Biden’s Oil Fail, the Farnborough International Airshow, Big Bank Earnings. 7/18/22

As expected, President Biden’s trip to Saudi Arabia has failed to secure a pledge to boost oil production in order to help bring down inflation. Bjarne Schieldrop of SEB discusses the steps oil producers are taking in terms of supply. Plus, for the first time in four years, aviation and defense industry leaders are meeting in the U.K. for the Farnborough International Airshow. CNBC’s Phil Lebeau speaks with Raytheon Technologies CEO Greg Hayes about his expectations for travel demand. And, earnings season rolls on with Goldman Sachs and Bank of America set to report this morning. David Konrad of KBW gives his thoughts.