Morning Call

The European Union is closing in on a possible Russian oil price cap of $60 a barrel. Sankey Research's Paul Sankey explains the implications for this weekend's OPEC+ meeting. Plus, investors are awaiting this morning's November jobs report, with economists expecting employers to have added around 200,000 jobs last month. Oppenheimer Asset Management's John Stoltzfus and Winthrop Capital Managemen...

Congress is set to hold its first hearing on the downfall of FTX, which comes on the heels of founder Sam Bankman-Fried's conversation with Andrew Ross Sorkin at yesterday's DealBook event. CoinDesk's Tracy Wang explains the latest. Plus, oil saw 3% gains yesterday in its best day since early November. Kpler's Matt Smith breaks down the energy outlook. And, futures are lower after the major averag...

Rounding out the final trading day of November, tech continues to be a weak spot for investors, with the Nasdaq standing as the only major index on track to end the month lower. Arete Research’s Rocco Strauss explains the outlook for the sector. Plus, crude prices are looking at some modest gains today as investors gear up for this weekend’s meeting by OPEC+. Saxo Bank’s Ole Hansen breaks down the...

Officials in China are holding a press conference today over the ongoing COVID-19 restrictions showing no signs of easing, a policy move that some think could actually create an economic opportunity down the road. Robert Kuhn, a long-term advisor to China’s leaders, explains the outlook. Plus, shopping for Cyber Week is expected to hit all-time highs this year despite concerns over a potential con...

Unrest is erupting in cities across China overnight amid the country’s ever increasing COVID-19 lockdowns and restrictions. Longview Global’s Dewardric McNeal gives the latest. Plus, Black Friday saw record sales in online shopping, with a similar outcome expected for Cyber Monday today. R5 Capital’s Scott Mushkin breaks down his holiday outlook. And, markets are lower in pre-market trading. Fernw...

U.S. retailers are bracing for a slower-than-normal Black Friday as inflation weighs on consumer demand. J. Rogers Kniffen Worldwide’s Jan Kniffen breaks down what to expect. Plus, the latest unrest and exodus of workers at Foxconn’s factory in Zhengzhou is adding to pressures on Apple’s production of the iPhone 14 during the company’s most important quarter. Hargreaves Landsdown’s Sophie Lund-Yat...

The bankruptcy process for FTX is beginning, marking the latest turn in the ongoing saga that is the exchange’s high profile collapse. Investopedia’s Caleb Silver explains the key topics investors are searching for online. Plus, shares of several retail companies are up ahead of Black Friday shopping. Storch Advisors’ Gerald Storch gives his expectations for the holiday shopping season. And, earni...

Oil prices are edging higher today after both WTI and Brent Crude dove more than $5 a barrel to 10-month lows yesterday. Again Capital’s John Kilduff breaks down the outlook for energy ahead of OPEC’s next meeting. Plus, it’s the final stretch for retail earnings before holiday shopping season kicks off with Black Friday this week. SW Retail Advisors’ Stacey Widlitz discusses which names to watch....

Disney’s board announced late last night that CEO Bob Chapek is out and Bob Iger is back in, marking the end of a tumultuous, nearly three-year tenure by Chapek. Financial Times’ Alex Barker gives the latest developments. Plus, the 2022 World Cup kicked off yesterday with the host nation Qatar falling to Ecuador. Washington University in St. Louis’ Patrick Rishe discusses the sports streaming land...

The Bahamas securities regulator says it ordered the crypto assets of FTX’s Bahamas unit to a government-controlled wallet for safekeeping one day after its parent company filed for Chapter 11 bankruptcy. TechCrunch’s Anita Ramaswamy gives the latest. Plus, China tech stocks are higher on the back of a mixed quarterly report from Alibaba. SC Asia’s Sid Choraria explains the impact on the rest of t...

It’s been a mixed picture for retail, with Target warning of a consumer slowdown despite names like Walmart, Home Depot, and Lowe’s all beating expectations. Kearney Consumer Institute’s Katie Thomas explains what’s to come. Plus, Federal Reserve Governor Christopher Waller says he’s open to the idea of raising rates by half a point but stresses that inflation remains painfully high. Raymond James...

Retail earnings roll on with Target expected to report this morning on the heels of Walmart’s better-than-expected quarter yesterday. UBS’ Michael Lasser makes the case for the stock. Plus, it’s a mixed picture for Chinese tech, with names like Alibaba and JD.com reversing gains seen earlier this week. MSA Capital’s Ben Harburg gives the latest. And, stocks are looking to add onto yesterday’s gain...

Former President Donald Trump is widely expected to announce his 2024 presidential bid at an event in Mar-a-Lago this evening despite a number of his handpicked candidates losing key races in last week’s midterm elections. American Enterprise Institute’s James Pethokoukis gives his thoughts. Plus, FTX says it’s been in contact with the SEC, the U.S. Attorney’s office, and dozens of federal, state,...

President Biden and China's Xi Jinping are holding their first face-to-face meeting since Biden took office back in 2021 ahead of this week's G20 Summit in Bali. Eurasia Group's Anna Ashton gives the latest. Plus, sources say that FTX CEO Sam Bankman-Fried secretly transferred $10 billion in customer funds to his trading company, Alameda Research. CoinDesk's Lawrence Lewitinn explains what this me...

Stocks are getting a big boost on the back of the October CPI report showing a smaller than expected increase in consumer prices. Bank of America’s Aditya Bhave explains what this means for the economy going forward. Plus, reports say FTX is looking for more than $9 billion in rescue funds from rivals such as OKX and current investors like Sequoia Capital. TechCrunch’s Jackie Melinek gives the lat...

Binance is walking away from its plans to acquire FTX just a day after Binance CEO Chapeng Zhao reached a deal that would rescue the crypto exchange from liquidity crisis. CoinDesk’s Tracy Wang explains the latest updates. Plus, the fight for control of Congress rolls on, with contests in Arizona, Nevada, and Georgia all remaining too close to call. Invesco’s Andy Blocker discuss key takeaways fro...

Democrats flipped a key Senate seat in Pennsylvania, helping to fend off expectations of a “red wave” by Republicans. Fordham Global Insight’s Tina Fordham dives into the midterm results. Plus, with the Republicans expected to win back control of the house and the Senate still hanging in the balance, there could be some changes coming to the United States’ role in the global energy landscape. RBC...

Americans are preparing to head to the polls to cast their ballots for the midterm elections in what’s expected to be a close contest. Raymond James’ Ed Mills explains what investors need to watch. Plus, several big tech companies have announced layoffs or hiring freezes in recent weeks. Fast Company’s Stephanie Mehta breaks down the implications on the sector. And, word on Wall Street is that the...

The results are in from the latest NBC News midterm poll for the final check on the pulse of the voter before tomorrow’s midterm elections. Stifel’s Brian Gardner gives his thoughts on what’s to come. Plus, the Nasdaq is coming off its worst week since January, with software and services down nearly 9% last week. Baird’s Rob Oliver discusses what this means for the sector. And, ahead of another bu...

The October jobs report is out today, just two days after the Federal Reserve boosted interest rates by 75 basis points for the fourth time in a row. Wells Fargo’s Sarah House explains what to expect. Plus, with earnings out from Expedia and Booking Holdings, what is the state of the travel industry? AB Bernstein’s Richard Clarke weighs in. And, Starbucks topped estimates as consumers continue to...

Netflix launches its ad-tier today as the streaming wars continue. Big Technology’s Alex Kantrowitz explains what this means for the company. Plus, investors are still digesting the Federal Reserve’s fourth straight 75 basis point rate hike and Fed Chairman Jay Powell’s promise to keep his foot on the gas. Federated Investors’ Linda Bakhshian discusses the implications on the markets. And, what’s...

The countdown to today’s Federal Reserve policy decision is on, as investors price in a more than 85% chance the Fed raises the benchmark rate by 75 basis points for the fourth time in a row. TD Securities’ Priya Misra and NatWest Markets’ Michelle Girard break down what to expect. Plus, according to reports out this morning, Credit Suisse is garnering the attention of one controversial shareholde...

The Federal Reserve kicks off its two day policy meeting today, with investors pricing in a more than 88% chance of a 75 basis point rate hike. Former Fed Vice Chairman Roger Ferguson explains what to expect. Plus, the chip sector remains in focus for Wall Street this week as several names report Q3 results. Fitch Ratings’ Jason Pompeii breaks down the names to watch. And, stocks are gearing up fo...

Tech stocks are looking to shake off a rough week, with shares of some of the sector’s biggest players sinking on earnings and losing more than $250 billion in combined market value. Arete Research’s Rocco Strauss and Cleo Capital’s Sarah Kunst give their thoughts. Plus, with just over one week until the midterm elections, Wall Street is watching for updates on the attack on Nancy Pelosi’s husband...

Chevron and Exxon are set to report third quarter earnings as the energy rally continues. Barclays’ Jeanine Wai breaks down what to expect. Plus, Amazon and Apple told different stories with their earnings reports last night. Laffer Tengler Investments’ Nancy Tengler and Tigress Financial Partners’ Ivan Feinseth wrap up a big week for tech. And, the major averages are wrapping up a volatile week o...