Trump Says Iran Ceasefire Is Over | Balance of Power 7/10/2026

Summary

The episode covers the conflicting US-Iran ceasefire signals, with President Trump saying talks continue but the ceasefire is over. The market takes comfort from the diplomatic track as oil prices fall. The main market story is SK Hynix's record $26.5 billion ADR debut, surging over 16% on AI memory demand. CEO warns memory chip shortage could persist beyond 2030, driving gains across the semiconductor sector and causing divergence with big tech spenders like Apple and Dell. The political panel discusses Trump's refusal to sign a bipartisan housing bill, which will become law without his signature.

• President Trump says Iran ceasefire is over but US agrees to continue talks, sending mixed signals
• Oil prices decline as markets focus on ongoing diplomacy, while US strikes target Iranian oil export infrastructure
• SK Hynix ADR soars 16% in largest-ever foreign listing in the US, raising $26.5 billion
• SK Hynix CEO says memory chip shortage may last beyond 2030, fueling a broad semiconductor rally
• Ed Ludlow explains the structural shift in memory from cyclical to secular AI-driven demand
• Micron and Samsung also rise on the shortage outlook, while big tech buyers like Apple and Dell slip on margin concerns
• Trump refuses to sign the bipartisan housing bill, which will still become law after the 10-day period
• Political panel debates Trump's tactics, the Save America Act, and the housing bill's limited immediate economic impact