Stocks Rally on Strong Earnings; SpaceX's AI Spending Hits Shares | Bloomberg Brief 08/05/26
Bloomberg TelevisionUS equity futures gains after stocks closed at an all-time high for the first time since June. Shares of SpaceX extend its decline as the company's AI spending puts a damper on its debut earnings results. Oil rises after a new threat by the Houthi militant against Middle East shipping offsets optimism from President Trump about a potential US-Iran deal. Matt McLennan of First Eagle Investments discusses the resilience in US corporate profit margins. Chapters: 00:00:00 - Bloomberg Brief Begins, Opening Headlines & Global Market Snapshot 00:00:41 - Global Market Check: Asia Markets Rally on AI Optimism & Iran Deal Hopes Asia Markets Rally on AI Optimism & Iran Deal Hopes, 00:01:38 - Europe Markets: Mining Stocks, Oil & Economic Data 00:02:35 - U.S. Markets: Treasury Yields, Oil & AMD Reaction 00:03:30 - First Look Movers: SpaceX, AMD & Pinterest 00:04:42 - SpaceX Earnings: AI Spending Sparks Selloff, Starlink's Wireless Expansion Plan 00:07:49 - AI Stocks Under Pressure: AMD & Infineon Analysis, China Export Controls & AI Supply Chain Risks 00:11:30 - Trump, Iran & Strait of Hormuz Negotiations 00:14:55 - Trending on the Terminal 00:16:05 - Michigan Democratic Senate Primary Results 00:19:25 - Front Page News 00:21:33 - Market Setup: Futures, Oil & Treasury Yields 00:23:02 - First Look Movers: SpaceX, AMD & Arista Networks 00:24:09 - Matt McLennan, First Eagle Investments Head of Global Value Team. on Software Stocks, Data Centers & AI Spending 00:31:51 - Trending on the Terminal 00:32:59 - Paramount Earnings & Media Industry Outlook 00:34:50 - Disney Preview: Streaming, Parks & Strategy 00:37:59 - SpaceX Earnings Revisited: AI Spending Concerns, SpaceX Lockup Expiration & Stock Pressure 00:42:01 - What to Watch Today -------- 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