Palantir Revenue Surges 93%, McDonald’s Still Has a Traffic Problem

The Rundown · Aug 4, 2026 · 11m

Market update for Tuesday August 4, 2026

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In today’s episode, Zaid covers:

Stocks rally toward record highs as hopes rise for a deal to reopen the Strait of Hormuz

Palantir’s “otherworldly” quarter, including 149% growth in U.S. commercial revenue

McDonald’s reports mixed earnings as the company tries to fix weak U.S. traffic

Snap pops on an earnings beat while Spotify's historic subscriber milestone somehow isn't enough

How…