{
  "id": 19023,
  "title": "Tim Cook's last dance, oil majors earnings, IPO avoidance and more in Morning Squawk",
  "url": "https://urgent.news/2026/07/31/tim-cooks-last-dance-oil-majors-earnings-ipo-avoidance-and-more-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-31T12:37:32.000Z",
  "source": {
    "name": "CNBC Technology",
    "slug": "cnbc-technology",
    "url": "https://www.cnbc.com/2026/07/31/5-things-to-know-before-the-stock-market-opens.html"
  },
  "original_language": "en",
  "account": "Microsoft's market capitalization surged by nearly $450 billion on Friday, with the stock climbing 15% and achieving its best day since 2008. Stock futures also rose before the opening bell following Thursday's rally on Wall Street. Five key points for investors to consider beginning their trading day are as follows: Amazon and Apple concluded a busy week of major technology company earnings, and investors' reactions to the two reports are divergent. Notable AI investor Leopold Aschenbrenner's hedge fund, Situational Awareness, is unwinding its public stock portfolio after suffering significant losses due to falling AI infrastructure stocks and short positions in software stocks moving against it, according to sources. The hedge fund, previously valued at up to $45 billion, was compelled to acquire cash to meet margin requirements, leading to a deal with Citadel to purchase the fund's publicly traded assets, as per CNBC's David Faber. Increased crude oil prices resulted in higher second-quarter profits for ExxonMobil and Chevron, which both disclosed earnings earlier today. Chevron's net income for the period surged nearly 400% to $12 billion, while Exxon's profits nearly doubled. Chevron CEO Mike Wirth expressed optimism about the company's performance, stating, \"We're firing on all cylinders, which is good because the world needs it,\" according to CNBC's Spencer Kimball.",
  "summary": "Here are five key things investors need to know to start the trading day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "TechSpot",
        "title": "iPhone and Mac sales surge push Apple's quarterly revenue to $109 billion",
        "url": "https://urgent.news/2026/07/31/iphone-and-mac-sales-surge-push-apples-quarterly-revenue-to-109",
        "published": "2026-07-31T02:47:00.000Z"
      },
      {
        "outlet": "CNBC Technology",
        "title": "Apple earnings takeaways: Weak forecast, supply concerns overshadow sales beat in Cook's last report as CEO",
        "url": "https://urgent.news/2026/07/31/apple-earnings-takeaways-weak-forecast-supply-concerns-overshadow",
        "published": "2026-07-31T14:52:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}