Market update for June 29, 2026 Deep Dive: Why is AI making everything more expensive: (Spotify, YouTube) 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: Comcast is splitting into two companies (and why the market loved it) SpaceX&#x27;s plan to launch a Starlink mobile phone service Rocket Lab&#x27;s $8 billion acquisition of Iridium Why Verizon stock is getting punished for its international deal Fun Fact: Microsoft is having its worst month since the dot-com crash

SpaceX Eyes Mobile Phone Partnership, Rocket Lab Acquires Iridium for $8B

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Monday, June 29th. In today's episode, we'll break down last week's tech sell-off and why investors are suddenly worried about the AI trade. We'll also tell you why Comcast is breaking itself apart and why SpaceX wants to become your next phone carrier.

Then stick around to the end of the show to find out why Michael Burry is betting on Microsoft. We got a great show for you today. Let's go. Markets are coming off a tough week. The S&P 500 and NASDAQ fell every single day last week with the S&P closing down 2% while the NASDAQ fell 4.6% on the week. Tech and chip stocks took the worst of it.

The Semiconductor Index fell nearly 8%, its worst week in more than a year. There seems to be growing concern now about the negative impacts of the AI boom, especially to consumers. There was a shock to the market last week when Apple and Microsoft both announced pretty significant price hikes to their products because of higher memory prices caused by the AI boom. We actually did a whole deep dive on this topic over the weekend, so go check that out if you missed it. We'll put a link in the description.

Now, the other concerning thing to keep an eye on is the amount of leverage in the market right now. Market debt hit a record $1.4 trillion in May, which means that people are borrowing more and more money than ever to invest in the stock market. Here's a crazy stat. Leverage ETFs have nearly doubled to $220 billion.

SpaceX Eyes Mobile Phone Partnership, Rocket Lab Acquires Iridium for $8B

Read the full transcript

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

SpaceX Eyes Mobile Phone Partnership, Rocket Lab Acquires Iridium for $8B

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.