Amazon Crosses $1T Valuation, Boeing Has Biggest Gain Since December | Closing Bell

Watch on YouTube ↗  |  August 03, 2026 at 20:30  |  10:39  |  Bloomberg Markets
Speakers
Carol Massar — Anchor, Bloomberg
Romaine Bostick — Anchor, Bloomberg
Matt Garman — CEO, AWS
Alex Karp — CEO, Palantir

Summary

Bloomberg's Romaine Bostick, Carol Massar, and Tim Stenovec cover a strong session for US equities, with all major indices rallying. The program highlights Amazon surpassing a $3 trillion valuation, Boeing’s 8% surge on FAA 737 Max 7 certification, and after-hours earnings from Palantir and ON Semiconductor. Broader themes include renewed risk appetite, persistent bets on higher Treasury yields, and analyst calls across sectors.

  • S&P 500, Nasdaq, and Dow all closed higher in a broad-based rally.
  • Amazon crossed the $3 trillion market-cap threshold for the first time.
  • Boeing gained 8% after the FAA certified the 737 Max 7, unlocking a decade-old order backlog.
  • Palantir beat on earnings and raised full-year guidance; CEO Alex Karp highlighted sovereign AI demand.
  • ON Semiconductor reported a slight beat and in-line guidance; stock rose in after-hours trading.
  • Bond yields dipped on the day but market participants still expect yields to move higher.
  • Marriott fell on lowered room-growth guidance tied to Middle East construction delays.
  • Circle Internet declined after Morgan Stanley downgraded the stock to underweight.
Ideas
Carol Massar Anchor, Bloomberg 0:30
Risk appetite returns after recent scare.
After a market scare a few weeks ago, investors are showing renewed risk appetite, with equities posting gains for a third straight day and people willing to wade back into the water.
SPY MED
Romaine Bostick Anchor, Bloomberg 1:33
Bets on higher Treasury yields persist.
Most market participants are still betting on U.S. Treasury yields moving higher from current levels, even after the recent bond market reaction, suggesting a continued bearish outlook for bonds.
U.S. 10-year Treasury yield MED
Matt Garman CEO, AWS 3:43
AWS AI presents massive growth opportunity.
The potential AI business for Amazon is massive, with the company's cloud and AI capabilities representing a huge growth opportunity.
AMZN HIGH
Romaine Bostick Anchor, Bloomberg 3:50
FAA certification unlocks Max 7 backlog.
Boeing received FAA certification for the 737 Max 7, ending a decade-long review, unlocking a backlog of 282 unfilled orders and improving its ability to generate cash and repair its balance sheet after years of turmoil.
BA HIGH
Alex Karp CEO, Palantir 8:20
Sovereign AI demand fuels Palantir growth.
Palantir's sovereign AI revolution is unleashing strong demand; the company demonstrated an otherworldly rule of 40 score, transforming tokens into real economic value and making management very optimistic about the future.
PLTR HIGH
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This Bloomberg Markets video, published August 03, 2026, features Carol Massar, Romaine Bostick, Matt Garman, Alex Karp discussing SPY, U.S. 10-year Treasury yield, AMZN, BA, PLTR. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Carol Massar, Romaine Bostick, Matt Garman, Alex Karp  · Tickers: SPY, U.S. 10-year Treasury yield, AMZN, BA, PLTR