Name: Trump Gives Iran 'Last Chance'; SpaceX, AMD Earnings Ahead | Bloomberg Brief 08/04/2026
Uploaded: 2026-08-04T12:07:26+00:00
Duration: 2612 s

Speakers

Neil Campling — Tech/TMT Analyst

Anthony DiPaola — Reporter, Bloomberg (Energy)

Cayla Seder — Macro Multi-Asset Strategist, State Street

Winnie Hsu — Bloomberg Reporter (Asia Markets)

Justina Lee — Bloomberg Reporter

Vonnie Quinn — Anchor, Bloomberg

Summary

Global markets rally with tech leading on Palantir's strong earnings and AI demand. Cayla Seder warns of rising Treasury yields and a potential equity volatility trigger around 2.5% real yields, while seeing demand for tech and large-cap financials. Oil prices rise amid Iran tensions, benefitting Saudi Aramco and BP. SpaceX's first post-IPO earnings are anticipated but shares remain underwater.

U.S. equity futures hit records, led by software and semis
Palantir boosts revenue guidance on 'otherworldly' AI tool demand
Cayla Seder sees room for long-end yields to rise further
She expects dollar weakness due to Fed uncertainty
Large-cap financials and tech attract institutional demand
Oil prices climb on Trump's Iran warning, boosting Aramco and BP
SpaceX to report first quarterly results, lockup expiry looms
Asia mixed; yen weakens on skepticism over intervention

Ideas

Neil Campling Tech/TMT Analyst 6:11

AI tool demand drives revenue acceleration.

Palantir's demand is 'otherworldly', with commercial acceleration driving a 12th consecutive quarter of accelerating revenue growth. The stock had fallen 40% from highs, and this print shows the threat from frontier AI displacing its tools is more than offset by demand, making it a compelling opportunity.

Anthony DiPaola Reporter, Bloomberg (Energy) 17:21

Oil giants profit from disruption.

Saudi Aramco and BP are benefiting from elevated oil prices due to the Iran conflict and Strait of Hormuz disruptions. Aramco maintains exports via Red Sea, while BP's trading arm profits from volatility and shortages, leading to strong net income beats.

Cayla Seder Macro Multi-Asset Strategist, State Street 25:05

Long-end yields will keep rising.

Real yields on the 10-year are approaching the 2.5% threshold that historically triggers equity volatility, but more importantly, breakevens are rising, signaling inflation fears. With fewer Fed communications, term premiums are set to rise, giving room for the long end to continue moving higher. She is hesitant to fade the yield rally.

Cayla Seder Macro Multi-Asset Strategist, State Street 27:51

Dollar weakens on Fed uncertainty.

Strong U.S. data traditionally supports a stronger dollar, but uncertainty about whether the Fed will respond as expected creates pressure on the dollar. Positioning remains structurally underweight, suggesting further dollar weakness.

Cayla Seder Macro Multi-Asset Strategist, State Street 29:53

Tech demand persists despite yields.

Our data shows institutional real money remains concentrated in high-quality tech, with renewed appetite for semis and software after earlier selloffs. The sector's low interest-rate risk offers resilience even if yields rise, leading to more chop than selloff but still strong demand.

Cayla Seder Macro Multi-Asset Strategist, State Street 30:35

Large-cap financials enjoy strong earnings.

Large-cap financials have had a very strong earnings season, and we are seeing more demand for them. This suggests investors are rotating into financials, which is a positive setup.

This Bloomberg Markets video, published August 04, 2026, features Neil Campling, Anthony DiPaola, Cayla Seder discussing PLTR, 2222.SR, BP, U.S. 10-Year Treasury Note, UUP, SMH, IGV, XLF. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Neil Campling, Anthony DiPaola, Cayla Seder · Tickers: PLTR, 2222.SR, BP, U.S. 10-Year Treasury Note, UUP, SMH, IGV, XLF

Trump Gives Iran 'Last Chance'; SpaceX, AMD Earnings Ahead | Bloomberg Brief 08/04/2026

Summary

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