Investors eye Nvidia, Red Lobster bankruptcy: Catalysts
On today's episode of Catalysts, anchors Seana Smith and Madison Mills cover everything from AI to banks to Wrangler jeans. Ahead of the highly anticipated Nvidia (NVDA) earnings, former White House CHIPS Coordinator Aaron "Ronnie" Chatterji joins the show to dissect the impact of the Biden Administration's CHIPS Act on the semiconductor giant's operations and performance. The episode also features company updates on prominent players across various sectors. JPMorgan Chase & Co. (JPM) has raised its full-year guidance for net interest income, Micron Technology (MU) is in the spotlight after receiving an upgrade from Morgan Stanley, and Red Lobster has filed for bankruptcy. Kontoor Brands (KTB) CEO Scott Baxter joins the program to discuss how the parent company of Wrangler is navigating the current consumer landscape amid high inflation, which is straining household wallets. Baxter explains that their success stems from the fact that "the consumer right now is gonna go ahead and buy the things that they need." Furthermore, Priceline CEO Brett Keller joins the show to share his insights on consumer travel spending trends as the highly anticipated summer season approaches. This post was written by Angel Smith
