Wall Street Breakfast

Apple's iPhone 16 event will be closely watched for AI features. (0:17) The August CPI will likely determine how much the Fed cuts. (3:41) GameStop sees elevated options activity ahead of earnings. (5:48)Show Notes50 stocks to invest during the bull steepening – Part 150 stocks to invest during the bull steepening – Part 2Elon Musk’s AI startup is said to discuss revenue sharing with TeslaEarnings 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.

7-Eleven owner Seven & i (SVNDY) rejects $39B buyout bid from Couche-Tard (ANCTF). (00:23) Intel (INTC) considers selling more of its stake in Mobileye (MBLY): report. (01:08) Toyota (TM) plans 30% cut to 2026 global EV output - report. (02:15)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: AVGO, PATH, and moreRed Lobster survives bankruptcy with 544 locations still operatingTech mogul Larry Ellison to take control of Paramount after Skydance deal closesSeptember’s rocky start isn’t necessarily a harbinger for the rest of 2024, BMO saysSign 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.

Verizon will pay $38.50/share in cash, but could face regulatory problems. (0:15) Unit labor costs show wage inflation cooling more. (1:39) Chinese EV makers rally on Neo results. (2:36)Show NotesBofA’s global contenders and defenders listTesla plans full self-driving rollout in China and Europe by Q1 2025ISM Services stays strong in August, topping consensusEpisode 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.

Golf spinoff: Topgolf and Callaway (MODG) to trade as separate businesses. (00:22) Beyond Meat (BYND) to roll out new steak alternative to revive demand - report.  (01:14) Jeep (STLA) to cut production of Wranglers and Grand Cherokees - report. (02:03)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: FTV, CHPT, AI, and moreTesla plans full self-driving rollout in China and Europe by Q1 2025Qualcomm said to be working with Samsung, Google on mixed reality smart glassesUS Steel plunges on reports Biden preparing to block Nippon Steel deal (update)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.

Markets price in 50% chance of half-point rate cut after JOLTS. (0:16) Nvidia is in bear territory but could catch Dow Jones bump. (1:59) Nordstrom family makes offer for namesake chain. (3:55)Show Notes35 green energy stocks for a new era of profitabilityDollar Tree tumbles after weak guidanceGoogle expected to appear next week for antitrust trial related to ad business practicesEpisode 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.

US Steel (X) to remain American, prioritize U.S. steel demands - Nippon Steel (NPSCY). (00:23) Snap (SNAP) CEO blames slow advertising business for stock underperformance. (01:44) DEI pullback: Molson Coors drops diversity policies. (02:51)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: NVDA, ZS, and moreAirbnb urges NYC officials to overturn laws restricting short-term rentalsMusk's Starlink says it is complying with Brazil's order to block XJustice Department to drop censorship efforts against social mediaWhich stock could replace Intel in the Dow as INTC shares slump?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.

CEO hits out against a short thesis and says 10-K delay won't affect customers. (0:16) Tesla's robotaxi goes to Hollywood. (3:39) Goldman loves gold. (4:29)Show NotesJPMorgan cut to Hold, BofA and Wells Fargo raised to Buy at Deutsche BankNovo Nordisk warns of continued Ozempic shortage in Q4Episode 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.

Brazil takes aim at Elon Musk's Starlink (SPACE) over refusal to block X. (00:29) Volkswagen (VLKAF) says German plant closures are possible. (02:06) General Motors (GM) Ecuador factory to shut shop - report. (02:43)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: U, BA, and moreKamala Harris says US Steel should remain independent (update)Huawei to unveil new phone hours after Apple's marquee event for iPhone in September - reportActivist Elliott crosses threshold to call for Southwest Airlines special meeting - 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.

A weak August payrolls report could put a half-point Fed cut back in play. (0:17) Chinese EV makers report deliveries. (3:55) Shutdown of X starts in Brazil. (5:09) Show NotesHeavily shorted stocks are not always in distressEarnings CalendarDividend RoundupEpisode 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.

Intel (INTC) said to be weighing options including foundry split as red ink mounts. (00:23) SecureWorks (SCWX) gains on report Dell (DELL) exploring sale of cybersecurity firm. (01:56) Verizon (VZ) and Skylo to launch satellite messaging service. (03:03)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers today: LULU, DELL, ULTA, and moreDogecoin lawsuit: Elon Musk, Tesla win dismissal - reportUlta Beauty stock takes an ugly turn after results and forecast missJ.P. Morgan outlines how 12 asset classes perform depending on why the Fed cuts ratesSign 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.

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.