• Market recap: All 3 main indices plunged yesterday, with the S&P 500 and Dow down around 1% and the Nasdaq falling upwards of 2%. Source: CNBC.
• Wise suffers U.S. rejection: Wise (WSE) fell 7% premarket after U.S. regulators denied its national trust bank application, blocking direct Fed transactions. Wise plans to reapply. Source: Reuters.
• SpaceX updates: SpaceX (SPCX) is turning away some Falcon 9 bookings and has halted production of some components as it bets on its delayed Starship rocket. Separately, Google (GOOGL) unveiled a 6% stake in the rocket maker. SpaceX fell 2% premarket. Sources: Bloomberg / WSJ.
• Anduril eyes $100B valuation: Anduril is plotting a funding round targeting a $100B valuation, up from $61B just 2 months ago, as strong military demand for its drones, software, and missiles fuels rapid growth. Source: Reuters.
• AI wipeout hits Google, Tesla: Tesla (TSLA) fell 14.5% in its worst session since March 2025, shedding $200B in market cap, with Google (GOOGL) declining 7% and losing $300B in market cap. The selloffs were triggered largely by AI-spending concerns. Source: CNBC.
• Stripe eyes OpenRouter acquisition: Stripe is in talks to buy AI-model marketplace OpenRouter in a deal that could value the startup at about $10B, potentially expanding Stripe’s push into AI infrastructure. Source: WSJ.
• Ford deepens Apple tie-up: Ford (F) will embed Apple Maps (AAPL) into driver-assistance systems for new EVs as it seeks to cut development costs and accelerate advanced features. Both companies fell 1-2%. Source: NY Times.
• DOJ drops Times subpoenas: The Justice Department withdrew subpoenas seeking testimony and phone records from New York Times (NYT) journalists after a federal judge challenged their legality and threatened to quash them. Shares fell 4%. Source: NPR.
• Goldman expands private investing: Goldman Sachs (GS) launched a new private markets platform for wealthy clients, expanding direct investments and secondary trading in private companies. Source: CNBC.
• Allianz buys HSBC unit: Allianz (ETR:ALV) is buying HSBC’s (HSBC) Singapore life insurance unit for $2.09B and securing a 15-year HSBC distribution partnership, expanding its Asian life and health insurance presence. HSBC rose 1.2% premarket. Source: CNBC.
• Europe targets TikTok on privacy: E.U. regulators found that TikTok failed to adequately protect minors’ privacy by allowing adults to view their accounts, exposing the platform to a potential fine of up to 6% of annual revenue. Source: AP.

• Intel: Intel's (INTC) Q2 revenue jumped 25% to $16.1B, beating estimates by 11%, as data-center sales surged 59%. The firm raised 2026 capex above $20B, sending shares up 3.7% premarket. Source: WSJ.
• Albertsons: Albertsons (ACI) cut its fiscal 2026 EPS outlook to $1.75–$1.85 as cautious consumers reduced grocery spending. Shares sank 22% as the grocer also lowered sales and EBITDA guidance. Source: CNBC.
• SAP: SAP’s (SAP) cloud revenue rose 24% to $7.1B, beating estimates, while cloud backlog grew 26%. The company cut its annual operating profit outlook, but shares rallied 5% premarket. Source: Bloomberg.
• Charter: Charter (CHTR) lost 172K broadband customers in Q2, worse than the 140K expected, as telecom competition intensified. Shares plunged 7% premarket despite stronger-than-expected mobile additions. Source: Reuters.

• Oil surges past $100: Oil prices vaulted above $100 per barrel for the first time since May, up 10% WoW as the ongoing Middle East war limits supply. Prices passed $101 before moderating slightly, with the average U.S. gallon of gas at $4.11. Sources: BBC / CNBC / NY Times / AAA.
• Mortgage rates reach 1-year high: The average U.S. 30-year fixed mortgage rate rose to 6.58%, its highest level in nearly a year, as higher Treasury yields and surging oil prices increased inflation concerns. Source: WSJ.
• Japanese inflation: Japan’s core inflation rose to 1.6% YoY in June, up from a 4-year low, as higher oil prices fed into costs. So-called core-core inflation — which excludes energy and fresh food — fell to 1.7%, a low not seen since Aug. 2022. Source: CNBC.

• Trump rebuilds tariff wall: The U.S. is imposing 10–12.5% tariffs on imports from 80 countries over alleged failures to curb forced labor, restoring much of President Trump’s tariff regime after earlier levies were struck down by the Supreme Court. Sources: Bloomberg / NY Times / WSJ.
• China retaliates against E.U.: China imposed export controls on 14 European companies in response to E.U. sanctions on 14 Chinese companies accused of supporting Russia’s war effort. Source: AP.

• Bangladeshi president resigns: President Mohammed Shahabuddin of Bangladesh is set to resign amid pressure over his ties to ousted premier Sheikh Hasina, who plans to return from exile and surrender to authorities. Source: Reuters.
• Saudi nuclear pact on ice: President Trump said that the newly announced U.S.-Saudi nuclear deal is contingent on the kingdom's recognition of Israel, which may derail the agreement. Source: CNN.
• Congress split on Iran: After the House narrowly passed a measure to force an end to the Iran War — with 4 Republicans joining all Dems in support — the Senate rejected a similar measure. Source: Politico.
• Korean tech titan faces massive payout: A South Korean court ordered Chey Tae-won — chairman of SK Group, which operates SK Hynix (SKHY) — to pay his ex-wife $644M in a divorce settlement. Source: BBC.

• 9:45 AM: S&P Global Manufacturing, Services, and Composite PMI Flash
• 10:00 AM: New Home Sales & New Home Sales MoM

Intel (INTC) has released its quarterly earnings.

• Revenue of $16.13B (+25.42% YoY) beats by $1.73B.
• EPS of $0.42 beats by $0.23.
• Financials · As Reported · Metrics · Press Release

Union Pacific (UNP) has released its quarterly earnings.

• Revenue of $6.86B (+11.54% YoY) beats by $292.66M.
• EPS of $3.41 (+12.54% YoY) beats by $0.25.
• Financials · As Reported · Metrics · Press Release

SAP SE (SAP) has released its quarterly earnings.

• Revenue of $11.48B (+12.21% YoY) misses by $6M.
• EPS of $1.85 (+8.82% YoY) misses by $0.16.
• Financials · As Reported · Metrics · Press Release

Newmont (NEM) has released its quarterly earnings.

• Revenue of $6.12B (+15.06% YoY) misses by $260.55M.
• EPS of $2.10 (+46.85% YoY) misses by $0.08.
• Financials · As Reported · Metrics · Press Release

Freeport-McMoRan (FCX) has released its quarterly earnings.

• Revenue of $7.03B (-7.29% YoY) beats by $399.61M.
• EPS of $0.74 (+37.04% YoY) beats by $0.14.
• Financials · As Reported · Metrics · Press Release

Norfolk Southern (NSC) has released its quarterly earnings.

• Revenue of $3.47B (+11.41% YoY) beats by $211.62M.
• EPS of $3.52 (+6.99% YoY) beats by $0.32.
• Financials · As Reported · Metrics · Press Release

Digital Realty Trust (DLR) has released its quarterly earnings.

• Revenue of $1.92B (+28.87% YoY) beats by $264.45M.
• EPS of $2.65 (+41.71% YoY) beats by $0.67.
• Financials · As Reported · Metrics · Press Release

Comfort Systems USA (FIX) has released its quarterly earnings.

• Revenue of $3.27B (+50.30% YoY) beats by $299.77M.
• EPS of $12.53 (+91.88% YoY) beats by $2.12.
• Financials · As Reported · Metrics · Press Release

argenx SE (ARGX) has released its quarterly earnings.

• Revenue of $1.54B (+59.43% YoY) beats by $252.84M.
• EPS of $7.32 (+95.72% YoY) beats by $1.76.
• Financials · As Reported · Metrics · Press Release

Edwards Lifesciences (EW) has released its quarterly earnings.

• Revenue of $1.74B (+13.64% YoY) beats by $41.14M.
• EPS of $0.78 (+16.42% YoY) beats by $0.04.
• Financials · As Reported · Metrics · Press Release

Ameriprise Financial (AMP) has released its quarterly earnings.

• Revenue of $4.94B (+12.91% YoY) beats by $173.19M.
• EPS of $11.07 (+21.51% YoY) beats by $0.45.
• Financials · As Reported · Metrics · Press Release

The Hartford Insurance Group (HIG) has released its quarterly earnings.

• Revenue of $7.26B (+3.95% YoY) beats by $475.94M.
• EPS of $3.42 (+0.29% YoY) beats by $0.20.
• Financials · As Reported · Metrics · Press Release

American Express (AXP) has released its quarterly earnings.

• Revenue of $19.64B (+9.97% YoY) misses by $19.86M.
• EPS of $4.53 (+11.03% YoY) beats by $0.13.
• Financials · As Reported · Metrics · Press Release

NextEra Energy (NEE) has released its quarterly earnings.

• Revenue of $7.53B (+12.45% YoY) misses by $583.66M.
• EPS of $1.15 (+9.52% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

Verizon (VZ) has released its quarterly earnings.

• Revenue of $34.25B (-0.73% YoY) misses by $1.08B.
• EPS of $1.30 (+6.56% YoY) beats by $0.03.
• Financials · As Reported · Metrics · Press Release

HCA Healthcare (HCA) has released its quarterly earnings.

• Revenue of $20.23B (+8.73% YoY) beats by $858.27M.
• EPS of $7.59 (+10.96% YoY) beats by $0.18.
• Financials · As Reported · Metrics · Press Release

Canadian National Railway (CNI) has released its quarterly earnings.

• Revenue of $3.43B (+11.24% YoY) beats by $183M.
• EPS of $1.50 (+11.11% YoY) beats by $0.10.
• Financials · As Reported · Metrics · Press Release

SLB N.V. (SLB) has released its quarterly earnings.

• Revenue of $8.97B (+4.98% YoY) beats by $284.45M.
• EPS of $0.55 (-25.68% YoY) beats by $0.03.
• Financials · As Reported · Metrics · Press Release

UPS (UPS) will report Tuesday.

• Analysts estimate revenue of $21.68B (+2.25% YoY).
• EPS is estimated to be $1.65 (+6.45% YoY).
• Financials · As Reported · Metrics

Waste Management (WM) will report Tuesday.

• Analysts estimate revenue of $6.69B (+4.06% YoY).
• EPS is estimated to be $2.00 (+4.17% YoY).
• Financials · As Reported · Metrics

Barclays (BCS) will report Tuesday.

• Analysts estimate revenue of $11.11B (+15.81% YoY).
• EPS is estimated to be $0.89 (+41.27% YoY).
• Financials · As Reported · Metrics

Microsoft (MSFT) will report Wednesday.

• Analysts estimate revenue of $87.61B (+14.61% YoY).
• EPS is estimated to be $4.23 (+15.89% YoY).
• Financials · As Reported · Metrics

Meta Platforms (META) will report Wednesday.

• Analysts estimate revenue of $60.22B (+26.74% YoY).
• EPS is estimated to be $7.18 (+0.56% YoY).
• Financials · As Reported · Metrics

Automatic Data Processing (ADP) will report Wednesday.

• Analysts estimate revenue of $5.44B (+6.04% YoY).
• EPS is estimated to be $2.60 (+15.04% YoY).
• Financials · As Reported · Metrics

Amazon (AMZN) will report Thursday.

• Analysts estimate revenue of $196.02B (+16.89% YoY).
• EPS is estimated to be $1.82 (+8.33% YoY).
• Financials · As Reported · Metrics

Apple (AAPL) will report Thursday.

• Analysts estimate revenue of $108.86B (+15.77% YoY).
• EPS is estimated to be $1.89 (+20.38% YoY).
• Financials · As Reported · Metrics

Quanta Services (PWR) will report Thursday.

• Analysts estimate revenue of $8.60B (+26.98% YoY).
• EPS is estimated to be $3.25 (+31.05% YoY).
• Financials · As Reported · Metrics

ING Groep (ING) will report Thursday.

• Analysts estimate revenue of $7.12B (+10.13% YoY).
• EPS is estimated to be $0.74 (+17.46% YoY).
• Financials · As Reported · Metrics

• Confirmed today: Scribe Therapeutics Inc. (SCTX), a longevity-oriented pharma company with $36.28M in TTM revenue and 86.7% revenue growth YoY.