Intro

Stocks drifted lower and yields moved higher as investors digested cautious signals across the markets. Barbara Doran of BD8 and Scott Chronert, Citi U.S. Equity Strategist join to break down the day’s pullback and explain why defensive positioning remains in focus. Snowflake and Zoom Video report earnings, while Urban Outfitters offered a fresh read on the retail consumer. White House crypto czar David Sacks joins to discuss the stablecoin vote in Congress and the evolving AI landscape. AT&T CEO John Stankey on the company’s acquisition of Lumen’s fiber business for nearly $6B. Our Phil LeBeau on a surprising stat: the average age of a U.S. car has hit an all-time high of 12.8 years, signaling deeper trends in consumer behavior and the auto industry.