Markets Midday: Stocks Rally After Weak Jobs Report, SpaceX In Orbit, Lyft In The Fast Lane 8-7-2026

Watch on YouTube ↗  |  August 07, 2026 at 16:26  |  2:03  |  CNBC
Speakers
John Bolton — Former US National Security Advisor / Ambassador
David Richer — CEO, Lyft
Peter Shacknau — Anchor, CNBC

Summary

Stocks rallied after a weak July jobs report reduced rate-hike expectations, with the Nasdaq leading. John Beltton of Gabelli Funds highlighted stellar S&P 500 and tech earnings, urging focus on bottom-line results. Lyft CEO David Richer touted record rider metrics and a huge addressable market, while SpaceX and Airbnb surged on specific positive news.

  • July employment report showed a loss of 23,000 jobs vs an expected gain, easing Fed rate hike fears and lifting stocks.
  • John Beltton, Gabelli Funds portfolio manager, says S&P 500 earnings growth is running in the high 20s, with similarly strong tech earnings.
  • Lyft shares rose over 4% after CEO David Richer reported record active riders and bookings, with 20%+ growth and a 160 billion ride US car market opportunity.
  • SpaceX rallied 12% as the insider lockup expiration did not trigger selling pressure.
  • Airbnb surged 16% after a blowout quarter and raised revenue forecast, becoming the top S&P 500 gainer.
Ideas
John Bolton Former US National Security Advisor / Ambassador 0:44
Strong earnings support S&P 500 and tech.
Earnings season has been exceptionally strong, with S&P 500 earnings growth up high 20s on an underlying basis, beating expectations. Technology earnings are similarly robust, marking some of the best results in years. Investors should focus on corporate profits, not just the Fed, supporting a bullish outlook for the S&P 500 and tech.
SPY XLK MED
David Richer CEO, Lyft 1:06
Lyft rides growing, massive market opportunity.
Lyft reported its highest active rider quarter and highest bookings ever, growing above 20%. With 160 billion car rides taken annually in the US versus Lyft's expected 1 billion rides this year, the company sees a massive untapped addressable market and is investing for huge future growth, supporting a bullish outlook.
LYFT MED
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This CNBC video, published August 07, 2026, features John Bolton, David Richer discussing SPY, XLK, LYFT. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: John Bolton, David Richer  · Tickers: SPY, XLK, LYFT