Breakfast | August 7, 2026

Brent crude rises over 5% intraday; the Dow Jones Industrial Average ends its five-day winning streak, while the S&P 500 and Nasdaq Composite fall for the second consecutive day. Memory chip stocks SanDisk and Western Digital drop nearly 7% and over 10% respectively after earnings reports, while SpaceX rises over 6% on its lock-up expiration day instead of falling.

Iran and Oman agree to ban vessels from hostile parties such as the US and Israel from passing through the Strait of Hormuz; Iranian media reports that Iran has struck enemy targets near the strait; US officials state they will not tolerate any obstruction of shipping routes.

Report: If inflation data remains strong in the coming weeks, Waller will be prepared to raise interest rates in September.

Trump announces tariffs on polysilicon and its derivative products, along with a minimum import price. Trump signs an executive order restricting birthright citizenship and vows to crack down on "birth tourism".

South Korea leveraged ETF regulatory storm: The Chairman of the Financial Services Commission and the Head of the Presidential Policy Office face successive criminal complaints.

UNITREE prices its IPO at 150.8 yuan, with strategic allocations to DeepSeek, Tencent, and others.

Report: ByteDance discusses training a model with over 5 trillion parameters, striving for a leading position.

DeepSeek officially announces a "significant" increase in API prices.

Alphabet launches a $25 billion bond issuance, receiving over four times subscription, with enthusiasm surpassing Amazon and SpaceX.

Report: OpenAI smart speaker priced at over $300, designed by the father of iPhone design with a "donut" shape.

Reminder: China's July import and export data will be released on Friday.