Good morning investors! The market fell yesterday as some names disappointed.
Today we cover:
US-Iran tensions persist
Netflix falls
Adults counting on family for money
📊 Economy and News
Iran Warns of Retaliation as Trump Threatens to Strike Key Infrastructure
Iran issued a strong warning Thursday, declaring it would “crush” infrastructure across the Middle East if the U.S. follows through on President Donald Trump’s threats to target Iranian power plants, bridges, and other facilities next week.
Trump stated in a Fox News interview that U.S. forces would strike Iranian infrastructure unless Iran returns to negotiations. He specifically mentioned targeting power plants and bridges.
In response, Iran’s military command called the Strait of Hormuz an “invincible red line” and vowed not to allow U.S. interference. Iran also reportedly asked Yemen’s Houthis to prepare to disrupt Red Sea shipping routes if attacks occur.
Global hits:
US imposes new 25% tariffs on Brazil, expands exemptions list.
Brazil retail sales rise 0.1% in May, missing forecasts.
Israel’s economy contracted 3.8% in first quarter of 2026.
Reminder: U.S. 30-year mortgage rate rises to 6.55%. In orh
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📈 Stocks
S&P 500 7,533.77 (-0.51%)
DJIA 52,552.97 (-0.20%)
NASDAQ 25,881.95 (-1.47%)
BRENT CRUDE 84.88 (-0.07%)
* Prices as of Jul 17th, 12:20 AM UTC
Netflix Falls 8% After Reporting
Netflix reported second-quarter revenue and earnings in line with Wall Street estimates.
The streaming giant called engagement with its content “healthy,” saying live events were a top draw for members, who watched more than 97 billion hours of total content in the first half of this year. The engagement metric has come into focus after reports that viewership for Netflix series drops following the first season.
Here are the figures:
Earnings per share: 80 cents vs. 79 cents estimated
Revenue: $12.56 billion vs. $12.59 billion estimated
Netflix reported $12.56 billion in revenue, up 13% year over year and just slightly missing analyst expectations. The rise was attributed to membership growth, pricing and increased ad revenue.
Netflix expects third-quarter revenue to grow 12% and called its 2026 outlook consistent with earlier forecasts. The company said it was narrowing its 2026 forecast revenue range to $51 billion to $51.4 billion for the full fiscal year, from earlier guidance of between $50.7 billion to $51.7 billion.
On Thursday, the company said it still expects to roughly double its ad revenue year over year to $3 billion.
Netflix added that it is in “advanced stages” of discussions with advertisers in the U.S. as part of its Upfront negotiations, with the expectation that commitments will close in the coming weeks. Live sports, such as the Women’s World Cup, more NFL games, MLB events and WWE, have attracted solid demand for the company.
Despite positive news, the stock fell -8% after the bell.
Interesting: TSMC to invest additional $100 billion in Arizona after second-quarter profit soars 77%.
Nvidia unveils new AI model and expands Japan’s physical AI ecosystem.
Surprising: Alphabet shares sank following a report that the company has delayed releasing its flagship artificial intelligence model. In other news, Eli Lilly to buy psychedelics maker AtaiBeckley for $2.8 billion as experimental treatments gain traction. Lastly, short sellers are rapidly increasing their bets against SpaceX.
💵 Personal Finance
42% of U.S. Adults Rely on Parents for Financial Support — There Are No “Bad Guys”
42% of American adults depend on financial help from their parents, according to Northwestern Mutual’s 2026 Planning & Progress Study. The numbers are highest among younger generations: 72% of Gen Z, over half of Millennials, and one-third of Gen X.
Financial therapist Megan McCoy says this intergenerational support is often misunderstood. Instead of blaming “lazy kids” or “overly indulgent parents,” it should be seen as a dance — a pattern that develops over time between family members.
When handled well, parental support acts as scaffolding that helps adult children build stability and reach the next level in life.
Key Recommendations:
Give earlier rather than later: Money provided when children need it most (e.g., paying student debt, covering emergencies, helping with rent during grad school, or chipping in for a home down payment) has far greater impact than waiting for an inheritance.
Focus on purpose: Use support to reduce financial stress or advance long-term goals.
Manage emotions: Parents should avoid giving out of guilt or a need for control. Adult children should view it as temporary help, not an entitlement or permanent crutch.
Communicate and plan: Families should discuss terms openly and early. Parents should consult a financial advisor first to protect their own retirement and long-term security.
Bottom line: Clear communication and realistic expectations turn financial support into a powerful tool for family success rather than a source of resentment or dependency.
💰 Be a Better Investor
"The goal isn't more money. The goal is living life on your terms."
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