Markets navigate another pivotal week as earnings, AI investment and sector rotation reshape the outlook. Plus, employers embrace AI, semiconductor demand stays strong and investors look beyond Big Tech for new opportunities. Later, Fed policy, inflation trends, bond positioning and cybersecurity concerns surrounding advanced AI models remain key themes driving markets.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI, earnings and the Fed keep investors on edge 7/28/26

Morning Call

A key Fed decision with the Fed chairman talking tough on inflation. What will be the Fed's next move? The policy statement and Fed chairman Warsh's message to investors. Power Lunch, tomorrow to Eastern and streaming on CNBC+. Chips, take a dip. I'm Dominic Chu and this is your Morning Call.

Good Tuesday morning to all of you. U.S. stock futures right now after a mixed session on Wall Street yesterday are mixed yet again today. The Dow's implied higher by just about 42 points, the S&P down by about 23 and the tech heavier NASDAQ 100 trade down by about 290 points.

Computer chip stocks are among the biggest laggards within that NASDAQ 100 trade so far. You can take a look at this. SanDisk, Micron, Western Digital, Land Research, Arm Holdings all off roughly four to five percent. The memory names a key focus, of course, given everything that's happened over the last couple of days here. We'll have much more on that trade in just a moment. But more red arrows for energy as well. After a third straight day of no U.S.-Iran strikes, the president says he's hopeful for a deal.

Oil prices right now are markedly lower. U.S. benchmark West Texas Intermediate, $80.40 off about two and a half percent. Three percent declines for world benchmark ice Brent crude futures, $85.56 there. And on the Treasury side of things, as the Fed kicks off its two day interest rate policy meeting today, you can see the benchmark 10 year note yield has drifted lower. Bond prices higher to around 4.62 percent.

AI, earnings and the Fed keep investors on edge 7/28/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AI, earnings and the Fed keep investors on edge 7/28/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.