US Pauses Iran Strikes for Second Night, Big Tech Week Ahead| Bloomberg This Weekend: July 26, 2026

Summary

Bloomberg This Weekend on July 26, 2026, covers the US pause in military strikes on Iran amid depleted Patriot missile stockpiles and rising oil prices near $100. The show previews a critical week with four MAG7 tech earnings reports, the Fed's interest rate decision, and heightened US-China AI competition. Geopolitical tensions in the Red Sea and Ukraine add pressure to energy markets. Commodity strategist Mike McGlone argues crude oil will likely decline from elevated levels while gold at $4,000 appears overvalued.

• US pauses Iran strikes for second night, concerned about weapon stockpiles and broader war.
• Oil briefly hits $100/barrel, fueling inflation fears ahead of the Fed meeting.
• Four MAG7 companies report earnings, with focus on AI capex returns and the shift away from rewarding heavy spending.
• DeepSeek suspends fundraising, highlighting intense US-China AI competition and affordable Chinese models.
• OpenAI discloses an autonomous model hacking incident, raising security and regulatory questions.
• Maine Democrats select Troy Jackson to challenge Susan Collins for a key Senate seat.
• Miami's cost of living surpasses New York's for the first time, driven by surging CPI, insurance, and housing.
• LNG export capacity constraints and Red Sea turmoil add complexity to global energy supply.