Market update for June 25, 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: Oil prices falling back near pre-Iran war levels and what that could mean for inflation Micron’s monster earnings and why it may have just saved the AI trade Qualcomm pops on AI data center push Wendy’s meme-stock rally stays alive Darden falls on Olive Garden weakness Fun Fact: CEO pay hitting record high

Micron’s Monster Quarter Sends Stock Ripping, Olive Garden Spoils Darden Earnings

The Rundown

# Full Transcript

**Podcast:** The Rundown

## Participants

- **Zaid Admani** (Public.com)

## Transcript

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Thursday, June 25th. In today's episode, we'll break down Micron's monster earnings and why it saved the AI rally. We'll also tell you about the big moves coming from Qualcomm. Then stick around to the end of the show to find out who the second highest paid CEO was in 2025.

And I guarantee you probably never heard of this guy. We got a great show for you today. Let's go. Markets are coming off another down day of trading. The S&P 500 fell 0.1% yesterday while the NASDAQ fell 0.4%. So not too bad, I guess, compared to what we were dealing with earlier in the week. But tech stocks continue to be under pressure on Wednesday. Things are starting to turn around today, though.

Tech and AI stocks are rebounding after a monster earnings report from Micron last night. We'll talk more about that in a bit. Outside of stocks, though, the major story continues to be oil as prices keep falling. Brent crude dropped more than 4% yesterday to around $74 a barrel. And the U.S. crude WTI fell to around $70 a barrel. Oil is now back to where it was before the Iran war started. And it could continue to move lower as more ships make their way through the Strait of Hormuz. So that should give investors and consumers some relief.

You know, the surge in oil prices from the war was a major contributor to rising inflation over the last few months. In fact, we got some more inflation data this morning. The May CPI report came out, which is the Fed's preferred inflation gauge. And it showed that inflation in May rose 4.1% compared to a year ago. That's the highest year-over-year increase for PCE inflation since April of 2023. And if you look at core PCE, which strips out food and energy, that rose 3.4%, the highest level since October of 2023.

So inflation is running hot, but lower oil prices should help cool things off going forward. The big question, though, is what is the Federal Reserve going to do next? Kevin Warsh was very clear in his press conference last week that he is focused on getting inflation down to the Fed's 2% target. And that's why the market right now is pricing in a 30% chance of a rate hike for the Fed's next meeting on July 29th. So we'll have to see what happens. Maybe the Fed waits a little bit longer now that oil prices are starting to come down. We'll stay on top of this development along with everything else happening in the market.

So make sure you guys are subscribed to the podcast and tuning in every day to stay in the loop. Let's run through some headlines. And we're talking all things Micron. Micron reported earnings last night, and they might have single-handedly saved the AI trade. The memory chip maker absolutely crushed expectations across the board. And some of these numbers are just insane.

Revenues hit $41.5 billion...

Micron’s Monster Quarter Sends Stock Ripping, Olive Garden Spoils Darden Earnings

Transcript

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Micron’s Monster Quarter Sends Stock Ripping, Olive Garden Spoils Darden Earnings

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.