CNBC66%
Palantir earnings, McDonald's new U.S. head, tiny 'cars' and more in Morning Squawk 15%
By Alex Harring34%
8/4/2026, 5:42:32 AM
Topics: 5 Things To Know
Keywords: Investment Strategy, Economy, Markets, Business, Michael Wayland, Amelia Lucas, Donald Trump, Michigan, United States, Mcdonalds Corp, Amazon Com Inc, Space Exploration Technologies Corp, Invesco Qqq Trust, Stellantis Nv, Lco26v, Alphabet Class A, Technology Select Sector Spdr Fund, Lco27f, Consumer Discretionary Select Sector Spdr Fund, Global X Robotics And Artificial Intelligence Etf, Energy Select Sector Spdr Fund, Spdr S And P 500 Etf Trust, General Motors Co, China
BS Summary: This article contains 10 faulty reasoning types, including Optimism Bias, Appeal to Authority, and Availability Heuristic, with Framing Effect as the most egregious example at 9.2% saturation with 71 hits. Analysis detected 351 faulty-reasoning hits from 770 analyzed words, generating a BS Score of 25.8% and a BS Rank of 15% (22,851 of 26,881 articles). This article is better (less manipulative) than 85.00% of the article peer group.
Happy Tuesday.
If you're feeling inflation's pinch, you're not alone: Manufacturing sector managers are comparing current pricing volatility to the Covid pandemic era.
Stock futures are rising this morning as investors look to build on Monday's gains .
Here are five key things investors need to know to start the trading day:
1.
Power source
A rebound in Big Tech stocks paired with falling oil prices helped power a market rally yesterday.
The Dow Jones Industrial Average 's nearly 700-point surge brought the blue-chip index to a new record close.
Here's what to know:
The Nasdaq-100 climbed nearly 2% in yesterday's session, providing some relief for investors after the tech-heavy index entered correction territory.
Amazon extended its post-earnings rally, sending the stock's market cap above $3 trillion for the first time — a feat only a few other companies have achieved.
Good news for the tech sector continued after the bell: Shares of Palantir jumped more than 14% after the AI software company reported better-than-expected quarterly results .
Palantir's overall revenue nearly doubled from the same time a year ago, while its commercial revenue surged 149% in what CEO Alex Karp called an "otherworldly" quarter.
Up next in tech earnings is SpaceX , which reports its first earnings report after the bell today.
Despite gaining yesterday, the stock is still in a post-IPO slump that has put investors on edge.
Follow live market updates here.
2.
New cook in the kitchen
Shares of McDonald's are higher before the bell after the fast-food giant reported mixed results for the second quarter, beating analysts' earnings estimates but missing on revenue.
The company said its U.S. same-store sales rose just 0.8% in the period, as higher average checks were offset by declining traffic.
McDonald's this morning named 26-year company veteran Skye Anderson president of its U.S. business as it looks to accelerate domestic growth.
"While our playbook is working around the world, we see an opportunity to raise the bar in the U.S. and accelerate performance in our largest market," CEO Chris Kempczinski said in a statement.
3.
Open arms?
Representatives for artificial intelligence companies will meet with the Trump administration today about a new framework for reviewing cybersecurity capabilities of advanced models.
A White House official confirmed the meeting to CNBC.
The gathering comes two weeks after OpenAI disclosed that its agents hacked Hugging Face's systems, raising concern about the cyber threats AI models could pose.
Speaking to CNBC yesterday, Hugging Face CEO Clément Delangue also warned that China is leading the U.S. in the AI race.
Chinese tools, he said, could be as good as those of U.S.-based frontier labs as soon as the end of this year.
4.
Cyclospora outbreak
Michigan authorities reported two deaths from the cyclospora outbreak yesterday, the first fatalities tied to the outbreak.
Both individuals had "significant underlying health conditions," according to the Michigan Health Department.
State health officials noted that the parasite is not typically considered life threatening and fatalities from cyclospora are unusual in the U.S.
Michigan has been the hardest hit by the outbreak, reporting more than 11,000 cases and almost 200 hospitalizations.
The state's numbers outpace those published by the Centers for Disease Control and Prevention.
5.
Joy ride
Small cars haven't historically done well in the U.S.
Some companies think that might be about to change.
As CNBC's Michael Wayland reports, a growing group of automakers are betting that American consumers are now willing to consider tinier vehicles as an affordable option for short distances.
Stellantis and other carmakers are focusing on electric low-speed vehicles, which aren't technically cars.
LSVs are more advanced than golf carts, but a step below light-duty cars or trucks in the U.S.
The vehicles are loosely regulated compared to light-duty models and have also received attention from Trump.
Speaking at a General Motors facility last week, the president said, "I go over to Europe and I see these little cars all over the place and I say, 'Why aren't we making them?'"
The Daily Dividend
After ExxonMobil and Chevron reported banner second-quarter profits amid volatile oil prices, Trump said yesterday that he felt the companies were benefitting too greatly.
Here's what he told reporters at the White House:
They're making too much money based on a shortage.
President Donald Trump
— CNBC's Liz Napolitano, CJ Haddad, Sawdah Bhaimiya, Lora Kolodny, Sarah Min, Samantha Subin, Luke Fountain, Megan Cassella, Amelia Lucas, Michael Wayland and Spencer Kimball contributed to this report.
Luke Fountain assisted in the production of this newsletter.
Josephine Rozzelle edited this edition.
Speakers
3speakers13%attributed speech672writer words
Selected voice
100%flagged-word coverageClément Delangue
22 attributed words22% of attributed speech49% writer coverage
Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.
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Analysis
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