Morning Call

According to a letter sent by his legal team on Friday, Elon Musk is looking to terminate his $44 billion deal to buy Twitter. Daniel Flax of Neuberger Berman discusses the latest. Plus, Amazon Prime Day and Target Deal Days are expected to offer competitive price reductions, but will they be enough to remedy the unstable state of the consumer? Stacey Widlitz of SW Retail Advisors weighs in. And,...

Natural gas futures in Europe are trading at $50 or more right now with no sign of coming down. Per Magnus Nysveen of Rystad Energy dives into the imminent pressure European countries are feeling to fill up their storage tanks ahead of winter. Plus, a new report by the St. Louis Fed says that the Paycheck Protection Program (PPP) was “not well-targeted.” Jimmy Pethokoukis of the American Enterpris...

The busy week of employment data rolls on, with Initial Jobless Claims due today and the June Jobs Report due tomorrow. Daniel Zhao of Glassdoor gives his predictions for the report amid concerns of a slowing economy. Plus, since topping $122 a barrel in early June, WTI Crude has been in a steady decline, falling more than 17% to break below $100 this week. Ann Bluntzer of the TCU Energy Institute...

“Worldwide Exchange” delivers essential, actionable information and analysis for anyone who wants to be part of the global business conversation. Anchored by Brian Sullivan, the program will prepare CNBC’s worldwide audience with a smart take on overnight U.S. news and live international market action. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our...

Bitcoin is gaining some ground today, hovering near $20K after falling below $19K at one point past year. Clara Medalie of Kaiko discusses the current state of crypto. Plus, today marks one year since Andy Jassy took over the top job at Amazon. Between the company reporting its slowest quarterly sales growth in 20 years to seeing one of its warehouses form the company’s first ever union, what does...

The once hot Buy Now, Pay Later space is facing a chill thanks to growing headwinds, with companies grappling with consumers becoming more selective with their spending due to inflation and rising borrowing costs. Zilch CEO Philip Belamant joins us to discuss why his company is defying this recent downtrend as it holds steady with a valuation of $2 billion. Plus, another area of the market that ha...

The vote by Spirit Airlines shareholders over a potential merger with Frontier is facing yet another delay. Former Airline CEO David Banmiller gives us his predictions for this deal, as well as for the future of airline consolidation. Plus OPEC and OPEC Plus are meeting today, with sources saying no big policy changes are expected. Louise Dickson of Rystad Energy breaks down the latest performance...

Don Rismiller of Strategas details how when the cost of gas and interest rates are both rising, the economy slows down. Plus, Sarah Lien of Eastspring Investments says China is a great investment destination again. And, Brian Sullivan reveals which companies have been spending the most on private jets for their top executives’ personal use. Hosted by Simplecast, an AdsWizz company. See https://pcm...

Shares of Robinhood spiked into the close yesterday on a report that crypto exchange FTX was exploring how to possibly buy the brokerage app. Tracy Wang of CoinDesk joins us to discuss the state of the crypto market. Plus, Nike posted better than expected sales and profit for Q4 yesterday, thanks to demand for sneakers and sportswear. Aneesha Sherman of Bernstein dives into the results. And, stock...

The ongoing troubles surrounding air travel in the U.S. will potentially worsen during the 4th of July holiday weekend, with TSA screening nearly 2.5 million passengers this past Friday – the highest since just before the pandemic. Helane Becker of Cowen gives her thoughts on solutions to issues like staffing, delays, and cancellations for the summer. Plus, G-7 leaders are preparing a ban on impor...

Russian oil production is nearly back to pre-war and pre-sanction levels, according to Vortexa. So what does this mean for the U.S. energy supply? Energy strategist Clay Seigle weighs in. Plus, stocks are looking to add to Thursday’s gains on the back of Jay Powell’s testimony on Capitol Hill, where lawmakers pressed Powell on the central bank’s plan if the economy slows down without reducing infl...

Mortgage applications are dropping as rates continue to increase, with rates for a 30 year fixed mortgage now up nearly 80% in the last year. Scott Lawlor of Waypoint Residential joins us to discuss the risks of another housing crisis. Plus, Energy Secretary Jennifer Granholm will speak with seven oil and gas executives this morning about why they are not refining more gasoline or producing more o...

“Worldwide Exchange” delivers essential, actionable information and analysis for anyone who wants to be part of the global business conversation. Anchored by Brian Sullivan, the program will prepare CNBC’s worldwide audience with a smart take on overnight U.S. news and live international market action. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our...

A number of factors are driving the price of natural gas through the roof for many households and corporations. But when will utility prices peak? John Bartlett of Reaves Asset Management weighs in. Plus, the debate over a coming U.S. recession is growing more intense, with Goldman Sachs and Nomura saying an economic downturn is more likely than not. John Stoltzfus of Oppenheimer Asset Management...

More than half of the stocks in the S&P 500 are now trading below their pre-COVID highs, according to Bespoke. Robert Teeter of Atsilver Asset Management and Kevin Caron of Washington Crossing Advisors discuss which sectors are being hit the hardest. Plus, crypto is stabilizing today after what’s been a rough week for the space, with Bitcoin down almost 30% just this week as interest rates rise an...

Investors are still digesting the Federal Reserve’s biggest single rate increase since 1994, hiking by 75 basis points. Jenny Harrington of Gilman Hill Asset Management and Dana Peterson of The Conference Board discuss the short and long term implications of this decision. Plus, Jerome Powell now expects the Fed Funds Rate to increase by roughly 1.75 percentage points over the next four policy mee...

The head of Ares Management discusses the state of the global credit market. Plus, JP Morgan’s chair of global research, Joyce Chang, says price pressures are going to persist for some time. And, Brian Sullivan details how power customers across the Midwest are feeling the pain of higher bills, as energy costs skyrocket. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for inf...

The U.S. Dollar is holding near a 20-year high as markets brace for an even more aggressive Fed rate hike. Geoffrey Yu of BNY Mellon joins us to discuss the rise in the dollar index. Plus, the major investment banks, including JPMorgan, Goldman Sachs, Barclays, and Jefferies are all calling for the possibility of 75 basis point hike. Jon Najarian of MarketRebellion.com gives us his take. And, mark...

The global equity sell-off coming off the heals of Friday’s higher-than-expected May inflation report is showing price gains at their fastest pace since 1981, adding to the pressure facing Jay Powell and the Fed ahead of this week’s policy decision and questions about possible changes to its rate hike strategy. Michelle Girard of Natwest Markets joins us to discuss the future of inflation. Plus, i...

Wall Street is buzzing as investors await the May CPI report, due later this morning, with price gains remaining at their highest level in 40 years. Sarah House of Wells Fargo tells us what to expect from the report. Plus, stocks in China are rising today, including tech stocks like Alibaba, Meituan, and NetEase. Brendan Ahern of KraneShares, shares what is driving the spike in these stocks. And,...

The incredible commodity run of the past year continues to roll on. Wheat, orange juice, coffee, cattle, hogs, corn, and soybeans are why the inflation story is so important now. Ed Morse of Citigroup joins us to discuss all things commodities. Plus, it's been a rough time for most sectors of the market, including the midcaps. The S&P 400 Midcap Index is down 11% this year, performing just slightl...

Again Capital’s John Kilduff discusses the squeeze higher diesel prices are putting on the U.S. food supply and shipping network. Plus, Ylan Mui details a new plan being unveiled by a group of moderate Democrats to help ease the strain of high prices on consumers’ wallets. And, Nest Seekers chief economist Erin Sykes talks about affordability, mortgage rates and the lack of new inventory in the ho...

Gasoline is up 90% this year, with drivers in 10 states and Washington DC paying more than $5 a gallon. Jay Young of King Operating Corp discusses the outlook of energy as more than 80 trade groups call on the Biden administration to take action. Plus, Apple made some surprises as its annual Developers Conference, as it plans to venture into the Buy Now, Pay Later space. Alex Kantrowitz of Big Tec...

Apple prepares to kick of its annual developers conference today, where the company is expected to unveil updates to the core operating systems and its long rumored augmented reality device. Daniel Flax of Neuberger Berman gives us the rundown on what to expect from the event. Plus, according to Triple A, the current national average for regular gasoline stands at just under $4.87 a gallon, which...

In a tight labor market with unemployment near a record low, people are able to push companies to offer better pay and benefits. But as economic storm clouds start to gather, will workers be able to maintain the upper hand? Rucha Vankudre of EMSI Burning Glass joins us to discuss the outlook for the labor market. Plus, oil prices are edging lower today, and the market is largely shrugging off the...