You're tuned in to Markets Desk, let's get you caught up on the stories moving markets right now.
Alphabet just posted the most profitable quarter in corporate history, and it wasn't close. Google's parent company reported net income of one hundred twelve point one billion dollars in the second quarter, a two hundred ninety eight percent surge year over year. The catalyst was a massive revaluation of its stakes in Anthropic and SpaceX, turning paper gains into headline-grabbing numbers that rewrote the record books.
Shifting to energy, the liquefied natural gas market is navigating a rough patch in two thousand twenty six, but the long-term structural case remains intact. U.S. exports are on pace to hit one hundred twenty million tons per year, flowing to forty three countries, with annual revenues exceeding sixty billion dollars. The near-term hiccup is real, but producers are playing a longer game through mid-century.
And over in the cattle pits, live cattle futures extended their slide, dropping as much as four dollars and ten cents on the session to mark fresh two thousand twenty six lows. Cash trade has been thin, with only scattered sales in the two hundred thirty to two hundred thirty two dollar range, not enough volume to set a firm floor. The market is still searching for a reason to stop the bleeding.
That's the tape. Markets Desk, signing off the floor.
