• Market recap: All 3 main indices posted gains above 0.5% on Friday, with Amazon (AMZN) leaping 15%. Source: CNBC.
• AstraZeneca explores Bristol deal: AstraZeneca (AZN) is in early-stage talks for a buyout of Bristol-Myers Squibb (BMY). A deal could create the world's largest drugmaker with $107B in annual revenue, but investor concerns led AZN down 4.5% premarket. BMY gained 6%. Source: Bloomberg.
• Berkshire shares climb: Berkshire Hathaway (BRK.B) hit an 8-month high as investors looked past its recent underperformance versus the S&P 500. Rising values of major holdings, plus potential buybacks, are supporting sentiment. Source: CNBC.
• Marriott falls on earnings: Marriott (MAR) reported Q2 revenue of $7.07B, missing estimates as Middle East conflict cut international demand, but raised its full-year outlook amid strong North America performance. Shares fell 2.4% premarket. Source: WSJ.
• New Chinese AI models: Alibaba (BABA) unveiled its biggest and most powerful AI model, lifting shares 4% premarket, while DeepSeek launched an ultra-low-cost model priced far below leading U.S. rivals. Source: Reuters.
• Base Power expands battery network: Base Power — founded by tech titan Michael Dell's son Zach — raised $1B at a $13B valuation to accelerate residential battery deployments. The startup has installed more than 23K home batteries. Source: WSJ.
• Spider-Man wins silver: Sony’s (SONY) new Spider-Man movie grossed $927M globally in its opening weekend, the 2nd-biggest debut ever. Still, shares fell 2.4% premarket. Source: BBC.
• European Xbox price tag skyrockets: Microsoft (MSFT) is raising Xbox prices by €200 in the E.U. and £170 in the U.K. Shares rose 1.8% premarket. Source: The Verge.
• FIFA scraps investment plan: FIFA abandoned its plan to sell minority stakes in the World Cup and other competitions after broad opposition from soccer leagues. Source: BBC.

• BP exits North Sea: Oil giant BP (BP) is selling its North Sea business as part of a portfolio overhaul, ending 60 years in the region. Shares fell 3% premarket. Source: BBC.
• Oil prices retreat: Oil prices fell 4% to $84 per barrel as investors welcomed a pause in U.S.-Iran fighting and potential peace talks. Gas remains elevated, with the average U.S. gallon at $4.10. Sources: NY Times / AAA.
• Airfares stay elevated: U.S. airfares rose 26.5% YoY in June due to higher fuel costs. Airlines expect prices to remain high amid strong demand, labor costs, and maintenance expenses. Source: CNBC.
• OPEC+ increases output: OPEC+ approved a September production increase of 188K barrels per day, completing a rollback of its 2023 voluntary cuts. The group may pause further increases in Q4. Source: WSJ.

• Tokyo, D.C. stage yen intervention: Japan and the U.S. confirmed coordinated yen-buying intervention and may take further action to support the currency. The move boosted expectations for a Japanese rate hike next month and sharply weakened the dollar. Sources: Reuters / AP.
• Consumer sentiment improves: U.S. consumer sentiment rose 12% in July to 55.2, while 1-year inflation expectations fell to 4.2% from 4.6%. Source: U.S. News & World Report.
• Mexican economy rebounds: Mexico's economy grew 1.5% in Q2, its strongest quarterly expansion since late 2020, aided by broad-based gains and a World Cup-related boost. Source: WSJ.
• Saudi economy contracts: Saudi Arabia’s economy shrank 4.8% in Q2 — its deepest contraction since the pandemic — as a 24.7% drop in oil-sector output tied to the Iran War outweighed modest non-oil growth. Source: Bloomberg.
• European factory output surges: Eurozone manufacturing output reached a 4.5-year high in July, but growth relied on clearing order backlogs as new demand and export orders remained weak. Source: Reuters.

• Trump calls off Iran strikes: President Trump halted planned strikes on Iran after Tehran and regional countries allegedly sought talks, with negotiations set to begin today. Source: NPR.
• Global fires: Wildfires in Spokane County, WA, have destroyed hundreds of buildings, forced about 60K evacuations, and burned more than 5,390 acres. Separately, 2 firefighters died when 2 firefighting helicopters crashed in midair in Greece. Sources: NY Times / CNBC.
• Blanche rescinds DOJ slush fund: Acting AG Todd Blanche formally rescinded President Trump's $1.8B anti-weaponization fund and narrowed tax-audit protections, aiming to secure Republican support for his confirmation. Source: WSJ.
• Idaho shooting kills 3: A gunman killed 3 people and injured 7 at a newly opened In-N-Out in Twin Falls, Idaho, before taking his own life. Source: CNN.
• Capital One defends account closures: Capital One (COF) said it closed Trump Organization accounts in 2021 after an anti-money laundering review, rejecting claims that the decision was politically motivated. Source: Reuters.

• 10:00 AM: ISM Manufacturing PMI & ISM Manufacturing Employment
• Tuesday: JOLTs Job Openings
• Wednesday: ISM Services PMI
• Friday: Non Farm Payrolls, Unemployment Rate

Ares Management (ARES) has released its quarterly earnings.

• Revenue of $1.02B (+13.03% YoY) misses by $158.38M.
• EPS of $1.29 (+25.24% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

AngloGold Ashanti (AU) has released its quarterly earnings.

• Revenue of $3.03B (+26.05% YoY) misses by $155.15M.
• EPS of $1.98 (+58.40% YoY) misses by $0.11.
• Financials · As Reported · Metrics · Press Release

Cameco (CCJ) has released its quarterly earnings.

• Revenue of $588M (-7.19% YoY) beats by $53.64M.
• EPS of $0.13 (-74.51% YoY) misses by $0.23.
• Financials · As Reported · Metrics · Press Release

Cboe Global Markets (CBOE) has released its quarterly earnings.

• Revenue of $731.60M (+24.57% YoY) beats by $38.65M.
• EPS of $3.56 (+44.72% YoY) beats by $0.24.
• Financials · As Reported · Metrics · Press Release

Fortis (FTS) has released its quarterly earnings.

• Revenue of $2.12B (+4.08% YoY) beats by $7M.
• EPS of $0.56 (+1.82% YoY) in line with estimates.
• Financials · As Reported · Metrics · Press Release

nVent Electric (NVT) has released its quarterly earnings.

• Revenue of $1.47B (+52.75% YoY) beats by $216.57M.
• EPS of $1.45 (+68.60% YoY) beats by $0.29.
• Financials · As Reported · Metrics · Press Release

T. Rowe Price Group (TROW) has released its quarterly earnings.

• Revenue of $1.91B (+10.70% YoY) beats by $28.47M.
• EPS of $2.57 (+14.73% YoY) beats by $0.24.
• Financials · As Reported · Metrics · Press Release

Church & Dwight Co. (CHD) has released its quarterly earnings.

• Revenue of $1.53B (+1.57% YoY) beats by $16.89M.
• EPS of $0.89 (-5.32% YoY) misses by $0.01.
• Financials · As Reported · Metrics · Press Release

Brookfield Renewable Partners (BEP) has released its quarterly earnings.

• Revenue of $1.71B (+1.06% YoY) beats by $62.85M.
• EPS of -$0.37 beats by $0.01.
• Financials · As Reported · Metrics · Press Release

Banco de Chile (BCH) has released its quarterly earnings.

• Revenue of $1.00B (+22.27% YoY) beats by $88.44M.
• EPS of $0.84 (+29.23% YoY) beats by $0.19.
• Financials · As Reported · Metrics · Press Release

LyondellBasell Industries (LYB) has released its quarterly earnings.

• Revenue of $9.18B (+19.84% YoY) misses by $99.65M.
• EPS of $4.30 (+593.55% YoY) beats by $1.06.
• Financials · As Reported · Metrics · Press Release

Marriott International (MAR) has released its quarterly earnings.

• Revenue of $7.07B (+4.85% YoY) misses by $116.62M.
• EPS of $3.19 (+20.38% YoY) beats by $0.14.
• Financials · As Reported · Metrics · Press Release

EchoStar (ECHO) has released its quarterly earnings.

• Revenue of $3.58B (-4.00% YoY) misses by $26.49M.
• EPS of $0.14 misses by $1.95.
• Financials · As Reported · Metrics · Press Release

Tyson Foods (TSN) has released its quarterly earnings.

• Revenue of $13.87B (-0.12% YoY) misses by $306.04M.
• EPS of $0.99 (+8.79% YoY) misses by $0.03.
• Financials · As Reported · Metrics · Press Release

Allison Transmission Holdings (ALSN) will report today after close.

• Analysts estimate revenue of $1.50B (+84.69% YoY).
• EPS is estimated to be $2.56 (+11.79% YoY).
• Financials · As Reported · Metrics

SpaceX (SPCX) will report tomorrow after market close.

• Analysts estimate revenue of $6.87B (n/a YoY).
• EPS is estimated to be -$0.16.
• Financials · As Reported · Metrics

TopBuild (BLD) will report tomorrow before market open.

• Analysts estimate revenue of $1.54B (+18.81% YoY).
• EPS is estimated to be $4.79 (-9.79% YoY).
• Financials · As Reported · Metrics

Duke Energy (DUK) will report tomorrow before market open.

• Analysts estimate revenue of $7.60B (+1.19% YoY).
• EPS is estimated to be $1.27 (+1.60% YoY).
• Financials · As Reported · Metrics

Henry Schein (HSIC) will report tomorrow before market open.

• Analysts estimate revenue of $3.37B (+4.08% YoY).
• EPS is estimated to be $1.23 (+11.82% YoY).
• Financials · As Reported · Metrics

Ternium (TX) will report tomorrow after market close.

• Analysts estimate revenue of $4.42B (+12.07% YoY).
• EPS is estimated to be $1.28 (0.00% YoY).
• Financials · As Reported · Metrics

Itaú Unibanco Holding (ITUB) will report tomorrow after market close.

• Analysts estimate revenue of $9.40B (+16.47% YoY).
• EPS is estimated to be $0.22 (+22.22% YoY).
• Financials · As Reported · Metrics

The Timken Company (TKR) will report tomorrow before market open.

• Analysts estimate revenue of $1.23B (+5.08% YoY).
• EPS is estimated to be $1.62 (+14.08% YoY).
• Financials · As Reported · Metrics

Eli Lilly (LLY) will report Wednesday.

• Analysts estimate revenue of $20.44B (+31.35% YoY).
• EPS is estimated to be $8.84 (+40.10% YoY).
• Financials · As Reported · Metrics

MercadoLibre (MELI) will report Wednesday.

• Analysts estimate revenue of $9.67B (+42.43% YoY).
• EPS is estimated to be $8.95 (-13.19% YoY).
• Financials · As Reported · Metrics

Canadian Natural Resources (CNQ) will report Thursday.

• Analysts estimate revenue of $9.32B (+48.31% YoY).
• EPS is estimated to be $1.40 (+174.51% YoY).
• Financials · As Reported · Metrics

Cloudflare (NET) will report Thursday.

• Analysts estimate revenue of $666.17M (+30.03% YoY).
• EPS is estimated to be $0.21 (0.00% YoY).
• Financials · As Reported · Metrics

Datadog (DDOG) will report Thursday.

• Analysts estimate revenue of $1.08B (+30.45% YoY).
• EPS is estimated to be $0.49 (+6.52% YoY).
• Financials · As Reported · Metrics

• Estimated Wednesday, Aug. 5: Attovia Therapeutics, Inc. (ATTO), an immunology-focused pharma firm with $1.35M in TTM revenue.
• Estimated Thursday, Aug. 6: Braveheart Bio, Inc. (BRVE), a cardiovascular-focused pharma firm.
• Estimated Thursday, Aug. 6: Vogenx, Inc. (VOGX), a metabolism-focused pharma firm.