Wall Street Breakfast

Boeing (BA) grounds 777X test fleet after finding cracks in engine mounting structure. (00:24) Tax firm Andersen Global evaluating IPO - WSJ. (01:28) Workhorse (WKHS) raises doubts about ability to continue as going concern. (02:23) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: PANW, FN, and more Evercore sees Powell signaling openness to 50bp rate cut in Jack...

Layoffs come after GM promoted two former Apple execs to run software & services. (0:16) Carl Icahn settles with SEC over margin loans. (3:02) Goldman says market is full of RINO stocks . (3:50) Show Notes AMD to acquire ZT Systems in $4.9B deal to boost data center AI systems capabilities Estée Lauder CEO Fabrizio Freda announces intention to retire Episode transcripts:  seekingalpha.com/wsb...

China's BYD (BYDDF) to set up a plant in Karachi, Pakistan - report. (00:24) UAW chief claims Stellantis (STLA) is price gouging to inflate profits. (01:18) ‘Alien: Romulus’ (DIS) leads box-office sales with domestic premiere. (02:26) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: FUBO, EBS, and more Evercore ISI screens banks likely to fare better when the Fed...

Jay Powell will speak Friday with markets looking for September cut. (0:18)  High expectations for Target earnings. (4:51) X shuts down in Brazil . (5:54) Show Notes Goldman Sachs lowers U.S. recession risk on strong economic data Earnings Calendar Episode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter  here and for full access to analyst ratings, stock quant scores, dividend g...

Stellantis (STLA) shareholders sue company in U.S. after disappointing earnings - report. (00:23) Toyota (TM) considering an all hybrid line-up - report.  (01:35) Kroger (KR) pledges $1B in cuts to grocery items if it can complete Albertsons (ACI) deal - report. (02:48) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: HRB, AMAT, and more Piper Sandler spotlights...

Retail sales allay recession worries with 1% July gai n. (0:14) Walmart rallies on earnings . (2:03) Final prices for first 10 Medicare Part D drugs out. (4:49) Show Notes The 'battleground' stocks shorted by hedge funds, owned by many long-onlys Alibaba posts mixed quarterly results Episode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter  here and for full access to analyst rat...

SoftBank (SFTBY), Intel (INTC) talks to produce AI chip to rival Nvidia (NVDA) reportedly failed. (00:26) Meta (META) shuts down misinformation tool—CrowdTangle despite pleas. (01:28) Serve Robotics (SERV) and Shake Shack (SHAK) roll out autonomous robot delivery via Uber Eats (UBER). (02:19) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: CSCO, NKE, and more Cr...

Retail inflation keeps declining, but rents prove stubborn . (0:16) Nike could be the next activist target. . (3:33) Premier League turns to AI for offsides. (3:58) Show Notes Victoria’s Secret stock soars on prelim earnings beat, new CEO Nvidia, Coherent, Marvell, Apple supply chain updates Episode transcripts:  seekingalpha.com/wsb Sign up for our daily newsletter  here and for full access to an...

Candy maker-Mars strikes deal to buy Kellanova (K) for $30B - report. (00:24) Activist Elliott seeks 10 board seats at Southwest Airlines (LUV). (01:15) GRAIL (GRAL) to focus on multi-cancer early detection; cuts workforce by 30%. (02:36) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: NU, K, and more July CPI in focus but keep watch on retail sales as growth ri...

Starbucks shares jumped as it named Brian Niccol as its new CEO . (0:16) Wholesale inflation comes in soft. (1:49) Traders get jitters about Hawaiian Holdings deal. (4:12) Show Notes BofA’s Fund Manager Survey: Recession fears rise Home Depot points to weak consumer spending trends Episode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter  here and for full access to analyst ratin...

CXApp (CXAI) soars on multi-million dollar deal with Google Cloud (GOOG). (00:25) KFC (YUM) expanding its $5 Value Meal to take on McDonald's (MCD) in price wars. (01:10) J&J (JNJ) makes headway in settling talc baby powder litigation: reports. (01:58) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: RUM, DELL, and more Semiconductors could start recovering i...

After historic volatility shock, high fliers may offer cheap protection . (0:15) Robinhood catches an upgrade . (3:01) B. Riley plunges 50%. (3:52) Show Notes 74 S&P 500 stocks that can beat the cash yield Stock market to stay choppy near term after historic volatility shock Episode transcripts:  seekingalpha.com/wsb Sign up for our daily newsletter  here and for full access to analyst ratings...

EV fires might spark new industry rules in South Korea. (00:27) LL Flooring (LL) commences voluntary Chapter 11 reorganization proceedings. (01:16) 'Deadpool & Wolverine' (DIS) surpasses $1B worldwide. (01:53) NBCUniversal (CMCSA) publishes impressive numbers as Olympics come to a close. (02:27) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: ESPR and HUMA T...

A soft CPI could mean a half-point Fed cut, but also hit stocks . (0:14) Walmart leads retail earnings . (2:33) Disney announces new films , attractions . (6:50)  Show Notes 42 high-quality, low beta stocks to better ‘sleep at night' Chinese robotaxi operator WeRide seeks up to $5B U.S. IPO Fed Governor Bowman cautions against 'overreacting' Episode transcripts:  seekingalpha.com/wsb Sign up for o...

Paramount (PARA) adds to gains with plans to cut 15% of U.S. workforce. (00:23) Taiwan Semiconductor's (TSM) July sales surge nearly 45% amid AI chip demand. (01:21) Amazon (AMZN) to let TikTok (BDNCE) users shop select products without leaving the video app - report. (02:09) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: PARA, TTD, and more Donald Trump thinks...

Intel (INTC) shareholders sue: chipmaker was hiding problems . (00:24) Boeing (BA) boosts output of key Patriot missile components. (01:34) Costco (COST) to scan membership cards at store entrances to deter non-members . (02:30) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: WBD, MNST, and more Monster Beverage falls after cautious guidance, reversal in alcohol...

Household debt rises modestly in Q2: New York Fed Household Debt Report. (00:22) Cannabis MSOs rise as Harris picks pro-marijuana Gov. Tim Walz as running mate. (01:43) Hyundai (HYMTF) to invest $28M in Thailand for EV assembly and batteries. (02:36) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock today: SMCI, LUMN, and more Microsoft says Delta declined 'repeated' assistance...

Google (GOOG) (GOOGL) loses antitrust suit over search payments; stock declines further. (00:22) Southwest Airlines (LUV) gains as activist Elliott files 13D filing. (01:18) SunPower (SPWR) files for bankruptcy , enters stalking horse asset purchase deal with Complete Solaria (CSLR). (01:59) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: PLTR, LCID, and more Ma...

Mars in advanced talks to purchase Kellanova (K) - WSJ. (00:21) Coca-Cola (KO) to pay $6 billion in IRS back taxes case, appeal ruling. (01:12) Chevron (CVX) moving to Texas , says California policies discourage investment and hurt consumers. (01:46) Episode transcripts seekingalpha.com/wsb . Show links:  Selloff rocks the globe as markets start the week in panic mode Earnings week ahead: Disney,...

The Market Pinball Wizard, Avi Gilburt, shares how the market forces the Fed's hands (0:05). FX prediction: sizable decline coming in 2nd half of 2024 in DXY, then a multi-year rally. Will emerging markets outperform S&P? (1:40) Investing in an election year (5:15). Why it's time to get out of dividend plays (7:15). This is an abridged conversation from a recent Investing Experts  podcast . Ep...

Intel (INTC) crashes as Q2 results, guidance miss expectations; lays off 15% of staff. (00:26) FTC to investigate why grocery prices remain high despite lower costs for retailers. (02:17) Eli Lilly (LLY) CEO says weight loss drug shortage is ending. (03:31) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: AMZN, INTC, and more Snap dives 23% on narrow revenue miss...

The Bank of England cut rates to 5% in a tight 5-4 vote. (0:15) Hershey takes a hit on sale s. (4:17) Eli Lilly weight-loss drug cuts hearth-failure risk. (5:40) Show Notes Continuing jobless claims highest since November 2021 Arm Holdings sinks as Wall Street defends after Q1 results, guidance Episode transcripts:  seekingalpha.com/wsb Sign up for our daily newsletter  here and for full access to...

Applied Materials (AMAT) said to be denied CHIPS Act funding for $4B research center. (00:24) Meta earnings call: Better spending on AI now , rather than too late. (01:37) Delta Air Lines (DAL) CEO sees $500M hit from CrowdStrike-Microsoft (CRWD) (MSFT) outage. (02:42) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: META, TDOC, and more Nancy Pelosi buys more Nv...

The Federal Reserve keeps rates unchanged , brings more focus to jobs market. (0:14) Fed chief Jay Powell says September cut is on the table . (0:50) Stocks rally , led by the Nasdaq. (1:52) Show Notes Favorite high-yield dividend stocks - BMO Boeing names Kelly Ortberg as next chief executive Episode transcripts:  seekingalpha.com/wsb Sign up for our daily newsletter  here and for full access to...

Meta to pay $1.4B for Texas biometric lawsuit settlement. (00:31) Flight refunds : Pete Buttigieg urges airline CEOs to comply with new law. (01:31) DOJ files complaint against Norfolk Southern for not ceding freight traffic to passenger trains. (02:46) Episode transcripts seekingalpha.com/wsb . Show links:  Biggest stock movers today: AMD, ASML, and more Only one Mag 7 name is in the top 20 S&amp...