Wall Street Breakfast Winter storm brewing, carts filling
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Jan 23, 2026 A winter storm watch has people flocking to Costco, boosting its sales as consumers stock up. Capital One makes headlines with its $5.15 billion acquisition of fintech Brex. Intel impresses with its Q4 earnings but warns of a weaker outlook for Q1. Meanwhile, Amazon prepares for another round of layoffs, and a Las Vegas casino gets creative to entice Canadian visitors. Plus, insights on market futures, commodities, and upcoming economic indicators keep listeners informed in a shifting market landscape.
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Storm Drives Panic Buying For Grocers
- A major winter storm will spread from the southern Rockies into the Northeast through Monday, impacting roughly half of the U.S. population.
- Julie Morgan says Costco typically sees a surge as consumers pantry-load ahead of such storms, boosting short-term sales and traffic.
Consumers Shelter In Hits Restaurants And Retail
- While grocery chains like Costco likely gain from pantry-loading, dine-in restaurants and discretionary retail face a Q1 revenue headwind.
- Julie Morgan lists several restaurant chains that have historically cited severe winter weather as a drag on traffic.
Capital One Buys Brex To Boost Corporate Tech
- Capital One agreed to acquire fintech Brex for $5.15 billion in a mix of cash and stock to boost corporate client capabilities.
- Julie Morgan notes Brex is an AI-native platform for corporate cards, expense automation, and real-time payments founded in 2017.