Wall Street Breakfast

A spotlight this week on the Federal Reserve's Jackson Hole Symposium, as traders look for clues on the pace of rate hikes. Could chipmaker Nvidia (NVDA) exceed earnings expectations? They are due to report this week, with investors skittish. An upcoming report on dollar stores could tip us off to just how much consumers are pinching pennies.

This week we're joined by Seeking Alpha's Head of Quantitative, Steven Cress. We dive in with Steve about what Alpha Picks by Seeking Alpha is, and how his team designed the product to make investing easier for all investors.Want to learn more about Alpha Picks? Just click here -> bit.ly/3K2unS3`

As housing weakens, market tilts back to smaller Fed hike. Starbucks COO to exit company. Big Ten sets multibillion-dollar media deal with CBS, NBC, Fox. Nasdaq, S&P, Dow futures fall with market in danger of snapping win streak. Catch today’s WSB article here.

Federal Reserve sees risk rate hikes could slow economy more than plan: FOMC minutes. Apple looking at September 7 for iPhone 14 launch event: report. Tesla is closer to opening up Superchargers stations to other EV brands. Catch today’s WSB article here.

Markets to search FOMC minutes for more clues on tightening pace.  Federal Reserve rolls out new guidelines for crypto-focused banks. July's credit card metrics signal consumers in good shape, but trends normalize. Elon Musk jokes on Twitter about buying Manchester United (shares still rise). Catch today’s WSB article here.

13F Roundup: Activision for Buffett, Soros in Tesla, Tepper likes Netflix. Judge approves Apple's $30M settlement for not paying retail workers during security checks: report. Home Depot notches record sales, reaffirms guidance. Catch today’s WSB article here. 

China surprises with rate cut as economic numbers remains weak. Enjoy $4 U.S. pump price while it lasts; Goldman sees $5 gas coming back. S&P, Dow, Nasdaq futures tick lower to start big week for housing data. Catch today’s WSB article here.

Eyes on retail, with big reports due in from Walmart (WMT) and Target (TGT). Live sports streaming company FuboTV (FUBO) will conduct its first-ever Investor Day event. Clean energy use will likely skyrocket over the next decade: how can investors take advantage of the market shift?

This week, Sam Ro, CFA, Founder of TKer newsletter, joins us to discuss labor hoarding, the inflation report, and the infamous meme stock craze. Kim Khan also shares what investors need to watch for next week in regards to the housing market in Catalyst Watch!

Newly-listed homes drop most since 2020 as sellers stay put. Shell, Chevron shut six Gulf of Mexico oil platforms due to pipeline leakage. J&J, Merck, Regeneron most exposed to Medicare drug price negotiation - Bloomberg. Catch today’s WSB article here. 

Disney jumps as Parks surge leads easy third-quarter earnings beat. CVS Health tried to acquire One Medical before Amazon eventually did - Bloomberg. Former JPMorgan metals traders found guilty in spoofing trial. Don't expect peak inflation to silence the Fed's hawkish squawks. Catch today’s WSB article here.

Consumer price inflation seen easing in July, but pressures still persist. Justice Dept. could sue Google over ad dominance as soon as September - Bloomberg. Elon Musk backtracks on stock pledge, sells $7B of Tesla before Twitter court fight. Catch today’s WSB article here. 

Biden poised to sign off on CHIPS and Science Act. Novavax drags rivals lower as falling vaccine demand prompts guidance cut. Nasdaq, S&P futures slip after Micron revenue warning. Catch today’s WSB article here.

Senate OK’s Biden anti-inflation act that boosts taxes on corporate income, stock buybacks. What companies are most exposed to the Inflation Reduction Act? Nasdaq, S&P, Dow futures tick higher as yields edge down. Catch today’s WSB article here.

The Tyson Foods (TSN) earnings report will be closely watched in the meat and packaged goods sector. Analysts remain cautious as game developer Take Two Interactive (TTWO) also gets set to release earnings. And, major developments in cryptocurrency, as Bitcoin (BTC-USD) and Ethereum (ETH-USD) could soon be considered commodities in the U.S.

This week we're joined by David Alton Clark, also known on Seeking Alpha as "The Winter Warrior," to discuss why he's buying AT&T stock after earnings, and get his thoughts on the semiconductor bill passing through legislative hurdles. Plus, Daniel covers upcoming earnings and economic events to watch for next week!"

Sinema agrees to proceed with the Senate tax and climate bill after carried interest pledge. Meta Platforms selling debt for first time with $10B deal. Apple accused of retaliating against, mishandling allegations against women: report. Markets will be looking for signs of cracking in Friday's jobs report. Catch today’s WSB article here.

Walmart lays off hundreds of corporate employees after guidance cut. Two senators unveil bill that would put bitcoin, ethereum within scope of CFTC. Tesla continues to climb premarket ahead of 'Cyber Roundup' event. Catch today’s WSB article here.

Household debt tops $16T in Q2, rising $2T since pandemic, NY Fed says. Sanctions and drills: Here's how China responded to Pelosi's visit to Taiwan. Inflation fight: Fed officials remain adamant about restrictive policy. Catch today’s WSB article here.

Markets drop as tensions flare ahead of Pelosi's visit to Taiwan. Oracle to start laying off employees in the U.S: report. Twitter issues flood of document requests to Musk associates in lawsuit - report. Catch today’s WSB article here.