Morning Call

Microsoft shares are higher after beating revenue and earnings expectations for the third quarter. Oppenheimer's Timothy Horan breaks down the results. Plus, shares of Alphabet are also rising on its first earnings beat in more than a year. Arete Research's Richard Kramer discusses what this means for big tech. And, a new warning from Goldman Sachs says systematic money managers are more likely to be sellers in the coming weeks. Waddell & Associates' David Waddell and CIC Wealth's Malcolm Ethridge discusses the impact on the markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Microsoft and Alphabet kick off a big week for tech earnings as investors assess the sustainability of the sector's rally this year. Third Bridge's Scott Kessler weighs in on the outlook. Plus, McDonald's will also report results today as restaurant stocks outperform the broader market. Bank of America's Sara Senatore explains what she's expecting. And, a string of key housing data is out this morning, including the February Case-Shiller Home Price Index and March New Home Sales. Mphasis Digital Risk's Jeff Taylor breaks down the number estimates. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The busiest week of earnings season kicks off today, with a third of the S&P 500 and almost half of the Dow Jones set to report. Principal Asset Management's Seema Shah, Cleo Capital's Sarah Kunst, and KKM Financial's Jeff Kilburg discuss what to expect. Plus, Florida government agencies are intervening to address the ongoing gas shortage following severe rain and flooding last week. Again Capital's John Kilduff explains the outlook. And, Australia has unveiled a massive military overhaul, while U.S. and UK special forces are carrying out an emergency evacuation of their embassy staff in Sudan. Fordham Global Foresight's Tina Fordham breaks down the latest global hotspots. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Procter & Gamble is kicking off a lineup of earnings for consumer staples stocks as investors look for insight into spending trends. Goldman Sachs' Jason English lays out the sector's trade. Plus, Citigroup says it's premature to rule out the potential for a credit crunch in the U.S., with the bank noting it's underweight both investment grade and high-yield bonds. Sanctuary Wealth's Mary Ann Bartels gives her investment thesis. And, will the busy trading week close higher or lower? Pivotal Advisors' Tiffany McGhee weighs in. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tesla shares are lower after net income and earnings dropped more than 20% from last year. Morningstar's Seth Goldstein breaks down the results. Plus, existing home sales for March are out this morning, with many expecting a slowdown compared to February. Zillow's Skylar Olsen explains what's driving the competition. And, Swedish EV maker Einride has inked a deal with Pepsi to deliver two of its all-electric semi-trucks for use in the UK market. CEO Robert Falck discusses his sustainability goals. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Netflix are bouncing back after the streaming giant reported a mixed earnings pictured and announced the end of one of its key businesses. Raymond James' Andrew Marok explains the outlook. Plus, Tesla will report its results after the close today following news that it's cutting prices once again. Canaccord Genuity's George Gianarikas breaks down his expectations. And, investor fears are reaching fresh lows, with the Vix falling to its lowest levels since January of last year. New Street Advisors Group's Delano Saporu, Miramar Capital's Max Wasserman, and Charles Schwab's Jeffrey Kleintop discuss the impact on the markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Netflix reports earnings today as investors look for insight on the streaming giant's subscriber growth following its ad-tier launch and password-sharing crackdown. Big Technology's Alex Kantrowitz breaks down his expectations. Plus, Goldman Sachs and Bank of America resume big bank earnings this morning amid concern over the health of the financial sector. Whalen Global Advisors' Christopher Whalen gives the set-up. And, Apple is opening its first store in India today as it looks to move production away from China. D.A. Davidson's Tom Forte discusses the latest. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Regional bank earnings are out this week on the back of turmoil that hammered a number of financial firms last month. KBW's Christopher McGratty gives his expectations. Plus, Saudi Arabia is looking to renew relations with a key Palestinian group and bring Syria back into the Arab fold. RBC Capital Markets' Helima Croft explains the latest. And, earnings season is kicking into full swing, with many investors expecting the first earnings recession since 2020. Hennessy Funds' Josh Wein and Fundstrat's Tom Lee weigh in on the trading week ahead. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Banks kick off earnings season today, with JPMorgan, Citi, and Wells Fargo all set to report. JMP Securities' Devin Ryan and Piper Sandler's Stephen Scouten break down what to expect. Plus, UNH is also gearing up to release numbers, with projected full-year revenues exceeding those of the big banks. Bernstein's Lance Wilkes explains the outlook. And, Wall Street is awaiting March retail sales for more insight on the chances of a recession. UBS Global Wealth Management's Mark Andersen and Payne Capital Management's Courtney Garcia discuss 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.

The Dow Transports continue to underperform in Q2 as fears of a freight recession due to lower consumer spending weigh on the sector. DHL Express Americas CEO Mike Parra explains what his business is seeing. Plus, the latest Federal Reserve meeting minutes show that several policymakers may be interested in pausing interest rate increases. The Wall Street Journal's Nick Timiraso discusses the outlook. And, oil is trading at its highest level since November on signs of slowing inflation in the CPI data. Kpler's Matt Smith breaks down the latest. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.