Buying Beaten-Down Tech, Investing in Iraqi Energy, Interview with Phoenix Mayor 7/17/26

Stocks fell again on Friday, with Wall Street on track for a weekly decline, as traders weighed the latest moves in semiconductors along with the latest quarterly reports. Contessa Brewer and Frank Holland are joined by Interactive Brokers’ Steve Sosnick and Albion Financial’s Jason Ware to break down the latest retail trading trends amid the recent semiconductor slide on Wall Street. Brian Sullivan phones in on the CNBC news line to report on the latest global energy headlines as several U.S. companies announce multi-billion-dollar investments in restoring Iraqi oil fields to reduce the reliance on Iranian infrastructure. Meanwhile, Phoenix Mayor Kate Gallego sits down with the anchors to discuss Taiwan Semiconductor’s plans to spend an additional $100 billion to expand its operations in Arizona.