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

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 OpenAI and Anthropic models accidentally hacked real companies during cybersecurity tests