*QATAR SAYS 'LANGUAGE HAS BEEN DRAFTED ON POSSIBLE' US-IRAN DEAL
(@WalterBloomberg)

$PFE - PFIZER BEATS ON EARNINGS AND REVENUE, MAINTAINS FY OUTLOOK

Results

Adj. EPS: $0.77 vs. $0.68 est.
Revenue: $15.03B vs. $14.41B est.
EPS: -$0.04
Net Income: -$248M

Guidance

FY Revenue: Maintained at $60.5B–$62.5B vs. $61.79B est.
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QATAR: EFFORTS ARE 'ONGOING' FOR US-IRAN RESOLUTION
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*QATAR: DRAFT ON POSSIBLE PACT CIRCULATING BETWEEN PARTIES
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*QATAR: FOCUS RIGHT NOW IS ON SHORT TERM RESOLUTION

*QATAR: RESOLUTION WOULD HELP TO GO BACK TO US-IRAN TALKS

*QATAR: NOTHING IN BOOKS WHEN IT COMES TO US-IRAN DIRECT TALKS
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QATAR SAID THERE IS CURRENTLY NO SET AGENDA FOR DIRECT U.S.-IRAN TALKS
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$MCD - MCDONALD'S EPS BEATS, SALES COME IN SLIGHTLY LIGHT

Results

• Adj. EPS: $3.38 vs. $3.32 est.
• Revenue: $7.10B vs. $7.13B est.
• EPS: $3.32
• Global Comparable Sales: +1.3% vs. +1.39% est.
• U.S. Comparable Sales: +0.8% vs. +1.06% est.
• Global Systemwide Sales: +5.0% (+4.0% constant currency)

Other

• Pre-tax Charges: $52M
• Leadership: Named Skye Anderson President of McDonald's USA, succeeding Joe Erlinger.
(@WalterBloomberg)

$SPCX - SPACEX EARNINGS: ANALYSTS FOCUSED ON AI, NOT THE QUARTER

SpaceX reports earnings today, but Bernstein says "the quarterly results should not matter."

Instead, analysts are focused on management's confidence in its AI and orbital data center strategy.

Bernstein says the investment case is about "if, not when" for a multi-trillion-dollar valuation, while Deutsche Bank expects in-line results and believes the stock could stabilize after lock-up expirations. Both see AI growth as the key catalyst.
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CME GROUP JULY VOLUME HITS NEW RECORD OF 27 MILLION CONTRACTS, UP 23% YEAR OVER YEAR
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*TESLA CHINA JULY DELIVERIES RISE 37.8% Y/Y: CPCA

*CPCA SAYS TESLA CHINA JULY DELIVERIES HIT 93,579 UNITS
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BESSENT ON YEN INTERVENTION: IT'S IMPORTANT TO HAVE A FRAMEWORK -CNBC INTERVIEW
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BESSENT ON YEN INTERVENTION: THEY ARE MAKING SERIOUS EFFORTS TO STEM DEVLUATION IN CURRENCY-CNBC INTERVIEW
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🇯🇵 BESSENT BACKS JAPAN'S YEN STABILIZATION EFFORTS

U.S. Treasury Secretary Scott Bessent said Washington has been in "close contact" with Japan over yen intervention.

"It's important to have a framework," Bessent said, adding Japan is making "serious efforts" to stem the yen's depreciation.

He also said he has a good working relationship with his Japanese counterpart and believes Japan "will put the right policies in place."
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BESSENT ON YEN INTERVENTION: IF YEN WEAKENS OTHER CURRENCIES WOULD FOLLOW
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BESSENT: MANY PEOPLE BELIEVE CHINESE YUAN IS UNDERVALUED
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BESSENT ON YEN INTERVENTION: BELIEVE BANK OF JAPAN WILL DO WHAT IS NEEDED
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BESSENT ON YEN INTERVENTION: SEE NO REASON FOR JAPAN TO STOP ACCUMULATING SUBSTANTIAL OVERSEAS ASSETS
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BESSENT: WE MAY HAVE IRAN DEAL TOMORROW TO OPEN HORMUZ -CNBC INTERVIEW
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BESSENT: DEAL POSSIBLE TUESDAY OR WEDNESDAY ON HORMUZ -CNBC INTERVIEW
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BESSENT: SAW QUITE A FEW SHIPS COMING OUT OF HORMUZ EVEN NOW
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BRENT CRUDE FUTURES DOWN OVER 1% ON HOPES FOR U.S.-IRAN DEAL
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