U.S. scraps offer to buy 6 million barrels of crude for the SPR (0:15). ADP jobs report exceeds expectations in July. (1:57) Arm eyes $60 billion IPO next month. (3:52)

Read a transcript of this episode at Seeking Alpha.

Show Links

Morgan Stanley bear Wilson sees a 2019-like rally this year
U.S. Treasury boosts quarterly refunding sales for first time in over two years
JPMorgan sees no soft landing as equity multiples are too high
BofA revises its U.S. outlook to favor a soft landing
Yum Brands gains after KFC does the heavy lifting in Q2
Pinterest slips even as Rosenblatt upgrades after strong Q2 results
Kraft Heinz sees consumers push back on pricing in Q2
CVS Health in restructuring mode amid hit to Q2 bottom-line