Morning Call

Shares of Hewlett Packard Enterprise and CrowdStrike are higher, offering some relief to the slumping software sector. Clockwise Capital's James Cakmak discusses. Plus, Lululemon reports earnings after the close today. LSEG's Jharonne Martis and Bernstein's Aneesha Sherman debate the outlook for the company. And, the dust is anything but settled for GameStop following its massive stock pop on Monday. The New York Times' Kate Kelly explains. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Volatility may be here to stay, as meme stocks and blue chips come off a wild day of trading. Former SEC Commissioner Jay Clayton gives the latest. Plus, one fund betting big on AI-enablers has been outperforming the S&P 500 and Nasdaq over the last year. Putnam Investments' Richard Bodzy dives into his fund's top holdings. And, there's a growing showdown over former president Donald Trump's 2017 tax cuts. Veda Partners' Henrietta Treyz explains. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nvidia and AMD are rolling out new AI chips, as industry competition heats up. Cleo Capital's Sarah Kunst explains. Plus, OPEC+ has agreed to extend production cuts into next year. Energy Intelligence's Amena Bakr and RBC's Helima Croft discuss. And, is the software sector slump finally coming to an end? Check Point CEO Gil Shwed weighs in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A New York jury has found former President Donald Trump guilty on all 34 felony charges of falsifying business records. Fordham Global Foresight's Tina Fordham gives the latest. Plus, key to the market action today is the Fed's preferred gauge of inflation: April PCE. Milken Institute's William Lee previews the report. And, it's been a mixed bag of retail earnings this week. Jane Hali & Associates' Jessica Ramirez explains. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Salesforce is set to shave 280 points from the Dow after posting its first revenue miss since 2006. Wedbush's Dan Ives explains. Plus, the second read on Q1 GDP could be a major market driver today. Former Fed Vice Chair Roger Ferguson discusses. And, sources tell CNBC that Nelson Peltz has sold his entire stake in Disney. Albion Financial's Jason Ware dives into what's next. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Salesforce reports earnings after the close today, with profit expected to grow more than 40%. Powers Advisory Group's Matt Powers tees up the results. Plus, among the factors fortifying Nvidia's impenetrable moat will likely be the auto sector. Former Ford CEO Mark Fields explains. And, the Nasdaq is coming off a fresh record close as the tech trade continues to dominate. Bleakley Financial Group's Peter Boockvar and Hightower Advisors' Stephanie Link discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nvidia is just behind Apple and Microsoft in terms of market cap following last week's 15% surge. I/O Fund's Beth Kinding weighs in. Plus, it's a busy week of housing data, as that market continues to struggle with higher rates and lower inventory. Brown Harris Stevens CEO Bess Freedman discusses. And, if the AI impact roadmap starts with Big Tech, retail and the consumer are not too far behind. Storch Advisors CEO Gerald Storch explains. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nearly 3 million Americans are headed to the airport for Memorial Day Weekend, rivaling the record 2.9 million set last November. The Conference Board's Steve Odland lays out the key consumer trends to watch. Plus, while the S&P 500 and Nasdaq are hovering near all-time highs, the Dow Transports is lagging this year. FreightWaves' Craig Fuller explains what's driving the slide. And, beyond Big Tech, a number of sectors are poised to drive the next wave of AI growth. Caret Group's Fred Hassan explains. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nvidia shares are surging following another blockbuster quarter, as demand for its AI chips shows no signs of slowing down. Clockwise Capital's James Cakmak and Stifel's Ruben Roy discuss. Plus, Nvidia's stock pop is lifting the broader markets. Hennessy Funds' Josh Wein and Defiance ETFs' Sylvia Jablonski explain. And, JPMorgan CEO Jamie Dimon is once again warning that a bumpy landing may be coming for the economy. Evans May Wealth's Lizzie Evans digs into the outlook. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The market faces its biggest test yet as Nvidia prepares to report results. Synovus Trust's Dan Morgan previews the quarter. Plus, Target is also out with earnings this morning, just days after announcing thousands of price cuts. SW Retail Advisors' Stacey Widlitz lays out her expectations. And, Fed Governor Christopher Waller is taking a "wait and see" approach when it comes to rate cuts. Silvercrest Asset Management's Robert Teeter and Charles Schwab's Jeffrey Kleintop discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.