Ban talk lifts networking names
Summary
Julie Morgan reports on a potential U.S. ban on Chinese optical transceivers, boosting networking stocks like Lumentum and Coherent. Snap and Palantir surged after beating earnings estimates, while McDonald’s shares rose despite missing sales guidance. Economic data showed a slight dip in factory orders and job openings. Finally, Apollo’s chief economist warns that the traditional 60-40 portfolio is losing effectiveness due to AI concentration and fiscal pressures.
Topics discussed
Introduction to Wall Street Lunch
Trump admin drafts ban on Chinese optical transceivers
Snap and Palantir earnings beat estimates
U.S. factory orders and job openings data
CoreCivic wins ICE contract for Minnesota facility
McDonald's Q2 earnings and sales results
Apollo economist on 60-40 portfolio risks
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