Good morning.
The Fast Five → Microsoft makes stock market history, Korean stocks surge by record 17%, Apple disappoints, Warsh hints at new inflation roadmap, and high-flying hedge fund sells holdings to Citadel after big AI losses…
📌 Elon Musk is About to Take AI Vertical: His master plan is buried inside the SpaceX S-1 – the AI economy you think you understand won't exist anymore. You could wake up tomorrow and discover your money is suddenly in all the wrong places.
Full story here »
(from Altimetry)
Calendar: Full Calendar »
Today:
None watched
Monday:
ISM Manufacturing PMI, 10A
Your 5-minute briefing for Friday, July 31:
BEFORE THE OPEN
As of market close 7/30/2026.
Pre-Market:
Market Wrap:
Futures: Dow +0.39%, S&P +0.38%, Nasdaq +0.9%
Thu: Dow +2.4%, S&P +1.8%, Nasdaq +2.9%
Amazon and Microsoft fueled the AI rally
Apple fell despite stronger-than-expected revenue
Chip stocks surged on renewed AI optimism
Markets rebounded after Wednesday's sharp selloff
Week: Dow +0.5%, S&P +0.4%, Nasdaq +0.6%
EARNINGS
Here’s what we’re watching today:
Today: *Dominion Energy $D ( ▼ 1.16% ), *Exxon $XOM ( ▲ 0.14% )
*Chevron $CVX ( ▲ 0.24% ) - $5.52 EPS (+211.9% YoY) on $61.46B revenue (+37.1% YoY)
SpaceX S-1 Reveals Elon's Hidden Empire:
Get the Name and Ticker of the No. 1 Stock at the Center of It
(Not Tesla or SpaceX) Here »
Analyst Rob Spivey – whose institutional research is followed by Goldman Sachs, JPMorgan Chase, BlackRock, and Fidelity – just went on location at SpaceX's Starbase HQ to reveal what he's discovered about Elon’s biggest move yet...
He says the real opportunity in the largest IPO in history has nothing to do with rockets – and he's giving away his No. 1 stock pick to prove it. No credit card required.
Get the name and ticker (not Tesla or SpaceX) and the full story here.
- a sponsored message from Altimetry -
HEADLINES
“We let you down this month,” Leopold Aschenbrenner’s hedge-fund firm told investors after selling the bulk of its stocks to Citadel.
South Korean stocks climbed on Friday, rebounding from steep losses earlier this week.
Tech powers Nasdaq surge, Dow and S&P 500 rebound (more)
Warsh hints at new inflation roadmap, stoking investor angst (more)
FTC sues Hims & Hers for sharing patients' medical data with advertisers (more)
Iran war shows China's role in setting the price of oil (more)
BOJ holds rates at 1%, warns of underlying inflation exceeding 2% target (more)
US economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3% (more)
30-yr yield hovers near 2007 high as traders weigh Fed decision (more)
Average 30-yr mortgage rate rises to highest level in a year at 6.66% (more)
AI-related imports prove to be drag on US growth (more)
Microsoft makes history with single-day gain in market value (more)
Apple disappoints with forecast dogged by supply chain struggles (more)
Amazon soars after earnings showcase strong AI, chip demand (more)
Zoox wins first US approval for paid robotaxis without human controls (more)
Tesla weighs sale of China business for potential SpaceX merger (more)
Rivian reports strong results, lifts guidance (more)
Jersey Mike's opens at $21 per share, valuing company at over $7B (more)
Retailer Reformation opens flat in market debut after pricing IPO at $15 (more)
Banks in talks to lend $15B for Anthropic data center backed by Google (more)
OpenAI CEO Sam Altman announces 'major' price cuts (more)
DEALFLOW
M+A | Investments
ICE to buy MarketAxess in $5.7B deal to expand fixed-income offerings
THE•TEAM receives strategic investment from Providence Equity Partners
heytruffle receives investment from Preface Ventures
Oxane Partners receives investment from TA Associates
VC
Commonwealth Fusion Systems, a commercial fusion energy company, raised $1B in additional equity financing
K2 Space, a satellite manufacturing company, raised $500M in Series D funding
Simile, a developer of AI-powered human behavior foundation models and simulation software, raised $200M in Series B funding
CAIS, an investment platform for independent financial advisors, raised $170M in Series D funding
Onyx Security, a secure AI control plane platform for enterprises, raised $113M in Series B funding
Lydian, a provider of synthetic aviation fuel production solutions, raised $43M in Series A funding
DataBahn, an agentic data control plane platform, raised $40M in Series B financing
The Farmer Companies, a cheese snack platform, raised $17M in Series A financing
Henry AI, an AI platform automating work for commercial real estate teams, raised $16.5M in Series A funding
Dili, an AI-native compliance platform for the industries powering America's infrastructure buildout, raised $15M in Series A funding
Sent, a unified messaging API platform, raised $12M in Series A financing
UNIT AI, an AI-powered platform for e-commerce fulfillment and returns, raised $12M in funding
Buildforce, a tech-enabled electrician staffing marketplace platform, raised $10M in Series A funding
Discern, a software-first registered agent platform that automates state filings, raised $10M in Series A financing
Cantina, a community-powered agentic security platform, raised $8M in funding
Polar, an AI browser platform that automates work, raised $5.7M in Seed funding
Vector Legal, an AI-native law firm and legal tech platform for startups, closed a $5.19M Seed financing
CopySight, an AI IP governance platform for commercial content creation, raised $3M in Seed funding
Dimension, an agentic AI operating system for social commerce, raised $1.65M in Seed funding
CRYPTO
BULLISH BITES
😱 Don’t freak out about Kevin Warsh’s ‘credibility’.
🤑 Rich young Americans are ditching the stock market.
🤖 LinkedIn adds a “Seems like AI slop” reporting button.
🎬 Own a piece of Hollywood: 1,400+ iconic film props are heading to auction in LA.
DAILY SHARES
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