JPMorgan, Citi, and Wells Fargo kick off second quarter earnings season. Argus Research's Stephen Biggar tees up the results. Plus, President Biden is remaining defiant in his fight to keep his campaign afloat. Raymond James' Ed Mills explains. And, the prospect for rate cuts could be a boon for fixed income investors. Goldman Sachs Asset Management's Gurpreet Garewal discusses.

Today's CPI report is expected to show a slight increase in headline inflation on a monthly basis. Bank of America's Aditya Bhave gives his forecast. Plus, Oppenheimer is out with its Best Smidcap Ideas list. Jed Kelly makes the case for Genius Sports. And, sticky inflation may be taking too big a toll on consumer spending. Compass Diversified CEO Elias Sabo explains what his business is seeing.

Fed Chair Jay Powell says keeping rates restrictive for too long poses a risk to the labor market. Blanke Schein Wealth Management's Robert Schein and Payne Capital Management's Courtney Garcia dive into the impact on the markets. Plus, the AI trade continues to drive the S&P 500 and Nasdaq to record highs. Citi's Drew Pettit recommends alternative names to hedge against the exponential growth rates. And, it's not just the U.S. – Japan's stock market is experiencing a rally of its own. Neuberger Berman's Kei Okamura discusses.