Wall Street Breakfast

Producer prices rose more than expected in July and the decline looks stalled. (0:15) President Biden calls China a ‘ticking time bomb.’ (2:43) Treasury bonds are on pace for record inflows of cash. (4:29)

Seeking Alpha transcripts.

Show Notes
Dividend Roundup: Microsoft, Exxon Mobil, Kohl’s, FOX, and more
JPMorgan flags 4300 and 4200 as key technical levels for the S&P 500
Treasuries on pace or record year of demand, cash already there
Biden calls China a 'ticking time bomb' amid deflationary spiral, economic woes
Producer prices rise slightly more than expected in July
Tech can still outperform the S&P; BMO screens for good bets
Microsoft's role in data breach to be part of US cyber probe - report
Medical Properties Trust slashed to Underperform at Raymond James
Archer Aviation soars after landing new investment, working out collaboration deal with Boeing
Taiwan Semiconductor's July net revenue jumps ~13% over June but falls short Y/Y

GM, Ford (F), Stellantis (STLA) slide as union president tosses proposals in the dustbin. (00:26) Supreme Court to hear arguments on Purdue Pharma $6B bankruptcy settlement. (2:04) Hawaiian Electric (HE) falls 12% in two days after deadliest U.S. wildfire in five years. (03:19)

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Biggest stock movers today: Archer Aviation, Maxeon Solar Technologies and more
Meta said to build only roughly 1,000 units of new AR glasses
DOJ requests more info on Amedisys, UnitedHealth merger
Aluminum prices seen rebounding with low global inventories, Century CEO says
Catalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

Victor Dergunov runs The Financial Prophet and joins Kim Khan to discuss their first reactions to today's CPI numbers - we hit the 'goldilocks' zone (1:00). Will the Fed be encouraged, are they done hiking rates? (3:15) Inflation and labor market, 2 crucial things to watch for a soft landing (5:00) looking for a better market into year end (7:00) and Disney's 'pretty good' earnings (11:20).

Transcripts on Seeking Alpha

Show Notes
Inflation rises slightly less than expected Y/Y in July, but shelter prices stay strong
Finally, Disney Is Dirt Cheap
Why The Correction Could Get Worse

July's CPI expected to highlight the challenge in lowering inflation to 2%. (00:26) Disney's (DIS) quarterly revenues, streaming subscribers fall short of forecasts. (01:45) Alibaba (BABA) revenue expected to grow nearly 2% in Q1. (03:13)

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Biggest stock movers today: Plug Power, AppLovin and more
Kenvue set to join S&P 500
Coach owner Tapestry in talks to buy Capri Holdings - WSJ
Amyris files for Chapter 11 bankruptcy
Disney earnings call: More streaming price hikes amid pivot toward profits
Catalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

Universal Music and Google in talks for artists to get paid for AI deepfakes. (0:15) WeWork could run out of cash by early 2024. (3:16) Is the stock market just delaying a recession? (4:21)

Read a transcript of this episode on Seeking Alpha.

Show Notes
Google, Universal Music working on licensing deal for AI deepfake songs
A 'Going Concern' Filing For WeWork
Roblox dives 19% as engagement, user growth disappoints
White House plans to restrict some U.S. investments in China
Wendy's slips after U.S. comparable sales in Q2 trail estimates
Canaccord Genuity says a recession is inevitable, it just may be further out
'Pure defensive' may be the stock trade of the rest of '23 - J.P. Morgan's Kolanovic


Wall Street Breakfast on Twitter

Sports betting shakeup: ESPN (DIS) bets big with PENN in deal aimed at clipping DraftKings' and FanDuel's dominance. (00:28) Amazon (AMZN) is latest heavyweight in talks to anchor Arm IPO - report. (01:49) China's CPI falls for first time in over two years; PPI drops more than expected. (02:40)

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Biggest stock movers today: PENN Entertainment, WeWork and more
Rivian Automotive boosts full-year deliveries guidance
Holiday sales grab: Amazon plans to hold a major shopping event in October
Plug Power Q2 earnings on deck, what to expect
ESPN moves into sports betting, teaming with PENN on ESPN Bet
Catalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

Moody’s cuts ratings on small- and midsize banks and puts six big lenders on watch. (0:15) Weight loss pill cuts heart disease risk by 20%. (3:28) Which stocks are loved by hedge funds and which are shunned? (4:14)

Read a transcript of this episode at Seeking Alpha.

Show Notes
Stocks most loved and shunned by hedge funds
Three stocks make the cut for Credit Suisse's 'Top of the Crop' list
Moody's downgrades U.S. banks on funding risk, office exposure; 6 big lenders on watch
Novo Nordisk weight loss drug cuts heart disease risk by 20%
UPS in charts: Revenue slips in all three segments
UPS tumbles after guidance is cut with a new Teamsters contract in the mix
Beyond Meat disappoints saying it will miss cash flow targets; shares fall
AMC Entertainment rallies after Q2 earnings shine, guiding for record revenue tally in July
Datadog tumbles ~20% after slashing FY23 revenue outlook



Wall Street Breakfast on Twitter

U.S. shelter inflation, the biggest component of CPI, may turn negative in 2024 - SF Fed. (00:27) Dish Network (DISH), EchoStar (SATS) nearing deal to merge - report. (01:25) Tilray (TLRY) to buy eight beer brands from Anheuser-Busch (BUD) in bid to boost beverage portfolio. (02:04)

Transcripts available on Seeking Alpha

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Three stocks make the cut for Credit Suisse's 'Top of the Crop' list
Palantir rises as Q2 results meet estimates, raises full-year sales forecast
Lucid Group rises; on track to produce more than 10,000 vehicles this year
Electric bus maker Proterra tanks on bankruptcy filing, cancels earnings call
Amazon said poised to meet with FTC next week
Beyond Meat beyond disappoints saying it will miss cash flow targets; shares fall
Biggest stock movers today: Tilray Brands, Beyond Meat and more
Catalyst Watch: Wayfair and Kellogg events, Alibaba earnings and AI hacking test at Def Con

HSBC plans to move its global HQ to a smaller space as office real estate continues to struggle. (0:15) Nearly half of Americans would try weight loss pills. (2:52) Morgan Stanley shakes up its dividend stock poftfolio. (4:20)

Read a transcript of this episode at Seeking Alpha.

Show Notes
See the full Morgan Stanley Dividend Equity Portfolio
Jefferies: ‘We think that a recession is almost inevitable’
Tyson Foods misses estimates, forecasts weak margins for beef, chicken
Sage plummets 46% after FDA declines zuranolone in major depression
Campbell Soup to buy Sovos Brands in $2.7B all-cash deal
Pratt & Whitney engine recall said to affect airline schedules: WSJ


Wall Street Breakfast on Twitter