In today's episode of Catalysts, hosts Brian Sozzi and Brad Smith delve into the biggest developments across the retail sector, notable stock movements in Friday's trading, and the results of yesterday's UK election where the Labour Party achieved a landslide victory.

The show kicks off with major retail news: HBC, the parent company of Saks Fifth Avenue, has struck a deal to acquire luxury powerhouse Neiman Marcus. Sozzi and Smith explore the potential ramifications of this merger on the luxury retail landscape.

The focus then shifts to analyzing stock reactions of trending tickers. Notably, Tesla (TSLA) shares have surged by an impressive 20%, while Evercore ISI analysts maintain a bullish sentiment on Apple (AAPL).

In the wake of the Labour Party's big win over in Britain, Rabobank's head of FX strategy Jane Foley joins the show to discuss the implications of this political shift for the UK economy.

Pangaea Policy founder Terry Haines also comes on to discuss the greater political ramifications around the UK election and current doubts around President Biden's candidacy in his US reelection efforts.

This post was written by Angel Smith