Wall Street Breakfast

Citi names Apple its top AI-related pick. (0:16) Second quarter GDP revised up, inflation revised down. (1:30) Dollar General plunges on guidance. (3:25)Show NotesMarkets minted more 401(K) millionaires in Q2, marking new highChinese media issues warning on 'irrational' iron ore spikeEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Yelp (YELP) sues Google (GOOG) (GOOGL) over alleged search monopoly after landmark antitrust ruling. (00:22) DraftKings (DKNG) adds to in-play betting capabilities with the acquisition of Simplebet. (01:54) GameStop (GME) pivots to retro stores as it looks to cash in on gaming nostalgia. (02:34)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: NVDA, CRM, AFRM, and moreNippon Steel offers additional $1.3B spending on US Steel plantsSenator Rick Scott questions Intel CEO on job cut despite $20B grants - reportMarkets minted more 401(K) millionaires in Q2, marking new highSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Nvidia cruises past earnings forecasts, but the stock is under pressure. (0:18) Super Micro Computer plunges after delaying 10-K filing. (1:58)Episode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

XPeng (XPEV) gains on launch of mass-market car Mona, targeting budget-conscious segment. (00:58) Klarna improves profits as AI takes over jobs. (01:41) GM, Samsung SDI (SSNLF) ink deal for $3.5B EV battery plant in Indiana. (03:01)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: ELF, AMBA, and moreFDA approves Illumina's TruSight Oncology biomarker testWarren Buffett's Berkshire Hathaway may soon join the $1T clubNFL greenlights private equity stakes in teams for the first timeSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Elon Musk bucks the trend of AI players and supports the California bill. (0:16) Super Micro Computer hit with short report. (2:25) DEA sets hearing for cannabis reclassification. (3:26)Show NotesCoca-Cola is called a top pick at Morgan StanleyNvidia could see more than 9% upside on its reporting dayEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Edgar Bronfman drops out of bidding for Paramount Global (PARA). (00:24) Lowe's (LOW) joins growing list of companies scaling back DEI policies. (01:19) Campbell (CPB) sells its popcorn business to snack company Our Home. (02:46)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: PARA, TCOM, and moreMeta's Mark Zuckerberg regrets bowing to White House pressure to censor COVID contentArk Invest says Tesla is the robotaxi leader despite the early start by Waymo and BaiduAlbertsons may have to sell itself, close stores, cut jobs if it can't merge with KrogerSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Activist Elliott calls for Sept. 9 meeting with Southwest Airlines. (0:16) SolarEdge CEO steps down. (2:34) Stop & Shop to stop selling tobacco. (3:15)Show NotesStocks most loved and shunned by hedge and mutual fundsTelegram backs CEO Pavel Durov as his arrest prompts online backlashEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Kroger (KR) set to battle in court with FTC over $25B Albertsons (ACI) deal on Monday. (00:25) Elon Musk’s SpaceX to bring astronauts sent on Boeing (BA) Starliner. (01:43) Earnings preview: Nordstrom (JWN). (02:45)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: SIRI, XPEV, and moreOil prices on watch as Israel, Hezbollah strikes fuel fears of wider Mideast conflictThis sector is seen as being the most impacted by the 2024 U.S. electionTelegram backs CEO Pavel Durov as his arrest prompts online backlashCanada labor board orders rail employees back to work, imposes binding arbitrationSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

AI chip demand has looked strong, but NVDA faces lofty expectations. (0:18)  Fed's favorite inflation gauge seen coming in cool after rate cuts signaled. (2:36) Telegram founder arrested. (4:23)Show NotesNvidia earnings previews‘Bottom-fishing’ ideas within Piper Sandler’s universe of stocksEarnings calendarEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Jerome Powell says 'the time has come for policy to adjust' and he does not seek further labor market cooling. (0:17) Markets are pricing in 100 basis points of rate cuts this year. (1:23)Show NotesA brief history of Jerome Powell's past Jackson Hole speechesEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Fed chief expected to set the stage for cutting rates. (0:15) Southwest could charge for bags to fend off activist. (2:10) Uber teams with GM for autonomous rides. (2:55)Show NotesSkydance urges Paramount to end negotiations with Edgar BronfmanCanada government orders railroads into arbitration over labor contractAltria raises dividend by 4.1%Episode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Analyst says production pushed to end of '27 or '28. (0:16) Jobless claims add more weight to a 25 bps September rate cut. (0:55) Asia sees first case of new strain of mpox. (2:08)Show NotesMorgan Stanley’s 20 Top Stock PicksLionsgate apologizes for fake film critic quotes in the Megalopolis trailerSnowflake falls after 'good, but perhaps not enough' Q2 resultsEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Canada rail (CP) (CNI) shutdown begins, threatening supply chains and U.S. trade. (00:22) Bronfman boosts bid in Paramount (PARA) offer to $6B: WSJ. (02:30) Disney (DIS) picks Morgan Stanley's Gorman to head Iger succession committee. (03:12)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: SNOW, ZM and moreSeveral FOMC members saw a case for cutting at July meeting: Fed minutesGoldman Sachs sees 818K downward revision in payroll gains as ‘exaggerated’Halliburton hit by cyberattack, impact not yet determined - ReutersSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

First-person game sees 2.2M concurrent players. (0:16) Yearly payrolls ended March revised down by 818,000. (1:28) Target rallies with positive quarterly comps. (2:45)Show NotesOppenheimer’s top 32 ideas for August-SeptemberWarner Bros. eyes spending $8.5B on Las Vegas film studio if tax credit bill passesEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Walmart (WMT) exits JD.com (JD) to focus on its own China business. (00:22) Waymo (GOOG) expands rapidly to 100,000 robotaxi rides a week. (01:23) Microchip Technology (MCHP) suffers cyberattack, shuts down some systems, stock slips. (02:34)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: JD, KEYS, and moreOppenheimer’s top 32 ideas for August-SeptemberPot meet kettle: SHEIN sues Temu for selling counterfeit products, copyright infringementFed's Bowman says she remains wary of future rate cutsSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

WHO's Europe regional director says authorities are aware how to control spread of mpox. (0:15) Lowe's issues lowered guidance. (1:18) Twitter buyout the worst finance deal for banks since crisis. (3:02)Show NotesS&P 500 buy and sell ideas for each of the sectorsEdgar Bronfman has reportedly raised $5.5B to bid for ParamountEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Boeing (BA) grounds 777X test fleet after finding cracks in engine mounting structure. (00:24) Tax firm Andersen Global evaluating IPO - WSJ. (01:28) Workhorse (WKHS) raises doubts about ability to continue as going concern. (02:23)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: PANW, FN, and moreEvercore sees Powell signaling openness to 50bp rate cut in Jackson Hole speechTrump would consider ending EV tax credit, naming Elon Musk as adviser - reportKamala Harris to propose raising corporate tax rate to 28% - reportGold price ekes out new record high; some analysts predict short-term pullbackSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Layoffs come after GM promoted two former Apple execs to run software & services. (0:16) Carl Icahn settles with SEC over margin loans. (3:02) Goldman says market is full of RINO stocks. (3:50)Show NotesAMD to acquire ZT Systems in $4.9B deal to boost data center AI systems capabilitiesEstée Lauder CEO Fabrizio Freda announces intention to retireEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

China's BYD (BYDDF) to set up a plant in Karachi, Pakistan - report. (00:24) UAW chief claims Stellantis (STLA) is price gouging to inflate profits. (01:18) ‘Alien: Romulus’ (DIS) leads box-office sales with domestic premiere. (02:26)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: FUBO, EBS, and moreEvercore ISI screens banks likely to fare better when the Fed cuts ratesChina stops releasing real-time foreign fund flow dataWall Street Breakfast: Better For SellersSign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.

Jay Powell will speak Friday with markets looking for September cut. (0:18)  High expectations for Target earnings. (4:51) X shuts down in Brazil. (5:54)Show NotesGoldman Sachs lowers U.S. recession risk on strong economic dataEarnings CalendarEpisode transcripts: seekingalpha.com/wsb Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.