Morning Call

Oil prices are falling today following yesterday's losses and amid continued selling in the equity markets. RBC Capital Markets' Helima Croft explains the latest moves. Plus, ahead of the spring housing market, what are the best stocks in the sector to buy? UBS' John Lovallo gives his picks. And, investors are facing yet another bumpy ride for the markets this week, with fresh comments from Janet...

The Fed is projecting just one more interest rate increase this year, but Jay Powell says recent failures in the banking sector could cause ripple effects. The New York Times' Jeanna Smialek explains the road ahead. Plus, the CEO of TikTok is heading to Capitol Hill today, where he'll face a grilling over user safety and data security. Vox's Sara Morrison discusses what to expect. And, what is the...

The Fed is preparing to release its latest policy decision today, with a majority of interest rate traders betting on a quarter point hike despite the ongoing turmoil in the financial sector. NatWest Markets' Michelle Girard explains her expectations. Plus, lumber prices are well off peak-pandemic territory, but with housing supply short of demand, could we be in store for some more price pain? Sh...

The Federal Reserve kicks off its two-day policy meeting today, with a decision due out at 2:00 PM ET tomorrow. RBC Capital Markets’ Tom Porcelli lays out what to expect. Plus, housing affordability is an especially critical factor now given the ongoing wild ride in mortgage rates amid the Fed’s rate hiking campaign and fresh stresses in the global banking system. Freedom Mortgage CEO Stanley Midd...

UBS says it will buy embattled investment bank Credit Suisse for more than $3 billion and assume more than $5 billion in losses. Financial Times’ Arash Massoudi explains the latest. Plus, regulators are looking to shore up investor confidence in regional banks across the United States. Argus Research’s Stephen Biggar and Piper Sandler’s Stephen Scouten discuss the latest developments. And, ahead o...

It's been a wild week for Wall Street, with attention front and center on the global banking crisis. Vanity Fair's Bethany McLean explains how we got where we are today. Plus, mega-cap tech is outperforming the broader markets, as AMD, Meta, and Alphabet lead with strong gains. Hargreaves Lansdown's Sophie-Lund Yates looks for opportunity in the sector. And, a new report from Just Capital shows si...

First Republic Bank is weighing options to shore up liquidity as more regional banks feel the pressures of the SVB collapse. Old National Bank CEO Jim Ryan explains how his team is moving forward. Plus, FedEx is out with earnings today after the bell, with cost-cutting a key focus for investors. BofA Securities' Ken Hoexter discusses what to expect. And, the crisis at Credit Suisse is adding to vo...

The DOJ and SEC have opened separate investigations into Silicon Valley Bank's downfall, with the probe looking into whether SVB executives sold any stock prior to the collapse. Former SEC Counsel Member Jacob Frenkel and Former Assistant Treasury Secretary Chris Campbell explain the situation. Plus, famed investor Carl Icahn says he isn't liking some of the prices in tech stocks. Arete Research's...

Regional banks have gotten hammered in the wake of SVB and growing investor concerns over viability and balance sheets, but they're catching a bid this morning. Financial Times' Arash Massoudi and KBW's RJ Grant explain the latest developments. Plus, the ripple effects of the SVB collapse are hitting VC-backed companies as founders race to withdraw cash in time to make payroll. MSA Capital's Ben H...

Silicon Valley Bank is extending yesterday's massive losses after falling more than 60% as some of tech's biggest VCs tell clients to pull their money. Argus Research's Stephen Biggar explains the impact on the financial sector. Plus, investors are waiting on one of the most important economic data points of the month: the February jobs report. First Watch CEO Chris Tomasso tells us what he's seei...

President Biden is preparing to release his latest budget to Congress, with a key piece of the budget involving higher taxes on wealthy Americans to help fund Medicare for at least the next 25 years. Raymond James' Ed Mills gives the details. Plus, Mastercard is out with its latest read on retail sales as the American consumer continues to show resilience. Mastercard Economics Institute's Michelle...

Fed Chairman Jay Powell heads back to Capitol Hill this morning for Day 2 of testimony, this time before the House Financial Services Committee. The Wall Street Journal's Nick Timiraos explains what to expect. Plus, investors are looking to shake off the dust from yesterday's Powell-fueled sell-off. FS Investments' Troy Gayeski, KKM Financial's Jeff Kilburg, and Delancey Wealth Management's Ivory...

Fed chairman Jay Powell heads to Capitol Hill today to testify before the Senate Banking Committee today and the House of Representatives tomorrow. The New York Times’ Jeanna Smialek breaks down the Powell tea leaves. Plus, WTI crude closed above $80 a barrel in yesterday’s session, its highest level since topping $82 a barrel at the end of January. OPIS’ Denton Cinquegrana discusses the energy se...

The markets are facing a crucial test this week with the February jobs report on Friday, along with Fed Chair Jay Powell’s semi-annual testimony to Congress on the economy and monetary policy. Former Fed Vice Chairman Roger Ferguson explains what to expect. Plus, China has set a modest target for economic growth this year during the annual session of its National People’s Congress. Longview Global...

The Republican-led ESG backlash is set to hit President Biden’s desk and his veto pen after the Senate voted to overturn a labor department rule that permits fiduciary retirement fund managers to consider ESG factors in their investment making. Former Deputy Treasury Secretary Sarah Bloom Raskin explains the fight’s path forward. Plus, Fed governor Christopher Waller says the central bank may need...

Tesla's Investor Day is sending shares of Tesla down after CEO Elon Musk revealed part three of his master plan. GLJ Research's Gordon Johnson and New Street Research's Pierre Ferragu lay out the bull vs. bear cases for the stock. Plus, hedge fund mogul David Einhorn is keeping his negative view on stocks as inflation and interest rates could push even higher.  New Street Advisors' Delano Saporu a...

Lowe's is out with earnings today on the back of Home Depot's mixed results. BofA Securities' Liz Suzuki explains what to expect. Plus, Tesla is reportedly readying a revamp of its top-selling Model Y crossover ahead of the company's annual investor day. Wall Street Journal's Tim Higgins gives the latest. And, the Equipment Leasing and Finance Association says U.S. companies borrowed 6% more in Ja...

Target kicks off a busy week of retail earnings as the company deals with inventory, sales growth, and consumer demand concerns. Oppenheimer's Rupesh Parikh explains what to expect. Plus, traders are pricing in interest rates to peak at about 5.3%, compared to 5% just a month ago. Fernwood Investment Management's Cate Faddis and G Squared Private Wealth's Victoria Greene break down the markets. An...

Cybersecurity stocks have been performing well this year, and even more so in just the past week since Palo Alto Networks beat analysts' forecasts. Tenable CEO Amit Yoran dives into how his company is doing. Plus, fresh housing data is on tap this week amid continued headwinds in the housing market. National Association of Realtors' Lawrence Yun explains what to expect. And, fear may be re-enterin...

On the one-year anniversary of the invasion of Ukraine, what is the state of national security and defense? Morgan Stanley's Kristine Liwag weighs in. Plus, cloud and enterprise stocks are outperforming the market, with several high growth and high valuation names seeing outsized gains. Wedbush's Dan Ives dives into his favorite stocks. And, the S&P 500 is on track for its worst week since Decembe...

The invasion of Ukraine has created new problems for the global food supply chain, halting Ukraine’s exports of grains and raising the number of people around the world facing food insecurity. The American Farm Bureau’s Veronica Nigh dives into the conflict. Plus, analysts are expecting Alibaba to post its slowest ever revenue growth, weighed down by rising regulations and COVID lockdowns. William...

One year after Russia's invasion of Ukraine, what is the state of the energy sector? Energy Aspects' Amrita Sen weighs in. Plus, Nvidia results are out today on the heels of its announced partnership with Microsoft to save the Activision deal. Wedbush Securities' Matt Bryson lays out his expectations. And, investors are awaiting minutes from the latest FOMC meeting, which will likely be a catalyst...

President Biden is in Poland this morning to meet with leaders after yesterday's surprise visit to Ukraine. Retired Army Lieutenant General Steph Twitty dives into where things stand one year into the invasion of Ukraine. Plus, Walmart and Home Depot kick off retail earnings this week, with several companies forecasting weaker sales growth and margins. Refinitiv's Jharonne Martis gives the outlook...

Shares of DraftKings are higher this morning after the company beat on earnings and revenue. Jefferies' David Katz breaks down the gambling sector. Plus, several industrials stocks are hitting new highs amid a tear for the sector. D. A. Davidson's Michael Shlisky explains what this means for the Deere earnings on deck. And, what are the top retail trends among investors in 2023? Investopedia' Cale...

Shares of Cisco Systems are popping more than 10% after the company beat on earnings and revenue, as well as raised guidance for the year. Bank of America Securities' Tal Liani explains the company's outlook. Plus, AIG had its strongest underwriting performance last year but saw a dip in net profit. Piper Sandler's Paul Newsome discusses the insurance space. And, despite a solid start to the year...