Big Tech expectations, central bank meetings, P&G results: Morning Brief

On Tuesday's episode of the Morning Brief, hosts Brad Smith and Seana Smith break down the morning's top stories, from Big Tech earnings to trending tickers.

Tech giants Microsoft (MSFT) and AMD (AMD) are scheduled to release their quarterly earnings after the market closes on Tuesday. Yahoo Finance tech editor Dan Howley analyzes investor expectations for these reports. AI developments are projected to increase demand for some Big Tech names: "The cloud providers, including Microsoft (MSFT), of course, will probably see demand for their cloud go up thanks to AI," explains Ali Mogharabi, WestEnd Capital Management's senior equity analyst. PayPal (PYPL) is also drawing investor attention after reporting second quarter earnings that beat expectations on both revenue and profit.

Central banks around the world, including the Bank of Japan and the Bank of England, are gathering for policy meetings. The Federal Reserve begins its two-day meeting today, where it will decide whether to hike, cut, or maintain current interest rates. While many investors are hoping for an interest rate cut by the central bank, Yahoo Finance Fed reporter Jennifer Schonberger breaks down what to expect from the meeting.

In the airline sector, Delta is still dealing with the CrowdStrike fallout and is considering legal action, according to CNBC reports. Meanwhile, JetBlue reported second quarter earnings that beat expectations on both revenue and profit. However, Citi managing director Steve Trent explains that "the devil's gonna be in the details" for the airline moving forward, particularly in terms of cost savings and revenue.

This article was written by Gabriel Roy