In The Breakfast Brief,  we discuss big report earnings due out from PepsiCo, Delta Air Lines, and Taiwan Semiconductor. In the retail sector, Amazon Prime Day will be competing to dominate online sales while in China, jitters over fresh Covid-19 curbs might stall market recovery which will set the pace for the monetary and fiscal stimulus for the rest of the year. In view of the Russian's nationalisation of the Sakhalin-2 gas project, the U.S., Japan, India and Australia will meet to discuss their energy security in a two-day Sydney Energy Forum. In line with that, Biden will be making a visit to the Middle-East in hopes of pressuring Saudi Arabia to pump more oil to ease the rising fuel prices despite his campaign promise to ostracize the kingdom, following the 2018 murder of Washington Post journalist Jamal Khashoggi.