Shares of Expedia Group (EXPE) are soaring this morning after posting its second quarter report, revealing it beat expectations on both the top and bottom line with an adjusted earnings per share of $3.51 against an expected $3.12. CEO Ariane Gorin issued a warning, however, saying in the release that "in July, we have seen a more challenging macro environment and a softening in travel demand." As a result, the company was adjusting its expectations for the rest of the year.

Morning Brief Anchors Brad Smith and Seana Smith break down Expedia's results.

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This post was written by Nicholas Jacobino