WS #13019
No material new developments in the last 30 minutes. The US-Iran conflict escalation, Fed hawkish hold, and tech earnings divergences remain the dominant narratives with no counter-signals or de-escalation. No new data points to alter the previous synthesis.
Topics
Key developments
- US and Saudi airstrikes hit Iran-backed PMF bases in Iraq, killing 20 fighters
- WTI crude oil surges over 7% to $84.92, Brent above $90 on Middle East escalation
- Fed holds rates steady with three dissents favoring hike; Warsh offers no forward guidance
- Microsoft Q4 beats: Azure revenue surpasses $100B, commercial RPO doubles to $678B
- Meta Q2: Revenue beats at $60.8B but EPS misses, free cash flow plunges to $784M on AI capex
- Robinhood Q2 record revenue $1.31B beats estimates, but crypto revenue falls 38% YoY
- Chipotle Q2 beats, raises same-store sales growth forecast, approves $1.3B buyback
- Goldman Sachs pitches $5.4B debt for Microsoft-tied data center