Big tech boosting the major indices after strong reports out of Meta and Microsoft overnight: Carl Quintanilla, Sara Eisen, and David Faber broke down the numbers with some of the street’s top analysts, while also looking ahead to Amazon and Apple earnings tonight. Why Jefferies calls Microsoft their Top Pick here, and more with one Rosenblatt analyst who says Apple’s earnings will be a ‘write-off’ quarter, with the true cost of tariffs to come later. Plus: the latest on Tesla, amid reports that their board contemplated replacing CEO Elon Musk (and fresh news on the autos front out of GM and Ford).
Also in focus: McDonalds reporting its biggest U.S. same-store sales decline in 5 years – but Evercore says to buy the dip here… And more on the tariff pressure facing consumers and businesses with the President and CEO of the Chamber of Commerce, in a wide-ranging interview this hour.
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