1. Price pressure
People shop for groceries at a Wegmans store in Brooklyn, New York City, July 13, 2026.
Spencer Pratt | Getty Images
The consumer price index for July is scheduled to be released this morning. A modest monthly report could justify the Fed not raising rates in the near term.
Here’s what you need to know:
2. Key questions
A young boy peeks out from under a voting booth as his mother marks a ballot during the state’s primary election to choose candidates for the November midterm elections in Cary, North Carolina, U.S., March 3, 2026.
Jonathan Drake | Reuters
Yesterday was another great night for primaries. In the Democratic Party, progressives and moderates faced off in races in Wisconsin and Minnesota.
As CNBC’s Davis Giangiulio reports, a big question facing states this election season is whether betting on elections through prediction markets is legal. Nearly 20 states have laws prohibiting betting on elections, but many are unsure whether their laws include trading under event contracts.
This involves a wide-ranging battle between states and the federal government over whether prediction market platforms are considered a form of gambling. While TIFF has historically been tied to sports-related contracts, legal experts said issues surrounding the election could spark new debate over states’ rights to regulation.
3. Core business
Michael Intrater, co-founder and CEO of CoreWeave, speaks to CNBC on the floor of the New York Stock Exchange (NYSE) on February 27, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
coreweave‘s second-quarter revenue exceeded Wall Street consensus, more than doubling from the year-ago period. Investors pushed the stock up 14% in extended trading.
Artificial intelligence cloud provider Anthropic and meta during the quarter. The company is competing with big tech giants to open data centers, but it’s not making money like other companies.
CoreWeave CEO Michael Intrator will appear on CNBC’s “Squawk on the Street” at 9 a.m. ET. Watch live on CNBC or CNBC+.
4. Power play
A CME Group sign above the trading pit of the former Chicago Board of Trade (CBOT) on Thursday, November 13, 2025 in Chicago, Illinois, USA.
Christopher Dilts | Bloomberg | Getty Images
Computing power appears to be a new tradable asset class. As CNBC’s Yun Lee reports, CME Group plans to launch its first futures contract tied to the cost of running an AI chip.
CME is working with Silicon Data to launch two computing futures contracts in early October, subject to regulatory approval. This will allow investors to trade AI computing power in the same way they trade commodities such as oil.
Subsequently Nvidiaannounced a deal Monday to provide financing to customers. Despite rising in early trading yesterday, Nvidia stock ended in a small deficit.
5. Lead time
Home for sale in Arlington, VA on July 13, 2023.
Saul Loeb | AFP | Getty Images
Homebuyers expecting prices to fall may want to wait a little longer. invitation housing Chief executive Dallas Tanner said yesterday that housing legislation enacted last month could ease price pressures, but that was unlikely to happen soon.
Tanner told CNBC’s Diana Orrick that the bill “absolutely” should lead to medium- to long-term cost savings. But an executive at the nation’s largest single-family rental landlord said it’s “a little difficult” given the possibility of an overnight drop.
Specifically, Tanner cited fluctuations in mortgage rates and rising construction costs as factors that could slow the pace of change. He said 90% of the bill focuses on deregulation and simplifying the process of bringing capital into the sector.
daily dividend
Credit card debt rose to near an all-time high in the second quarter, according to a New York Fed report released yesterday. The big numbers are:
Aggregate balance: $1.26 trillion QoQ increase: 1.7%
—CNBC’s Jeff Cox, Ananya Chetia, Sean Conlon, Garrett Downs, Davis Giangiulio, Jordan Novelt, Yun Li, Diana Olick and Jessica Dicker contributed to this report.
Zoe Pearce edited this version.
