Comcast to Spinoff NBCUniversal & Sky | Closing Bell

Summary

Bloomberg's Closing Bell anchors wrap up a mixed session, with tech and communication services leading while materials and energy lag. They discuss news-driven moves in Comcast, Charter, Tesla, SpaceX, Rocket Lab, Super Micro, Verizon, and Microsoft, touching on potential cable M&A, geopolitical risks, and the challenging month for Microsoft as investors await jobs data and Fed signals.

• S&P 500 saw an even split of advancers and decliners, with tech and communication services outperforming.
• Comcast announced plans to spin off NBCUniversal and Sky, sparking speculation of M&A with Charter, whose shares surged 9.4%.
• Elon Musk's tweets about xAI's Grok model and its use at Tesla and SpaceX contributed to gains in those names.
• Rocket Lab jumped 16% after agreeing to acquire Iridium Communications, signaling emerging competition to SpaceX.
• Super Micro Computer fell 8% after a government raid at its Taiwan office amid an AI chip smuggling probe.
• Verizon dropped 5.2% on news of SpaceX-Charter mobile talks and a $700–800 million Q2 loss.
• Microsoft headed for its worst month since 2000, down 18% in June, with its valuation at a decade low.
• Hosts highlighted oil price sensitivity to Strait of Hormuz tensions and upcoming jobs data as a key catalyst.