Ben and Tom discuss earnings updates from several companies, notably UBER beating expectations and JNJ doing very well. A few tech stocks faired well as the market continues to be turbulent - NXPI up and ANET flat. Pharma continues to do well, and energy markets appear to be headed towards furthered growth as well.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben and Tom discuss the FED's commentary about disliking the continued growth of the market, due to inflationary concerns. Euro area continues to see inflation grow month over month. Lula wins the Brazilian presidency, and earnings reports continue to flow in throughout this week.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben, Andrew, and Tom discuss this morning’s Bloomberg article squashing the notion that the Fed will pivot from their rate hike strategy, a steadying in the most recent PCE print, the completion of the acquisition of twitter by Elon Musk, Elliot Management increasing its stake in Swedish Match, a number of earnings reports headlined by a great quarter from AAPL and a very disappointing quarter from AMZN, and a shift coming as the market moves its focus from earnings to economic data. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben, Andrew, and Tom discuss incoming economic data, the mixed bag these results are for the Fed, the 0.75% rate hike out of the ECB, the joint venture between Japan Tobacco and Altria in the heated tobacco space, earnings out of a number of big companies including the disastrous results from META, upcoming earnings from AAPL, AMZN, INTC, and PXD, and many more big earnings to come. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben and Tom discuss new British PM Rishi Sunak, Meta’s continued struggles with Apple, the Saudi’s desire to drive oil prices higher, some signs of weakening revealed in the earnings reports of MSFT, TXN, and GOOG, and a surprisingly optimistic report out of Visa. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Andrew, Ben, and Tom discuss the EV car market as GM and other auto manufacturers are seeing positive signs. The housing market continues to take a tumble as builders are walking from land options and housing contracts continue to see growing cancellations. Earnings reports continue as some are seeing green while other are continuing to follow a red trendline.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben, Tom, and Andrew discuss sentiment in the market with the potential of a lessened rate hike to 50bps in December, noted in an article by Nick Timiraos in the WSJ. Japan fights to keep the Yen from weakening further, as it continues to slide. Boris Johnson removes himself from the PM elections in the UK. Xi Jinping will continue as the leader of China for an 'unprecedented' 3rd term, the longest since Mao. Continued earnings reports will take place this week.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Andrew and Ben discuss the resignation of Liz Truss, following an incredibly short tenure at the helm of the UK. Her replacement is set to be put in place quite quickly, as her successor (yet to be named) will begin in 7 days. Elon Musk's acquistion of Twitter is under fire again, as he outlines a bleak future for the current function of the company as he takes over. Earnings reports continue to end the week, and these reportings will continue into next week as well. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Tom and Ben discuss the continued conversations around the Biden administration's release of the final reserves authorized earlier this year. The plans for replenishment are focused on doing so when the price of oil drops to between $67-72/barrel. Interest rates continue to be on the rise. Earnings reporst continue this week, as TSLA is down 5%, LRCX is flat, and IBM is up 3% (to note a few larger players).For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben and Tom discuss the oil announcement to come regarding releases from the SPR as well as the plans to restock the reserves in the future. Earnings reports continue to come in as Netflix announces an addition to subscribers for the first time in 3 quarters. Inflation continues as fears continue to grow regarding a recession.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben and Tom discuss the White House planning an SPR announcement as Core CPI continues to be elevated. They plan to release another 10-15 million barrels of oil as part of a drawdown announced in the spring. The market has a strong rally as earnings are continuing to be reported this week. Market sentiment overall is low, as cash has hit an all time high in investor porfolios since April of 2001.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Ben and Tom discuss Liz Truss firing of UK Chancellor of the Exchequer, Kwasi Kwarteng. China kicks off its five-year Party Congress with Xi Jingping for an unprecedented 3rd term. Goldman Sachs looks to shift some of their business strategy moving forward, and Meta struggles immensely to make progess regarding the meta-verse. There is a big week of earnings reports coming this week.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefings Please see disclosures: https://www.narwhalcapital.com/disclosure

Andrew is joined by Ben and Tom via Texas. Ben and Tom share about the conference they've been attending out in Texas. Kroger confirms their offer to buy Albertson's, and Beyond Meat plans to lay off 20% of their work force. Bank reports are positive, despite the fact that borrowing capital is much more expensive compared to the recent history.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew discusses the release of CPI numbers, as the market responded quite negatively in real time to the release. CPI numbers only moved 0.4 overall, but the expectation that overall inflation would be down to 8.1 was met with unfavorable results as it failed, dropping only to 8.2.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Narwhal's presentation on the third quarter of 2022. Discussion of the highs, lows, and plans moving forward for the coming quarter and year.

Andrew discusses the market's continued downturn - yesterday had the second lowest closing of the year; 10-year bond closed at the second highest rate of the year. Merck and Moderna announce a joint development on a new cancer drug. PPI released tomorrow morning.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben, Tom, and Andrew discuss all that transpired last week, Ukraine getting hit hard with Russian attacks, the Bank of England attempting to support the bond market, and a busy week ahead. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben, Tom, and Andrew discuss AMD’s profit warning, Credit Suisse plans to buy back bonds, Biden’s executive order surrounding cannabis, and some important economic data.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom, Ben, and Andrew discuss ISM services data, OPEC+ agreeing to a cut of 2 million barrels per day, Ford continuing to raise prices on the Lightening, Peloton’s announcement to lay off 500 employees, strong sales results from Costco, and tomorrow’s employment report. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben discusses ISM Manufacturing results as numbers continue to push downward as news comes out. It appears that central banks appear to be turning the corner, and Fed commentary notes that we "still have a long way to go." The market continues to rally after an abismal past two weeks.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben rejoins Andrew and Tom to discuss the U-turn by the UK, the reason for the Fed’s emergency meeting, the reduction plan from OPEC+, some concerns of out TSLA, GOOG, and Credit Suisse, and the continued struggles for Russia in their war against Ukraine. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom and Andrew discuss yesterday’s market rally, some puzzling economic data that is coming in, Germany’s attempt to curb gas prices, a rally out of Bed Bath and Beyond, and some off cycle earnings reports later today from Nike and Micron. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

We kick off today’s show with a declaration from Tom, followed by some discussion around the situation in the UK, the result of hitting 4% on the 10-year US treasury, the leaks in the Nord Stream pipeline, and the overall global tension that is contributing to this choppy market. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew and Tom are back to discuss the previous week and a half of turbulence in the markets. The US Markets continue to be rocky as inflation and uncertain futures have led to heavy speculation of what's to come. The UK Markets seem to be in a difficult position, and it appears that the global economy could be headed towards recession.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom and Andrew discuss yesterday morning’s hot CPI print, the equity market’s significantly negative reaction to the data, the Fed’s path as they try and bring inflation down, and what means going forward. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew is flying solo this morning to discuss the release of CPI numbers. Overall, CPI is up just a meager 0.1, but this shows that inflation has yet to be "solved" so to speak. The fund-manager survey shows an extremely bearish sentiment moving forward. Cash is at an all time high in investment accounts, while equities are at an all time low.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom, Andrew, and Ben discuss the upcoming sentiment on the CPI numbers that will be released on Tuesday. Despite union discussions, Union Pacific was upgraded by Bank of America this week, and Apple has seen strong response on preorders of the new iPhone. With CPI and U of Michigan Sentiment numbers releasing this week, things could get dicey.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben and Tom discuss the weakening USD as the Euro/GBP/Yen rebound a bit. CPI shows a lowered spending, but the main driver of that lowering seems to be gas spending. Healthcare premiums are on the rise, and it appears that those numbers could be increasing in the 20% range over the coming months.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom and Ben discuss the ECB meeting sentiment as the expectation is for them to raise interest rates by 75bps. The Japanese are beginning to grow very concerned about the global state of the Yen. iPhone releases information on their newest iPhone, AirPods, and Apple Watch. Consumer sentiment seems resilient in these uncertain times.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom, Andrew, and Ben discuss economic data coming in from July and August. The global markets continue to shift as increasing mortgage rates cause a bond sell-off, and the Yen continues to be devalued. There is a lot of anticipation around the new release of the iPhone as the announcement comes this week.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew, Ben, and Tom discuss energy supply cuts in Europe. There's an ECB meeting planned for Thursday as Liz Truss is announced as new British Prime Minister. Several large companies announce big news - Apple announces new iPhone launch tomorrow, CVS is buying Signify Health, and VW plans to list thier majority stake in Porsche.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew brings on our new PM Harrison Pettigrew. Harrison shares a bit about how he got into investing as well as his journey to coming to Narwhal. The unemployment rate seems to be flat around 3.5%, and average hourly earnings estimates are estimated to go up 5.2% year over year. College football is officially back this weekend.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben and Andrew discuss inital jobless claims for August, which saw estimates drop from 52.8 to 51.9. A large bond sell-off took place at the end of the day, and Nvidia is being ordered to halt sales to China regarding AI chips. More tech layoffs are taking place, and OPEC forecasts a supply deficit for oil next year.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew and Ben discuss the improvement of economic data coming forth. Snapchat continues its downtrend with another 7% decerease in stock prices as layoffs in the tech industry continue. Europen inflation continues to grow outside of skyrocketing energy prices. Major stock sectors hurting appear to be technology and discretionary spending.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom brings on a special guest, one of our interns for the semester - Sagaar Mehta. They discuss the new European energy "plan," the upcoming ECB meeting next week, and First Solar's plan to spend over $1 billion to expand US production.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew, Ben, and Tom discuss what took place at the FED's meeting in Jackson Hole. Primarily, sentiment is hawkish following the conference with an interest to continue raising interest rates in order to "finish the job" of rightening the economy. The market seems bearish, and there has been a significant downturn in airline traffic. This week should be interesting.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben and Tom discuss the sentiment of the market heading into the FED meeting and Jay Powell's comments in Jackson Hole. USA Today published an article about Amazon being interested in purhasing Electronic Arts, but the source and story seem far fetched. They finish by following up on whether the Student Debt Forgiveness plan will actually take place and materialize.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom and Ben have special guest Melissa Visbal, Narwhal's Financial Planner, on for the call this morning. They discuss earnings reports for several companies, including Nvidia. They also discuss the state of Peloton as they reported a partnership with Amazon yesterday that saw Peloton stock jump 20% - this was wiped away pre-market, however, as the partnership is now under question. The call mostly focused on the Biden Administration's announcement of their plans to forgive student debt.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben, Tom, and Andrew discuss yesterday's dip in the market as sell offs seem to be correcting an overzealous upswing from last week. Chinese and the European markets continue to struggle, and we continue to watch as the Euro falls below the dollar. Hedge funds appear to be hawkish on the FED's meeting in Jackson Hole, and interest rates rise again, with mortgage rates nearing 6% once again.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew, Ben, and Tom discuss the drop in the market at the end of the last week and what appears to be a down day again today. Berkshire Hathway purchases more oil shares, Amazon plans to buy Signify Health, and Tesla's stock split at 3:1 happens Thursday. We look to forward to the "Superbowl" of the FED taking place at the end of this week in Jackson Hole.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew, Ben, and Tom discuss the crypto and meme stock heavy losses over the past 24 hours. Bed, Bath, and Beyond is down over 40% in the past day, and BTC has taken nearly a 10% loss overnight. FED meetings are upcoming, and we'll anxiously await their plans for rate hikes.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew and Ben discuss the FED's dovish commentary surrounding the state of the market. Cisco reports strong earnings, and they show very limited signs of weakening during the current recession. Kohl's reports abismal earnings reports, and they seem to potentially be floundering.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew, Ben, and Tom discuss the change in China's interest rates, as they are cutting rates amidst their economic struggles. Energy prices and issues in Europe continue to be a source of difficulty. Putin issues a statement to North Korea further strengthening the alliance between the two in some capacity.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben and Tom discuss the release of PPI numbers, as they came in lower than expected, a welcomed positive sign potentially. Inflation numbers appear to be moving in the right direction, and the guys discuss how a continued agressive approach could lead to more positive signs of deflation. They finish the episode discussing Disney's highly optimistic earnings' reports.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom, Andrew, and Ben discuss the CPI numbers as they were released for Q2 of 2022. For the first time in two years, inflation did not increase at the CPI print for Q2 was 0.0. The UK preps for a potential four day power outage in January due to possible energy shortages. Microsoft is the latest big tech firm to start cutting costs, including layoffs.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Tom and Ben discuss guidance cuts from Nvidia and Micron as chip manufacturers have experienced some turbulance. China's military demonstrations with Taiwan continue to be a source of interest as any military conflict could have large consequences for the global economy. CPI numbers are released tomorrow which will also indicate whether inflation will ever start to finally slow.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Andrew, Ben, and Tom discuss a significant number of mergers - CVS acquires Signify, UPS acquires Bomi, Atlas aquires Apollo, Pfizer acquires Global Blood Therapeutics, and Whirlpool acquires InSinkErator. China continues to military demonstration around Taiwan, and the Senate have approved the Inflation Reduction Act which now moves to the House. CPI numbers come out later this week, and the FED plans to continue rate hikes with a 75 bp hike in September.For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures

Ben, Andrew, and Tom discuss China’s response to Speaker Pelosi’s trip to Taiwan, some new details of the Inflation Reduction Act, the readthrough from a huge beat in the Nonfarm Payrolls data and what influence that could have on the Fed moving forward, as well as a hugely important CPI print coming up next week. For information on how to join the Zoom calls live each morning at 8:30 EST, visit https://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures