Morning Call

Oil prices are holding steady today as trades deal with falling stockpiles in the U.S., increasing production from Russia, and the ongoing worries about a possible global recession. King Operating Corp CEO Jay Young discusses the outlook for these market dynamics. Plus, the Fed expects to continue hiking interest rates until inflation cools, according to its July meeting minutes. Washington Crossing Advisors’ Kevin Caron breaks down what that means for the economy. And, how confident should investors be as equities continue to rally? Steward Partners Global Advisory’s Eric Beiley weighs in. 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.

The big retailers take center stage this week, with Walmart and Home Depot out before the opening bell today. R5 CEO Scott Mushkin dives into what to expect. Plus, the U.S. Housing Index is down for its eighth straight month as homebuilder confidence continues to decline. CenterSquare Asset Management’s Uma Moriarty breaks down why. And, stocks look to continue their rally, with all three indices finishing higher by about half a percent yesterday. Pitcairn CIO Rick Pitcairn and Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus 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.

President Biden is expected to sign the Inflation Reduction Act this week even though many non-partisan analyses suggest it won’t do anything to actually reduce inflation. Raymond James analyst Ed Mills gives his thoughts on the bill. Plus, what does the Inflation bill mean for renewable energy? Pickering Energy Partners CIO Dan Pickering and CNBC’s Michael Wayland weigh in. And, a growing number of investors are sounding optimistic that stocks may have found a bottom from bear market lows. Silvercrest Asset Management’s Robert Teeter and Vertias Financial Group’s Greg Branch discuss 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 House of Representatives is set to pass the Inflation Reduction Act today, clearing the final hurdle before President Biden can sign the $430 billion climate, tax, and healthcare bill into law. Stifel Chief Washington Policy Strategist Brian Gardner discusses what’s to come. Plus, shares of Rivian are lower after the company called for steeper losses for the year, citing supply chain issues and rising costs. Wall Street Journal reporter Tim Higgins gives the latest. And, stocks are looking to close out a largely positive week. Howard Capital Management CEO Vance Howard and Main Street Asset Management CIO Erin Gibbs break down their investment strategies. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gas prices have been on a downward trajectory after peaking above an average of $5 a gallon nationwide, but with the heart of hurricane season still ahead, will these lower prices be short-lived? Oil Price Information Service Chief Oil Analyst Denton Cinquegrana weighs in. Plus, shares of Disney are up big in the premarket after topping analyst estimates for its most recent quarter. CFRA Director of Equity Research Ken Leon explains what this means for the company’s outlook. And, the Nasdaq exited the longer bear market since 2008 yesterday. RDM Financial Group CEO Michael Sheldon and G Squared Private Wealth CIO Victoria Greene discuss 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.

“Worldwide Exchange” delivers essential, actionable information and analysis for anyone who wants to be part of the global bu siness conversation. Anchored by Brian Sullivan, the program will prepare CNBC’s worldwide audience with a smart take on overnight U.S. news and l ive 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.

After two years where most people didn’t go anywhere during the pandemic, summer travel has been a boom. But with rising prices eating into household budgets, will travel drop off? Jefferies Managing Director David Katz weighs in. Plus, President Biden will sign the Chips and Science Act into law today. American Enterprise Institute analyst James Pethokoukis dives into what this means for Washington. And, demand destruction and consumer spending shifts are getting a bit more real this morning amid some very rough guidance from nearly a dozen companies out with earnings yesterday. Miller Tabak Chief Market Strategist Matt Maley and Defiance EFTs CEO Sylvia Jablonski discuss where to put your money. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

China’s military has announced a fresh round of drills overnight in areas around Taiwan just one day after its largest ever military exercises had been scheduled to end. Oliver Wyman’s Head of Risk and Public Policy Daniel Tannebaum discusses what this means for investors. Plus, despite continued concerns that the economy is heading for a recession, the labor market appears to be stronger than ever. Indeed’s AnnElizabeth Konkel breaks down trends in the market. And, with two key inflation reads this week, what is Wall Street watching? Medley Global Advisors’ Ben Emons and Pivotal Advisors’ Tiffany McGhee 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.

It’s Jobs Friday, which means today is all about employment. The July Non-Farm Payroll numbers will be out today, with job growth expected to slow as the Fed continues hiking rates in an effort to reduce inflation. Apex Financial President Lee Baker gives his thoughts on what to expect. Plus, one area of the labor market experiencing major hiring headwinds is tech, as Alphabet, Amazon, Apple, Microsoft, and Spotify tapping the brakes on hiring. ZipRecruiter Chief Economist Julia Pollak explains what this means for the broader U.S. economy. And, what is the job market saying about a possible recession? Ally Invest Chief Strategist Lindsey Bell weighs in. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.