Wall Street is keyed in on the banking sector today with earnings out from JPMorgan Chase & Co. (JPM), Citigroup (C), and Wells Fargo (WFC). June’s Consumer Price Index (CPI) declined 0.1% from May, indicating that inflation has cooled more than expected. As Wall Street digests June’s Producer Price Index (PPI) report, confidence grows in the Federal Reserve to initiate an interest rate cut in September.

Meanwhile, President Biden wrapped up the NATO summit on Thursday as his status in the 2024 presidential race is under the spotlight. The president reiterated that he will stay in the race despite fumbling in key speeches.

Yahoo Finance trending tickers include Tesla (TSLA), QuantumScape (QS), and Joby Aviation (JOBY).

Key guests include:
9:00 a.m. ET - Steve Sosnick, Interactive Brokers Chief Strategist
9:45 a.m. ET - Saul Martinez, Head of US Financials Research HSBC
10:00 a.m. ET - Mike Reynolds, VP of Investment Strategy at Glenmede
10:20 a.m. ET - Ron Jewsikow, Guggenheim Securities Director – Automotive Equity Research
11:00 a.m. ET - Bill Adams, Comerica Bank Chief Economist