Markets remain supported by resilient economic growth, broadening leadership and renewed IPO activity despite growing concerns around global liquidity and volatility. Plus, AI regulation, national security and tokenization are reshaping the future of technology and capital markets. Later, investors are watching the Fed, tariffs, chip earnings and the unwinding of global liquidity risks as the second half unfolds.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets, AI and Fed uncertainty drive the second half 7/6/26

Morning Call

Futures start the week in the green. I'm Morgan Brennan, and this is your Morning Call. Good Monday morning after a holiday-shortened week for Wall Street. Big, long holiday weekend here in the U.S. Let's get a check on U.S. stock futures,

which are still celebrating America's 250th birthday. As you can see right there on your screen, a lot of green with all the major averages poised for a higher open this morning. The S&P indicated to open up about 25 points, Dow 93 points, the Nasdaq about 310 points. If these gains hold into the open later this morning, keep in mind, Dow closed at a record high on Thursday in what was a mixed trading session overall for the averages, but strong gains for that holiday-shortened trading week for the major averages as well. Also, keep an eye on

the equal-weighted S&P, too. Big week for chip stocks, though, shaping up after the SMH lost nearly 6% last week. Worse for Micron, coming off more than a 14% drop. Attention shifting to South Korea's SK Hynex. It has a big U.S. IPO debut on Friday, expected to raise about $28 billion. So we'll be keeping an eye there. In the meantime, if we get a check on the bond market this morning and the action we're seeing in Treasuries, you can see yields are lower across the curve. U.S. 10-year

Treasury yielding 4.46%. Fed-sensitive two-year Treasury yielding 4.11%. And if we check on energy prices as well, we're a bit lower this morning. WTI is down about 0.5%, trading around $68 a barrel. ICE Brent is trading just below $72 a barrel. Arbob Gasoline is a bit higher this morning. Nat Gas also seeing a little bit of a pop.

Markets, AI and Fed uncertainty drive the second half 7/6/26

Read the full transcript

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

Markets, AI and Fed uncertainty drive the second half 7/6/26

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.