CNBC Daily Open: Inflation, earnings and the American consumer

Asian markets mixed
Japan's Nikkei 225 climbed 0.67% and the Topix was up 0.72% early Thursday. Hong Kong's Hang Seng Index dropped 0.95%, portion mainland Chinese indexes extended their losses. This comes aft losses connected large U.S. indexes overnight. The Dow Jones Industrial Average slipping 0.54% astatine the adjacent of commercialized connected Wednesday, portion the S&P 500 declined 0.7%, and the Nasdaq Composite shedding 1.17%. Markets are waiting for Thursday's July user terms scale report, which volition apt amusement that the gait of terms increases is easing — but not capable to get the Federal Reserve to retreat connected its ostentation fight.

"Blatant economical coercion"
China sharply rebuked President Joe Biden's enforcement order limiting U.S. concern successful exertion — but Beijing stopped abbreviated of issuing contiguous antagonistic measures. China's Foreign Ministry says the determination is "blatant economical coercion." Rather than an outright ban, the measures are aimed astatine limiting U.S. concern and expertise successful semiconductors and microelectronics, quantum computing and definite artificial quality capabilities successful China, Hong Kong and Macao.

Pricier Disney+
Disney shares roseate successful aft hours trading aft the institution pledged to raise the price on its ad-free streaming tier successful October and said it would crack down connected password sharing. At its net release, Disney reported subscriber losses continued implicit the past 3 months, declining 7.4% diminution from the erstwhile 4th — a larger nonaccomplishment than Wall Street expected. This contributed to a nett nonaccomplishment of $460 cardinal for the astir caller quarter from a nett income of $1.41 cardinal from a twelvemonth ago.

El Niño effects
Ongoing drought conditions person forced the managers of the Panama Canal to trim slots for carriers to publication passage. There are 154 vessels waiting for their turn, and the existent hold clip to transverse the large shipping gateway is present astir 21 days. Meanwhile, atom prices surged to their highest successful astir 12 years connected the backmost of India's atom export ban and adverse upwind conditions that could interaction production, said the United Nations' nutrient agency. The Food and Agriculture Organization All Rice Price Index for July roseate 19.7% from a twelvemonth agone to its highest nominal worth since September 2011. The sharpest increases successful terms came from Thailand.

[PRO] Trading the CPI numbers
As investors hold for the latest ostentation study and measurement the Federal Reserve's guardant path, JPMorgan's trading table laid retired five imaginable scenarios tied to however Wall Street mightiness respond, judging by the month-over-month increase.

What does the latest slew of net releases accidental astir American user behavior?

If U.S. airlines — sans fund bearer Southwest Airlines — are immoderate indication, Americans are inactive similar spending wealth connected experiences alternatively than shopping.

In fact, airlines and edifice chains successful caller weeks person reported a surge successful bookings and rising prices for planetary trips — at the disbursal of home destinations.

Theme parkland operators and restaurants are besides seeing bully traffic, though immoderate companies are pulling backmost connected perks arsenic they pursuit higher margins.

However, toymakers and section stores specified arsenic Macy's and Nordstrom are informing of tepid vacation spending. Retailers are resorting to promotional activities and markdowns — adjacent Amazon is seeing the request to hook consumers readying to commencement their vacation buying aboriginal by hosting a 2nd Prime Day-like income bonanza successful October.

Clearly, Americans are being precise cautious wherever and however they are spending their wealth successful an property of rising prices.