Morning Call

Shares of Tesla are taking a bumpy ride ahead of the open after reporting a 57% jump in adjusted earnings and a 42% jump in sales from a year ago. Philippe Houchois of Jefferies gives his thoughts on the stock. Plus, gas flows are resuming through the Nord Stream 1 Pipeline after being offline for more than a week for scheduled maintenance. Jeff Currie of Goldman Sachs breaks down the latest. And, there may be some technical evidence for a meaningful recovery rally. Craig Johnson of Piper Sandler explains 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 Netflix are popping ahead of the open after overcoming an extremely low bar. Sara Fischer of Axios and James Cakmak of Clockwise Capital share their thoughts on the company’s Q2 earnings. Plus, the clock is ticking on the restart of the Nord Stream 1 pipeline, which has been down for the past 9 days for scheduled maintenance. Kayrros Co-Founder Antoine Halff and EQT CEO Toby Rice give the latest. And, markets are looking to build on Tuesday’s solid turnaround with all three indexes logging their biggest one day point and percentage gains in about a month. Delano Saporu of New Street Advisors Group and Heather Brilliant of Diamond Hill 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.

Chip stocks are gaining steam as of late, with names like Nvidia, Intel, and Advanced Micro climbing between 4% and 7% in just this week alone. Is now the time to buy some of the key names in the sector? Matt Bryson of Wedbush Securities weighs in. Plus, Netflix is reporting its second quarter after the close today. CNBC reporter Alex Sherman breaks down what to expect. And Bank of America CEO Brian Moynihan says the Fed is aggressively hiking rates to slow the U.S. economy. Seema Shah of Principal Global Investors and Ivory Johnson of Delancey Wealth Management explain what this means for markets this week. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

As expected, President Biden’s trip to Saudi Arabia has failed to secure a pledge to boost oil production in order to help bring down inflation. Bjarne Schieldrop of SEB discusses the steps oil producers are taking in terms of supply. Plus, for the first time in four years, aviation and defense industry leaders are meeting in the U.K. for the Farnborough International Airshow. CNBC’s Phil Lebeau speaks with Raytheon Technologies CEO Greg Hayes about his expectations for travel demand. And, earnings season rolls on with Goldman Sachs and Bank of America set to report this morning. David Konrad of KBW gives his thoughts. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

A major deal in American oil and gas was announced yesterday: ConocoPhillips is buying 30% of Sempra Energy’s Port Arthur, Texas LNG plant. Former U.S. Secretary of Energy Dan Brouillette discusses his role as one of the key architects of this deal. Plus, Wall Street is expecting earnings from Citigroup and Wells Fargo today follow yesterday’s worse-than-expected numbers from JPMorgan Chase and Morgan Stanley. Stephen Biggar of Argus Research breaks down what to expect. And, President Biden is currently meeting with Mohammad bin Salman in Saudi Arabia to talk oil and energy. Helima Croft of RBC Capital Markets explains the importance of this meeting. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Earnings kick off today with JPMorgan Chase and Morgan Stanley stepping up to the plate first. Ken Leon of CFRA gives insight on what Wall Street is expecting. Plus, President Biden is continuing his Middle East trip as he meets with Israel’s prime minister this morning. Jimmy Pethokoukis of the American Enterprise Institute discusses the meeting’s implications on high gas prices at home. And, the inversion of the 2 Year/10 Year spread could be a huge recession signal for investors. Brian Levitt of Invesco and Sylvia Jablonski of Defiance ETFs break down what this could mean for the overall markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

RBC’s Elsa Lignos discusses the broader impact of the euro trading at or below parity with the dollar on developing and emerging market economies. Plus, Tommy Hall, who manages several high-end restaurants throughout the country, talks about how high prices are affecting business and whether that’s getting passed on to customers. And, Eric Heymann of Deutsche Bank Research lays out several scenarios for if and when Russian resumes flows of natural gas to Europe, including the potential for rationing this winter. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Private capital from venture investors may be harder and harder to come by these days, but that doesn’t mean there aren’t a few hot sectors ripe for new cash. WeFox Co-Founder and CEO Julian Teicke dives into the company’s successful post-money valuation boost. Plus, when it comes to the growing energy crisis in Europe, what are the potential spillover effects to the rest of the world? Samantha Dart of Goldman Sachs weighs in. And, stock futures are pointing to a weak open as investors await key corporate earnings later this week, along with June CPI data out tomorrow. Mark Howard of BNP Paribas and Greg Sarian of Sarian Strategic Partners 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.

According to a letter sent by his legal team on Friday, Elon Musk is looking to terminate his $44 billion deal to buy Twitter. Daniel Flax of Neuberger Berman discusses the latest. Plus, Amazon Prime Day and Target Deal Days are expected to offer competitive price reductions, but will they be enough to remedy the unstable state of the consumer? Stacey Widlitz of SW Retail Advisors weighs in. And, a break to the S&P 500 or Nasdaq may tell us where we’re headed in the near term. Matt Maley of Miller Tabak and Greg Branch of Veritas Financial Group break down the biggest pre-market moves. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Natural gas futures in Europe are trading at $50 or more right now with no sign of coming down. Per Magnus Nysveen of Rystad Energy dives into the imminent pressure European countries are feeling to fill up their storage tanks ahead of winter. Plus, a new report by the St. Louis Fed says that the Paycheck Protection Program (PPP) was “not well-targeted.” Jimmy Pethokoukis of the American Enterprise Institutes explains why. And, markets are gearing up for the release of the monthly jobs report in just a couple of hours. Gina Sanchez of Chantico Global and Simeon Hyman of ProShares Advisors talk inflation, recessionary fears, and 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.