SpaceX Joins NASDAQ 100, Chip Stocks Slide | Bloomberg Businessweek Daily 7/7/2026

Watch on YouTube ↗  |  July 07, 2026 at 20:47  |  49:00  |  Bloomberg Markets
Speakers
Kate Gulliver — CFO, Wayfair
Conrad DeQuadros — Head of Economics, Citi Wealth
Ed Ludlow — Co-Host, Bloomberg Technology

Summary

The episode covers a broad market decline led by semiconductor stocks despite Samsung's record profit. It features NATO summit updates, a tech roundup with Ed Ludlow, Wayfair CFO Kate Gulliver discussing physical retail expansion and AI, and Citi's Conrad DeQuadros recommending gold as a portfolio diversifier amid fiscal risks and AI investment uncertainty.

  • Nasdaq 100 and semiconductor index sell off sharply, dragging markets lower.
  • NATO allies announce $50 billion in defense industry deals to demonstrate increased spending.
  • Samsung record profit fails to impress investors, triggering a global chip selloff.
  • Amazon launches a $25 billion bond sale to support AI infrastructure spending.
  • SpaceX enters the Nasdaq 100; Wall Street analysts initiate bullish coverage.
  • Wayfair CFO expresses confidence in physical store strategy and AI-driven customer experience.
  • Citi's Head of Economics highlights gold as a secular hedge due to high government debt and equity risks.
  • Oil prices rise amid geopolitical tensions in the Strait of Hormuz.
Ideas
Kate Gulliver CFO, Wayfair 25:58
Wayfair's physical stores driving growth.
Wayfair's physical retail stores are proving successful, with strong customer response and seamless online-offline integration. The halo effect drives incremental sales, and the store network expansion is backed by conviction. AI enhances personalization and operational efficiency, reinforcing the company's growth strategy.
W MED
Conrad DeQuadros Head of Economics, Citi Wealth 37:41
Gold as diversifier amid fiscal risks.
Bonds no longer provide sufficient portfolio ballast in the current environment. Gold is recommended as a secular safe haven and diversifier due to elevated equity market uncertainty, AI investment return questions, and high global government debt-to-GDP ratios. Citi has been recommending gold for some time.
GLD HIGH
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This Bloomberg Markets video, published July 07, 2026, features Kate Gulliver, Conrad DeQuadros discussing W, GLD. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kate Gulliver, Conrad DeQuadros  · Tickers: W, GLD