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SpaceX ends its losing streak, oil prices jump, the Fed's AI red flags and more in Morning Squawk
SpaceX's shares have risen by 3% as the company is set to release its first earnings report on August 4, breaking a seven-day losing streak. This news comes alongside geopolitical instability affecting oil prices, surging to around $95 per barrel, and concerns raised by the Federal Reserve regarding cybersecurity vulnerabilities linked to advanced AI models. Notably, the Fed's inability to access critical AI tools from Anthropic raises questions about financial system security amidst rising tech influence in finance.
MonitorConfidence: MediumShort term horizonCybersecurity risk: High
Published 22 Jul 2026, 12:55 UTC3 min read
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Summary
TL;DR
- SpaceX shares rise 3%, ending a seven-day decline.
- Upcoming earnings report scheduled for August 4 is highly anticipated.
- Oil prices have increased to nearly $95 per barrel due to geopolitical tensions.
- The Federal Reserve expresses AI-related cybersecurity concerns.
- Major corporations are collaborating on a skilled trades workforce initiative.
Interesting facts
- SpaceX's stock is down over 23% from its debut closing price.
- The Fed has had no access to critical AI models for months.
- AI companies like Anthropic and OpenAI are significantly increasing their lobbying expenditures.