Good morning.
The Fast Five → Trump tees up new tariffs on 60 more countries, also plans 100% tariff on generic drugs, Supermicro jumps amid record $60B backlog, Goldman creates private markets platform, and SpaceX sets earnings date...
📌 Top Wall St Adviser: Prepare for crash 62 times worse than Great Depression »
(from Altimetry)
Calendar: Full Calendar »
Today:
None scheduled
Tomorrow:
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, July 22:
BEFORE THE OPEN
As of market close 7/21/2026.
Pre-Market:
Market Wrap:
Futures: Dow -16 (-0.04%), S&P flat, Nasdaq flat
Tue: Dow +151 (+0.29%), S&P +0.44%, Nasdaq +0.61%
Strong earnings and chip stocks lifted markets
Investors remain focused on AI demand and spending
Markets await another wave of major tech earnings
Oil rose as Middle East tensions fueled supply concerns
Focus shifts to Alphabet, Tesla, IBM, and Texas Instruments
EARNINGS
Here’s what we’re watching today:
Today: *AT&T $T ( ▲ 1.41% )
Alphabet $GOOGL ( ▼ 1.38% ) - $1.72 EPS (+7.5% YoY) on $21.85B revenue (+4.9% YoY)
Tesla $TSLA ( ▲ 2.53% ) - $.54 EPS (+35% YoY) on $26.4B revenue (+17.3% YoY)
THU: *American Airlines $AAL ( ▲ 0.93% ), *Blackstone $BX ( ▲ 0.44% ), *Southwest Airlines $LUV ( ▲ 0.72% )
Intel $INTC ( ▲ 8.64% ) - $.22 EPS vs a year-ago loss of $.10 EPS, on $14.4B revenue (+11.6% YoY)
FRI: *American Express $AXP ( ▼ 0.32% ), *Verizon $VZ ( ▲ 0.64% )
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HEADLINES
Washington has already hit Canada and Brazil with new levies, amplifying global trade uncertainty.
Supermicro stock jumped in after-hours as the company upped its gross margin guidance amid a record backlog of orders.
Wall St ends higher on chip stocks recovery; earnings in focus (more)
Trump plans 100% tariff on generic drugs from August 2028 (more)
Dimon: markets underestimate risks, he wouldn't buy stocks or Treasurys at current prices (more)
Bloomberg warns Trump's AI ownership plan would make 'George Orwell blush' (more)
Oil prices rise slightly after US announces new round of strikes on Iran (more)
Goldman: Brent oil could near its war-era peak, hitting $120 (more)
SpaceX sets earnings date, triggering first lock-up exp. for millions of shares (more)
Bets against SpaceX grow to 32% of float, Musk warns short sellers won't survive (more)
Tesla's jump in sales comes as Optimus, Robotaxi bets require more cash (more)
GM boosts full-year guidance, reports Q2 earnings beat as costs come down (more)
Novo sues Lilly amid escalating weight-loss rivalry (more)
Nike to cut off thousands of online distributors in China (more)
OpenAI names BNY, Nubank CEOs to board ahead of IPO (more)
Goldman creates private markets platform as rich investors seek the next SpaceX, Stripe (more)
DEALFLOW
M+A | Investments
Microsoft to fund Mistral's European AI expansion in multibillion-dollar deal
Utz will go private in $2.9B deal with Intersnack
FactorLab receives investment from Falfurrias Growth Partners
Twenty receives $30M investment from Khosla Ventures
VC
Augustus, a fintech company, raised $180M in Series B funding
Assort Health, an AI agents platform for the patient journey, raised $120M in Series C funding
American Growth Insurance, an AI-enabled insurance brokerage growth platform, raised $70M in funding
Natural, a company developing payments infrastructure for AI agents, raised $30M in Series A funding
Gritt, a company building an intelligent system combining robotics and AI, raised $26M in Series A funding
Infinity, an AI research company building a software layer making AI chips inference-ready, raised $15M in Seed funding
MyDecisive, an AI DevOps solution service, raised $12M in funding
Cordant, a command center for payments companies, fintechs and banks, raised $8M in Seed funding
Sofab Inks, specializing in specialty materials for perovskite solar, raised $6M in Seed funding
Woddle Baby, an AI-powered infant health monitoring company, raised $5M in Seed funding
Vikk AI, an AI-powered legal discovery platform, raised $4.2M in Pre-Seed and Seed funding
Photon Queue, a company building quantum storage and computing systems, raised $4M in Seed funding
Cascade, a provider of an AI pursuit platform for architecture, engineering and construction (AEC) firms, raised $3.5M in funding
Estrigenix Therapeutics, a biotech company developing selective estrogen receptor-beta therapeutics, raised $2M in Seed funding
Alocity, an AI operating system for physical spaces, raised Series A funding in undisclosed amount
CRYPTO
BULLISH BITES
⚠️ Top Wall St adviser warns of massive crash. *
💸 Five US tech giants' hidden debts soar to $1.65tn on AI funding.
🐝 Jack Dorsey is taking on Slack with Buzz.
🤑 It’s Official: Miami is now more expensive than New York.
🐑 Is this the Louis Vuitton of lamb?
DAILY SHARES
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