Wall Street Banks Set to Pull in Almost $39 Billion From Trading

Directly named as best idea; framed as value plus improving profitability quality.

Implied richer valuation; could lag in a value-led relative trade if NIM concerns rise.

Comments from USTR Greer suggest continued hardline US-China trade posture: ongoing Section 301/tariff framework, intensified enforcement against transshipment (DOJ+CBP), scrutiny of forced-labor-related supply chains, and a September checkpoint/stock-take with China including rare earth commitments. Market impact is primarily through (1) higher compliance/tariff risk for China-linked import supply chains and (2) potential support for US/Non-China domestic producers in categories affected by enforcement (e.g., solar, select industrial inputs) and (3) tail risk around rare earth supply disruptions/commitments ahead of September.

Program discusses Capitol Hill hearings (Fed Chair Kevin Warsh testimony; nominees Todd Blanche for AG and Jay Clayton for DNI) amid Senate Democrats blocking the defense authorization bill and an escalating U.S.–Iran conflict with additional U.S. strikes. Market relevance centers on (1) near-term defense-spending legislative risk vs. (2) geopolitics-driven defense/oil risk premia.

Only the headline is provided. It suggests an inflation data “surprise” led to a selloff in semiconductor (“chip”) stocks on 7/15/2026, implying a risk-off/rates-up impulse that can pressure long-duration tech and semis.

July Beige Book Drops, OpenAI Plans AI Speaker Device | Bloomberg Businessweek Daily 7/15/2026

Stocks Lack Conviction Despite Strong Bank Results | Closing Bell relatively flat on the day now. Uh, both WTI and Brent, uh, up about 1%. Uh, WTI back above 80 bucks a barrel. Brent crude back above 85. or 4/10 of 1%. The Russell 2000 unchanged on the day. And that's largely because of once again a bit of a selloff in the chip space. to those um semi names continues. And again actually we got some earnings Friday. It was a relatively bullish earnings $1.85 revenue, operating revenue just above analysts estimate at about $17.7 did some of its CapEx numbers. Revenue per passenger miles, uh, And here's the guidance. The company, Carol and Tim, they say, willing to narrow uh, their range of for EPs guidance but not actually raise the Also just breaking it down. Premium revenue up 16% compared to the second quarter of 2025. Revenue from basic economy up 11%. Loyalty revenue up 11%. Cargo revenue up 23%. They say close in demand remain robust, with contracted business revenue up 27% with unit revenue up 12%, marking two consecutive quarters of positive growth. But still looking at the stock down about 2.8% here in the after hours. Uh, year to date, though, the stock is up about 8%. Isab

Dimon Warns 'Real Issue' Is Broad Access to Mythos That's a real issue, which I know our government is on top of at this point is not to stop, you know, small banks from gain. And so it's really just to make sure when we roll out this stuff that we know is being controlled, because you're giving ballistic missiles to individuals with, with those basically the jobs thing to me, we don't really know. And I think people stop being breathless over it, you know, which created a lot of jobs in our company and the other areas where it's reduced jobs a little bit. And, you know, technology always creates new jobs. The question is going to be if it happens too fast, somehow, you know, people are adopting it too fast and jobs are being lost, middle class jobs before they could be reached a place. That's where the what we talk about work skills is the exact same thing we should be doing anyway. That is how to fix it.

Senators Push Trump Picks on Independence | Balance of Power 7/15/2026 I'm Joe Matthew alongside Kailey Lines here in Washington reminding us, Kailey, increasingly the U.S. has to position itself for the threat of very difficult debate over the NDAA, the annual defense authorization bill on He's who is in position in Carlisle, Pennsylvania, where the president also because of the NDAA or the budget reconciliation package that Republicans We are seeing a rout in chipmakers the SoCs the Philadelphia Stock Exchange for costs related to the Iran war. The vice president, JD Vance, is more like grants for states to implement things like voter ID and proof of We're also looking at the NDAA, uh, the annual Defense Authorization Act that It also includes an element that would prevent defense contractors from buying back their own stocks. But it brings us to this moment in time replenishing stockpiles, even if it's indirectly? regional allies are going to invest in the US when it comes to trade and Iran is long overdue. What I could tell you about Exxon's role where XM has found new life in our revitalization. the Strait of Hormuz or their own defense capabilities and calls within best way t

Bloomberg Deals 7/15/2026 >> FROM BLOOMBERG'S WORLD HEADQUARTERS IN NEW YORK CITY, WE ARE TRACKING THE KEY PLAYERS, THE MAJOR MOVES, AND THE CAPITAL FLOWS SHAPING GLOBAL MARKETS. THIS IS BLOOMBERG DEALS. >> LET'S START WITH TODAY'S BIG DEALS. A GROUP OF 12 STATES HAVE SUED PARAMOUNT ON MONDAY, SEEKING TO BLOCK ITS 110 BILLION DOLLARS BID TO BUY A WARNER BROS. DISCOVERY. THE STATES ALLEGE THE HOLLYWOOD DEAL WOULD LEAVE VIEWERS WITH HIGHER PRICES AND FEWER CHOICES FOR MOVIES AND TELEVISION. MICHELLE DAVIS HAS BEEN FOLLOWING THAT STORY FOR US NOW. STATES PUSHING BACK. WHAT DOES IT MEAN FOR PARAMOUNT? >> THERE IS A LOT AT STAKE FOR THEY AGREED TO PAY A FEE. SO THAT MEANS IF THESE SUCCEED IN GETTING A JUDGE TO PAUSE THE CLOSE, IT'S GOING TO GET EXPENSIVE REALLY FAST FOR PARAMOUNT. IT'S PART OF A BROADER TREND WHERE THE STATES ARE BEING EMBOLDENED AND GETTING AGGRESSIVE IN TRYING TO POLICE ANTITRUST ENFORCEMENT ON THEIR OWN. THERE IS A FEELING AMONG DEMOCRATS THAT THE TRUMP ADMINISTRATION AND ESPECIALLY THE FTC AND THE DOJ ARE KIND OF ABDICATING THEIR RESPONSIBILITY. THEY ARE NOT PURSUING ANTITRUST ENFORCEMENT THE WAY THEY SHOULD SO THE STATES ARE TRYING TO DO IT THEMSELVES AND THEY HAD