Amazon released its chatbot shopping assistant; Mango's generated its new ads with AI; Freight Technologies moved into maritime and more...

The most recent Producer Price Index (PPI) data came out hotter than expected, showing a 0.2% month-over-month rise in prices, coming above expectations of only 0.1%. Alongside that, June's Consumer Price Index (CPI) data revealed a slowing in inflation, with a 0.1% drop month-over-month. According to multiple data points, inflation has been cooling, prices of goods have been dropping, rent inflation is improving, and cars are even getting cheaper. Yahoo Finance senior columnist Rick Newman joins Wealth! to break down some signs that suggest that the United States' inflationary period could soon come to an end. More Democrats have called for US President Joe Biden to step down as the Democratic candidate in the 2024 presidential election. While the election season is heating up, markets have not seemed to react to the polls. Yahoo Finance senior reporters Julie Hyman and Rick Newman joined to discuss historical trends in the market volatility index (^VIX) surrounding an election year, the general around both Biden's and Trump's candidacy for president, and how the 2024 election cycle may — or may not — affect broader equity markets (^DJI, ^IXIC, ^GSPC). Friday's release of Big Bank earnings has revealed a somber picture of consumer credit health. While there's been a slight dip in credit card delinquencies, the year-over-year figures show an increase in missed and late payments. Martin Lynch from the Financial Counseling Association of America joins Wealth! to help consumers prevent delinquencies. According to recent Freddie Mac data, mortgage rates are on a downward trend, hovering just below 7%. To provide insights on this development and its implications for the housing market, William Raveis Mortgage regional vice president Melissa Cohn joins the show to give insight into the housing market and why it may be time to buy a home. Traders are anxiously awaiting SEC approval for the first spot ether ETFs after spot bitcoin ETFs debuted at the beginning of 2024. For more expert insight and the latest market action, click here...