CNBC Daily Open: The long-awaited recession might not arrive

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This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . Waiting for earnings U.S. stocks made slight gains Monday, but trading volume was lower than average as investors braced for second-quarter earning. European markets, on the other hand, fell. The regional Stoxx 600 index declined 0.6% as most sectors and bourses in the region fell. Separating the wheat from the people Russia terminated the Black Sea Grain Initiative, which allowed Ukraine to export food and fertilizers from three Ukrainian ports, hours before the agreement expired. The prices of wheat, corn and soybean all rose on the news. U.N. Secretary-General Antonio Guterres previously described the deal as "indispensable" to global food security. Merger bonanza Warren Buffett's Berkshire Hathaway reduced its stake in Activision Blizzard from 6.7% last year to 1.9% yesterday, according to a securities filing released Monday. The news comes as Microsoft inches closer to completing its $68.7 billion acquisition of Activision. Buffett previously revealed Berkshire added to its initial Activision stake in a bet the deal would close and cause shares to rise. Unraveling the Thread Meta's Threads, its rival to Twitter, launched to great excitement. But not everyone is thrilled. House Judiciary Chair Jim Jordan has asked Meta CEO Mark Zuckerberg to hand over documents about content moderation on Threads, according to a letter obtained exclusively by CNBC. The request is related to an ongoing investigation of technology platform's policies. [PRO] The S&P 5,400 Ed Yardeni, president of Yardeni Research and previously chief investment strategist at various financial institutions, thinks the S&P 500 could go on an extended bull run and hit a record high of 5,400 within the next 18 months. Here's why the market veteran is so optimistic.