Wall Street Breakfast

Warren Buffett is stepping down from his role at Berkshire Hathaway, handing over the reins to Greg Abel. The Fed is anticipated to keep interest rates steady, stirring conversations about potential market implications. A former global strategist raises alarms about an approaching bear market, citing macroeconomic instability and fragile market conditions as major risks. Listeners are treated to a comprehensive analysis of how these shifts could impact investments and the economy.

Recent earnings reports from major tech and non-tech companies reveal a mixed bag, with Starbucks and UPS facing challenges that cast doubt on their futures. This week’s spotlight shifts to Apple and Microsoft, highlighting their contrasting performance amidst tariff pressures. Upcoming earnings from companies like Palantir, Disney, and Ford add to the intrigue. Meanwhile, Amazon navigates tariff turbulence, aiming to streamline its messaging while tackling potential costs head-on. The overall sentiment reflects a cautious optimism in the market as analysts weigh these implications.

Amazon impresses with surprising earnings while expressing a cautious outlook, highlighting its AI potential and minimal tariff impact. American Airlines reveals a bold $4 billion expansion plan for Dallas Airport. Additionally, the World Health Organization prepares to endorse popular weight loss drugs like Zepbound and Wegovy, stirring discussions about health and wellness in the market. It's a blend of technology, travel, and health shaping the current economic landscape.

McDonald's faces its biggest U.S. sales drop since the pandemic, with a 3.6% decline attributed to consumer uncertainty. Meanwhile, General Motors is slashing its earnings guidance amid tariff impacts. The U.S. Army shows interest in Palantir’s TITAN technology. In corporate news, Kohl's CEO has been fired for cause, while Eli Lilly grapples with challenges despite successful weight loss treatments. The discussion highlights key market trends and the resilience of companies navigating a tough economic landscape.

Microsoft and Meta are soaring thanks to strong fiscal results driven by AI innovations. Tesla's board is dismissing rumors about a new CEO search, while a startup backed by Sam Altman is launching biometric ID tech in six U.S. cities. Major market movements also highlight Amazon’s pre-market gains and the impacts of international market closures. Stay tuned for insights on what’s shaping the financial landscape!

The U.S. GDP has contracted for the first time since 2022, driven by rising imports amid tariffs. Despite this dip, underlying consumer spending shows resilience. Inflation data is also cooling, creating a nuanced economic picture. Taco Bell shines in Yum! Brands' earnings report, proving there's still appetite for fast food. The podcast dives into financial projections by Wells Fargo, along with a proposed electric vehicle road tax by House Republicans, raising questions about future infrastructure funding.

Sony's stock soars amid rumors of a semiconductor spin-off, capturing investor attention. Meanwhile, Waymo and Toyota team up to explore self-driving technology for personal vehicles. In a contrasting note, Snap faces challenges as its Q1 earnings show a slip in stock. The podcast also highlights General Motors' recall of nearly 600,000 vehicles due to engine failure risks, while Starbucks hints at a brewing turnaround amidst tariff concerns.

Press secretary calls notion of Amazon listing tariff costs ‘hostile and political.’ AMZN denies the plan. (0:15) Trade deficit balloons in March, could lead to GDP drop. (1:46) Consumer confidence almost at recession level. (2:56)  Show Notes Morgan Stanley’s quality stocks to double down onHims & Hers soars on Wegovy dealEpisode 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.

Trump set to ease auto tariff impact as he marks 100 days in office. (00:23) Okta set to join S&P MidCap 400. (02:03) Starbucks (SBUX) Q2 earnings preview: Eyes on international sales amid tariff uncertainties. (02:23)Episode transcripts seekingalpha.com/wsb.Show links: Biggest stock movers Tuesday: NXPI, BP, and moreCanada election: Carney's Liberals win as Trump threats fuel party's comebackInvestors worry Big Oil firms could cut dividends, buybacks as crude prices slideSouthwest Airlines adds perks for loyal customers ahead of the shift to an assigned seating modelSign 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 new Bitcoin yield fund from Coinbase targets institutional investors with a conservative strategy. The conversation dives into the potential impact of tariffs on taxes, raising eyebrows over President Trump's remarks. On the corporate front, mixed sales results from Domino's are analyzed, alongside notable achievements from Pony AI and Deliveroo. Optimism from Goldman Sachs on dividends adds an interesting twist to market insights, as economic trends steer investor sentiment.