Good morning.
The Fast Five → Trump admin refunds $100B in tariffs, Google falls amid seismic leadership shift, Yen steadies after intervention, Citadel posts best month in years, and SpaceX attracts retail buyers after post-earnings slide…
📌 What Is Elon Really Building Inside SpaceX? Why SpaceX Is Elon Musk’s ‘Trojan Horse’ →
(A message from Altimetry)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Tomorrow:
Unemployment Rate, 8:30A
Your 5-minute briefing for Thursday, August 6:
BEFORE THE OPEN
As of market close 8/5/2026.
Pre-Market:
Market Wrap:
Futures: Dow +92 (+0.2%), S&P +0.2%, Nasdaq flat
Wed: Dow +263 (+0.49%), S&P -0.17%, Nasdaq -0.83%
Dow closed at another record high
AI optimism continued despite a tech pullback
Cooling oil prices supported market sentiment
Fed officials remain focused on inflation risks
Focus shifts to Warner Bros., Airbnb, Lyft, jobless claims, and payrolls
EARNINGS
Here’s what we’re watching today:
Today: *DraftKings DKNG, *Warner Bros. Discovery WBD
FRI: *Wendy’s $WEN ( ▲ 3.9% )
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)
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. Free. No credit card required.
- a sponsored message from Altimetry -
HEADLINES
The Trump administration said it has refunded about $100 billion of the tariff revenue that was collected through President Donald Trump’s 2025 “liberation day” duties.
The overhaul is casting doubt over leadership of a critical area of growth right as competition intensifies.
The S&P is back at a record high and the Dow just hit 54,000 (more)
Wall St.'s 'fear gauge' is doing something unusual as stocks hit record highs (more)
Trump admin refunds $100 billion in 'Liberation Day' tariffs (more)
Trump admin to impose 15% tariff on polysilicon (more)
Fed's Kashkari says 'now is the time to start slowly moving' rates up (more)
Yen steadies after intervention and dollar stays near six-week low (more)
Oil prices little changed on negotiations to manage ships in Hormuz (more)
Gold touches seven-week peak on Hormuz reopening hopes (more)
Major Wall Street firms targeted in attempted cyberattacks (more)
SpaceX attracts retail buyers after post-earnings share slide (more)
Meta debuts first AI coding agent to take on Anthropic and OpenAI (more)
AMD falls 8% despite data center revenue doubling (more)
Uber stock sinks 7% after weak guidance despite revenue growth (more)
Etsy laying off 12% of staff in bid to streamline business (more)
JPMorgan’s Dimon leads new cross-industry effort to tackle AI risks (more)
Citadel posts best month in years after scooping up Situational Awareness (more)
DEALFLOW
M+A | Investments
Gran Tierra to sell So. American assets to Maurel and Prom in $1.33B deal
Starboard Value has taken new position in Shake Shack
Bridge received $500M from LuminArx Capital Management
Solar Landscape receives investment from Copenhagen Infrastructure Partners
Executive Exteriors receives investment in undisclosed amount
VC
Valar Atomics, a developer of nuclear power plants, raised $1B in Series B funding accompanied by a $200M credit facility
Expedition Therapeutics, a clinical-stage biotech platform, raised $115M in Series B funding
Convex, a reactive backend platform, raised $57M in Series B funding
Faye, an AI-powered travel protection platform, raised $50M in Series C funding
Aurelius Systems, an autonomous directed-energy tech platform, raised $40M in Series A funding
WindBorne Systems, a weather intelligence platform, raised $37M in Series B funding
Multiplier, a tech platform for professional-services firms, raised $35M in Series B funding
Ordway, a monetization and billing platform, raised $20M in equity and debt funding
Advocate Technologies, a commercial insurance benchmarking platform, raised $18M in Seed funding
RWX, a dev cloud platform built for AI-driven software engineering, raised $12M in Series A funding
Wellinks, a cardiopulmonary care platform provider, raised $10M in the first close of its Series B funding
Mitti Labs, a deep-tech company and provider of a GeoAI satellite platform, raised $9.5M in Series A funding
Pinegap, a provider of an AI-powered equity research platform, raised $8M in Series A funding
Intelligence, a crowdsourced benchmarking platform for AI-generated visual design operating as Design Arena, raised $7.9M in Seed funding
Proxy Foods AI, a food and beverage R&D platform, raised $6M in Seed funding
Rivo, an autonomous cash management platform, raised $2.7M in Seed funding
CRYPTO
BULLISH BITES
🚀 What Wall Street expects from SpaceX's first earnings report.
🤑 ‘Boss Wants this Money’: Inside Trump’s unprecedented fundraising operation.
💸 The rent was already high. Then came the $200 work-from-home fee.
😱 ‘Naked dressing’ is spreading and it’s making things awkward.
DAILY SHARES
Have feedback or a suggestion?
💌 Send us a message
*sponsored message
Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team.
