Wall Street Breakfast

Catalyst watch for the week of June 25. Seeking Alpha Managing News Editor Kim Khan says the inflation gauge to look out for next week is the PCE price index (00:27). He also gives investors a preview of Nike (NKE) earnings (02:22). Hot topic: Cage match between Elon Musk and Mark Zuckerberg, who wins? Musk, Zuck or investors? (04:17)

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Elon Musk may have cage match with Mark Zuckerberg in battle of tech CEOs
Nike inventory issues likely to drag on earnings - Morgan Stanley
Will Sticky Core PCE Inflation Ease In Months Ahead?
China Sales Slowdown Jeopardizing Nike's Long-Term Guidance
Meta Platforms: Last Man Standing
Nike runs back into Macy's stores as it rekindles wholesaler relationships

More companies are now eligible to get funds from the CHIPs Act. Deutsche Bank is unimpressed with the C3.ai (AI) investor day. Goldman taps top stocks for return on equity.

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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.

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Wall Street Breakfast on Twitter

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Goldman adds 25 new stocks with growth potential to its ROE basket
Chip equipment makers, chemical companies, others now eligible for CHIPs Act funds
C3.ai slumps 8% as Deutsche Bank reiterates sell after investor meeting
Apple, Google, other tech CEOs to meet with Biden to discuss AI, manufacturing

Microsoft (MSFT) battles with FTC in court over $69B Activision (ATVI) deal (00:25). Ford (F) preps for another round of layoffs - report (01:55). Virgin Galactic Holdings (SPCE) files to sell another $400M worth of stock (02:38).

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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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J&J talc bankruptcy unit to establish $750M trust fund with insurers
Ouster announces layoffs, reaffirms second-quarter revenue outlook
Amazon pops as Loop Capital says AWS slowdown likely to 'bottom' soon
3M to pay up to $10.3B in PFAS water pollution settlement
Warner Bros. Discovery in talks for $500M sale of half of music publishing assets
Catalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event

Copper prices hit a seven-week high as inventories fall. Tesla (TSLA) gets a downgrade from Morgan Stanley. A Musk and Zuckerberg cage fight?

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Wall Street Breakfast:
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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:
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Wall Street Breakfast on Twitter

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Bank of England surprises with half-point hike to 5%
AMC dips, APEs rise as special master supports conversion-plan settlement
Copper climbs to highest since May as LME stockpiles plunge
Tesla loses bull rating at Morgan Stanley with AI premium seen at risk
Elon Musk may have cage match with Mark Zuckerberg in battle of tech CEOs
Darden Restaurants falls after same-restaurant sales trail estimates

Cell-based meat is approved in the U.S. for the first time (TSN).(00:24) Car insurer Root (ROOT) jumps on report of takeover offer (01:20). Fed's Jerome Powell says more 'moderate pace' of rate hikes may 'make sense' (01:54).

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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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Apple rolls out developer tools to create apps for its Vision Pro headset
Crypto exchange FTX already faces $200M in bankruptcy fees
Applied Optoelectronics inks supply deal with Microsoft
Toyota introduces next-gen minivans in Japan
Netflix's $2.5B South Korean investment to include grooming local talent - report
Intel to restructure manufacturing business
BlackRock's ETF Filing Could Be Good For The Grayscale Bitcoin Trust
Catalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event

Fed Chairman Jerome Powell kicks off his Washington testimony saying there is a long way to go on inflation. Barclays cuts its rating on Tesla (TSLA) but admits it may be a gamble. Amazon (AMZN) details Prime Day deals.


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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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Federal Reserve Chair Powell to repeat expectation that rates will rise more this year
Amazon sets Prime Day for July 11-12 in big test of consumer discretionary spending
Tesla is downgraded at Barclays ahead of Q2 earnings
Ant Group developing own AI large language model
Wall Street rally further cools as Nasdaq, S&P, Dow under pressure after Powell testimony

S&P, Dow, Nasdaq futures tread water ahead of Fed Powell's testimony.(00:24) FedEx (FDX) falls after revenue miss, weak profit guidance; UPS (UPS) slips as well (01:22). Advanced Micro Devices (AMD) to invest up to $135M to expand operations in Ireland (02:03).

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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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More big wins for Tesla: Charging standards and EV subsidies
Simulations Plus acquires Immunetrics to expand into immunology and oncology
Paramount sale of BET may be in doubt as asking price too high - report
YouTube's 1st official shopping channel to launch in South Korea - report
HBO reportedly in talks to license shows to rival Netflix
Mastercard rolls out global recycling plan for debit, credit cards - report
AMD: Late To 2023 Design Wins (Rating Downgrade)
Catalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event

Alibaba Group (BABA) Announces Chairman and CEO Succession Plan (00:25). Biden sees progress in U.S.-China ties after Blinken meets Xi Jinping (00:53). New York Stock Exchange President sees Cava (CAVA) debut ending drought of IPOs (01:40).

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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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Intel's €30B investment to be single largest FDI in German history
IBM and Adobe collaborate to provide a content supply chain solution using generative AI
Airbus receives record order for 500 planes from India's IndiGo
NAHB homebuilder sentiment index in positive after 11 months
Teleperformance gets new executive chief
Avanos agrees to acquire Toronto-based Diros Technology
Managed care stock sell-off could be a buying opportunity, says Wells Fargo
Catalyst watch: Powell testifies to Congress, Microsoft-Activision Blizzard hearing and Dollar Tree event

Catalyst watch for the week of June 18. Seeking Alpha Managing News Editor Kim Khan gives investors a wrapup of the FOMC meeting. (00:28) Seeking Alpha Associate News Editor Kevin Curran previews what to expect when FedEx Corporation (FDX) reports earnings. (03:10) Hot topic: PGA Tour, LIV Golf and Manchester United (MANU) have something in common (06:04). What is it?

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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FedEx Q4 2023 earnings on deck, what to expect
FedEx Earnings Preview: Comps Get Much Easier In 2nd Half Of Calendar '23
Justice Dept. probing PGA Tour planned merger with LIV Golf - report
Manchester United gains amid report Qatari bidder negotiating exclusivity (update)
'Nearly all' Fed policymakers see more hikes appropriate this year: Jerome Powell press conference

Virgin Galactic (SPCE) targets late June for official launch of commercial service (00:32). Squarespace (SQSP) takes off on deal to buy assets of Google's (GOOG) (GOOGL) domains business (02:15). Intel (INTC) said to be close to deal worth $10.8B in subsidies for German chip plant (01:29).

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:

Adobe rises as it boosts fiscal earnings, revenue outlook after strong Q2
BlackRock files for bitcoin ETF; Coinbase as custodian
GameStop's Ryan Cohen blasts management that only 'rest and vest'
Enovix hits Q2 milestone early, producing 18K battery cells
VMware/Broadcom deal spread narrows amid report on China antitrust review
Cava trades with a higher market cap than Wendy's, Shake Shack and Papa John's after strong IPO debut
Uber ends taxi service in Israel, cuts food delivery in Italy
Virgin Galactic: Successful Test Flight Does Not Mean Share Price Will Take Off