SpaceX Falls On AI Spending Fears | Daybreak Europe 8/5/2026

SpaceX Falls On AI Spending Fears | Daybreak Europe 8/5/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, SpaceX fell in extended trading as concerns about its AI spending plans overshadowing an inaugural quarterly report that broadly surpassed Wall Street forecasts.

US President Donald Trump says the Strait of Hormuz will be open ‘very soon’. He was speaking after Qatar said a proposal had been drafted and Axios reported US, Iran and Oman are preparing to announce as soon as Wednesday a 60-day agreement on shipping through the Strait of Hormuz.

And Siemens Energy says strong demand for gas turbines and grid equipment should push its profit margin to the upper end of its guidance, while chipmaker Infineon forecast revenue that beat estimates on rising demand for its data-center chips.

Today’s guest: Christian Bruch, Siemens Energy, CEO; Sven Schneider, Infineon, CFO & Charu Chanana, Saxo, Chief Investment Strategist

Chapters:
00:00:00 – Daybreak Europe
00:02:19 – Heineken 2Q Total Organic Volume Beats Estimates (2)
00:04:05 – SpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPO
00:06:13 – AMD Shares Slide After AI Growth Outlook Underwhelms Investors
00:07:17 – Asian Markets Update
00:10:06 – Trump: Strait Will Be Open Very Soon
00:13:32 – Risk Events Today
00:14:58 – Bessent Says Yen Level a Problem for Japan
00:17:50 – South Africa Wins Chinese Backing for Power-Expansion Plans
00:21:08 – Wednesday Top Stories
00:22:18 – Wednesday Headlines
00:24:20 – Christian Bruch, Siemens Energy, CEO
00:32:04 – Infineon Revenue Forecast Beats as AI Power Chip Demand Rises
00:32:41 – Sven Schneider, Infineon, CFO
00:38:27 – Charu Chanana, Saxo, Chief Investment Strategist
00:45:04 – Wegovy Pill Sales Don’t Live Up to Wall Street Obesity Hype
00:45:55 – Global Stocks at Record Highs
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