Morning Brief
Markets eye Powell at Jackson Hole as retail earnings and Novo Nordisk rally
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Show notes
Stock futures hover near record highs ahead of Fed Chair Powell’s final Jackson Hole speech, with investors betting on a September rate cut. Retail earnings from Walmart (WMT), Target (TGT), and Lowe’s (LOW) are in focus, while Novo Nordisk (NVO) surges on expanded drug approval. Soho House (MCG) also announces a $2.7B go-private deal.
Takeaways:
Powell’s last Jackson Hole speech could set the stage for a September rate cut
Markets remain resilient with tech and Q2 earnings fueling record highs
Walmart, Target, and Lowe’s headline a big week for retail earnings
Novo Nordisk gains FDA approval for Wegovy in liver disease, boosting stock
Soho House to go private in $2.7B deal with Ashton Kutcher joining the board
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