Market update for Wednesday August 12, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: July inflation cools to 3.4% CoreWeave’s revenue surges and backlog grows to $130 billion Cava’s strong traffic growth as customers keep spending on pita chips Lumentum surges on booming AI data-center demand, while On Holding recovers from historic selloff Fun Fact: AI computing power is becoming a tradable asset class

CoreWeave Shares Pop as Revenue Doubles, Cava’s Strong Traffic Growth Ignites Investor Appetite

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Wednesday, August 12th. In today's episode, we'll break down the July inflation report that just dropped this morning and what it means for the Fed. We'll also recap earnings from CoreWeave, Cava and Lumentum. Then stick around to the end of the show to find out how you'll soon be able to trade AI computing power like a barrel of oil.

We got a great show for you today. Let's go. Tuesday was another slow day for the markets. The S&P 500 fell 0.3% and the NASDAQ dropped 0.6%. It was a relatively light volume day. I think traders were waiting for the July CPI report before making any big moves. And we got the numbers this morning. Headline inflation for the month of July was up 3.4% year over year, which was right in line with expectations.

And then on a monthly basis, prices were up just 0.1%. Core CPI, which strips out food and energy, rose 0.2% for the month and was up 2.5% from a year ago. Again, both those numbers were in line with expectations. So overall, this was a pretty tame inflation report. The big picture is that the energy shock from the Iran war continues to fade. Energy prices fell another 1.5% in July after dropping 5.7% in June.

Now, gas prices are still much higher than they were before the war started, but they were lower on average in July than they were in June. Now, keep in mind, inflation is still above the Fed's 2% target, not to mention oil prices are starting to tick back up again.

CoreWeave Shares Pop as Revenue Doubles, Cava’s Strong Traffic Growth Ignites Investor Appetite

Read the full transcript

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

CoreWeave Shares Pop as Revenue Doubles, Cava’s Strong Traffic Growth Ignites Investor Appetite

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.