US Markets Wrap

Todd Rabold, Investment Management Partner at the Callan Family Office shares his insights on the significance of Bank of America’s latest aggregate credit and debit card data showing a 1% dip in total credit card spending per household in the week ending Aug 10, biggest point of disagreement between the bulls and the bears, whether Lineage's recent IPO presents a window of opportunity for investors, as well as promising areas to watch in the coming days. Presented by: Emaad Akhtar Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: pixabay & its talented community of contributors

Matt Maley, Chief Market Strategist, Miller Tabak shares his insights on potential fireworks that might be seen in the markets in the next week when the Democratic National Convention takes place, sectors that he is keeping an eye out for, and his takeaways from Disney's latest earnings. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: AaronP/Bauer-Griffin/GC Images

Christine Short, Vice President of Research at Wall Street Horizon shares her insights on the patchy data of late, observations on how consumers are spending and whether all of that will weigh down on business in the coming quarter. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: pixabay & its talented community of contributors

Brian Niccol, who has held the top position at Chipotle since 2018, will take the helm of Starbucks starting September. He will replace Laxman Narasimhan, whose relatively brief tenure began in March last year, when he took over from Howard Schultz and became the first chief executive to come from outside the company.  David Dietze, Managing Principal at Peapack Private weighs in on Starbuck's latest move, pressure on Boeing at the moment, and how inflation is driving market sentiments. He also shares insights on Scotiabank paying US$2.8 billion for minority stake in US regional bank KeyCorp. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: Stephen Brashear / AP / Starbucks / Boeing/Afp Via Getty Images

Suan Teck Kin, Head of Research & Executive Director at UOB shares his insights on the weakness and indicators pointing to weakening US economy, how severe a US recessionary story would look like, and whether it's a concern that consumers are tightening their purse strings down the value chain. He also shares his perspectives on the criticism surrounding the speed of upcoming rate cuts and how early we might see those cuts. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Photo credits: pixabay & its talented community of contributors 

Steve Lawrence, CIO, Balfour Capital Group shares his insights on the latest action in the markets including the huge stock swings following dips in the US stocks, fears of a recession, and what he is taking away from the guidance coming on the back of the earnings. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: pixabay & its talented community of contributors 

Chris Weston, Head Of Research at Pepperstone shares his insights on the turnaround following the worst dip in years, how he is approaching the markets in recent times given the volatility, movements in the semiconductor and high-tech space, as well as the Yen. Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: AP Photo/ Richard Drew

The Dow Jones Industrial Average just post its worst day in nearly two years, as worries over the health of the US economy sparked a global market sell-off. Both the blue-chip Dow and S&P 500 registered their biggest daily losses since September 2022.  The latest moves come as fears of a US recession sparked a global market meltdown, following a disappointing July jobs report. Michele Schneider, Chief Strategist at MarketGauge Group shares her insights on all the key movements in the US markets right now, including how concerned she is about the latest dips, whether investors should be looking at reducing their exposure and how best to navigate the turbulence, why energy and oil are on her radar, as well as the bitcoin sell-off Presented by: Ryan Huang Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: Andrew Kelly/Reuters

Nadine Terman, CEO & CIO, Solstein Capital shares her takeaways on the latest earnings revolving mega cap tech giants, Apple and Amazon, whether the economy is leaving elevated inflation blues behind, if she foresees debt further easing in 2025, and whether we'll be seeing further weakness in the US labour market moving forward. Presented by: Yeap Junrong Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: Andrew Kelly/Reuters

The Federal Reserve did not lower interest rates today, but its statement did tee up the possibility of a September cut. Federal Reserve Chair Jerome Powell laid the groundwork for a September move to lower interest rates but has left himself some room to divert if the data doesn’t go according to plan.  Frank Cappelleri, Founder and President, CappThesis shares his insights on the impending rate cut and the effects that might have on US equities. Presented by: Yeap Junrong Produced & Edited by: Yeo Kai Ting (ykaiting@sph.com.sg) Assistant Producer: Simone Chuah Photo credits: Andrew Kelly/Reuters