Wednesday, August 5, 2026

• SpaceX posted its first-ever public earnings today and the stock sank on massive AI spending disclosures, while Washington edges toward a Hormuz deal announcement.
• Futures are green across the board (S&P +0.41%, Nasdaq +0.25%, Dow +0.36%) with VIX barely up and yields easing — a cautiously risk-on tape.
• Watch Thursday's ADP employment report (consensus 68K) and Friday's jobless claims ahead of Saturday's big nonfarm payrolls print (consensus 88K).

• 10% — that's how much SpaceX shares reportedly fell after the company's first-ever earnings report revealed huge AI spending plans (BBC/CNBC). It's a reminder that even the most hyped private companies face real market scrutiny the moment their books go public — and that "AI spending" is currently the line item investors punish as often as they reward.

1. 1

   Michigan Senate primary comes down to the wire — Abdul El-Sayed holds a narrow lead over Stevens in the Democratic primary, with live results still being tallied. The race is being watched as a bellwether for the party's progressive wing heading into midterms. Reaction is split between excitement from progressives and caution from party leadership. link

2. 2

   Arson charge filed as Spokane-area wildfires rage — A man has been charged with arson as wildfires devastate the region around Spokane, Washington. The fires have forced evacuations and strained local resources. Communities are reacting with anger toward the suspect and concern over fire response capacity. link

3. 3

   GOP congressman drops re-election bid amid censure recommendation — Rep. Chuck Edwards ended his re-election campaign after a censure recommendation tied to harassment claims. It adds to a growing list of retirements shaking up the House map ahead of midterms. Constituents and colleagues are largely reacting with resignation rather than surprise. link

4. 4

   Russian missile strike hits Kyiv as air defenses thin out — A deadly missile attack on Kyiv exploited Ukraine's depleted air defense stockpiles, according to reporting on the assault. It underscores mounting concern over how long Ukraine can sustain its defenses. The attack has drawn renewed calls internationally for more air-defense support. link

5. 5

   US nears Hormuz deal, targeting Wednesday announcement — The Biden-era diplomatic push over the Strait of Hormuz is reportedly close to a finalized agreement, with officials aiming for an announcement today. It's a potentially significant de-escalation moment for oil and shipping markets. Markets have already reacted with modestly higher futures on the hope. link

6. 6

   US reportedly down to its last long-range missiles after Iran war — Sources tell CBS News the US has used nearly its entire stockpile of long-range missiles amid the conflict with Iran. It raises questions about military readiness for future contingencies. Defense analysts are flagging the depletion as a serious strategic concern. link

7. 7

   China fires back with drone export controls in trade fight — Beijing announced countermeasures against Washington, including new controls on drone exports to the US. It's the latest escalation in the ongoing trade standoff between the two powers. Business groups are warning of ripple effects on supply chains. link

8. 8

   DCCC expands midterm target map by 12 GOP seats — Democrats' campaign arm added a dozen new Republican-held seats to its offensive map for the midterms. It signals growing confidence about the battlefield heading into next year. Political strategists are calling it an aggressive early expansion. link

9. 9

   SpaceX shares sink after first earnings report — The company's inaugural public earnings report revealed enormous AI spending plans, sending shares lower. It's a rare look inside the books of one of the world's most valuable private companies. Reaction has been swift skepticism from investors about the spending pace. link

10. 10

    Disney's parks strength contrasts with Universal's gloomy outlook — Disney reported strong parks results even as rival Universal issued a more downbeat forecast. The divergence highlights uneven consumer spending trends in the theme-park sector. Analysts are split on whether it's execution or macro luck driving the gap. link

• This week — College sports NIL bill: Senate leadership hasn't guaranteed a floor vote this week even with SEC and Big Ten backing.
• This week — CLARITY Act (crypto market structure bill) has reportedly been left off the Senate schedule, dimming hopes for a pre-recess vote.
• Thu, Aug 6 — ADP Nonfarm Employment Change (consensus 68K, prior 98K) and S&P Global Services/Composite PMI (consensus 53.6) — early read on the labor market and services momentum.
• Fri, Aug 7 — Initial jobless claims (consensus 205K) and Nonfarm Productivity (consensus 0.7%) — a gauge on labor slack heading into the jobs report.
• Sat, Aug 8 — July Nonfarm Payrolls (consensus 88K, prior 57K) and Average Hourly Earnings — the week's marquee data point for Fed watchers.
• Sun, Aug 9 — China CPI and PPI — inflation signals from the world's second-largest economy.

• S&P futures (ES): 7,797.25 ↑ +0.41%
• Nasdaq futures (NQ): 29,937.00 ↑ +0.25%
• Dow futures (YM): 54,461.00 ↑ +0.36%
• VIX: 16.67 ↑ +1.03% (still below the 20 "elevated" line)
• 10Y yield: 4.63% ↓ from 4.69%
• DXY: 99.72 ↓ -0.14% Futures are drifting higher on Hormuz-deal hopes with yields easing — a quietly constructive open, not an exuberant one.

• 8:30am — Trade Balance: -$73.30B (vs. consensus -$73.00B, prior -$77.60B)
• 8:30am — Exports $314.70B / Imports $388.00B
• 8:55am — Redbook: 8.7% (prior 8.3%)
• 10:00am — Durables Excluding Defense: 0.5% (vs. consensus 0.3%)
• 10:00am — All Car/Truck Sales: 2.70M / 13.62M

• LLY (pre-market, $1.06T cap) — EPS forecast $6.01 vs. $6.31 a year ago.
• DIS (pre-market, $170.4B) — EPS forecast $1.88 vs. $1.61 last year; parks strength is the story after today's headlines.
• UBER (pre-market, $145.8B) — EPS forecast $0.83 vs. $0.63 last year.
• SHOP (pre-market, $151.8B) — EPS forecast $0.28 vs. $0.25.
• CVS (pre-market, $134.4B) — EPS forecast $1.87 vs. $1.81.

• AMIX $19.50, +434.25% — no catalyst in today's data.
• SHFSW $0.05, +85.87% — no catalyst in today's data.
• ADGM $0.80, +73.91% — no catalyst in today's data.
• ANSCW $0.0016, -66.67% — no catalyst in today's data.
• NEXRW $0.008, -64.76% — no catalyst in today's data.
• PLTR trading near $161-163, up sharply on heavy volume (175M shares) — one of the day's most active names.
• NVDA $213.48, +3.27% on elevated volume (136M shares).
• INTC $97.91, +7.61% with unusually heavy call volume alongside the move.

• AAPL — call volume (947K) dwarfing puts (283K), put/call ratio 0.30, with heavy near-the-money August 5 call activity.
• META — calls outpacing puts 220K to 109K (ratio 0.49), concentrated in near-term strikes just below spot.
• DPC insider cluster — 9 insiders bought at $33.00, boosting ownership +410% ($75.8M total).
• QNT insider cluster — 10 insiders bought at $60.00, ownership +85% ($24.6M total).
• Congressional trading: no notable purchases in today's data.

• BTC: $64,024 ↑ +0.25%
• XRP: $1.06 ↓ -1.63%
• ETH: $1,867.14 ↓ -0.21% Bitcoin is holding steady while XRP and ETH slip modestly — a quiet, non-directional day for crypto.

• 30-year fixed mortgage rate: 6.66% (week of 7/30), holding roughly steady near recent levels.
• "Your housing market may be very different from your neighbor's" — a look at how local conditions diverge sharply from national headlines (WTOP). link
• Chicago's Q2 update finds sellers "back in control" as inventory tightens (Chicago Agent Magazine). link

r/BeAmazed

Look how happy she is knowing she has food for her puppies. ❤️

YouTube

WE DON'T BACK THE BLUE - COP SUCKERS, KEEP SCROLLING

r/mildlyinfuriating

Bought a new tv from Best Buy, opened the package and saw that it was damaged. They won’t accept my return.

YouTube

LIVE: NBC News NOW - Aug. 5

r/interestingasfuck

German Shepard Saves Six Year old from being attacked by another dog

YouTube

Michigan Senate Primary Result Live | Abdul El-Sayed Victory Speech Live | US Midterm Election 2026

• Reddit
• r/MadeMeSmile — a longer-than-expected tweet by a Japanese man living in the US, apparently outstanding enough to go viral. post
• r/BeAmazed — a dog's pure joy over having food for her puppies. post
• r/mildlyinfuriating — a buyer's damaged new TV and a Best Buy return denial. post
• r/interestingasfuck — a German Shepherd saving a six-year-old from a dog attack. post
• r/confusing_perspective — a mind-bending piece of graffiti photographed at just the right angle. post
• YouTube
• Delete Lawz — "WE DON'T BACK THE BLUE" (3.5K views). watch
• NBC News — live coverage for August 5 (3.5K views). watch
• CNN-News18 — Michigan Senate primary results and El-Sayed's victory speech (1.1K views). watch
• Fresh Spawns — off-grid DayZ survival gameplay (5.2K views). watch
• ESPN First Take-style stream — Stephen A. Smith and Perkins on sports headlines (2.4K views). watch
• Instagram
• Ravi Kishan's meme trend has spread to European football clubs. story
• Kishan's daughter joined the trend, trolling him in a reel. story
• X
• Perez Hilton (live) — trending after his hospitalization news broke.
• Good Wednesday (live) — a recurring midweek trend.
• #HyperLuckyMove1 (live)
• AIPAC (live)
• Stevens (live) — tied to the Michigan Senate primary results.
• Google Trends
• rocky mount (200+) — a family seeking answers after three people were found dead in a Rocky Mount home. story
• aaron rodgers (500+) — Fauci's lawyer fires back at Rodgers' criticism. story
• jason phillips (500+) — a sudden Colorado football coaching staff shakeup before camp. story
• hatsune miku commander deck secret lair (2000+) — a Magic: The Gathering crossover decklist drop. story
• helicopter (100+) — the FAA is investigating a Marine One safety incident. story
• A photo album with the Reddit/YouTube images arrives right after the brief.

• Perez Hilton hospitalized after reported livestream incident — NBC News reports the blogger was hospitalized after reportedly livestreaming self-harm, per sheriff's officials. link
• "Spider-Man: Brand New Day" crosses $1 billion globally — the film hit the milestone at the second-fastest pace ever for the franchise. Box-office watchers are calling it a resounding win for Sony/Marvel. link
• Brock Lesnar confirms WWE retirement — after a SummerSlam loss to Oba Femi, Lesnar confirmed his retirement in a trending video. Wrestling fans are treating it as the close of an era. link
• "Ted Lasso" returns at a pivotal moment for Apple TV — The Verge frames the show's comeback as important timing for the streamer's original-content push. link
• Phoebe Bridgers makes up for lost time on new album — Rolling Stone reviews her long-awaited return, calling it worth the wait. link

• Mistral released Shieldstral, a 3B-parameter open-weights model built for multimodal content moderation — a lean, open alternative to closed moderation APIs. Other notable items:
• "Zero-Mem" proposes zero-token memory operations for LLM agents, aiming to cut context costs.
• ACM Queue's "Eight Myths on Software Engineering and GenAI" pushes back on hype around AI coding productivity claims.
• "Position: LLMs Can't Jump" argues current models still struggle with a class of reasoning tasks despite benchmark gains.

• A George Mason computer scientist won the DOE's Genesis Award for breakthrough AI-HPC research — recognition for work pushing high-performance computing systems used in scientific discovery. link
• Oregon State spinouts are building next-generation semiconductor technology, moving discovery-stage research toward industrial application. link

• "A Fatal Reaction" — an investigation into a girl's death tied to gene editing in China. It's a sobering look at how fast experimental biotech is moving and what happens when the guardrails fail. read

• In 2024, following the non-cooperation movement in Bangladesh, Prime Minister Sheikh Hasina resigned and fled the country, ending 15 consecutive years and nearly two decades of rule.

• Anthony Edwards (turns 25) — NBA guard for the Minnesota Timberwolves.
• Yungblud (turns 29) — English musician known for genre-blending rock.
• Gavi (turns 22) — Spanish footballer and Barcelona/national team midfielder.

• Kidney Bean Curry (India, vegetarian) — built on onion, garlic, ginger, coriander, cumin, and paprika. A warming, pantry-friendly dinner for a Wednesday night. recipe

• Today, when a kid pushes back on a rule, try offering a choice within the boundary instead of just repeating the rule — "you can wear the boots or the sneakers, but shoes are happening" instead of "put your shoes on." It keeps the limit intact while giving them a real say, which tends to cut arguments short. Works well for ages 3-10.

The country of Belize borders which country?

• Tell them this one: "Nurse: Doctor, there's a patient that says he's invisible. Doctor: Well, tell him I can't see him right now!" If it earns even a groan, follow it with something real — tell them one thing they did this week you're still thinking about.