Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Thanks for joining us on this Tuesday, July 8th. I'm Julie Morgan.

Samsung's profit warning, Dollar Tree's next chapter, and a blackout alert from the Energy Department.

Samsung Electronics said on Tuesday it expects second quarter operating profit to drop 56% from a year ago.

The decline comes as the company faces weakness in its chip business, partly due to U.S. trade restrictions on China.

Samsung expects operating profit for the April to June quarter to slump to 4.6 trillion

Korean one.

That's below the 6.359 trillion one estimate from FACCET.

It also marks Samsung's weakest result in six quarters down from 10.4 trillion one a year earlier and 6.7 trillion won in Q1 of

2025. Quarterly revenue is projected to stay flat at 74 trillion one. The stock traded nearly

unchanged on Korea's Caspi Index. Dollar Tree announced the completion of the previously announced sale of its

family dollar business to brigade capital management and Masellum capital management for an

aggregate base purchase price of $1.08 billion in cash subject to certain adjustments. Net proceeds from

the sale are estimated to total approximately $800 million.

The U.S. Department of Energy said on Monday that the massive deployment of wind and solar energy

expected by 2030 will not be enough to support the growing power demand expected by data centers

and artificial intelligence,

warning that power outages could double in five years if suppliers fail to add capacity

during peak demand. The DOE said in a new report that analyzes how much generation is scheduled

to retire and come online over the next five years that blackouts could

increase by 100% in 2030 if the U.S. continues to shutter reliable power sources. The report which

pointed to the Biden administration's green policies as a major reason for the retirement of power

...