Wall Street is keeping a close eye on the banking sector today, following the release of earnings from JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC). The Consumer Price Index (CPI) for June fell 0.1% from May, indicating inflation cooled more than expected. As Wall Street digests the June Producer Price Index (PPI) report, confidence is growing that the Federal Reserve will begin cutting interest rates in September.
Meanwhile, President Biden left the NATO summit on Thursday with attention focused on his position in the 2024 presidential election, where he reiterated that he would continue to campaign despite a key speech gaffe.
Trending stocks on Yahoo Finance include Tesla (TSLA), QuantumScape (QS) and Joby Aviation (JOBY).
The featured guests are:
9:00 AM ET – Steve Sosnick, Chief Strategy Officer, Interactive Brokers
9:45 AM ET – Saul Martinez, Head of US Financial Research, HSBC
10:00 AM ET – Mike Reynolds, VP of Investment Strategy at Glenmade
10:20 a.m. ET – Ron Jusikow, Director of Auto Equity Research, Guggenheim Securities
11:00 AM ET – Bill Adams, Chief Economist, Comerica Bank