Meta’s Roaring Revenue, a Level One Weather Emergency, and the Restaurant Trade 7/27/23

Meta shares are popping after the company reported an 11% increase in revenue. Cleo Capital’s Sarah Kunst breaks down the results. Plus, PJM Interconnection has declared a Level 1 emergency ahead of what’s expected to be this summer’s first major northeastern heatwave. Keybanc’ Sophie Karp explains the impact on utility stocks. And, McDonald’s reports earnings today following Chipotle’s mixed quarter, where it warned of cost pressures ahead. Bank of America’s Sara Senatore discusses the restaurant sector.