Market update for Friday July 24, 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: Trump&#x27;s new tariffs on 60 countries that took effect overnight Intel’s blowout earnings and why the chipmaker is finally benefiting from the AI boom Oracle’s a $7 billion deal with the Pentagon Why American Express stock is falling despite strong consumer spending and an earnings beat How Google’s SpaceX investment distorted their quarterly earnings

Intel Crushes Earnings, Oracle Locks In $7 Billion Pentagon Contract

The Rundown

[SPEAKER_A] public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Friday, July 24th. In today's episode, I'll tell you about the new tariffs that kicked in overnight and why the market isn't too worried about them. I'll also recap Intel's blowout earnings and why the company is finally benefiting from the AI boom. Then stick around to the end of the show to find out how much Google has made from their SpaceX investment and why I think they need to change the accounting rules when it comes to earnings. We got a great show for you today. Let's go. Stocks got hit hard on Thursday with the S&P 500 dropping 1.2% while the NASDAQ fell more than 2.1%. It was the NASDAQ's worst day in about a month, and most of the damage was concentrated at the very top of the market. Max 7 stocks yesterday lost a combined $889 billion in market value, with Google and Tesla getting hit the hardest. Google stock dropped more than 7% and Tesla fell more than 14% following their earnings report. We broke down both those earnings on yesterday's show, so go check that out if you missed it. The big takeaway so far seems to be that investors are getting increasingly nervous about just how much money these tech companies are spending on AI. But you know, tech wasn't the only thing dragging down the markets yesterday. Oil and tariffs are top of mind again for investors. Let's talk about oil first. Brent crude closed above $100 a barrel yesterday for the first time since May. Oil prices have surged nearly 20% in just the past 5 days. It's the fastest spike since March.

Intel Crushes Earnings, Oracle Locks In $7 Billion Pentagon Contract

Read the full transcript

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

Intel Crushes Earnings, Oracle Locks In $7 Billion Pentagon Contract

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.