Morning Call

Russia scrapped its plans to resume natural gas flows to Europe via the Nord Stream Pipeline over the weekend after saying it discovered a leak. Wood Mackenzie Global Gas Market Analyst Kateryna Filippenko discusses the latest developments. Plus, retail companies are turning their attention from back-to-school and the return to the office spending to the holiday season. Telsey Advisory Group CEO Dana Telsey weighs in on the biggest headwinds for retailers. And, stocks are trying to put last week’s losing streak in the rearview mirror. Advisors Capital Management CIO Chuck Lieberman and Defiance ETFs CEO Sylvia Jablonski preview the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ahead of the August Jobs Report due this morning, economics are looking for the labor market to cool significantly. ZipRecruiter Chief Economist Julia Pollak breaks down key metrics to watch. Plus, Russia appears set to resume gas supplies to Europe through the Nord Stream Pipeline following a three day shutdown for maintenance. Saxo Bank Head of Commodity Strategy Ole Hansen discusses what this means for Europe. And, the streaming wars continue, with Amazon Prime and HBO Max at front and center. Fast Company CEO Stephanie Mehta gives her thoughts 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.

Companies are now pushing to bring their workers back to the office after the Labor Day holiday weekend. Just Capital Chief Strategy Officer Alison Omens breaks down how people are responding. Plus, shares of AMD and Nvidia are under pressure after both companies confirmed that U.S. officials have ordered them to cease exporting AI chips to China. GlobalData Head of Thematic Intelligence Cyrus Mewawalla and MSA Capital Managing Partner Ben Harburg discuss the global implications. And, stocks are looking to kick off a new trading month in the red. Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus and Charles Schwab Chief Global Investment Strategist Jeffrey Kleintop dive into the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

A letter out this morning from six U.K. pub leaders warns of business closures due to soaring energy costs. British Beer and Pub Association Director of Strategy & Policy Andy Tighe breaks down what this means for the industry. Plus, the U.S. continues to watch the price of natural gas at home and overseas. Goldman Sachs Head of Commodities Research Jeff Currie discusses the energy outlook. And, with the S&P 500 down more than 15% this year, what does this mean for markets? Grace Capital CEO Cate Faddis and Decatur Capital CEO Degas Wright weigh in. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Investor sentiment is turning more bearish by the day, with net short positions against S&P 500 futures at their highest levels since 2020. Piper Sandler Chief Market Technician Craig Johnson and Hennessy Funds Portfolio Manager Josh Wein lay out the trading week ahead. Plus, Gazprom will shut down the Nord Stream 1 pipeline for three days starting Wednesday. Husseini Energy President Sadad Al-Husseini discusses the European energy crisis. And, Taiwan says a legislative commission from its government will visit Washington, DC next month to boost bilateral ties. Longview Global Managing Director Dewardric McNeal dives into what this means for investors. 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 three-day Jackson Hole Economic Symposium today. Wells Fargo’s Sarah House and TD Securities’ Priya Misra dive into what investors should expect. Plus, Peloton shares are climbing on news of the company’s partnership with Amazon. Piper Sandler’s Edward Yruma discusses what’s in store for Pelton’s earnings report today. And, European natural gas prices have been trading at or near new record highs in recent days. Rystad Energy’s Fabian Rønningen gives his take on how this is impacting 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.

“Worldwide Exchange” delivers essential, actionable information and analysis for anyone who wants to be part of the global business conversation. Anchored by Brian Sullivan, the program will prepare CNBC’s worldwide audience with a smart take on overnight U.S. news and live international market action. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Germany and other countries are racing to secure enough energy supplies for the winter, with Russia saying it will shut down the Nord Stream 1 pipeline for three more days. RBC Capital Markets' Biraj Borkhataria dives into the energy crisis. Plus, is a major financial inevitable for Europe given where global markets stand right now? Hayman Capital's Kyle Bass weighs in. And, the Fed's highly anticipated Jackson Hole meeting is continuing to serve as a key driver for these markets. Diamond Hill's Heather Brilliant discusses the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The outlook for Europe is looking bleak, with recessionary concerns rising across the eurozone. ING Bank’s Carsten Brzeski discusses what’s to come. Plus, shares of Apple have had a great run lately ahead of new product rollouts in the next few months. Neuberger Berman’s Daniel Flax gives his thoughts on the stock. And, markets may be in a wait-and-see mode as Wall Street awaits the main event this week: Jay Powell’s speech in Jackson Hole on Friday. Baird’s Ross Mayfield and Sanctuary Wealth’s Jeff Kilburg break down the trading week ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

While gasoline still about 70 cents a gallon higher than it was this time last year, it has come down a lot in the past few months. Wood Mackenzie’s Gas Director Suzanne Danforth dives into what’s driving gas prices. Plus, on the heels of the Inflation Reduction Act and CHIPS Act, what is the future for the semiconductor industry? Navitas CEO Gene Sheridan makes the case for using gallium nitride over silicon. And, the Fed’s decisions over how fast and high to raise rates is revealing divisions within the central bank. Decatur Capital’s Degas Wright and Crossmark Global Investments’ Victoria Fernandez discuss what this means for the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.