AT&T poised for a Trump One Big Beautiful Bill Act windfall: Opening Bid top takeaways

"We are investing $23 to $24 billion on a go forward basis each year into our network. Historically, we would have had to amortize that capital and take those deductions over time. The bonus depreciation provisions in the bill allow us to expense those immediately," AT&T CFO Pascal Desroches told me by phone.

Read more: Live coverage of corporate earnings

Going down a floor

That's what’s happening to the stock price of elevator giant Otis (OTIS). The company issued soft full-year EPS guidance as demand for new equipment weakens.

CEO Judy Marks told me by phone today that "new equipment is probably the place where we are finding the most challenges." She added that the new trade deals help give companies like Otis more predictability in managing their business.

"I'm encouraged that deals are being reached," she said. "I think that when you have that type of predictability, you can then manage to it, you can lead, and you can mitigate risk. You can improve productivity, you can assess your pricing."

On Elon Musk watch

Tesla's (TSLA) earnings are out after the close, and CEO Elon Musk has a lot of work ahead to revive its stock. From sharing more specifics on robotaxis to soothing concerns about his political ambitions, Musk has to nail this earnings call.

But ultimately, this line from Goldman Sachs analyst Mark Delaney says it all about the Street's current views on Tesla: "Our EPS estimates for 2Q and 2025 for Tesla are below consensus."

Jumping onto the Yahoo Finance platform, you can see the concern on Tesla's bottom line. Earnings estimates have tanked, with no bottom in sight. So, to see Goldman Sachs below a severely lowered consensus EPS figure is quite telling!