Morning Call

July PCE – the Fed’s preferred gauge inflation – is out this morning as investors assess the possibility of more rate hikes this year. Milken Institute’s William Lee discusses. Plus, Lululemon reports earnings after the close today as it outperforms the broader retail sector. Oppenheimer’s Brian Nagel previews the results. And, one part of the market keeping a close eye on Hurricane Idalia is the insurance business. Piper Sandler’s J. Paul Newsome explains. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's a busy week on the jobs front, with several employment reports on tap. Clune Construction CEO Dave Hall details the hiring landscape in his industry. Plus, Salesforce reports earnings today as the company accelerates its focus on profitable growth and shareholder value. Baird's Rob Oliver previews the results. And, the markets appear to be in relief-rally mode to close out what has otherwise been a brutal month for stocks. Hennessy Funds' Josh Wein and KKM Financial's Jeff Kilburg explain. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The FDIC is set to unveil tougher regulations for small and mid-sized banks. KBW's Christopher McGratty explains. Plus, President Biden will speak at an event on lowering healthcare costs, targeting prices for medicare prices. William Blair's Matt Phipps discusses the impact on the pharma sector. And, Best Buy reports earnings today, providing a snapshot on the health of the consumer and enterprise demand. Canalys' Ishan Dutt lays out his expectations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jerome Powell says additional interest rate increases could be ahead as inflation remains stubbornly high. Former Fed Vice Chair Roger Ferguson explains. Plus, markets are kicking off the final trading week in August, capping off what’s been a negative month for stocks. Investopedia’s Caleb Silver discusses. And, U.S. Commerce Secretary Gina Raimondo is in China this week, holding high stakes meetings with key senior officials and business leaders. Longview Global’s Dewardric McNeal describes the global impact. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Fed kicks off day 2 of its Economic Policy Symposium in Jackson Hole today, where Chairman Jay Powell is set to deliver fresh remarks on inflation. The New York Times' Jeanna Smialek details what to expect. Plus, August is living up to its reputation as a dismal month for stocks. Carson Group's Ryan Detrick and GenTrust's Mimi Duff discuss. And, as Black Business Month comes to a close, it's time to celebrate the accomplishments of black entrepreneurs. The Open Opportunity Fund's Paul Judge 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 soaring after the company posted a blowout quarter. Wedbush's Matt Bryson explains. But, it's a different story for retail, with Foot Locker and Macy's dragging down the sector. Jane Hali & Associates' Jessica Ramirez discusses. And, the Fed's Economic Symposium begins today as markets turn their attention to the state of inflation. RBC Brewin Dolphin's Janet Mui and G Squared Private Wealth's Victoria Greene lay out their expectations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nvidia reports earnings this afternoon with the stock up more than 200%. Stifel's Ruben Roy previews the results. Plus, the CMA is reviewing Microsoft's restructured proposal to purchase Activision Blizzard. GlobalData's Cyrus Mewawalla explains what's at stake for tech regulation. And, the dog days of August continue to impact the markets. Chantico Global's Gina Sanchez, Howard Capital Management's Vance Howard, and Fundstrat's Tom Lee discuss. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

UK regulators say they will take a fresh look at Microsoft's $69 billion deal for Activision Blizzard. UK Competition & Markets Authority CEO Sarah Cardell explains. Plus, Lowe's rounds out earnings for the major retailers as it prepares to report results today. UBS' Michael Lasser previews the quarter. And, with Labor Day just around the corner, travelers are readying for bigger crowds this year. Choice Hotel Internationa's Anna Scozzafava discusses. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Five magnificent seven stocks are in correction territory after falling more than 10% from their 52-week highs. RBC Capital Markets' Brad Erickson explains. Plus, China's central bank is cutting its one-year prime loan rate and leaving its five-year rate unchanged. Oxford Economics' Louise Loo discusses. And, mortgage rates have been moving higher this month, putting the brakes on activity in the housing market. Zillow's Orphe Divounguy dives into the latest. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Retailers are coming off a big week of earnings, with the outlook for consumer demand and inflation in focus. LSEG's Jharonne Martis and Again Capital's John Kilduff discuss. Plus, Electronic Arts is releasing Madden 24 today. Raymond James' Andrew Marok explains the impact on the video game landscape. And, China continues to report weak economic data, spurring concerns about growth in that country. China Beige Book International's Shehzad Qazi explains. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.