Stocks Rally on Strong Earnings; SpaceX's AI Spending Hits Shares | Bloomberg Brief 08/05/26
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US 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 &
Tags: AI investment, AI risks, AMD, Abdul El-Sayed, Abeer Abu Omar, Alice French, Chloe Meley, Donald Trump, Elon Musk, First Eagle Investment Management LLC, Geetha Rangananthan, Haley Stevens, Iran, Japanese yen, Justina Lee, Kate Ackley, Leen Al-Rashdan, Matthew McLennan, Michigan, Neil Campling
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