Morning Call

FedEx shares are moving higher on an EPS beat and a raise to full-year guidance. Bernstein's David Vernon explains. Plus, investors are digesting the latest Federal Reserve policy decision, where they paused interest rate increases but signaled the potential for another hike this year. Freedom Capital Markets' Jay Woods and RBC Brewin Dolphin's Janet Mui discuss. And, the markets are pointing to a...

The latest Federal Reserve monetary policy decision is due out this afternoon, where they're expected to hold rates steady. Apollo Global Management's Torsten Slok previews the outcome. Plus, Congress now has 11 calendar days to pass a short-term measure to avert a government shutdown. Raymond James' Ed Mills discusses what's at stake. And, high prices, record mortgage rates, and low inventory are...

The Federal Reserve kicks off its two-day monetary policy meeting today, where they're widely expected to hold interest rates steady. Morgan Stanley's Ellen Zentner discusses. Plus, Instacart is set to begin trading on the Nasdaq this morning following Arm's successful IPO last week. Cleo Capital's Sarah Kunst and SW Retail Advisors' Stacey Widlitz give their expectations. And, Mastercard is out w...

Oil is riding a three week win streak and hovering near its highest level in 11 months. Bank of America's Francisco Blanch explains. Plus, the United Auto Workers' strike is now in its fourth day with no immediate resolution in sight. Moody's Analytics' Mike Brisson discusses what's ahead. And, investors are gearing up for a busy week on Wall Street, with a key focus on the next Federal Reserve po...

For the first time ever, the United Auto Workers union is striking at all three Detroit automakers. Jefferies’ Philippe Houchois and Harvard Law School’s Sharon Block explain. Plus, Wall Street is all but certain that the Federal Reserve will pause interest rate hikes at next week’s meeting. UBS Global Wealth Management’s Mark Haefele discusses. And, the markets will likely experience volatility t...

Arm begins trading on the Nasdaq today at $51 a share. MSA Capital's Ben Harburg and Bernstein's Sara Russo discuss. Plus, the clock is ticking for the UAW to reach a deadline with Detroit automakers ahead of the deadline tonight. Anderson Economic Group's Patrick Anderson weighs in on what's ahead. And, more firms are pulling investments out of China due to the business environment, slumping econ...

The big market story of the morning is the August CPI print. Van Lanschot Kempen's Anneka Treon and Decatur Capital's Degas Wright discuss. Plus, Apple has unveiled a lineup of new products, including the iPhone 15 and a new Apple Watch. D.A. Davidson's Tom Forte breaks down the impact on the stock. And, despite dwindling recession expectations, investors have been forced to re-evaluate their fina...

Google faces the Department of Justice today over anti-trust concerns. Evercore ISI's Mark Mahaney weighs in on the trial's impact on big tech. Plus, JPMorgan CEO Jamie Dimon says, while economic conditions are strong right now, there is risk ahead. New Street Advisors Group's Delano Saporu and G Squared Private Wealth's Victoria Greene discuss. And a new investor presentation from UPS details the...

Oracle reports earnings after the close today, with investors expecting double-digit cloud revenue growth. Bernstein’s Mark Moerdler previews the results. Plus, President Biden is wrapping up a visit to Vietnam today after attending the G20 Summit in India this weekend. Center for Strategic and International Studies’ Erin Murphy discusses. And, it’s a busy week on Wall Street ahead of the August C...

Apple is bouncing back this morning after losing more than 6% of its stock price this week. Big Technology’s Alex Kantrowitz explains. Plus, leaders of the world’s largest economies are descending on India this weekend for the G20 Summit.  Atlantic Council’s Josh Lipsky discusses. And, markets are on pace for another negative week. Chantico Global’s Gina Sanchez and Hightower’s Stephanie Link give...

The NFL kicks off its season tonight, with big implications for gambling and streaming stocks. JMP Securities' Jordan Bender and UBS' John Hodulik explain. Plus, new data from China show imports and exports slowing for another month. Oxford Economics' Louise Loo discusses. And, the Fed's latest Beige Book revealed growth in the U.S. economy and jobs market slowed in July and August. TS Lombard's S...

With Labor Day marking the unofficial end of summer, millions of Americans are heading back to school and work this week. Storch Advisors' Gerald Storch and CBRE's Julie Whelan discuss the impact on retail and real estate. Plus, Saudi Arabia and Russia are extending oil production cuts to the end of this year. CIBC Private Wealth's Rebecca Babin explains the outlook for oil prices. And, meme stock...

Congress returns from summer break this week as it looks to ensure the government is funded past the September 30 deadline. American Enterprise Institute's James Pethokoukis explains. Plus, Arm Holdings is expected to kick off its roadshow today ahead of its highly anticipated IPO. Renaissance Capital's Avery Spear explains. And, bearish sentiment is growing at the start of what's historically a r...

The monthly jobs report is out this morning, with economists expecting hiring to have cooled off during August. ZipRecruiter's Julia Pollak explains. Plus, markets are kicking off a new trading month today. Apex Financial's Lee Baker and Steward Partners' Eric Beiley discuss. And, which sectors are poised to benefit in September? Evans May Wealth's Elizabeth Evans weighs in. Hosted by Simplecast,...

July PCE – the Fed’s preferred gauge inflation – is out this morning as investors assess the possibility of more rate hikes this year. Milken Institute’s William Lee discusses. Plus, Lululemon reports earnings after the close today as it outperforms the broader retail sector. Oppenheimer’s Brian Nagel previews the results. And, one part of the market keeping a close eye on Hurricane Idalia is the...

It's a busy week on the jobs front, with several employment reports on tap. Clune Construction CEO Dave Hall details the hiring landscape in his industry. Plus, Salesforce reports earnings today as the company accelerates its focus on profitable growth and shareholder value. Baird's Rob Oliver previews the results. And, the markets appear to be in relief-rally mode to close out what has otherwise...

The FDIC is set to unveil tougher regulations for small and mid-sized banks. KBW's Christopher McGratty explains. Plus, President Biden will speak at an event on lowering healthcare costs, targeting prices for medicare prices. William Blair's Matt Phipps discusses the impact on the pharma sector. And, Best Buy reports earnings today, providing a snapshot on the health of the consumer and enterpris...

Jerome Powell says additional interest rate increases could be ahead as inflation remains stubbornly high. Former Fed Vice Chair Roger Ferguson explains. Plus, markets are kicking off the final trading week in August, capping off what’s been a negative month for stocks. Investopedia’s Caleb Silver discusses. And, U.S. Commerce Secretary Gina Raimondo is in China this week, holding high stakes meet...

The Fed kicks off day 2 of its Economic Policy Symposium in Jackson Hole today, where Chairman Jay Powell is set to deliver fresh remarks on inflation. The New York Times' Jeanna Smialek details what to expect. Plus, August is living up to its reputation as a dismal month for stocks. Carson Group's Ryan Detrick and GenTrust's Mimi Duff discuss. And, as Black Business Month comes to a close, it's t...

Nvidia shares are soaring after the company posted a blowout quarter. Wedbush's Matt Bryson explains. But, it's a different story for retail, with Foot Locker and Macy's dragging down the sector. Jane Hali & Associates' Jessica Ramirez discusses. And, the Fed's Economic Symposium begins today as markets turn their attention to the state of inflation. RBC Brewin Dolphin's Janet Mui and G Squared Pr...

Nvidia reports earnings this afternoon with the stock up more than 200%. Stifel's Ruben Roy previews the results. Plus, the CMA is reviewing Microsoft's restructured proposal to purchase Activision Blizzard. GlobalData's Cyrus Mewawalla explains what's at stake for tech regulation. And, the dog days of August continue to impact the markets. Chantico Global's Gina Sanchez, Howard Capital Management...

UK regulators say they will take a fresh look at Microsoft's $69 billion deal for Activision Blizzard. UK Competition & Markets Authority CEO Sarah Cardell explains. Plus, Lowe's rounds out earnings for the major retailers as it prepares to report results today. UBS' Michael Lasser previews the quarter. And, with Labor Day just around the corner, travelers are readying for bigger crowds this year....

Five magnificent seven stocks are in correction territory after falling more than 10% from their 52-week highs. RBC Capital Markets' Brad Erickson explains. Plus, China's central bank is cutting its one-year prime loan rate and leaving its five-year rate unchanged. Oxford Economics' Louise Loo discusses. And, mortgage rates have been moving higher this month, putting the brakes on activity in the...

Retailers are coming off a big week of earnings, with the outlook for consumer demand and inflation in focus. LSEG's Jharonne Martis and Again Capital's John Kilduff discuss. Plus, Electronic Arts is releasing Madden 24 today. Raymond James' Andrew Marok explains the impact on the video game landscape. And, China continues to report weak economic data, spurring concerns about growth in that countr...

Walmart reports earnings this morning following results from Target and Home Depot earlier this week. Jefferies' Corey Tarlowe previews the report. Plus, Cisco shares are rising on confidence over the company's AI capabilities. Deutsche Bank's Matthew Niknam explains. And, the S&P 500 is now on pace for its third negative week in a row. UBS Global Wealth Management's Mark Andersen and Truist's Kei...