Market update for Thursday July 23, 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 are surging toward $100 and why bond yields are rising Google posts blowout cloud numbers, but its $205 billion spending plan spooked Wall Street Tesla&#x27;s car sales are back, but profits fall and cash flow went negative ServiceNow’s jumps on strong growth IBM is still struggling after its brutal earnings warning Fun fact: The Japanese yen just fell to its weakest level in roughly 40 years

Tesla Tanks As AI Gamble Gets Pricier, Alphabet’s CapEx Spending Rattles Investors

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Thursday, July 23rd. In today's episode, we'll tell you why oil prices and bond yields are surging and what it means for the Fed's big decision next week. We'll also recap earnings from Google and Tesla and explain why investors are getting nervous despite decent results.

Then stick around to the end of the show to find out why investors need to pay attention to the Japanese yen. We got a great show for you today. Let's go. Stocks basically went nowhere on Wednesday. The S&P 500 fell 0.1% while the NASDAQ dropped about a half a percent. Trading volumes were pretty light yesterday. I think everyone was waiting for Google and Tesla to drop earnings after the bell. We got those numbers and we'll break them down in a bit.

Despite the stock market being relatively quiet, there was a ton of action happening in the oil and bond market. Oil prices keep climbing. Brent crude is now approaching $100 a barrel, which is $25 more than it was earlier this month. The market is starting to take the escalation in the Middle East more seriously again. And look, with higher oil prices means a likely resurgence in inflation, which brings me to the bond market. The 30-year treasury yield has now been above 5% for 12 straight days.

That's the longest run above that level since 2007. So we're talking like financial crisis era. What the bond market is signaling right now is that interest rates may need to stay elevated for longer or even go higher.

Tesla Tanks As AI Gamble Gets Pricier, Alphabet’s CapEx Spending Rattles Investors

Read the full transcript

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

Tesla Tanks As AI Gamble Gets Pricier, Alphabet’s CapEx Spending Rattles Investors

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.