How does the ECB rate cuts impact the Fed's desire to cut rates?

Chuck Zodda and Mike Armstrong react to the ECB's interest rate cut to 3.75%, and wonder if the Fed will use this to start their own rate cuts. US jobless claims come in higher than expected. Goldman Sachs sees a 'wall of money' fueing stock market's summer party. Keith Gill's GameStop trades pose conundrum for market caps. Oil extends losses as OPEC+ and weak US data unnerve traders.