Morning Call

Fed Chair Jerome Powell heads back to Capitol Hill today for his second day of testimony before Congress. Wall Street Journal’s Nick Timiraos lays out what to expect. Plus, several tech executives are set to meet with India Prime Minister Narendra Modi today to discuss regulation and infrastructure. Avaya CEO Alan Masarek describes what it’s like to do business in India. And, data from JPMorgan shows that the average retail investor still believes the market rally will roll on from here. Silvercrest Asset Management’s Robert Teeter and RBC Capital Markets’ Amy Wu Silverman preview the trading day ahead. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Amazon CEO Andy Jassy will meet with top EU anti-trust regulator Margrethe Vestager today to discuss the future of business under the new digital markets act. Ahead of that, Margrethe discusses regulation in an exclusive interview. Plus, FedEx shares are falling on weak Q4 revenue and its full-year forecast. Bank of America’s Ken Hoexter breaks down the results. And, the biggest global advertising convention is currently in full swing in France. Roku CEO Anthony Wood joins live from Cannes. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Paris Air Show is in full swing with big commercial aircraft orders front and center. Lockheed Martin COO Frank St. John joins in an exclusive interview. Plus, for the third time in a week, China has cut key lending rates in a bid to shore up the country’s slowing economic recovery. Moody’s Analytics’ Katrina Ell discusses the outlook. And, CNBC is out with its inaugural black business leadership survey, showing top leaders in the U.S. are making positive changes when it comes to diversity. Xtreme Solutions’ CEO Phyllis Newhouse describes what she’s seeing today. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Bill Gates met with China President Xi Jingping today in his first visit to the country since 2019. Longview Global's Dewardric McNeal discusses the investment impact. Plus, after capping off their longest daily win streak in a decade, shares of Tesla are losing some ground. RBC Capital Markets' Tom Narayan weighs in on the performance. And, oil prices are on track to snap a two-week losing streak due to the weaker dollar. Warwick Investment Group's Kate Richard breaks down the pricing outlook. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wall Street is digesting the Fed's decision to pause its interest rate hiking campaign after 10 straight increases. Piper Sandler's Stephen Scouten discusses the impact on financials, Neuberger Berman's Daniel Flax weighs in on tech stocks, and Mizuho's Anthony Crowdell talks utilities. Plus, CNBC's Jim Cramer says that, despite the resiliency shown by equities so far this year, there could be more selling ahead. RBC Brewin Dolphin's Janet Mui explains her view. And, how should investors position for the trading day ahead? Hightower's Stephanie Link breaks down her strategy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Wall Street is just hours away from the Fed's rate decision, which will be accompanied by updated economic forecasts and followed by Chair Jay Powell's news conference. Morgan Stanley's Ellen Zentner gives her outlook. Plus, Tesla shares are on a record run, with the stock notching its longest win streak since first going public. Roth MKM's Craig Irwin discusses what's to come. And, Shell has boosted its dividend by 15% and is doubling down on its fossil fuel production strategy. Morningstar's Allen Good explains the impact on the oil sector. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Federal Reserve kicks off its latest policy meeting today ahead of a busy day on Wall Street, with May CPI out this morning. The New York Times' Jeanna Smialek breaks down her expectations. Plus, oil prices are trying to recover some of yesterday's big losses as worries about demand growth in China and rising supplies in Russia offset the boost in prices. Bank of America's Francisco Blanch discusses the latest. And, regulators and anti-trust watch dogs are stepping up their assault on big tech. BNP Paribas Exane's Stefan Slowinski breaks down what this means for the sector. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oracle reports earnings after the bell today amid growing competition within the cloud market. Bernstein's Mark Moerdler discusses his expectations. Plus, energy and communication services are the S&P 500's leaders and laggards this month. TD Cowen's Jason Gabelman and Raymond James' Frank Louthan break down what's driving the performance. And, Mastercard is out with its May SpendingPulse snapshot. Mastercard Economics Institute's Michelle Meyer reveals the results. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investors are bracing for a very busy week with the May inflation report due on Tuesday and the latest Federal Reserve policy decision due on Wednesday. Former Fed Board Governor Roger Ferguson lays out his expectations. Plus, West Coast shipping ports are entering their longest labor-related disruption since 2015. Deutsche Bank's Amit Mehrotra dives into what this means for the transports industry. And, the IRA and its incentives have already had a huge impact on clean energy. Evercore ISI's Sean Morgan discusses which stocks are most poised to benefit. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's not just tech making moves in the markets: ETFs for the homebuilding and retail sectors have been going in opposite directions since last August. UBS' John Lovallo and BofA Securities' Liz Suzuki explain what's driving the performance. Plus, the ongoing rally is taking a pause with the Nasdaq being hit the hardest in yesterday's session. New Street Advisors Group's Delano Saporu and Aureus Asset Management's Karen Firestone discuss the trading day ahead. And, Apple's next steps for its Vision Pro headset may be critical for its success. Oisoi Studio's Wim Reygaert explains his vision for the product's app development. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.