Earnings season is in full swing and Meta and Microsoft are stealing the show. Anthony and Piers dive into why Meta’s shares rocketed 12% on blockbuster earnings, a stunning rebound from its metaverse slump. They explore how Zuckerberg’s all-in AI pivot is paying off, from $100M talent wars to $72B in CapEx.

Microsoft’s cloud machine, Azure, just clocked $75B in annual revenue with 34% growth catapulting the company past a $4 trillion valuation. Is $10 trillion next?

Also on the docket: Trump’s tariff campaign enters high gear as he turns a Scottish golf course into a global trade hub. Deals are landing, inflation fears rise, and Powell’s hawkish stance is pushing the dollar higher. With a September Fed cut now a coin toss, markets are bracing for more.

Big tech, big politics, and even bigger moves, your no-nonsense breakdown of the forces driving the summer markets.

(00:00) Intro & Key Themes

(01:37) Meta Earnings Surge

(12:49) Trump’s Trade Deals

(17:04) Fed’s Hawkish Shift

(31:57) Microsoft’s Cloud Growth

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