Morning Report

Only what changed while you slept.

The One Thing

Write & send outreach batch 3, 10 emails (WGC)

Skip the batch entirely today. Open the list, find the next name on it, and send that one email. Nothing else has to happen.

Morning 3. Outreach doesn't get judged off one send, it needs three real attempts before you call it either way.

Istanbul. Partly cloudy. High 30C (86F), low 22C (72F). No meaningful rain expected.

TimeTempConditionsRain
6am22C (72F)Partly cloudy0%
9am25C (77F)Partly cloudy3%
12pm28C (82F)Partly cloudy3%
4pm30C (86F)Mostly clear0%
8pm26C (79F)Clear0%

Sunrise 06:02, sunset 20:18. Source: Open-Meteo.

After the closeS&P 500 scan · 506 names · still Fri Jul 31

Take: Same session as yesterday's report, nothing has traded since Friday. Amazon's AWS beat and Apple's supply-constrained guidance remain the story: AMZN up 15.3% on a blowout AWS number, AAPL down 7.3% as DRAM and advanced-node capacity gets routed to AI chips instead of iPhones. The building-materials cluster near 52-week lows (MLM, CRH, LII, BLDR) is still the one thread worth watching into today's open. Monday's earnings calendar has Oneok, Diamondback, Vertex, Williams, Marriott, and Palantir all set to report around today's open, but no real price reaction is in yet since the US session hasn't started.

Abnormal movers, move vs the stock's own typical range
At / near a 52-week low, your dive-in list

Four of eight are building/construction names (MLM, CRH, LII, BLDR), the same rate-pressure thread as yesterday.

Post-earnings movers, large caps only

Monday's calendar entries, not confirmed reactions, actual numbers aren't out yet.

Overnightsince US close
Market newsnot repeated from overnight

AstraZeneca held talks with Bristol Myers Squibb on a ~$400B deal

A source told Reuters the two drugmakers discussed a merger that could be worth roughly $400 billion. Nothing is signed and it could still fall apart, but the scale alone would make it one of the largest pharma mergers ever attempted.

Bessent pushes for a "bigger Fed backstop" alongside the yen move

Treasury Secretary Bessent said he's ready to repeat Friday's yen intervention and is pushing for a bigger Fed backstop, tying the currency move directly to pressure on the Fed's rate path. Worth watching how that lands heading into the next Fed meeting.

Top storiesfree links · tight
AI newsClaude first · 2 sentences each

Claude's "private" share links turned up in Google search results

Anthropic confirmed that publicly shared Claude chats and artifacts, some containing health records and private documents, were getting indexed and surfacing in Google and Bing search when they'd been posted somewhere crawlers could see. The company says default chats stay private and the exposed links are no longer searchable, but it's a reminder to check what "share" actually does before sending a client a Claude link.

Meta is wrestling with an AI compute capacity dilemma

Mark Zuckerberg laid out the tradeoff Meta now faces on its AI buildout: whether to keep leasing spare data-center capacity for cash or hold it back for its own model training as compute gets tighter. It's a sign the AI infrastructure race is shifting from "build everything" to harder calls on what to sell versus what to keep.

Search / marketing newstop items, expanded
Traveling Traderbellwether, often wrong

New video posted overnight, "Is the AI Trade BACK?! The next move will shock investors", but the transcript fetch stalled in this run so there's no recap. Worth a manual look.

Today's plateAsana

Quiet. No tasks have due dates set in Asana.