The Rundown - Apple Commits $30B to Broadcom in Chip Deal, Blue Origin Raises $10B

Episode Date: July 8, 2026

Market update for July 8, 2026. Check out the Public app for incredible investing tools and to support the show (LINK)Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.In today’s episode, Zaid covers:Oil prices ripping higher after Trump says the U.S.-Iran ceasefire may be overChip stocks selling off globally as South Korea’s KOSPI enters a bear marketApple’s $30B+ deal with Broadcom to produce billions of U.S.-made chipsJeff Bezos’ Blue Origin raising outside money for the first time at a $130B valuationEnergy stocks jumping while airlines and cruise lines fall on higher fuel costsNetflix, Disney, and YouTube eyeing World Cup rights after massive U.S. ratings

Public.com presents the rundown. Your daily market update in 10 minutes. My name is Zadadmani, and today is Wednesday, July 8th. In today's episode, we'll tell you why oil prices are moving higher again. We'll also tell you why Apple is spending more than $30 billion with Broadcom and why Jeff Bezos's Blue Origin is raising money for the first time ever. Then stick around to the end of the show to find out why Netflix, Disney, Disney, and YouTube all want the World Cup.

We got a great show for you today. Let's go. Stocks pulled back on Tuesday with the S&P 500 losing about half a percent, while the NASDAQ fell 1.2%. The chipper heli that we saw on Monday pretty much gave back all its gains on Tuesday. The SOX semiconductor ETF fell more than 5% yesterday after Samsung reported earnings, which were incredible, by the way, but apparently not good. enough for the market. We actually did a full breakdown of those earnings on yesterday's show,

so go check that out if you missed it. By the way, speaking of Samsung, which is a South Korean company, the South Korean stock market had been one of the hottest stock markets in the world. The South Korean Kaspi Index, which is like their version of the S&P 500, was up over a hundred percent this year at one point, but it's now in a bare market, which means it's down 20 percent from its peak. So the sell-off that we're seeing in chip stocks over the last few weeks has been happening all over the world. Now, there seems to be more pain-headed for the market. market today. I'm seeing red across the board and pre-market trading. And this time, it seems to be because of the Iran war, which is making headlines again. The U.S. military launched a new round of

strikes inside Iran and revoked their waiver that allowed Iran to sell their oil to the global market in retaliation to Iran launching strikes on three commercial ships in the Strait of Hormuz earlier this week. President Trump was currently in Turkey right now for a NATO summit. He was asked about the ceasefire. And he says that he thinks that it's over with Iran. So those latest comments and attacks are sending oil prices higher. Brent crude is up more than 6% this morning and trading around $79 a barrel. The timing of this is pretty funny because yesterday I was just talking about how the market was concerned about an oil glut and oversupply and how Saudi Aramco was cutting prices.

And now we have missiles flying again and oil prices are jumping. So this continues to be a fragile situation and the higher oil prices and renewed conflicts seem to be dragging down the market today, along with questions about the AI trade. We'll continue to stay on top of all this, so if you're new here, make sure you're subscribed to the podcast and tuning in every day to stay in the loop. Let's run through some headlines, starting with Apple. On Monday's show, I talked about how Broadcom had locked in Apple as a custom chip customer through 2031. Well, now we just got some more details about that deal. Over the next five years, Apple said they will spend north of $30 billion with Broadcom.

to produce more than 15 billion chips, and all those chips will be made here in the U.S. This deal also includes a $1.5 billion expansion of Broadcom's manufacturing facility in Fort Collins, Colorado. This investment by Apple is part of their $600 billion pledge that they made last year to invest here in the U.S. Remember last year, President Trump threatened Apple with 25% tariffs on iPhones unless Apple moved iPhone manufacturing to the U.S. That freaked out Apple. Tim Cook went to the White House, presented Donald Trump with a gold trophy,

and as part of that, he pledged $600 billion investment here in the U.S. And instead of trying to move the iPhone assembly to the U.S., which probably would have taken a decade plus and cost of fortune, Apple is moving the chips production, which I think is actually a smart idea. So this investment could be good tariff insurance, and I'm sure it'll curry favors with the current administration as well. In fact, Apple name dropped President Trump in the press release about this investment. So yeah, Tim Cook keeps making deals. Remember, he's stepping down as CEO on September 1st, but he's still going to be sticking around as executive chairman of the board.

And I imagine a big part of his role will be continuing to maintain his political relationships in the U.S. and also China. As for Broadcom, like I said on Monday, they continue to be winners here. They now have deals with Google, Open AI, and now Apple to make custom chips. Let's shift gears and talk about Blue Origin. Jeff Bezos's rocket company is reportedly raising outside money. for the first time in its 25-year history. According to Deal Books, Andrew Ross Sorkin, who's been a guest on this podcast, by the way,

Blue Origin is close to raising $10 billion at a valuation of about $130 billion. This round is being led by hedge fund CO2 management, which is putting in around $4 billion. Jeff Bezos himself is contributing another $2 billion, with the remaining $4 billion coming from large institutional investors. See, up until now, Jeff Bezos, has fully self-funded Blue Origins by selling Amazon stock.

He has reportedly spent nearly $28 billion in the company over its lifetime. But now that he's taking outside investors, it could be a way for him to set up the company for a potential IPO down the line. I think Jeff Bezos might have saw SpaceX pull off that record IPO and maybe he wants to get a piece of that action, you know? Now, to be fair, Blue Origin is still way behind SpaceX when it comes to capabilities and launches. Not to mention SpaceX has Starlink and XAI, too.

But Blue Origins is cooking up some stuff. They're working on a next-gen rocket called New Glenn, which did actually explode during a test back in May. But the company is working to fix that and get testing again by the end of the year. For now, investors are willing to look past all the setbacks and focus on the long-term opportunities for Blue Origins, like their NASA contracts and lunar plans. Plus, Blue Origin being valued at $130 billion might seem like a bargain compared to SpaceX's $2 trillion. So let me know what you guys think. Do you think that Blue Origin will end up IPOing sometime later this year to cash in on the space hype? Let's talk about some stocks making moves today.

Shares of energy companies like Chevron, Exxon, Mobile, and Occidental are rising as oil prices spike in response to President Trump, declaring that the ceasefire and peace deal with Iran might be over. This is pretty simple. Energy stocks tend to track crude prices closely, since producers sell oil at market rates, while their production costs stay largely fixed. So higher oil prices translate directly to fatter profits. As a result, shares of these energy companies are up 2 to 3% at the time of this recording. On the flip side, shares of cruise ship operators and airlines are falling,

and it's the exact same story, but in reverse. Fuel is one of the largest expenses for both industries, so a spike in crew prices is a direct hit to their bottom line. Shares of Carnival crews, Norwegian crews, United Airlines, and Delta are each down around 2 to 3% at the time of this recording. By the way, Delta is reporting earnings on Friday morning, so that'll give us a first look at how air travel was impacted in Q2 from higher energy prices. Let's wrap the show with a fun fact.

42 million Americans watch the U.S. men's national team get their butt kicked against Belgium and the World Cup on Monday, making it the most watched soccer broadcast in U.S. history. Now, to put this into perspective, more people watch that match than the NBA Finals Game 5 last month and more than Game 7 of last year's World Series. So soccer is starting to become more popular here in the U.S. You know, there was a lot of hype going into the Belgium match for many reasons, but the team was also playing pretty solid heading into it. And that's why losing that match, the way the team did was just a gut punch. I mean, I really thought that the team USA was going to make a deep run this year, but I guess now we'll have to wait another four years. By the way, speaking of the next World Cup,

there's already a bidding war brewing for the media rights for the 2030 and 2034 World Cup. According to CNBC, Netflix, Disney, and YouTube are all interested in bidding for the U.S. media rights, and Amazon and Apple could also jump in as well. I mean, there are some estimates that the media rights for the tournament could reach $1.5 to $2 billion. Now, for some contacts here,

Fox paid about $485 million for the English language rights for this World Cup. And honestly, that kind of sounds like a bargain when you think about how expensive sports rights have gotten. Fox has been cashing in on the high ratings. They're charging about $750,000 for a 30-second ad during U.S. matches. And the ads for the World Cup final will cost about a million dollars a spot. So I guess that explains why they added the hydration breaks in this year. Let me know what you guys think. Is there a certain streaming company that you would prefer get the rights of the next World Cup?

Personally, I wouldn't mind YouTube getting them and putting all the matches on YouTube. Disney could be a good one too. with their ESPN infrastructure, plus they have Hulu and Disney Plus. Well, all right, guys, that's the rundown for today. Hope you guys enjoyed today's episode if you did, and you have like five extra seconds. Consider giving us a five-star rating on Apple, Spotify, YouTube,

wherever you listen to your podcast, all that engagement really does help us out, and it helps other people find the show. Thank you guys so much for listening, watching, and commenting. Shout out to Mike for all the work behind the scenes. And we'll see you guys back here tomorrow.