Jake’s Takes
Jake’s Takes Podcast
Jake Novak's Morning Business Briefing 7/8
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Jake Novak's Morning Business Briefing 7/8

Transportation Security Administration

STOCKS/ECONOMY

-Stock futures are mostly flat after Monday's 422-point loss for the Dow, 0.8 percent drop for the S&P 500, and a 0.9 percent fall for the Nasdaq. Investors are feeling less rattled by tariff news this morning as they refocus a bit on retail and consumer spending news today.

-The yield on the 10-year Treasury bond is up to 4.41 percent.

-Gold is at the $3,334 per ounce level. Bitcoin is at the $108,800 level.

-Asian markets closed higher today. The Hang Seng rallied 1.1 percent higher, the Nikkei added 0.3 percent, and the Shenzhen surged 1.5 percent higher.

OIL/ENERGY

-U.S. crude prices are flat and at the $67 a barrel level.

-Gasoline prices are holding at $3.14 a gallon, national average.

MOVING AMERICA

-The TSA is ending the requirement forcing travellers to remove their shoes in security lines at U.S. airports. Shares of all the larger U.S. airlines are up in the premarket this morning, with Southwest (LUV) shares up the most at 2 percent higher.

AMAZON'S AMERICA

-Investors are keeping a keen eye on Amazon (AMZN) today and throughout the week as the online retailer launches its "Prime Day" discounts today. Amazon shares are up slightly in the premarket, and are mostly flat so far this year.

AI WARS

-Facebook parent Meta (META) has hired away Apple's (AAPL) with a pay package in the tens of millions of dollars. Meta shares are up 1 percent in the premarket, Apple shares are flat.

-IBM (IBM) has introduced a new line of AI chips and servers aimed at simplifying the machine learning process. IBM shares are flat in the premarket, but are up 33 percent for the year so far.

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