Incoming Tech Earnings, Fed Decision Day | Bloomberg Businessweek Daily 7/28/2026

Summary

The episode covers the Fed's two-day meeting with a potential surprise rate hike, a semiconductor selloff that Bloomberg Intelligence sees as consolidation with strong fundamentals, the space industry's infrastructure gap amid SpaceX dominance, and FIFA's controversial plan to raise billions from outside investors. Markets are mixed: Dow up over 1%, S&P 500 slightly higher, Nasdaq under pressure from chip declines, and oil prices lower.

• Fed begins second meeting under Chair Kevin Warsh with traders pricing elevated uncertainty about a possible rate hike.
• Bloomberg Intelligence’s Mandeep Singh argues the semiconductor selloff is temporary, supported by hyperscaler capex and supply constraints.
• Major tech earnings from Meta, Microsoft, and Apple are anticipated this week.
• SpaceX shares remain 20% below IPO price as Nebex aims to build financial rails for the space economy.
• FIFA seeks up to $4.2B from private investors, risking a UEFA boycott if the nonprofit accepts outside capital.
• Oil prices tumble on easing Iran tensions; Treasury yields also decline.
• Dow industrials rise 1%, S&P 500 adds 0.3%, while the Nasdaq composite slips 0.2%.