Industry Overview - U.S. restaurant sales reached $98.7 billion in June, marking a 0.6% increase from May's revised total of $98.2 billion, indicating strong consumer spending despite inflationary pressures [4][9] - The increase in restaurant sales is attributed to a broader rise in retail sales, which also grew by 0.6% in June after a decline in the previous month [5][6] Investment Opportunities - Investment in restaurant stocks such as Yum China Holdings, Inc. (YUMC), Brinker International, Inc. (EAT), and Cracker Barrel Old Country Store, Inc. (CBRL) is recommended due to positive earnings estimate revisions over the last 60 days [3][9] - Yum China Holdings has an expected earnings growth rate of 12.8% for the next year, with a 0.4% improvement in current-year earnings estimates [7] - Brinker International is projected to have a 10.5% earnings growth rate for the next year, with a 0.9% increase in current-year earnings estimates [10] - Cracker Barrel Old Country Store shows a 9.4% expected earnings growth rate for the next year, with a significant 14.3% improvement in current-year earnings estimates [12]

Our next guest will weigh on uh weigh in on the deal environment, the Fed and more. Joining us now, Mullis and Company, Vice Chairman, Eric Caner. He of course a former Congressman uh of Virginia, served as House Majority Leader.Uh you you're like a Renaissance man. I could ask you anything. I know that from uh DC to the halls of uh Wall Street.I'll talk I'll start let's start with deals. Andrew loves uh talking about deals whether they're happening or not. I in the guilded age, George Russell and it's like ...

Market Overview - The S&P 500 ended a six-day winning streak, closing down 0.3%, with all major indices declining; the Nasdaq Composite fell 0.4%, small caps dropped 0.6%, and the Dow Jones Industrial Average lost 0.5% [2] - The JOLTS report indicated job openings at 7.437 million, slightly below the expected 7.51 million, suggesting a weaker labor market [3] Earnings Reports - Starbucks reported a miss on same-store sales in the U.S. but achieved its first sales gains in China since 2023, resulting in a 3% increase in after-hours trading [4] - Visa's earnings report showed a miss on income but a beat on revenues; the stock fell over 2.5% in after-hours trading, but consumer spending remains resilient, which is a positive sign for the economy [4] Economic Indicators - The forecast for 2Q GDP growth is 2.4%, a significant improvement from the earlier forecast of -0.5% [5] - The Federal Reserve is expected to keep interest rates unchanged, with a 97% probability according to the CME Fed Watch Tool; a potential rate cut could occur in September with a 65% chance [5] Upcoming Earnings - Major companies including Meta Platforms, Microsoft, Qualcomm, and Robinhood are set to report earnings, with a focus on Meta and Microsoft [6] - Microsoft has made significant investments in AI and is expected to show growth in its cloud computing business, following Alphabet's strong performance in these areas [6][7] - Meta has invested over $14 billion in AI and is focusing on advertising revenue and progress in smart glasses, having partnered with Ray-Ban and Oakley [7][8] Upcoming Economic Data - The Personal Consumption Expenditures (PCE) Index, the Fed's preferred inflation measure, will be released soon, followed by earnings reports from Amazon and Apple, and the July employment report [9]

All right, why don't we start with your word of the day. It's Smoresus board. What What are you seeing out there.Hey, listen. I could barely sleep last night. There's something for everyone this week.It's the biggest week of earnings and we've got everything across the board from an economic perspective. You've got growth data, you've got inflation data, you've got jobs reports, and by the way, Frank, we also have a Fed meeting today with a very exciting potentially uh postgame presser. So, big week board f ...

know, the, the usual suspects are, you know, crowing about about that. The fed is set to issue its latest monetary policy decision this afternoon. Joining us now, Mark Cabana head of U.S. Rates strategy at Bank of America Securities.Fed guidance gets criticized a lot. We just had Kevin Warsh on not too long ago, and there are a lot of people that say, why do we need to know every waking thought. But we do know every waking thought as a result of that, I guess you're not expecting any major surprises today, ...

The prices of many common purchases are rising, with tariffs lifting the cost of items from shoes to toys. https://t.co/ePv64Unj6i ...

Pakistan’s central bank held its benchmark interest rate steady for a second consecutive meeting, choosing caution amid rising inflation risks and lingering tariff uncertainty https://t.co/oemPw6UaZc ...

QCP noted that Bitcoin continues to trade in the $116K–$120K range, while Ethereum’s momentum is weakening around $4K. The market may be showing signs of fatigue as prices fail to respond to positive news in the short term, and the outlook for Q3 will largely depend on U.S. inflation and employment data.https://t.co/p7SqoE14Fg ...

Wage Growth & Inflation - Euro zone wage growth is projected to decelerate significantly at the start of next year [1] - The ECB's efforts have successfully brought inflation under control [1]

Core Insights - Adidas shares declined by 8.3% following the announcement of a significant financial impact from U.S. tariffs, estimating a hit of 200 million euros ($231 million) in the second half of the year [1] - The company expressed concerns about potential risks to consumer demand due to inflation triggered by tariffs, while maintaining its full-year guidance amidst elevated uncertainty [2] - Despite challenges, Adidas reported a 2% year-on-year increase in second-quarter revenues, totaling 5.95 billion euros, although this fell short of analyst expectations [3] Financial Impact - The anticipated cost increase from tariffs could reach 200 million euros ($231 million) in the latter half of the year [1] - The company reported a negative currency impact of 300 million euros on revenues [3] - Operating profit for the second quarter rose by 58% year-on-year to 546 million euros, exceeding forecasts of 518 million euros [3] Sales Performance - Second-quarter sales growth was noted at 2% year-on-year, with the U.S. market experiencing the weakest growth [3] - Full-year currency-neutral sales are expected to increase at a high-single digit rate, with operating profit projected between 1.7 billion euros and 1.8 billion euros [2]