Good morning.
The Fast Five → Trump admin rebuilds tariffs, 'Magnificent 7' shed $797 billion, Congress splits on war power resolutions, SpaceX short sellers build $15.5B paper profit, Musk edges toward a Tesla-SpaceX merger…
📌 The man CNBC calls "The Prophet," twice featured on 60 Minutes — is revealing the name and ticker of what he calls America's Greatest Retirement Stock »
(from Behind The Markets)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Monday:
None watched
Your 5-minute briefing for Friday, July 24:
BEFORE THE OPEN
As of market close 7/23/2026.
Pre-Market:
Market Wrap:
Futures: Dow -20, S&P flat, Nasdaq -0.26%
Thu: Dow -500 (-1.0%), S&P -1.2%, Nasdaq -2.2%
Oil topped $100 as Middle East tensions escalated
Tesla and Alphabet earnings weighed on tech
Asian markets fell sharply on global risk concerns
Major indexes remain on pace for weekly losses
Focus shifts to inflation, oil, and earnings
EARNINGS
Here’s what we’re watching today:
Today: *American Express $AXP ( ▼ 2.27% ), *Verizon $VZ ( ▼ 1.06% )
The Closest Thing to a Virtual AI Monopoly Wall Street Is Ignoring
A little-known company is building what may be the closest thing to a virtual monopoly the AI era has ever seen.
Only 3...
Yet it beat Apple, Amazon, and the S&P 500 combined...
While paying out $146,000 in total dividends on a 1,000-share stake.
Kevin O'Leary calls what it controls a "unicorn."
Right now, it's trading at a rare discount.
- a sponsored message from Stansberry Research -
HEADLINES
The levies follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers.
The "Magnificent Seven" group of stocks suffered its steepest one-day decline since the tariff-driven market sell-off in April 2025.
Wall St falls as tech earnings spark AI spending worries and oil hits $100 (more)
Stock market can no longer brush off war: ‘It’s too hard to ignore $100 oil’ (more)
10-yr Treasury yield rises to highest since January 2025 (more)
Trump "close" to decision on "massive attack" against Iran (more)
Congress splits on war resolutions to force Trump to abandon Iran war (more)
US gov: Iran-linked hackers are disrupting American water, energy providers (more)
Odds of Fed rate hike surge as oil prices rip higher (more)
US jobless claims unexpectedly fall to lowest level since 1969 (more)
Dollar hits new 40-yr high versus yen, euro lower after ECB decision (more)
Tesla falls 14%, Alphabet -6% as AI spending concerns spook investors (more)
Intel jumps, riding AI boom to fastest revenue growth in almost 15 years (more)
Blackstone Q2 2026 earnings beat on AI investments, record inflows (more)
SpaceX short sellers build $15.5B paper profit as shares extend decline (more)
'More and more overlap': Musk edges toward a Tesla-SpaceX merger (more)
Google discloses $94.1B SpaceX stake in Q2 filing (more)
EU hits Google with $1 billion antitrust fine (more)
Oracle signs 10-yr software contract with Pentagon worth $7 billion (more)
AMD inks deal with AI chip startup Cerebras (more)
DEALFLOW
M+A | Investments
Matador buys Permian Basin Acreage in $1.3B deal with EnCap
Blackstone leads $400M private loan for HVAC firm buyout
Ken Griffin buys Miami site opposite Citadel HQ for $3M
VC
Atoms, an industrial robotics and automation company, raised $1.7B in funding
Cathedral, AI-driven cyber warfare platforms and defensive national security systems, raised $160M in funding
Paper, a design platform for agentic AI, raised $34M in Series A funding
Abstract, a company specializing in composable security operations, closed a $25M funding round
Transcripta Bio, an AI-powered drug discovery company focused on neurological and neuromuscular diseases, raised $24M in funding
Elio, a company building sensors designed for AI rather than the human eye, raised $21M in funding
Trooly, an AI-native user research platform, raised nearly $20M in Seed funding
1872, an AI-native manufacturing startup, raised $15M in Seed funding
Cheiron, an operating system for drug programs, raised $8M in Seed funding
Petra Labs, an end-to-end answer engine optimization company, raised $5.2M in Seed funding
Coverwatch, an AI-native solution for evaluating risk, closing coverage gaps, and lowering premiums, raised $4.5M in Pre-Seed funding
Cast Insights, a real-time spoken intelligence platform, raised $4.5M in Pre-Seed funding
WATT Fuel Cell, a developer and manufacturer of advanced solid oxide fuel cell systems, closed an equity financing in undisclosed amount
CRYPTO
Clarity Act expected to miss its window before Congress’ summer break (more)
Bitcoin wilts as oil and rates rise. Clarity Act odds tumble to 38% (more)
Goldman CEO backs Clarity Act despite banking industry's concerns over stablecoin rules (more)
BitMEX, the exchange that invented perps, is shutting down (more)
BlackRock, Coinbase, Strategy in a new group pledging $15M to prepare Bitcoin for quantum threats (more)
BULLISH BITES
🚖 Someone call Tesla a Robotaxi, or SpaceX, quick.
📉 Everything is going wrong for oil markets right now.
🤑 Why midterms could be a buying opportunity for S&P 500.
🧳 The 50 Greatest Luxury Hotels on Earth.
DAILY SHARES
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