Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. Chapters: 00:00 Yen Intervention, Fed Uncertainty & Middle East Talks 05:19 Why the US Is Backing the Japanese Yen — Philip Orlando, Federated Hermes 18:55 US Deterrence Has Eroded — Steven Cook, Council on Foreign Relations 32:04 US-Japan Intervention Changes the Yen Trade — Jeremy Stretch ...

🚨 Elon Musk just teased “Minihard”, a SpaceXAI data center designed to fit around 220,000 NVIDIA GB300 chips into roughly a quarter of the space of “Macrohard.”@TeslaLarry breaks down why that density could matter for cost, cooling, and AI scaling.And on top of that, SpaceX just landed a $1.6B Space Force deal for 18 Falcon 9 launches!How big could SpaceX’s AI infrastructure business become? $SPCX ...

Market Dynamics - Investors across SpaceX and Tesla are closely monitoring potential merger developments between the two companies [1] Investment Considerations - Market observers are evaluating the strategic rationale and potential risks associated with a future combination of SpaceX and Tesla [1]

🚨 NEWS: Bernstein says four factors could make or break SpaceX’s long-term valuation:1. Starship reusability2. Semiconductor capacity3. Regulatory approvals4. Enough compute for orbital data centersThe firm says rapid Starship reuse is the biggest piece, with its model assuming 3,600+ launches in 2031.Bernstein currently rates $SPCX Outperform with a $239 price target ahead of its first earnings report on August 4. ...

Market Trends and Macroeconomics - The U.S. and Japan conducted their first joint currency intervention in 15 years, spending approximately 53 billion dollars (5.3 trillion yen) to defend the weakening yen[1][11][14][30][75] - Brent crude dropped below 85 dollars and WTI crude fell below 80 dollars following President Trump's cancellation of military strikes and maintenance of talks with Iran, while Iran discussed safe passage through the Strait of Hormuz with Oman[7][8][43] - The Philadelphia Semiconductor Index plunged 21% to mark its worst month since October 2008, while Asian stocks faced downward pressure with South Korea's KOSPI index reversing part of its 18% surge[4][42][45] Industry Dynamics and Mergers - Italy's Prysmian reached an all-cash deal to acquire electrical equipment manufacturer Atkore for 3.8 billion dollars including debt, driving Atkore shares up more than 26%[9][44][62] - Bristol-Myers Squibb and AstraZeneca explored a potential merger to create one of the world's largest drugmakers, causing Bristol-Myers shares to jump around 7% to 8% while AstraZeneca investors remained skeptical[8][9][32][44] - Alibaba released a new flagship AI model with performance on par with Anthropic's, planning a public download release the following week[4][28][80] Corporate Performance and Financial Markets - Prysmian plans to raise 20% of the enterprise value as new equity for the Atkore acquisition while maintaining its investment grade[69][70] - Ferguson is set to join the S&P 500 index and replace Electronic Arts, boosting its shares by nearly 8%[9][44] - The U.K. 10-year gilt yield fell 8 basis points to outperform the rest of European bonds[6]

Macro Markets and Geopolitics - The United States and Japan confirmed a joint intervention to buy Japanese yen after the currency dropped to a 40-year low [1] - US stock futures rose sharply with Dow futures up 400 points following the cancellation of a planned military strike on Iran [2] - OPEC plus announced new measures to adjust oil output, supporting the easing of geopolitical tensions [3] - Federal Reserve Chair Kevin Worsh faces a credibility test regarding the central bank's independence from the White House [9] Technology and AI Industry - Apple CEO Tim Cook described current memory chip pricing issues as a 100-year flood due to severe supply constraints [3][4] - Alibaba unveiled QN 3.8% Max, its most advanced artificial intelligence model to date [4] - The situational awareness hedge fund, once valued at 45 billion dollars, suffered major losses in a rapid AI stock rout [6] - The European Union's AI act took effect, requiring firms such as Anthropic and Open AI to disclose AI-generated or edited content [7][8] Corporate and Sector Dynamics - Astroenica shares fell following reports of merger discussions with Bristol Meyer Squib [7] - WestJet cancelled over 300 flights due to a flight attendants' strike before reaching a tentative deal [9]

Two major catalysts for SpaceX this week:📊 SpaceX's first-ever earnings report — Aug. 4🔓 First lock-up expiry — early AugustBig events = potential price swings. If you already have a buy or sell target in mind, Dual Asset lets you earn yield while waiting for it to hit. https://t.co/LtyIhkFNqA ...

>> GOOD MORNING. IT IS ANOTHER MONDAY. ENERGY PRICES DROP.AMERICA HAS JAPAN'S BACK IN MARKETS. AND THE YEN JUMPS AGAIN. IT IS UNCLEAR IF THEY ARE STILL TALKING.>> HERE IS THE PICTURE IN MARKETS. PRESIDENT TRUMP SAYING THAT THE TALKS BETWEEN THE U.S. AND IRAN WILL START. THAT BOOSTING SENTIMENT IN THE FUTURES PICTURE.ON BOTH SIDES OF THE ATLANTIC THIS MORNING. IN CONTRAST TO WHAT WE HAVE SEEN IN THE ASIAN SESSION. ESPECIALLY COMPETITION FROM CHINESE AI.DEEPSEEK RELEASING A NEW MODEL. WE HAVE ALREADY HAD CONF ...

Market Trends & Macroeconomics - Brent crude oil prices tumbled by 5.4% to $83 per barrel following announcements of restarted U.S.-Iran talks [3][37] - The South Korean Kospi index dropped by 5% due to disappointing results from a Japanese memory chip maker and growing Chinese competitive risks [2][36] - The U.S. and Japan conducted a coordinated currency market intervention for the first time in 15 years, causing the yen to strengthen by more than 1% to 1.3% and 156 per dollar [6][37][40] Industry Dynamics & Corporate Mergers - AstraZeneca explored a mega-deal takeover of Bristol-Myers Squibb, which would feature Bristol-Myers with roughly a 130 billion dollar market cap and AstraZeneca valued at roughly 300 billion dollars [1][16][22] - Hungary's only nuclear plant had to shut down for the first time in 44 years of operation because the Danube River lacked enough water for cooling due to severe heatwaves and drought [32] - Sony reported that "Spider-Man: Brand New Day" generated a global box office haul of 927 million dollar, marking the largest opening weekend ticket sales of the year and second highest in Hollywood history [63][64] Financial Performance & Earnings - European companies reported a solid earnings season with roughly 56% beating expectations and tracking toward an earnings growth rate of 14% for the quarter, outperforming initial expectations of 11% [57][58] - France experienced severe fallout from a wildfire that ravaged 42,000 hectares [41]

⚡️ Key Economic Events This Week:Monday - July ISM Manufacturing PMI DataTuesday - June JOLTS Job Openings Data, AMD (AMD) & SpaceX ( SPCX) Report EarningsWednesday - July ADP Nonfarm Employment Change Data, SanDisk ($SNDK) Reports EarningsFriday - July Jobs ReportAround 20% of S&P 500 companies will report earnings this week.Which catalyst moves the market most? 👇 ...