Inflation still a big battle

Fed Chairman Jerome Powell kicks off his Washington testimony saying there is a long way to go on inflation. Barclays cuts its rating on Tesla (TSLA) but admits it may be a gamble. Amazon (AMZN) details Prime Day deals.Our links:Wall Street Breakfast:Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.Seeking Alpha Premium: A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.Alpha Picks:Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.Wall Street Breakfast on TwitterShow links:Federal Reserve Chair Powell to repeat expectation that rates will rise more this yearAmazon sets Prime Day for July 11-12 in big test of consumer discretionary spendingTesla is downgraded at Barclays ahead of Q2 earningsAnt Group developing own AI large language modelWall Street rally further cools as Nasdaq, S&P, Dow under pressure after Powell testimony