Good morning.
The Fast Five → Earnings season kicks off, chipmakers cash in, Micron locks in $22B in AI memory commitments, Paramount weighs leaving California over Warner Bros. rift, and Musk and Altman spar on X after Apple files OpenAI lawsuit...
📌 A Dangerous Financial Plan Unfolding in D.C. Could Cost You 40% of Your Wealth »
(from Stansberry Research)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
Consumer Price Index, 8:30A
Fed Chair Warsh Testifies, 10A
Your 5-minute briefing for Monday, July 13:
BEFORE THE OPEN
As of market close 7/10/2026. Bitcoin as of 7/12/2026.
Pre-Market:
Market Wrap:
Fri: Dow +150 (+0.29%), S&P +0.42%, Nasdaq +0.29%
S&P and Nasdaq each gained more than 1% for the week
Nvidia and Meta led Friday’s Big Tech gains
Meta posted its strongest week since early 2024
SK Hynix jumped 13% in its U.S. market debut
AI enthusiasm continues despite concerns over stretched valuations
US-Iran technical talks continued despite renewed attacks
EARNINGS
Here’s what we’re watching today:
TUE: *Bank of America $BAC ( ▲ 0.71% ), *Citigroup $C ( ▲ 0.87% ), *Goldman Sachs $GS ( ▼ 0.08% ), *JPMorgan $JPM ( ▲ 0.3% )
*Wells Fargo $WFC - $1.72 EPS (+7.5% YoY) on $21.85B revenue (+4.9% YoY)
WED: *BlackRock $BLK ( ▲ 1.61% ), *Johnson & Johnson $JNJ ( ▼ 0.82% ), *Morgan Stanley $MS ( ▲ 0.07% ), United Airlines $UAL ( ▼ 2.36% )
*ASML $ASML ( ▼ 0.38% ) - EPS of $6.88 (+16.6% YoY) on revenue of $8.87 billion (+15.3% YoY)
THU:
*Netflix $NFLX ( ▼ 2.78% ) - EPS of $.79 (+9.7% YoY) on $12.58B revenue (+13.6% YoY)
World's Largest Investors Are Moving Their Money (Not Into AI) —
While the media distracts you with stories about the next big AI IPO... The world's largest investors are moving their money into one asset – at the fastest pace in a generation.
This asset has crushed the S&P 500's return over the past 12 months… More than TRIPLED the S&P 500's return in 2025… and has outperformed the S&P 500 over the past 25 years by more than 1,100 percentage points.
According to one Wall Street veteran, with over 40 years of professional investing experience… the biggest gains could still be ahead.
That's why he's urging you to make one money move now.
- a sponsored message from Stansberry Research -
HEADLINES
Investors step into a packed five-day stretch as second quarter earnings kick off in force, with a healthy selection of economic data releases on the calendar to boot.
David Ellison's confidants are said to be urging him to relocate his corporate headquarters out of the state.
Stock futures slip after US, Iran exchange airstrikes again (more)
Traders grapple with a world that's good for dollar, bad for bonds (more)
Chipmakers cash in as Big Tech pays for the AI boom (more)
Treasury two-year yields rise to highest since 2025 as oil rises (more)
Oil jumps more than 3% after US, Iran launch strikes in Mideast (more)
Gold and silver drop as Mideast strikes heighten rate-hike risks (more)
Dollar jumps on renewed Middle East attacks, Hormuz closure (more)
Traders grapple with world that's good for dollar, bad for bonds (more)
Majority of US workers support an AI wealth fund as tech layoffs surge (more)
SK Hynix shares slide 12% in Seoul after stellar Nasdaq debut (more)
Coinbase, Lyft prove there's more going on than the 'Magnificent 7' (more)
Micron locks in $22B in AI memory commitments from customers (more)
OpenAI, Meta, SpaceX compete for more cost-efficient AI models (more)
Goldman Sachs picks its favorite Chinese AI models (more)
Elon Musk and Sam Altman spar on X after Apple files OpenAI lawsuit (more)
DEALFLOW
M+A | Investments
7-Eleven owner drops go-it-alone strategy with SoftBank deal
Vinod Khosla-led group to buy Seattle Seahawks in major NFL deal
Bayer gets €3 billion in Apollo deal for contraceptives unit
Kazakh tycoon Turlov's Freedom raises $300M for expansion
AltaML receives $6.1M investment from VerticalScope Holdings
VC
Prime Intellect, an open-source decentralized AI training and reinforcement learning infrastructure platform, raised $130M in Series A funding
Vendelux, an AI-powered B2B event intelligence and predictive marketing analytics platform, raised $50M in Series B funding
Hippo Harvest, a robotics leafy greens grower producing USDA-certified organic greens, raised $30M in Series C funding
Hephae Energy Technology, developer of ultra-high temperature robotics for geothermal energy development, raised $17.8M in Series A funding
Piq Energy, an agentic grid planning platform, raised $5M in Seed funding
CRYPTO
BULLISH BITES
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DAILY SHARES
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