Wall Street Breakfast

The Fed's favorite inflation measure shows easing prices. Tesla (TSLA) expected to report record deliveries. How much does a Manhattan apartment cost to rent?

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Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

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A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

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Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Personal spending slows in May, income rises, inflation cools
Tesla could report record Q2 deliveries
Apple surpasses $3T
Netherlands, U.S. eye new curbs on chipmaking gear sales to China
Nike swings lower after setting cautious guidance

FTC hearing to block Microsoft (MSFT) $69B acquisition of Activision (ATVI) concludes (00:33). Energy drinks M&A: Monster Beverage (MNST) closes in on deal for rival Bang (01:45). Biden administration develops 'safety net' for student loan payments restart (02:39).

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Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Foxconn to invest $246M in Vietnam to set up 2 factories - report
Apple continues march towards $3T, Citi praises gross margins
FedNow to launch late July with early adopters JPMorgan, Wells Fargo, others
Root Inc. tumbles after saying it hasn't received actionable offer
Nike records margin beat, strong sales tally in China for FQ4
Catalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance

Amazon (AMZN) could face an FTC antitrust suit in the coming weeks. Banks pass stress tests. Morgan Stanley shakes up its global dividend portfolio.

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Morgan Stanley shakes up its global dividend portfolio
FTC antitrust lawsuit against Amazon expected in coming weeks
All 23 banks pass Federal Reserve's stress test on capital levels
U.S. GDP growth revised up to 2.0% in third estimate
Warren Buffett's Berkshire Hathaway boosts Occidental stake to 25%
Aspartame to be declared a possible carcinogen by WHO arm

Micron Technology (MU) pops as Q3 loss beats estimates (00:23). TuSimple (TSP) to weigh options for U.S. business (01:49). Visa (V) to buy payment and banking platform Pismo for $1B in cash (02:27).

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Morgan Stanley shakes up its global dividend portfolio
All 23 banks pass Federal Reserve's stress test on capital levels
Google, Salesforce-backed AI startup Typeface sees $1B valuation after $100M funding round
Judge in FTC suit to block Activision deal could rule as soon as next week
Why did Carvana jump? Shorts are getting put to the test
Catalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance

Nvidia (NVDA) now trades at 40x price to sales vs. 2.4x for the S&P 500 (SPY). Fed chief Jerome Powell hints at rates higher for longer. Citi spies crowded short position stocks.

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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How do you value a chip stock like Nvidia?
Citi screens for most crowded short stocks with new model
More policy tightening coming from ECB, Fed, BOE, central bank heads say
General Mills drops after organic sales fall short of expectations
Pinterest pops as Wells Fargo upgrades, citing Amazon deal, 'strong catalyst path'

Unity Software (U) surges as it unveils AI marketplace, Wells Fargo starts coverage (00:27). Nvidia (NVDA), AMD dip as US mulls new AI chip curbs for China - report (01:05). Google (GOOG) (GOOGL) violating its video-ad promises, research suggests (01:49).

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Eargo to lay off 32%-42% of workforce, announces CEO exit
German consumer confidence dips more than expected in July
Russia poised to surpass Saudi Arabia as China's top oil supplier
SiriusXM said to close Stitcher podcast app this summer
Newell Brands bounces off its recent 52-week low
Catalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance

Walgreens (WBA) slumps on guidance and is now the worst Dow performer for 2023. Durable goods, consumer confidence come in strong. Disney (DIS) gets a vote of strategic confidence from BofA.

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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Walgreens falls after lowering earnings guidance
Durable goods orders come in surprisingly strong in May
Walt Disney rises as BofA says it's 'confident' in company's strategic path
Alibaba cut to Market Perform at Bernstein
Unity Software rises as it unveils AI marketplace
Snowflake rises as it announces Nvidia partnership for generative AI apps
Philip Morris International is called a top consumer staples stock by Morgan Stanley
Delta Air Lines rallies after setting strong guidance

Lordstown Motors (RIDE) plunges after bankruptcy filing, Foxconn lawsuit. (00:28) Jackson Financial (JXN) says up to 800K customers hit by MOVEit breach (01:30). EU looking at self-preferencing in its probe of Amazon's (AMZN) iRobot (IRB) takeover - report (02:41).

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

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China's premier says economic growth on track to reach 5% target, to be higher in Q2
DeSantis seeks to dismiss Disney lawsuit, claims immunity
Lilly says patients saw mean weight reduction of 58 lbs on retatrutide
Illumina announces job cuts, to exit San Diego i3 campus
Baidu says Ernie Bot AI model beats ChatGPT on several measures
Catalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance

Novo Nordisk high-dose pills show promise with weight loss in trials. Alphabet (GOOG) (GOOGL) is downgraded by UBS. Dan Ives gives his bullish view on three tech stocks.

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

Show links:
Pills for obesity: Novo Nordisk records success in late-stage trials
Alphabet slips as UBS downgrades, citing 'limited upside,' monetization worries
Microsoft, AWS, Google may benefit as cloud spending showing 'pockets of upticks'
TV usage drops again in May, but streaming keeps rolling
Tesla is downgraded at Goldman Sachs as Wall Street continues to dial up caution on the EV stock
Carnival Non-GAAP EPS of -$0.31 beats by $0.02, revenue of $4.9B beats by $130M

Putin vs. Wagner: What does chaos in Russia mean for the markets? (00:24) IBM (IBM) nears $5B acquisition of software provider Apptio - report (01:29). Wolfspeed (WOLF) to get $2B in debt funding from Apollo-led group - reports (01:57).

Our links:

Wall Street Breakfast:
Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.

Seeking Alpha Premium:
A comprehensive set of features and analysis that helps take the guesswork out of your investing decisions. Get the bottom-line on any stock or ETF with our Premium tools.

Alpha Picks:
Alpha Picks gives you two top stock picks each month, sifted from Seeking Alpha’s analysis of thousands of stocks. We do the work. You reap the rewards.

Wall Street Breakfast on Twitter

Show links:

E-cigarette sales increased by nearly 50% between 2020 and 2022
Apple expands self service repair to include iPhone 14 line, Macs
Oregon county sues Big Oil companies for $51B over role in 2021 heat dome
Looking ahead to 2023's back half for investing opportunities
OPEC sees global oil demand growing 23% by 2045 - report
Consumer stocks are in the spotlight with student loan repayments and food disinflation in the mix
Catalyst Watch: Fed stress tests, Snowflake event, AMC hearing and Delta guidance