💥🇺🇸 SPCX surged by 10% as traders set a record for short selling ahead of today's report, with over 34% of the free-float sold short. Musk warned bears about the potential market shift.

💥🇺🇸 SpaceX has announced a partnership with Nvidia to develop AI satellites, just ahead of the upcoming earnings report.

🇺🇸🇷🇺 Senate Republican Majority Leader John Thune has announced that disagreements have emerged during the drafting of the bill on "hellish sanctions" against Russia. Disputes have surfaced as lawmakers work on the legislation.

🚨 Upcoming Earnings Reports

Tonight, several major companies are set to release their earnings reports. At 23:00 Moscow time, reports will come from SpaceX, Booking, Wynn Resorts, Bed Bath & Beyond, Amgen, and Gilead. Following them, ViaSat and Lucid will report at 23:05, while Pinterest will follow shortly after. Match Group and AMD will release their reports at 23:10 and 23:15, respectively. The evening will conclude with Mosaic and Trivago at 23:15 and 23:45.

🚀 SpaceX reported a second quarter revenue of $7.8 billion, surpassing estimates of $6.81 billion. The company recorded an operating loss of $1.26 billion in its AI segment, better than the anticipated $2.39 billion loss. In addition, SpaceX posted a net loss of $541 million. By the end of the second quarter, the company reached 12 million Starlink subscribers. Capital expenditures for the quarter amounted to $18.37 billion, slightly below the estimate of $18.58 billion.

🚀 SpaceX currently holds 18,712 BTC, according to a recent report.

🚀 Advanced Micro Devices (AMD) reported a significant second-quarter capital expenditure of $808 million, exceeding estimates of $298.6 million. The company's adjusted operating margin stood at 27%, slightly above the expected 26.9%. AMD's adjusted earnings per share reached $1.66, surpassing the forecast of $1.62. Additionally, the firm posted revenues of $11.54 billion, higher than the anticipated $11.31 billion.

⚠️ AHEAD

🛢 The U.S. oil inventory report from the API is set to be released today at 23:30 - 23:40 MSK.

📉 U.S. markets saw a decline, with the S&P 500 index dropping by 5%. Similarly, shares of AMD also fell by 5%. For more details, visit SPCX and AMD.

💥🇺🇸 Musk announced that in the future, the company will focus on developing products exclusively on the NVIDIA platform.

🛢️ Oil prices reacted to the latest API report, which indicated a crude oil inventory increase of 2.69 million barrels. This figure surpassed expectations of a 2 million barrel decline and was higher than the previous increase of 3.296 million barrels. The report highlights ongoing fluctuations in oil supply dynamics.

🇺🇸 Michael Burry is betting against the rally, believing that the market is nearing a major peak and could be on the verge of a decline similar to that of 1987. For more details, visit this link.

⚠️🇸🇦 Al Arabiya reports that there are currently no negotiations between Saudi Arabia and the Houthi rebels through intermediaries. Earlier, BBG had indicated that Saudi Arabia was engaged in talks with the Houthis, mediated by Oman, regarding a ceasefire and de-escalation.

📬 Today’s Calendar - August 5, 2026

Australia will release its Services/Composite PMI at 02:00 MSK, followed by Japan's Bank of Japan minutes at 02:50 MSK and Services/Composite PMI at 03:30 MSK. China’s Caixin Services/Composite PMI will be available at 04:45 MSK. India's central bank rate announcement is set for 07:30 MSK, with Services/Composite PMI following at 08:00 MSK. Russia, Germany, the Eurozone, and the UK will also publish their Services/Composite PMIs throughout the day, with key US data including ADP Employment at 15:15 MSK and ISM Services PMI at 17:00 MSK.

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🌎 The current exchange rates stand at USDCNY 6.74 and USDTRUB 83.6.

🚨 Former President Donald Trump announced "very good" progress in negotiations regarding Iran.

🚨 Oil prices are plummeting amidst what are being described as "progressive" negotiations regarding Iran, according to Western media sources. However, Iranian outlets have not reported on these developments. For more details, visit here.

🚨🛢 The United States is set to announce a deal with Iran and Oman regarding the Strait of Hormuz on Wednesday, according to AXIOS. President Trump stated in an interview with Fox News that the Strait of Hormuz will soon be reopened for shipping.

📈 The rally in global stocks, particularly in American equities, continues during the Asian session.

💥 Spot inflows into BTC ETFs are ongoing, according to SoSoValue data. Meanwhile, Bitcoin continues to trade within a narrow range.