The company’s guidance for fiscal 2026 and beyond emphasizes sustainable growth through disciplined expansion and enhanced customer engagement.

The modest decline Tuesday comes after periods of strength tied to positive sales reports and strategic announcements. Starbucks’ stock often moves on news related to consumer trends, promotional success and macroeconomic factors affecting discretionary spending.

Looking forward, upcoming earnings and any updates on international markets or loyalty program performance could provide additional direction. Starbucks’ transformation efforts aim to position the company for long-term leadership in the premium coffee and experiential retail space.

WASHINGTON — President Donald Trump delivered a stern warning to Iran on Tuesday as U.S. forces conducted fresh strikes against Iranian targets in response to attacks on commercial vessels in the critical Strait of Hormuz, escalating tensions in a region vital to global energy supplies.

The U.S. military’s Central Command said American forces hit more than 80 targets, including air defense systems, command networks, coastal radar sites and Islamic Revolutionary Guard Corps small boats involved in recent incidents. The action followed reports of three tankers being struck by projectiles in the strategic waterway.

The strikes came after the U.S. Treasury revoked a sanctions waiver that had allowed Iran to sell oil as part of a fragile ceasefire arrangement. Iranian state media reported explosions near key locations including Bandar Abbas, Qeshm Island and Sirik, with some civilian injuries from shrapnel.

Trump’s administration has framed the response as necessary to protect international navigation and deter further aggression. The Strait of Hormuz handles a significant portion of global oil shipments, and disruptions there have raised concerns about energy prices and economic stability.

Iranian officials condemned the U.S. actions and vowed to defend national interests. Parliament Speaker Mohammad Bagher Qalibaf stated that “the era of bullying and extortion is over,” while other leaders signaled readiness to respond.

The latest violence threatens a tenuous ceasefire negotiated in recent weeks. Attacks on commercial shipping, including vessels linked to Qatar and Saudi Arabia, prompted swift U.S. retaliation aimed at degrading Iran’s capacity to threaten maritime traffic.

U.S. officials described the strikes as proportionate and targeted, focusing on military capabilities rather than civilian infrastructure. Central Command emphasized that forces remain prepared to hold Iran accountable for violations of the ceasefire agreement.

The incident marks another flare-up in long-standing U.S.-Iran tensions, exacerbated by regional conflicts and disagreements over nuclear issues, sanctions and proxy activities. Freedom of navigation in the Gulf has long been a flashpoint, with previous incidents involving tanker seizures and attacks.

Energy markets reacted with caution to the developments, as any prolonged closure or disruption in the Strait of Hormuz could spike global oil prices. Analysts noted that while immediate impacts were limited, sustained instability could affect supply chains and consumer costs worldwide.

Trump has repeatedly stressed the need to protect vital sea lanes and prevent Iran from leveraging its geographic position for strategic advantage. His administration has coordinated with allies in the Gulf and beyond to maintain pressure on Tehran while pursuing diplomatic off-ramps.

Iranian leaders have accused the U.S. of aggression and violation of the ceasefire, calling for international condemnation. Tehran maintains that its actions are defensive responses to perceived provocations, though it has not claimed direct responsibility for all reported shipping incidents.

The situation has drawn concern from major powers and international organizations. The United Nations and maritime authorities have urged restraint to avoid broader conflict that could endanger civilian crews and global trade.

Domestically, the administration faces questions about the scope and duration of military involvement. Lawmakers from both parties have called for briefings on the strikes and the broader strategy to deter Iran without escalating into full-scale war.

Defense analysts suggest the targeted strikes aim to restore deterrence and reopen the strait for safe passage. Previous rounds of U.S. action have temporarily degraded Iranian capabilities, though rebuilding efforts and asymmetric responses remain risks.

The episode underscores the fragility of recent diplomatic efforts. Ceasefire agreements have been tested multiple times, with shipping security emerging as a core sticking point alongside nuclear concerns and regional proxy dynamics.

Oil-producing nations in the Gulf have expressed alarm over threats to maritime security, with some increasing naval patrols and coordinating with U.S. forces. The attacks on tankers linked to regional states have heightened calls for collective action to safeguard trade routes.

As developments unfold, markets and diplomats watch closely for signs of de-escalation or further retaliation. Trump has indicated willingness to pursue deals but has warned of severe consequences for continued violations.

The Strait of Hormuz remains one of the world’s most important chokepoints, with roughly one-fifth of global oil passing through its waters. Stability there is essential for energy security, making the current tensions a matter of international economic significance.

U.S. officials continue to monitor the situation and coordinate with partners. The administration has emphasized that its actions are defensive in nature, aimed at preserving freedom of navigation rather than seeking regime change or broader conflict.

Iranian state television showed images of damage and rescue operations following the strikes, while officials rallied public support and vowed resilience. The exchange highlights the high stakes involved in securing one of the planet’s most critical maritime arteries.

As the dust settles from the latest strikes, attention turns to whether diplomatic channels can prevent further escalation. Both sides have signaled openness to talks under certain conditions, but deep mistrust and competing interests complicate prospects for lasting resolution.

SpaceX has been fast-tracked into the Nasdaq-100 Index, meaning the stock performance of Elon Musk’s rocket company is now directly tied to the retirement accounts, mutual funds and portfolios of millions of everyday American investors.

But self-proclaimed market “permabear” and GMO co-founder Jeremy Grantham is heavily skeptical of the company’s valuation and long-term investment thesis.

“Everyone’s lining up to tell you to buy the craziest IPO in the history of man,” Grantham told Morningstar’s “The Long View” podcast. “In 50 years, they’ll be telling and writing stories about SpaceX, and they’ll be quoting you paragraphs from the prospectus, and you will be laughing at it.”

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“In the end, the reality will come out, and this will turn out to be, of course, one of the landmark historical events that I so value in history looking back,” Grantham continued. “It will be amazing, by the way, if it doesn’t collapse, because it will need such massive developments on AI that our entire lives are totally different.”

GMO founder Jeremy Grantham warns that investors “will be laughing at” SpaceX’s stock valuation in the future. (Getty Images)

SpaceX made its IPO debut on June 12, and began trading at $150 a share, above its listing price of $135 a share. As of midday Wednesday, the stock hovered around $149 per share and was down nearly 7% month-to-date.

Goldman Sachs, JPMorgan and Morgan Stanley have posted bullish forecasts for SpaceX’s valuation, Fortune reported, with price targets ranging from $205 to $300 per share.

Grantham also criticized Wall Street’s advice for clients to buy SpaceX, adding that even if the market ultimately validates the elevated share price, society will become a “strange one” where “we’ll be lucky not to be bossed around by our automaton friends.”

SpaceX’s quick addition to the Nasdaq-100 Index has affected its stock performance, with Grantham also saying, “What that means is there’ll be a lot of people who have to buy it for any index that is Nasdaq-y. So there’ll be much more demand than there are sellers.”

“So supply and demand being what it is, it’s hard to imagine the price won’t go up, and perhaps it will go up a lot,” Grantham said.

SpaceX’s IPO raised $75 billion and was the largest IPO in history, surpassing Saudi Aramco’s $29 billion IPO in 2019.

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The IPO cemented Musk’s status as the world’s richest person, pushing the value of his holdings toward $1 trillion, a milestone no individual has previously reached.

Founded by Musk in 2002, SpaceX has grown into the world’s largest space company and a dominant force in commercial launch services. The company pioneered reusable rocket technology, helping lower launch costs and reshape the economics of the space industry. It has also become a key contractor for NASA and the U.S. government through civil and national security missions.

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FOX Business’ Eric Revell and Bradford Betz contributed to this report.

This article was written by

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Major League Baseball teams are grappling with a wave of significant injuries heading into the midpoint of the 2026 season, with star players from contending clubs sidelined by elbow, shoulder, hip and hamstring issues that are reshaping rosters and playoff outlooks. From reigning MVPs to promising rookies, the injury list is testing depth across multiple organizations as clubs balance short-term needs with long-term health concerns.

Here are five of the most notable injury situations currently affecting MLB clubs, based on the latest updates from teams and medical evaluations:

Byron Buxton, Minnesota Twins (Hip Impingement): The dynamic center fielder aggravated a lingering right hip issue during a steal attempt, forcing him out of multiple games. Buxton’s speed and power have been central to the Twins’ lineup, but recurring lower-body problems continue to limit his availability. He remains day-to-day with hopes of returning soon, though the All-Star break could provide additional recovery time.

Brandon Woodruff, Milwaukee Brewers (Shoulder Inflammation): The veteran right-hander landed on the 15-day injured list with right shoulder inflammation after making several appearances following an earlier absence. Woodruff’s return had been a boost for Milwaukee’s rotation, but this setback highlights the careful management required for pitchers with injury histories. He is expected to miss several weeks, impacting the Brewers’ postseason push.

Connelly Early, Boston Red Sox (Elbow Inflammation): The promising rookie starter exited a recent outing with left elbow discomfort and was placed on the 15-day injured list. Early had been a bright spot in Boston’s rotation before the issue arose. Further evaluation is underway, with inflammation cited as the primary concern rather than a structural problem. His absence tests the Red Sox’s depth in a competitive American League East.

Mike Trout, Los Angeles Angels (Hamstring Strain): The future Hall of Famer has been sidelined since mid-June with a right hamstring strain. Trout reported progress in running bases and hopes to return this week, though the Angels are proceeding cautiously with their franchise cornerstone. His presence in the lineup remains vital for a club looking to build momentum.

Ryan Helsley, Baltimore Orioles (Elbow Discomfort): The closer experienced renewed right elbow issues after a brief return from an earlier stint on the injured list. Helsley was placed back on the 15-day IL, with further testing planned. His absence forces the Orioles to lean on other relievers for high-leverage situations in a tight division race.

These injuries reflect broader trends across MLB, where elbow and shoulder problems continue to plague pitchers while position players battle lower-body strains from the demands of a long season. Teams are increasingly relying on advanced medical protocols, rest and rehabilitation to manage workloads.

Clubs like the Los Angeles Dodgers and New York Yankees have also dealt with their share of absences, testing roster flexibility. The Dodgers have managed without key contributors at times, while the Yankees navigate a crowded injured list that includes several high-profile names. Depth and internal options have become critical as the trade deadline approaches.

Injuries have ripple effects beyond individual players. Rotations are shortened, bullpens are taxed, and lineups lose production, often forcing managers to get creative with platoons and call-ups from the minors. For rebuilding teams, these setbacks can accelerate timelines for prospect evaluation, while contenders must weigh short-term losses against long-term health.

Medical experts note that modern training methods and pitch-count management have helped reduce some risks, but the physical toll of 162 games plus postseason play remains significant. Hamstring and oblique strains are common among hitters due to explosive movements, while pitchers face cumulative stress on elbows and shoulders from high-velocity throwing.

Fan interest often spikes around injury news, particularly when superstars like Trout or dynamic players like Buxton are affected. Social media buzz and fantasy implications add layers to the conversation as teams provide daily updates. Transparency from clubs helps manage expectations, though timelines can shift based on individual healing.

The All-Star break offers a natural pause for many recovering players, with some using the time for final rehabilitation steps before the second half. Teams are monitoring progress closely, hoping key contributors can return strengthened rather than rushing back prematurely.

Front offices are also evaluating trade deadline strategies in light of injury situations. Acquiring depth or proven talent can offset absences, but salary considerations and prospect capital play major roles. Contenders may prioritize immediate help, while others focus on future assets.

Overall, 2026 has seen a typical distribution of injuries, with no single catastrophic event dominating headlines but a steady stream of absences challenging even the deepest organizations. As the season progresses toward October, health management could prove decisive in determining playoff participants and ultimate champions.

Players currently sidelined are working diligently in rehabilitation programs, supported by team medical staffs and specialized trainers. Their returns are eagerly anticipated by teammates and fans alike, as baseball thrives on the presence of its biggest stars. The coming weeks will reveal how effectively clubs adapt and whether injured players can help reshape their teams’ fortunes.