Wall Street Breakfast

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 modeEarnings week ahead: Disney, Duke Energy, Palantir, Shopify, Uber and moreBuffett's Berkshire Hathaway cuts massive Apple stake by nearly 50% in Q2Blame game: CrowdStrike hits back at Delta Air Lines over litigation threatSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

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.Episode transcripts: seekingalpha.com/wsbShow links: How To Make Better Decisions In Any Financial MarketFed Chair Powell’s message was what the markets ‘wanted and needed to hear’ The 20+ Year US Treasury is up for 7 days straightSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

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 moreSnap dives 23% on narrow revenue miss, light earnings outlookUranium stocks plummet as world's top producer hikes production outlookNFL's $4.7B verdict in Sunday Ticket case tossed out by judgeWarren Buffett's Berkshire sells more Bank of America stockSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

The Bank of England cut rates to 5% in a tight 5-4 vote. (0:15) Hershey takes a hit on sales. (4:17) Eli Lilly weight-loss drug cuts hearth-failure risk. (5:40)Show NotesContinuing jobless claims highest since November 2021Arm Holdings sinks as Wall Street defends after Q1 results, guidanceEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

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 moreNancy Pelosi buys more Nvidia, sells MicrosoftRussell 2000 rise: Top 5 best, worst performers during July's rally in small-cap stocksGundlach says Fed should’ve cut rates in July, sees room for reduction of 150bpsSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

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 NotesFavorite high-yield dividend stocks - BMOBoeing names Kelly Ortberg as next chief executiveEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

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 moreOnly one Mag 7 name is in the top 20 S&P 500 YTD performersMicrosoft stock dips amid service outage led by "unexpected usage spike"GSK shingles vaccine cuts dementia riskSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

The company will unveil a new tool called AI Studio. (0:16) 'Deadpool & Wolverine' sets a box office record. (3:24) BofA says AI hype days are over. (4:32)Show NotesProcter & Gamble falls after organic sales miss expectationsPayPal boosts 2024 earnings and buyback guidance after strong Q2 beat.Episode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

U.S. national debt exceeds $35T for the first time ever. (00:23) J.M. Smucker exploring sale of Voortman cookie brand - Reuters. (01:21) Delta hires law firm following CrowdStrike software outage - report. (02:13)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: TLRY, CRWD, and moreBiden administration continues refilling oil emergency reserve, needs funds to buy moreRobotaxi jolt: Tesla autonomous driving test goes poorly for Truist SecuritiesNvidia begins ushering in next wave of AI - physical AI: SIGGRAPH 2024McDonald's trades higher after saying its $5 Meal Deal is seeing some tractionSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Trump lays out plan to turn U.S. into a 'crypto capital' and 'bitcoin superpower'. (00:25) Apple Intelligence won't debut with initial iOS 18 launch - report. (01:13) Mitsubishi Motors is said to join Honda-Nissan alliance. (02:21)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: PBI, PHG, and moreEarnings week ahead: MSFT, AMZN, AAPL, META, PFE, MCD, SBUX, XOM, CVX and moreThe Paris Olympics are expected to provide sportsbooks with a major boostMicrosoft's LinkedIn to settle lawsuit by advertisers alleging overcharges - reportSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Here come the 2024 Olympic Games: Faster, Higher, Stronger and Debt. (00:25) OpenAI (MSFT) begins testing AI-powered search; GOOG slips. (01:34) Southwest Airlines (LUV) ditches open seating model to offer assigned seats in major policy shift. (02:48)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: DXCM, COUR, and moreBitcoin 2024: Trump set to woo crypto industryBarack and Michelle Obama endorse Kamala Harris for presidentNvidia dethrones Tesla on IBKR's most-active list, CrowdStrike in at third after outageLululemon downgraded as athleisure falling out of favor, Breezethrough leggings pulledSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

GDP topped expectations, rising 2.8% with less pricing pressure. (0:16) Durable goods orders plunge, driven by aircraft. (1:26) Viking Therapeutics soars with late-stage move for obesity drug. (3:35)  Show NotesTech sell-off likely to be 'short-lived' as AI, cloud helps power earningsThe correction happening in stocks is 'far from over'Episode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Boeing (BA) formally files guilty plea in 737 MAX case. (00:25) Ford (F) profitability skids on higher warranty costs, EV losses. (01:17) NBA rejects Warner Bros. Discovery (WBD) on deal, to go with Amazon (AMZN). (02:36)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: F, CMG, and moreThe correction happening in stocks is 'far from over,' IBKR saysWarehouse REIT Lineage prices IPO near high end of range in year's biggest debut - reportSuccession feud: Rupert Murdoch moves to ensure media empire's conservative stanceSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Semiconductor stocks lead another tumble in the Nasdaq. (0:16) AT&T bucks the trend post-earnings. (2:08) Bill Dudley calls for Fed cut next week. (2:48)Show NotesWatch this $70B ETF to gauge if bulls can maintain sway over small-capsEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Spot ether ETFs close out first trading day lower as ether price slips. (00:27) Tesla (TSLA) earnings call: Elon Musk talks robotaxi delay, energy upside, discounting downside, and calls out Nvidia. (02:03) CrowdStrike (CRWD) blames bug in content update for global Windows meltdown. (02:48)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: TSLA, V, DB, and moreApple dabbles with foldable iPhone, eyes possible 2026 release: reportsAlphabet beats as search, Cloud come through and profit jumpsWatch this $70B ETF to gauge if bulls can maintain sway over small-caps: BTIGSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

The crypto-based ETFs moved slightly lower on first day of trading (0:16). Coca-Cola smashes organic sales. (2:15) CrowdStrike CEO called to Capitol Hill. (3:51)Show NotesDelta struggles to resume operationsAI startup Cohere sees valuation soar to $5.5BEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Wiz turns down Google's (GOOG) (GOOGL) $23B acquisition deal - report. (00:23) WBD taps matching rights in attempt to stay on NBA deal. (01:23) Mattel (MAT) jumps after report PE firm L Catterton made takeover approach. (02:43)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: NXPI, CCK, and moreNew presidential contender Harris seen as tougher oil industry foe than BidenCrowdStrike slips as Guggenheim, BTIG downgrade following global outageKronos Worldwide announces private offeringSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Wall Street futures edge up as Biden drops out; China cuts rates. (00:24) Goodyear to sell Off-the-Road tire business to Yokohama for $905 million. (01:51)  Woodside Energy to buy Driftwood LNG developer Tellurian in $1.2B deal. (02:07)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: RYAAY, CRWD, and moreKamala Harris' potential impact on health care stocksQuick service restaurants face disgruntled consumers and nervous investorsSA Asks: Which chip companies could weather an attack on Taiwan?Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Biden endorses VP Kamala Harris. (0:17) Tesla robotaxi and AI initiatives could balance core auto struggles. (1:54) The world emerges from the blue screen of death. (6:56)Show NotesEarnings calendarDividend RoundupSteven Bavaria Takes Investors Inside The Income FactoryEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Major tech outage from CrowdStrike (CRWD) hits Microsoft (MSFT) systems worldwide. (00:22) Netflix (NFLX) tops financial, user expectations, though cash flow growth pauses. (01:35) Align (ALGN) reportedly launching sales initiative through Costco. (02:36)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: CRWD, PLUG, HE, and moreWhy 'unloved' small-cap stocks are in store for a strong second half - Carson's DetrickSF Fed chief Daly says price stability yet to be achieved, 'we're not there yet'D.R. Horton Q3 earnings and revenue beat; announces $4B stock buybackSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.