Andrew, Ben, and Tom discuss Comcast&#x27;s 20% surge on the announced spinoff of NBCUniversal and Sky from its cable business, Korea&#x27;s plan to orchestrate $880 billion in AI capacity spending by 2029 with Samsung and SK Group leading $570 billion of chip investment, Apple lobbying the Trump administration for clearance to buy memory chips from blacklisted CXMT as the memory squeeze pushes hyperscalers to find new sources, Williams&#x27; proposed $5.5 billion deal for Momentum Midstream, and the renewed back-and-forth in the Strait of Hormuz as Iran and the US move to talks in Doha. Join our live YouTube stream Monday through Friday at 8:30 AM EST: http://www.youtube.com/@TheMorningMarketBriefing Please see disclosures: https://www.narwhal.com/disclosure

Comcast +20% on NBCU Spinoff, Korea Bets $880B on AI Chips, Hormuz Fighting Resumes | June 29, 2026 – Morning Market Briefing

The Morning Market Briefing

Hey everybody, welcome to The Morning Market Briefing. It's Monday, June 29, 2026. Hope you're doing well out there. No call this upcoming Friday, July 3rd. Market is closed in honor of America 250. So big week, short week ahead. Let's jump in with energy, Ben, because we got a number of storylines having a bit of an impact, not the least of which is our dear friend, the Strait of Hormuz.

Really slowing down there as this deal continues to not deal. Yeah, this kind of started Thursday night when Iran tried to attack a ship that crossed the Strait close to Oman, which was not approved, and then another one carrying oil from Qatar. The U.S. responded with attacks on Iranian communications, drone and missile sites along the coast, and then Iran attacked Kuwait and Bahrain.

It was gone back and forth. They were supposed to meet in Switzerland, but these talks stalled due to the fighting. And so now it looks like because markets are open, cooler heads are apparently prevailing, and there are going to be more talks potentially in Doha later, beginning tomorrow actually.

So it seems like both sides are tentatively agreeing, but the fly in the ointment right now is Lebanon, Israel, and Lebanon have agreed to stop fighting, but Hezbollah has said, we don't agree. No way.

It may exist in oil for some time just because of the uncertainty about will they shut it down or won't they. Yeah, it's interesting, and I think the – I'm curious if we continue to see these little spats, how effective the distancing will be for Trump and others as the midterms come due.

Comcast +20% on NBCU Spinoff, Korea Bets $880B on AI Chips, Hormuz Fighting Resumes | June 29, 2026 – Morning Market Briefing

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Comcast +20% on NBCU Spinoff, Korea Bets $880B on AI Chips, Hormuz Fighting Resumes | June 29, 2026 – Morning Market Briefing

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.