Navigating Credibility: The Fed's Independence at Stake

Fed independence a growing discussion across Wall Street: 

Sara Eisen, David Faber, and Carl Quintanilla discussed the latest on the Fed front as the President confirms his finalists for Powell's replacement, ahead of fresh inflation data this week, and Ken Griffin makes headlines with a new opinion piece in the Journal on the topic. Apollo's Chief Economist Torsten Slok joined the team with his take - on a potential rate cut in September - and whether the AI trade is becoming a bubble... While Rockefeller's Ruchir Sharma took the other side: giving his reasons why the Fed should not cut here. Plus: Tech stocks rallying ahead of an Apple event tomorrow - with a key focus on new iPhones... More on what it could mean for shares of the laggard this hour. 

Other key stories? What Echostar's new deal with Starlink means for the rest of telecom - as shares pop double digits... Plus: a deep-dive on PNC's latest acquisition, and Howard Stern's newest prank that hit SiriusXM shares in the early trade. 

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