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SpaceX Falls On AI Spending Fears | Daybreak Europe 8/5/2026
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August 5, 2026
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47:01Now PlayingBloomberg 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
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