Stocks @night is a daily newsletter offering insights outside standard business hours, focusing on both today’s developments and expectations for tomorrow. Here’s a summary of what CNBC TV producers noted on Monday, along with what to watch for in Tuesday’s trading session: The CEO’s circle will appear on “Scoebox” at 6 a.m., featuring Joe Kernell and Andrew Ross Sorkin. The digital and Crypto Fintech company, which went public in early June, saw its stock, Circle Internet, surge by 420%. There’s also mention of St. Louis Federal Reserve President James Bullard as a potential candidate for the chair of the central bank. He will be featured on “Squawk Box” live from 8 a.m. Big Data will highlight inflation figures at 8:30 a.m. on Tuesday, with expectations of a 0.2% monthly increase and a 2.8% rise compared to last year. Recent stats show the Ministry of Finance recorded a 4.279% rate in 2010; it was 3.766% two years ago and is currently sitting at 3.936% annually. Over the last six months, it generated 4.121%, and in the past three months, it produced 4.258%, with a 4.346% monthly average. The Fidelity Corporate Bond ETF (FCOR) has a dividend yield of 4.43% as of tonight, while the SPDR Bloomberg High Yield Bond ETF (JNK) offers a 6.6% yield.
CoreWeave’s numbers and market reactions will be discussed by Morgan Brennan and Jon Fortt on “Closing Bell Overtime.” They report an inventory growth of 172% over the last three months, with an IPO launched on March 28 that has led to a total inventory increase of 250%. Later, CNBC’s Airline Reporter Phil Lebeau will present Boeing’s July Orders and Delivery Numbers at 11 a.m. ET. Boeing shares have increased by 7% since July 29 and remained flat last month. Meanwhile, there’s news on potential changes in the cannabis sector under the Trump administration, which seems to be considering shifts that could be beneficial for the industry. CNBC contributor Tim Seymour, a cannabis market analyst, noted during “Worldwide Exchange” that these changes could “open a lot of doors.” Brands like Tilray have seen a 42% increase today and are up 53% from their highest last year. Other companies, like Trulieve, rose by 38% today, while Canopy Growth climbed 26%, up 78% from last year’s peaks. Seymour’s ETF, CNBS, also jumped 28% today, marking a 50% rise since October’s highs.
In international trade news, President Trump has postponed tariffs for another 90 days amid ongoing trade discussions. The iShares MSCI China ETF (MCHI) has gained 5% in the last month, with a 3.3% rise since October’s highs. Similarly, the iShares China Large-Cap ETF (FXI) increased by 7% over the past three months, and the Kraneshares CSI China Internet ETF (KWEB) saw a 5% rise in one month. On commodities, Trump mentioned there would be no tariffs on gold. The VanEck Gold Miners ETF (GDX) dipped slightly today but is up 5% for the week after a higher valuation last week. Gold has risen by 7% since the tariff announcements from the White House in early April.
Additionally, Sinclair Broadcast Group is reportedly exploring strategic alternatives following news that Nexstar Media Group is negotiating to acquire Tegna. Sinclair’s stock rose by 27% in after-hours trading, despite a 6% drop to date, while Tegna climbed by 30% today, and Nexstar’s shares increased by 4%, with an annual rise of 23%. On that note, good night and best of luck out there.
