Walter Bloomberg
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KUWAITI FIRE FORCE SAYS TEAMS HAVE CONTAINED TWO FIRES AT SITES TARGETED IN IRANIAN ATTACKS
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IRAN ACCUSES U.S. OF BREAKING DEAL

Iranโ€™s ambassador to Pakistan said months of mediation produced a 14-point memorandum for continued talks. He accused Washington of misinterpreting the agreement, seizing control of parts of the Strait of Hormuz and launching attacks on Iranian infrastructure. Iran called the actions unlawful and urged the international community to condemn them.
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MESSAGE FROM IRAN'S SUPREME LEADER TO BE RELEASED SHORTLY - IRAN'S STATE MEDIA
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TRUMP TO FUND MAGA-ALIGNED PROJECTS IN EUROPE AS HE REORDERS US AID- FT
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๐Ÿ‡ซ๐Ÿ‡ท FRANCE OR ENGLAND ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ ?

Kickoff is in just 40 minutes

The market is backing France at 69%, while England sits at 31% ahead of the FIFA World Cup third-place playoff. More than $57M has been traded on the outcome.

Who are you backing? ๐Ÿ‘‡

https://t.co/EpgIiv6x47 https://t.co/MHX00jXyco
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EU, GULF STATES CALL ON IRAN PERMANENTLY OPEN STRAIT OF HORMUZ WITHOUT CONDITIONS OR FEES -SAUDI STATE TV
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EU, GULF STATES REJECT, IN JOINT STATEMENT ON STRAIT OF HORMUZ AND FREEDOM OF NAVIGATION, ANY 'ILLEGITIMATE CLAIMS' OF SOVEREIGNTY OR CONTROL OVER THE STRAIT -SAUDI STATE TV
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England 2 - 0 France
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France 2 - England 4
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U.S. LAUNCHES NEW STRIKES AGAINST IRAN -CENTCOM
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IRAN'S MEHR SAYS U.S. MILITARY LAUNCHED ATTACKS NEAR SIRIK
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ENGLAND BEAT FRANCE 6-4 TO FINISH THIRD IN WORLD CUP
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BAHRAIN AIR DEFENCES INTERCEPT IRANIAN ATTACK - STATE TV
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MEN MORE LIKELY TO NEGOTIATE PAY RISES

Men are more likely than women to use outside job offers to secure higher pay, a new study found, with researchers estimating the practice accounts for about half of the gender pay gap. Women are just as likely to change jobs, but are less likely to leverage external offers for raises, suggesting pay transparency alone may not close the gap.
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TRUMP: REPUBLICANS SHOULD ADD IRAN TO RUSSIAN SANCTIONS BILL
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*HORMUZ STRAIT TO REMAIN BLOCKED WHILE US MALICE PERSISTS: FARS
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IRANโ€™S ARAGHCHI SAYS SOME NUCLEAR DISPUTES MAY BE โ€˜UNRESOLVABLEโ€™
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WALL STREET WEEK AHEAD: $GOOGL, $INTC IN FOCUS

U.S. earnings season accelerates next week, with $GOOGL and $INTC among the most closely watched reports as investors look for signals on AI spending, corporate profitability, and the broader market outlook.

Markets ended the week on a softer note, with the S&P 500 posting a weekly decline after a sharp pullback in semiconductor stocks. Even so, the index remains up around 9% in 2026 and sits just 2% below its early-June record high.

$GOOGLโ€™s AI Spending in Focus

$GOOGL reports on Wednesday, and its results are expected to be one of the biggest market catalysts of the week.

As one of the โ€œMagnificent Sevenโ€ and a leading AI hyperscaler, $GOOGL has invested billions in data centers and AI infrastructure. Investors will be watching closely for any changes to those spending plans.

According to Kevin Mahn, President and CIO of Hennion & Walsh Asset Management, any indication that $GOOGL is scaling back AI investment could have ripple effects across the entire AI ecosystem.

Chip Stocks Face Another Key Test

Semiconductor earnings will remain under the spotlight with $INTC and $TXN also reporting.

The sector has delivered exceptional gains this year but has recently come under pressure. The Philadelphia Semiconductor Index has fallen more than 20% from its late-June high, officially entering bear market territory, despite remaining up more than 60% year-to-date.

$INTC shares have surged over 160% this year, while $TXN has gained roughly 60%, highlighting the high expectations investors have already priced in.

Recent earnings from Samsung Electronics and Taiwan Semiconductor ($TSM), despite being solid, received muted market reactionsโ€”another sign that expectations for the sector remain extremely high.

Earnings Season Picks Up Pace

More than 80 S&P 500 companies are scheduled to report next week, including:

$TSLA
$AXP
$RTX
$PM

The earnings season got off to a strong start with major U.S. banks reporting solid results, supported by robust investment banking activity and strong trading revenues.

Consensus estimates currently point to 26% year-over-year earnings growth for the S&P 500 in the second quarter, according to LSEG IBES data.

โ€œThe fundamentals have been resilient, and earnings continue to be outstanding,โ€ said Michael Arone, Chief Investment Strategist at State Street Investment Management.

Geopolitics and the Fed Remain Key Risks

Beyond earnings, investors continue to monitor developments in the Middle East following the recent escalation involving Iran.

While many expect the conflict to remain relatively contained, renewed tensions could push energy prices higher, potentially reigniting inflation concerns.

That comes ahead of the Federal Reserveโ€™s meeting at the end of July. Recent U.S. inflation data came in cooler than expected, easing some fears of an imminent rate hike.

โ€œThe macro data has painted a picture of a steady economy with some improvement in inflationary pressure,โ€ said Eric Kuby, CIO at North Star Investment Management.

Bottom Line

Next weekโ€™s earnings could prove pivotal for markets, particularly for the AI trade.

$GOOGLโ€™s outlook on AI spending, alongside $INTC and $TXN results, will offer an important read on whether the investment boom that has fueled this yearโ€™s rally still has room to run.
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WORLD CUP FINAL โ€” 45 MINUTES TO GO ๐Ÿ‡ช๐Ÿ‡ธ๐Ÿ‡ฆ๐Ÿ‡ท

Prediction markets:
Spain 58.4%
Argentina 42%

Spainโ€™s unbeaten. Argentinaโ€™s perfect.

Who are you backing?
https://t.co/eIl0uTUbme https://t.co/OGQ1oi7Idq
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Spain 1 - 0 Argentina
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SPAIN BEAT ARGENTINA 1-0 AFTER EXTRA TIME IN WORLD CUP FINAL
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