AI demand remains strong as Samsung&#x27;s earnings reinforce long term confidence in semiconductors despite near term profit taking. Plus, SpaceX joins the Nasdaq 100, drawing billions in passive inflows as investors weigh index inclusion and insider lockups. Later, NATO defense spending, the World Cup&#x27;s economic impact and shifting market leadership keep investors focused on the second half of the year.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI demand, defense spending and SpaceX drive the market 7/7/26

Morning Call

The chips are down. I'm Morgan Brennan, and this is your Morning Call. Good Tuesday morning. Let's get a check on U.S. stock futures after the Nasdaq's first positive session in three yesterday. The Dow is sitting at an all-time high, closing above 53,000 for the

first time ever in trading on Monday. And you can see right there, it's a mixed picture on your screen. S&P is poised to open lower by 13 points. The Dow popping another 151 points here pre-market. NASDAQ being dragged lower by what we've seen in Samsung and the semiconductor trade overall. And you can see shares of NASDAQ down 263, 264 points right now pre-market. We're also watching SpaceX

ahead of the first day trading in the NASDAQ 100. We've got much more on that in just a moment. You can see shares of SpaceX down about 2% pre-market right now, trading around 157.50 cents per share. Treasuries, if we get a check there, you've got the 30-year yield at its highest since early June. As you can see on your screen, yields are higher across the curve. U.S. 10-year Treasury yielding 4.5 percent even right now. Fed-sensitive at two-year Treasury yielding 4.14 percent.

And let's get a check on Energy 2 as investors continue to monitor Hormuz traffic, ongoing tanker strikes. And the narrative is shifting from global supply glut as some of this supply gets moving to what is it going to take to refill inventories and coffers. And that's pushing prices higher this morning. WTI trading up 1.3 percent, $69 and change per barrel. And Brent crude

AI demand, defense spending and SpaceX drive the market 7/7/26

Read the full transcript

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

AI demand, defense spending and SpaceX drive the market 7/7/26

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.