Industrial Demand Rips: ISM 55.6, CAT +10%, PLTR +15% as Data Centers Drive Growth | August 4, 2026 – Morning Market Briefing

Andrew, Ben, and Tom discuss the industrial demand train continuing to roll with ISM Manufacturing accelerating to 55.6 and employment turning positive for the first time in 33 months, Caterpillar raising guidance and surging 10% on data center engine and turbine demand, Palantir soaring 15% with US commercial revenue up 149% and Karp declaring the "revolution for AI sovereignty" is underway, ON Semi up 8% on silicon carbide AI data center revenue growing 60%, Entegris beating estimates, TransDigm +3% on double-digit aerospace and defense growth, Cummins raising outlook on data center power gen, healthcare beats from MRK and PFE potentially masking channel stuffing, McDonald's +2% on better-than-feared comps with a new US president appointed, ADM +5% on the EPA biofuel mandate, and Snap +6% on the World Cup boost. Join our live YouTube stream Monday through Friday at 8:30 AM EST: http://www.youtube.com/@TheMorningMarketBriefing Please see disclosures: https://www.narwhal.com/disclosure