Welcome to Seeking Alpha's Wall Street Breakfast, your daily source of market news and analysis.

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Good morning. Today is Tuesday, August 2nd,

and I'm your host Julie Morgan.

Our top stories.

Asia and Twitter and later, Amazon, Oracle, the SEC, Yum, N Meta.

Wall Street began August with a choppy session on Monday.

Stocks bounced around during the day with the major U.S. equity averages spending time on either side of the unchanged

mark. The market eventually ended lower. Seven of the 11 S&P sectors finished the day lower.

Energy led the retreat hurt by a pullback in oil prices.

Financials, real estate, and materials all edge lower as well. Looking at the

bond market, the US 10-year Treasury yield dip 5 basis points to 2.59 percent.

Meanwhile, the U.S. 2-year Treasury yield was basically flat at 2.89 percent.

In the earnings spotlight today, BP, Marathon Petroleum, Caterpillar, Jet Blue Airways,

Uber, Starbucks, PayPal, AMD, Gilead Sciences, and Air B&B.

In our day watch, Revlon popped almost 90%

after a bankruptcy court allowed the makeup company to move ahead with a 1.4 billion dollar loan.

The cash is meant to help the firm continue operations while it makes its way through Chapter

11.

On the news the heavily shorted stock jumped $4 to close at $8.49.

E. V.O. Payments jumped on news that it has agreed to be acquired by global payments,

sparking a 23% advance on the day.

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