Powell's dovish speech, retail sector winners: Market Domination
On today's Market Domination, hosts Julie Hyman and Alexandra Canal analyze equity market movements, the top trending tickers, and the biggest players in the retail sector.
The show opens with a discussion of Federal Reserve Chair Jerome Powell's dovish commentary on interest rates in his speech at Jackson Hole on Friday, which signaled a potential rate cut to come in September. Oxford Economics chief US economist Ryan Sweet joins to break down Powell's comments and explain its potential implications for markets going forward.
The focus then shifts to a variety of trending tickers, providing updates and stock reaction coverage for companies including Apple (AAPL), Cava (CAVA), GE Vernova (GEV), Topgolf Callaway Brands (MODG), and Roku (ROKU).
Finally, the retail sector takes center stage, as recent earnings reports have painted a mixed picture of consumer behavior. Amid this uncertainty, R5 Capital Founder and CEO Scott Mushkin joins to discuss the top three retail names that remain "advantaged" despite a weaker consumer environment.
This post was written by Angel Smith