SpaceX Falls On AI Spending Fears | Daybreak Europe 8/5/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, SpaceX fell in extended trading as concerns about its AI spending plans overshadowing an inaugural quarterly report that broadly surpassed Wall Street forecasts. US President Donald Trump says the Strait of Hormuz will be open 'very soon'. He was speaking after Qatar said a proposal had been drafted and Axios reported US, Iran and Oman are preparing to announce as soon as Wednesday a 60-day agreement on shipping through the Strait of Hormuz. And Siemens Energy says strong demand for gas turbines and grid equipment should push its profit margin to the upper end of its guidance, while chipmaker Infineon forecast revenue that beat estimates on rising demand for its data-center chips. Today's guest: Christian Bruch, Siemens Energy, CEO; Sven Schneider, Infineon, CFO & Charu Chanana, Saxo, Chief Investment Strategist Chapters: 00:00:00 - Daybreak Europe 00:02:19 - Heineken 2Q Total Organic Volume Beats Estimates (2) 00:04:05 - SpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPO 00:06:13 - AMD Shares Slide After AI Growth Outlook Underwhelms Investors 00:07:17 - Asian Markets Update 00:10:06 - Trump: Strait Will Be Open Very Soon 00:13:32 - Risk Events Today 00:14:58 - Bessent Says Yen Level a Problem for Japan 00:17:50 - South Africa Wins Chinese Backing for Power-Expansion Plans 00:21:08 - Wednesday Top Stories 00:22:18 - Wednesday Headlines 00:24:20 - Christian Bruch, Siemens Energy, CEO 00:32:04 - Infineon Revenue Forecast Beats as AI Power Chip Demand Rises 00:32:41 - Sven Schneider, Infineon, CFO 00:38:27 - Charu Chanana, Saxo, Chief Investment Strategist 00:45:04 - Wegovy Pill Sales Don’t Live Up to Wall Street Obesity Hype 00:45:55 - Global Stocks at Record Highs -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts