Market Performance - The Dow Jones Industrial Average is down more than 100 points or 0.3% [7] - The S&P 500 is down about 26 points or 0.4% [7] - The Nasdaq Composite is down about 0.3% [7] - The Nasdaq 100 is down about 0.5% [7] - The Russell 2000 finished up 0.2% [8] - It's the sixth straight day of declines [8] Earnings and Revenue - Intuit's fourth quarter adjusted EPS was $2.75, beating the consensus estimate of $2.66 [9] - Intuit's net revenue was $3.83 billion [10] - Intuit sees 2026 revenue of $21 billion to $21.19 billion [10] - Ross Stores' comp sales grew about 2%, in line with expectations but half of the year-ago period [12] - Ross Stores' EPS came in at $1.56, beating the Street's expectation of $1.53 [12] - Workday's second quarter adjusted earnings per share came in above estimate [15] - Workday's second quarter revenue matched estimates [15] - Zoom's second quarter adjusted EPS of $1.53 topped the consensus estimate of $1.38 [23] - Zoom's second quarter revenue was $1.22 billion, slightly beating the expected $1.2 billion [23] - Zoom sees full year revenue of $4.83 billion to $4.84 billion [23] - Zoom's full year free cash flow will be at least $1.74 billion [24] Company Specific News - Workday signed a definitive agreement to acquire Paradox [15] - Paramount Skydance is under scrutiny from House Democrats regarding their merger [19] - Select quote surged after reporting positive adjusted EBITDA in the first quarter [20] - Walmart's profit missed expectations for the first time in three years [25] - Coty shares are down 22%, the worst daily performance since March 2020, after forecasting steep sales declines [27] - Cracker Barrel's stock declined after changing its logo [29]

Meanwhile, the Kansas City Fed economic policy symposium starting officially today in Jackson Hole, Wyoming. Fed chair Jay Powell set to speak tomorrow in this hour. We'll bring you those comments live.Let's get to stem economics reporter Steve Leeman who's in Jackson Hole with more on some of the conversations leading into Powell. Steve, hey Sarah. Yeah, there is definitely talk in the hallways here about the Lisa Cook allegations, but the more important focus for investors is the speech tomorrow by Fed Ch ...

Welcome back to the good channel everyone. My name is Josh and right now Bitcoin is still holding above this major area of support as we're seeing new liquidity building above the price of Bitcoin which we need to pay attention to as the Bitcoin dominance is continuing to pull back in the short term causing a major bounce for Ethereum. A major reaction from this significant area of support which we need to pay attention to.So yes, I have closed my Ethereum shorts position in profits which I'll talk more abo ...

Market Expectations - FOMC (Federal Open Market Committee) 会议纪要偏向鹰派，降低了降息预期 [1] - 首次申请失业金人数是加密货币/降息看涨的关键指标 [1] - 行业关注首次申请失业金人数数据，高于 225,000 (225K) 人将利好加密货币/降息 [1] Economic Indicators - 预计首次申请失业金人数为 225,000 (225K) 人 [1] - 前值为 224,000 (224K) 人 [1]

Joe, I want to come over to you. Um, looking at some of the markets moves this week, a lot of people said, "Well, it's profit taking." People are just taking some profits, but people don't take profits when they think the market's going to keep going up. So, have we seen a significant change in sentiment.Well, no, no, no, wait a second. It can be profit taken, but but that profit taking uh could be motivated by some catalyst that you're seeing in the marketplace. I think one of those catalyst, wouldn't it b ...

Market Overview - The cryptocurrency market is experiencing a pullback, with Bitcoin (BTC) declining 5% recently after reaching an all-time high of $124,496 [3][4] - Despite current declines, the overall sentiment remains optimistic, with expectations of a rate cut in the coming months likely to support a rebound in cryptocurrency prices [1][4] Investment Opportunities - It is considered an ideal time to invest in crypto-focused stocks, specifically PayPal Holdings (PYPL), Interactive Brokers Group (IBKR), and Robinhood Markets, Inc. (HOOD), all of which show strong growth potential for 2025 [2] - Each of these companies has seen positive earnings estimate revisions in the past 90 days, indicating favorable market conditions [2][8] Company Insights PayPal Holdings - PayPal provides digital wallet services for purchasing, transferring, and selling cryptocurrencies, including Bitcoin and Ethereum [5] - The expected earnings growth rate for PayPal for the current year is 10.8%, with a 2.6% improvement in earnings estimates over the last 60 days [6] Robinhood Markets - Robinhood operates a financial services platform that allows users to invest in various assets, including cryptocurrencies [7] - The expected earnings growth rate for Robinhood is 39.5%, with a significant 23.6% improvement in earnings estimates over the last 60 days [9] Interactive Brokers Group - Interactive Brokers is a global automated electronic broker that facilitates cryptocurrency trading and futures [10] - The expected earnings growth rate for Interactive Brokers is 11.4%, with an 11.4% improvement in earnings estimates over the last 60 days [10]

Market Overview - Stocks opened cautiously higher but ended mixed, indicating potential volatility throughout the week as Wall Street anticipates clues on rate cuts from the upcoming Fed minutes and Jerome Powell's speech [1][6] - The July jobs report was significantly lower than expected, which has increased expectations for a quarter-point rate cut at the next Fed meeting in September, with some speculating a half-point reduction [2][5] Retail Earnings - Major retailers are set to report earnings this week, providing insights into consumer spending amidst higher tariffs and persistent inflation [7] - Walmart is expected to show strong underlying momentum in its fiscal second-quarter results, with a justified valuation of 38.5 times forward earnings due to significant margin expansion opportunities [8][9] - Target is anticipated to report year-over-year declines in both revenue and earnings, leading to a downgrade by BofA Securities to Underperform, with a lowered price target of $93, indicating over 11% downside potential [10][12] Competitive Landscape - Target faces increasing long-term sales and margin risks due to slowing digital sales growth, competitive threats from Walmart and Amazon, and various pricing pressures [11] - The consensus recommendation for Target among analysts is a Hold, with a mix of ratings reflecting cautious sentiment [12] Pharmaceutical Developments - Novo Nordisk's shares rose 3.7% following the accelerated FDA approval of its obesity drug, Wegovy, for treating a serious liver disease, which may help shift momentum for the company after a challenging start to the year [13][14]

Sam, it's great to see you today. Uh, set the scene for me a little bit when you're looking at how to balance the geopolitical movement, which the markets appear to be shrugging off and what comes down the pike in a couple days at Jackson Hole. >> Hey, Contessa.Well, as we pivot from the dramatic to the mundane, yeah, I guess investors are now thinking, well, what's going to come out of Jackson Hole. Uh, is the chair likely to say that they are still data dependent. And if that is the case, well then we're ...

The crypto market is dropping alongside falling expectations for a September rate cut.Odds now sit at 82.9%, down sharply from 99%.Keep a close eye on this data.It will be a main driver of upcoming price action. https://t.co/5r9eb9wixg ...

RT Yahoo Finance (@YahooFinance)"It's the fact that we're probably going to get a rate cut at the next Fed meeting in mid-September," Investopedia Editor-In-Chief @calebsilver says on PPI data. "We may get as much as a half a basis point cut." https://t.co/azYnmnB3y7 ...