Morning Call

In the cybersecurity space, hackers have been able to target and steal an estimated $5.2 million in crypto assets from the Solana ecosystem in the last 36 hours, affecting some 7,900 wallets. ZeroFox CEO James Foster gives his thoughts on the story. Plus, as the diabetes crisis grows, Novo Nordisk is trying to help. CEO Lars Jorgensen discusses the company’s earnings. And, treasuries have seen a rapid rise this year. Envestnet’s Dana D’Auria and Charles Schwab’s Jeff Kleintop dive into the inflation outlook. 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.

Shares of Pinterest are soaring ahead of the opening bell despite reporting a miss on the top and bottom lines for Q2. UBS analyst Lloyd Walmsley discusses how the company is trying to buck the trend of other stay-at-home plays that have been hard this year. Plus, Senate Democrats are waiting for a ruling on whether they can override normal rules to pass a $430 billion tax, drugs, and energy bill. BTIG Director of Policy Research Isaac Boltansky explains Washington, D.C.’s road ahead. And, markets are pointing to back-to-back losses for the major averages to start the month. Grace Capital Founder Cate Faddis and Truist Co-Chief Investment Officer Keith Lerner give their thoughts on 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.

Starting today, EU member states are beginning their voluntary demand or consumption reduction of natural gas by 15%. Eurasia Group President Ian Bremmer gives his take on energy security in Europe. Plus, though the Nasdaq is down more than 20% this year, many investors still believe the tech sector will continue to push higher. Arete Research Managing Partner Richard Kramer explains why. And, stocks are looking to keep July’s momentum going as Wall Street kicks off the new trading month. Chantico Global CEO Gina Sanchez breaks 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.

Amazon and Apple shares are up at both companies beat Wall Street expectations after the bell yesterday. Third Bridge’s Scott Kessler and CFRA’s Arun Sundaram give their thoughts on what this means for the tech sector. Plus, the busiest week of earnings season wraps up today with Q2 results from Chevron and Exxon Mobil. Barclays’ Jeanine Wai discusses what to expect. And, the markets are poised to lock in a second straight week of gains. Pictet Asset Management’s Luca Paolini and Evans May Wealth’s Elizabeth Evans explain why. 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 platforms are lower ahead of the open after the company reported its first ever year-on-year revenue decline. Jefferies’ Jared Weisfeld breaks down what this means for Amazon and Apple reports later today. Plus, shares of Etsy are surging after the online marketplace operator reported better-than-expected Q2 results. Jane Hali & Associates’ Jessica Ramirez dives into what this means for the retail sector. And, President Biden and Chinese President Xi Jinping are set to speak later today, marking the first time the pair have spoken since March. Longview Global’s Dewardric McNeal breaks down what to expect. 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 Fed is kicking off its latest two-day policy meeting today with Wall Street expecting a second straight 75 basis point rate hike. Former Federal Reserve Vice Chairman Roger Ferguson discusses what to expect. Plus, shares of Walmart are tumbling after the company cut its quarterly and full-year profit guidance. SW Retail Advisors’ Stacey Widlitz gives her thoughts. And, the markets are coming under pressure as investors await earnings from several heavyweights today, including Alphabet and Microsoft. Morgan Creek Capital’s Mark Yusko, Silvercrest Asset Management’s Robert Teeter, and Main Street Asset Management’s Erin Gibbs break down 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 upcoming week is set to be the busiest of the corporate earnings season, with more than 150 S&P 500 names set to report, including the Big Tech heavy hitters: Apple, Alphabet, Meta Platforms, and Microsoft. Richard Kramer of Arete Research dives into the current state of the tech sector. Plus, COVID cases are rising again, this time in Massachusetts. Emergency physician Dr. Michael Daignault explains the latest. And, a summer rebound in stocks is sparking hopes that the bear market may have found a bottom. Anneka Treon of Kempen and Scott Ladner of Horizon Investments discuss today’s 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 sinking after the company missed second quarter top and bottom line estimates. Nancy Tengler of Laffer Tengler Investments and Alex Kantrowitz of Big Technology discuss the stock’s future. Plus, stocks are looking to cap what has been a solid week of gains. Mark Avallone of Pontac Wealth Advisors dives into the action within the markets. And, what’s in store for the trading day ahead? Tiffany McGhee of Pivotal Advisors 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.