TRANSCRIPT
The Operator: Good evening. We have five items in the packet tonight. First from CNBC Technology: SpaceX shares plunged 12% in premarket trading after the company reported a some number jump in capital expenditures to $18.4 billion for the some number, with most spending directed toward AI initiatives. CFO Bret Johnsen cited less than a one-year payback period for those AI compute investments, while CEO Elon Musk projected $1 trillion in annual revenue by 2030.
The Operator: From CNBC Markets: severe drought levels on the Rhine and Danube rivers are forcing nuclear plants in Romania and Hungary to reduce generation due to insufficient cooling water. Experts estimate a potential loss of 1 to 2 billion euros in value added for the German economy in the some number as low water levels disrupt freight transport.
The Operator: From CNBC Earnings: Lucid Group reported a some number loss of $3.30 per share on revenue of $405 million, missing Wall Street estimates. The company announced an operational reset aiming to identify $1.4 billion in cash flow improvements and delayed its midsize vehicle launch to late 2027, with CEO Silvio Napoli stating the firm will prioritize robotaxi production with partners Uber and Nuro.
The Operator: Also from CNBC Earnings: Wayfair stock jumped 30% as the retailer posted some number sales of $3.52 billion, beating analyst estimates and driving a 30% stock surge. The company's U.S. sales grew 8.7%, marking its strongest regional expansion since the pandemic, while free cash flow reached $301 million.
The Operator: And from CNBC Earnings: BP reported a some number net profit of $5.7 billion, surpassing analyst expectations of $5 billion as oil prices surged due to Middle East hostilities. The results come shortly after President Donald Trump criticized major U.S. oil companies for excessive profits during the Iran conflict.
The Operator: That’s the wire. Quiet days are exactly when you should get suspicious.
The Operator: That's the show. We're on Spotify and YouTube — if this earned it: like, subscribe, tell a friend. And housekeeping: the machine that writes this gets tuned constantly for cleaner news. The numbers are real; the jokes are not.