Big Banks report Q2 earnings, Biden's NATO speech: Morning Brief
Stocks (^DJI, ^IXIC, ^GSPC) are in summer mode this session, hoping to end the second trading week of July on a high note and get to the weekend. Seana Smith and Brad Smith guide investors through the hustle-and-bustle of this busy Friday morning, bringing on top analysts and experts to discuss the biggest market themes and political stories. In this episode of The Morning Brief, major banks JPMorgan Chase & Co. (JPM), Wells Fargo (WFC), and Citigroup (C) report their second quarter earnings results, officially kicking off earnings season. HSBC head of US financials research Paul Martinez joins the show to discuss the Big Banks' results and what each of their net interest income (NII) is signaling about the industry as a whole. More and more Democratic donors and lawmakers are calling for President Biden to step aside as the assumed party nominee in the 2024 election. Brookings Institution senior fellow in governance studies and Washington Post columnist EJ Dionne Jr. comes onto the program to talk on Biden's foreign policy strengths in his NATO summit speech, which did all but quiet his critics. Other top trending tickers on the Yahoo Finance platform include Tesla (TSLA); Bank of New York Mellon (BK) as it topped second-quarter earnings estimates; and AT&T (T) and Snowflake (SNOW) after the former revealed the scope of its 2022 customer data breach. This post was written by Luke Carberry Mogan.
