IAG fuels fleet with Boeing, Airbus buys
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Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Today is Friday, May 9th. I'm Julie Morgan. New jets for IAG, soft bookings for Expedia, and a global chill for Monster.

IAG, the parent company of British Airways and Spanish airline Iberia, announced orders for 53 Boeing and Airbus planes for its long-haul fleet, a day after the U.S. reached a new trade deal with the U.K. IAG is ordering 32 Boeing 787-10 aircraft for British Airways.

and 21 Airbus A330-900neo planes. The new planes, which will enable IAG's airlines to grow and replace their long-haul fleets with modern, fuel-efficient planes, will be delivered between 2028 and 2033. British Airways is also granted the rights to choose to buy up to 10 additional Boeing 787 aircraft,

while IAG can elect to purchase up to 13 additional Airbus planes. The new orders follow orders already placed in March for 12 Airbus planes for Iberia, two different models, and six Boeing 777-9s for British Airways. U.S. Commerce Secretary Howard Lutnick on Thursday said a British airline was preparing to buy $10 billion worth of Boeing aircraft, sending the aircraft maker's shares up 3.3%.

Pre-market Boeing is up another 0.2%.

Weighed down by foreign exchange headwinds, adverse weather and weaker alcohol segment sales, Monster Beverage reported a 2.3% year-over-year sales decline in Q1, falling $130 million short of Wall Street expectations and sending shares lower in pre-market trading. On an adjusted basis and excluding the company's alcohol brand segment,

Earnings per share increased by 10.2% to 47 cents and beat the consensus estimates by a penny. Excluding a 38% drop in sales in its alcohol brand segment, the company realized a 1.9% increase in sales. By region, sales outside the U.S. were down 1.5%, largely on unfavorable foreign exchange rates.

Expedia reported mixed results for the first quarter as weaker-than-expected U.S. demand resulted in just 6% growth in booked room nights and a 4% increase in total gross bookings. Shares are under pressure pre-market as a miss on revenue expectations weigh, thanks to increased sales in the company's B2B and Apple products.

advertising business, which offset sluggish demand for air travel, total revenue was up 3% to $2.99 billion, slightly below the consensus estimate of $3.01 billion. This contributed to a profit of $0.40 per share, nearly double from a year ago and $0.04 above expectations. Adjusted EBITDA was up 16% to $296 million.

By product, revenue generated on the travel platform by lodging increased 3%, but dropped 7% on airline bookings. This was offset by a 20% gain in advertising revenue. By geography, U.S. bookings on the site were up by just 2% compared to a 6% increase in non-U.S. bookings.

Now let's check out the trending articles that you can find on Seeking Alpha. Nvidia to downgrade H20 chips for China after U.S. export restrictions, according to a report. VanEck said if you're worried you missed the gold rally, don't be as it foresees further upside. And the Trump administration reportedly seeks tariff reductions and rare earths concessions in China talks.

Now for a look at the markets today ahead of the opening bell. Dow, S&P and Nasdaq futures are in the green. Crude oil is up 1.8% at $61 a barrel. Bitcoin is down 0.5% at $102,000.

Gold is up 0.3% at $3,325. In the world markets, the FTSE 100 is up 0.5% and the DAX is up 0.7%. Pinterest is on our list of the biggest movers of the day pre-market. Penn's is up 14% after the company beat Q1 expectations with revenue up 16% and global MAUs rising 10%.

Lots of Fed speak on today's economic calendar. At 8.30 a.m., the Fed's Thomas Barkin will participate in a fireside chat before the Loudoun County Chamber of Commerce. At 11.30 a.m., the Fed's John Williams will speak on Taylor rules and policy before the Hoover Monetary Policy Conference.

And we have more coming up before the Hoover Monetary Policy Conference. That includes the feds Lisa Cook, Beth Hammack, and Alberto Musalem. They're all scheduled to participate at 7.45 p.m. in a monetary policy panel before the Hoover Monetary Policy Conference.

That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.