Morning Call

Eamon Javers discusses the latest information about the unidentified flying objects the U.S. military has shot down over this country and Canada in the past few days.  Plus, former BP CEO John Browne discusses Europe's shift to green energy sources, which is being met by some pushback from Germany and other EU countries.  And, JPMorgan's Joyce Chang on which parts of the world look ripe for investment right now, with inflation still on the front burner in the U.S. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Layoffs in tech and media continue to accelerate, with Yahoo and Newscorp among the latest to cut jobs. Fast Company's Stephanie Mehta and The Conference Board's Dana Peterson explain the outlook. Plus, investors are digesting a busy week of earnings and Fed speak. Truist Advisory Services' Keith Lerner and Qontigo's Melissa Brown break down the markets. And, the countdown to Super Bowl Sunday is on. Contessa Brewer has the full story on sports betting. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Disney are popping in the pre-market on the heels of a first quarter top and bottom line beat that showed smaller than expected streaming subscriber losses. UBS’ John Hodulik discusses the company’s massive restructuring plan. Plus, U.S. stocks are struggling to hold onto gains as investors digest more corporate earnings and an onslaught of Fed speak. Principal Asset Management’s Seema Shah dives into what this means overseas. And, the Russell 2000 index is up 10% this year, an outperformer compared to the S&P 500, which is up 7%. Alger’s Amy Zhang makes the case for investing in small caps. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Disney reports earnings for the first time since Bob Iger returned as CEO, with analysts expecting EPS to fall but revenue to rise. Citigroup’s Jason Bazinet gives the outlook. Plus, in last night’s State of the Union address, President Biden renewed his call for taxing billionaires and corporate stock buybacks to reduce the federal deficit. American Enterprise Institute’s Jim Pethokoukis recaps the event. And, stocks are off to a good start to the year as investors turn their attention from the Fed to earnings. Hennessy Funds’ Josh Wein and Steward Partners Global Advisory’s Eric Beiley discuss where to invest.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In the wake of mixed reports from Meta, Alphabet, Amazon, and Snapchat, Pinterest is also seeing its shares fall. Arete Research's Rocco Strauss discuss the earnings report. Plus, BP has posted a record annual profit of $28 billion and hiked its dividend by 10%. Cowen's Jason Gabelman weighs in on the energy sector. And, investors are bracing for more commentary from Fed Chair Jay Powell, who will be speaking at The Economic Club in Washington, D.C. The Glenview Trust Company's Bill Stone and Apex Financial's Lee Baker break down the markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's been a wild few weeks for mega-cap tech, with the Nasdaq up nearly 15% this year after wrapping its fifth straight weeks of gains in what has been its longest weekly winning streak since November 2021. Evercore ISI's Mark Mahaney and Big Technology's Alex Kantrowitz discuss the road ahead for tech. Plus, Europe has imposed a new ban on Russian-made diesel fuel and other oil products, such as gasoline and jet fuel. Again Capital's John Kilduff explains what this means for prices. And, a new note from Goldman Sachs suggests a soft landing may be a possibility. Chantico Global's Gina Sanchez and G Squared Private Wealth's Victoria Greene break down the markets. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Big tech is taking a tumble after Apple, Amazon, and Alphabet all reported earnings losses and issued weak guidance going forward. Arete Research's Richard Kramer give the outlook for the sector. Plus, shares of Ford are dropping at the company posted an ugly four quarter and a disappointing full-year outlook. Jefferies' Philippe Houchois dives into the latest. And, Meta and Chevron are the latest companies announcing major share buyback plans, with 77 new programs announced in January. American Enterprise Institute's Jimmy Pethokoukis gives the details. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Meta are surging after the company posted better-than-expected revenue and issued a $40 billion stock buyback. Laffer Tengler Investments' Nancy Tengler breaks down what to expect from Apple, Amazon, and Alphabet's earnings reports today. Plus, after short-seller Hindenburg Research accused Adani Group of stock manipulation, the company's total losses are now topping $100 billion. The Wall Street Journal's Weilun Soon gives the latest. And, investor sentiment is rising on signs that the Fed may be ready to pause its rate hike campaign. Tiger 21's Michael Sonnenfeldt and Matrix Asset Advisors' David Katz discuss the markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Shares of Snap are plunging on the heels of yesterday's Q4 earnings report, where the company beat on earnings but missed on revenue and daily active users. Neuberger Berman's Daniel Flax and Cleo Capital's Sarah Kunst discuss the social stock trade. Plus, investors are gearing up for the conclusion of the Fed's first policy meeting of the new year. Palumbo Wealth Management's Phil Palumbo and S&P Global Ratings' Beth Ann Bovino weigh in on what to expect. And, Wall Street has hit the January Indicator Trifecta, with the Santa Claus Rally, the First Five Days Early Warning System, and the January Barometer all logging gains. Credit Suisse's Patrick Palfrey explains the markets going forward. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Federal Reserve is kicking off its first policy decision meeting of the year, and after seven straight rate hikes in 2022, investors are expecting the committee to continue easing off the accelerator. Former Fed Vice Chairman Roger Ferguson gives his thoughts. Plus, Wall Street is watching shares of UPS as the company prepares to report Q4 earnings. BofA Securities' Ken Hoexter breaks down what to expect. And, OPEC+ is meeting again virtually, with the big question being whether they will keep their current output plan. RBC Capital Markets' Helima Croft weighs in on the outlook. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.