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Plus: China confirms it will hold a top-level summit with the European Union in Beijing this week. And, AstraZeneca plans to invest $50 billion in the U.S. by 2030. Kate Bullivant hosts.
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Over 100 companies in the S&P 500 are set to report earnings this week. Plus: Verizon shares advanced after the telecommunications giant raised its annual forecast. Danny Lewis hosts.
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Plus: China confirms that it’s blocking a Wells Fargo banker from leaving the country. And Subway names a former Burger King executive as its new CEO. Alex Ossola hosts.
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Plus: Treasury Secretary Scott Bessent lays out his case to President Trump for why he shouldn’t try to push out Fed chair Jerome Powell. And, with earnings season in full swing we look at recent reporting from Stellantis and Ryanair. Kate Bullivant hosts.
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But otherwise stocks closed mostly lower. Plus: Fed governor Christopher Waller said he would take the central bank’s top job if offered. And a surge in trading activity boosted some brokerage profits last quarter. Danny Lewis hosts.
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Plus: Chevron completes its purchase of Hess for $53 billion. And the EU imposes the toughest sanctions on Russia since its invasion of Ukraine. Zoe Kuhlkin hosts.
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Plus: The White House succeeds in clawing back about $9 billion in foreign aid and public media funding. And CBS says it will end ‘Late Show’ in May, concluding a decadeslong run. Azhar Sukri hosts.
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Investors rode along with upbeat blue-chip earnings. Plus TSMC, the world's largest contract chip maker, delivered a record profit last quarter. Shares in EV maker Lucid rocketed on the news it will collaborate on Uber's robotaxi program. United Airlines posted better-than-expected adjusted quarterly earnings. And, Insurer Elevance Health slashed its 2025 profit projection. Charlotte Gartenberg hosts.
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Plus: Fed chair candidate Kevin Warsh says the next person in the role will maintain the central bank's independence from political pressure. And U.S. retail sales rose 0.6% in June. Pierre Bienaimé hosts.
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Plus: Canada’s Alimentation Couche-Tard has abandoned its $47 billion bid to buy Japanese 7-Eleven operator Seven & i. And United Airlines says it’s expecting a travel rebound in the second half of 2025 as it resets its profit guidance. Azhar Sukri hosts.
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