Episodes
The economy is in focus, with Wolfe Research chief economist Stephanie Roth weighing in on the hotter-than-expected October PPI data and its implications for the broader economy and Federal Reserve. Simplify Asset Management chief investment strategist Michael Green then analyzes the inflation impact of Trump's proposed tariff and deportation policies. Bitcoin (BTC-USD) is on the rise. The cryptocurrency has soared since President-elect Trump won his second term in office, briefly touching...
Published 11/14/24
Published 11/14/24
The US Bureau of Labor Statistics released its Consumer Price Index (CPI) report for October, which saw inflation rising in line with economist expectations.  Takeaways: October's Consumer Price Index (CPI) report saw prices rise 0.2% month-over-month and 2.6% annually, in line with economist forecasts. The core inflation reading — which excludes food and energy prices — rose 0.3% monthly and 3.3% year-over-year, which were also in line with estimates. Bitcoin (BTC-USD) continues to rally,...
Published 11/13/24
It's been an eventful week for stocks, from Donald Trump's reelection in the 2024 presidential race to the Federal Reserve's latest interest rate cut. Takeaways: The Federal Reserve cut interest rates by 25 basis points on Thursday, while Fed Chair Jerome Powell said another rate cut in December is a possibility in a press conference that followed the announcement. Powell went on to say that President-Elect Donald Trump is "not permitted under the law" to remove him from his position at the...
Published 11/08/24
US stocks are still humming to a positive tune following Donald Trump's 2024 re-election earlier this week. Next on the market's docket is the Federal Reserve's latest interest rate decision to come at the conclusion of the central bank's November policy meeting later today. Takeaways: US stock futures (ES=F, NQ=F, YM=F) maintain their record highs post-election as the Federal Reserve is set to announce its interest rate decision for November later today. Shares of rideshare platform Lyft...
Published 11/07/24
Former President Donald Trump is headed back to the White House and Wall Street is celebrating. Stocks (^DJI,^GSPC, ^IXIC), bitcoin (BTC-USD), and the US dollar (DX-Y.NYB) surged on the news. Takeaways: US stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) roar to life Wednesday morning after former President Donald Trump was named the winner of the 2024 presidential election. Shares of Tesla (TSLA) and Trump Media & Technology Group (DJT, DJTWW) are also soaring...
Published 11/06/24
While traders are making their way to the exchange floor, American voters are heading out to vote in the 2024 presidential election. Takeaways: Stock futures (ES=F, NQ=F, YM=F) tip above their flatlines Tuesday morning as US voters take part in the 2024 presidential election and head to the polls today. Wall Street is paying attention to key assets, including gold (GC=F), bitcoin (BTC-USD), and 10-year Treasury yields (^TNX). Boeing (BA) workers have voted in approval of the latest contract...
Published 11/05/24
Traders are asking for that double shot of espresso ahead of this major week for markets — the US presidential election and the Federal Reserve's November meeting. Seana Smith and Brad Smith help investors prepare for the big week ahead by covering today's top market stories. TAKEAWAYS US stock futures (ES=F, NQ=F, YM=F) hover near their flatlines while Treasury yields (^TYX, ^TNX, ^FVX) decline Monday morning. Investors are bracing for market volatility to come ahead of tomorrow's big...
Published 11/04/24
It's the first Friday of the month, so you know what that means — Jobs Day. The US Bureau of Labor Statistics reported that 12,000 jobs were added to the US economy in October, well below economist forecasts of 100,000 nonfarm payrolls due. These labor figures and the data collection process have been heavily impacted by recent Hurricanes Milton and Helene, as well as ongoing labor strikes. Takeaways US stock futures (ES=F, NQ=F, YM=F) are moving higher on the back of the October jobs report...
Published 11/01/24
The earnings and economic data just keep rolling out this week as Wall Street reacts to Microsoft (MSFT) and Meta Platforms' (META) latest earnings results alongside this morning's Personal Consumption Expenditures (PCE) index for September. Takeaways US stock futures (ES=F, NQ=F, YM=F) move lower this morning after Microsoft (MSFT) and Meta Platforms (META) released their respective earnings results yesterday. The next Big Tech stocks Wall Street is eyeing are Amazon (AMZN), Apple (AAPL),...
Published 10/31/24
Today's Morning Brief starts with a discussion of the newly reported US GDP data for the third quarter, which showed the economy grow by an annualized rate of 2.8%. The program then covers a range of trending tickers, offering updates on companies such as Volkswagen (VOW3.DE), Visa (V), Eli Lilly (LLY), Kraft Heinz (KHC), Snap (SNAP), and Reddit (RDDT). Takeaways: Google-parent Alphabet (GOOG, GOOGL) and chip giant Advanced Micro Devices (AMD) both reported their respective earnings results...
Published 10/30/24
The show provides company updates and stock reactions for several notable names, including JetBlue Airways (JBLU), homebuilder D.R. Horton (DHI), Apple (AAPL), Boeing (BA), and VF Corp (VFP.MU). Takeaways: Alphabet (GOOG, GOOGL) and Advanced Micro Devices (AMD) are scheduled to report their third quarter earnings results after Tuesday's market close McDonald's (MCD) is out with its latest earnings print this morning, topping estimates on its top and bottom lines. The fast-food chain's US...
Published 10/29/24
Alphabet (GOOG, GOOGL), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta (META) all report earnings this week. The Job Openings and Labor Turnover Survey (JOLTS) and ADP private payroll data will also give Wall Street a fresh read on the labor market this week. Takeaways Stock futures (ES=F, NQ=F, YM=F) are up Monday morning in anticipation of this week's earnings for Magnificent Seven tech names. The US Bureau of Labor Statistics is set to publish the October jobs report this...
Published 10/28/24
Spirit Airlines (SAVE) stock soars after the budget airline announced a cost-cutting plan that includes layoffs and selling 23 of its Airbus (AIR.PA) planes valued at over $500 million. Centene (CNC), Microsoft (MSFT), and Colgate-Palmolive (CL) were among the top stocks on Yahoo Finance's trending ticker platform. Takeaways: US stock futures (ES=F, NQ=F, YM=F) are buzzing this morning in anticipation of next week's Big Tech earnings. Tesla (TSLA) shares are taking a dip in Friday's...
Published 10/25/24
Tesla (TSLA) added about $80 billion to its market cap after beating earnings-per-share estimates and announcing it expects to roll out autonomous ride-hailing in California and Texas in 2025. The news sent shares of ride-hailing apps Uber (UBER) and Lyft (LYFT) under pressure. Takeaways: US stock futures (ES=F, NQ=F, YM=F) are abuzz this morning after EV maker Tesla (TSLA) reported mixed third quarter earnings results after the closing bell on Wednesday. Tesla shares have been soaring in...
Published 10/24/24
It's already Wednesday, but the market still has a long way to go until the weekend as earnings season resumes with Tesla (TSLA) reporting third quarter results after today's closing bell. Other top trending stocks on the Yahoo Finance platform include Hilton Worldwide Holdings (HLT), Apple (AAPL), Coca-Cola (KO), AT&T (T), Frontier Group Holdings (ULCC), and Spirit Airlines (SAVE). Takeaways: The first of the Magnificent Seven to step up to bat this earnings season, EV giant Tesla...
Published 10/23/24
It's another busy week this earnings season as General Motors (GM) posted a third quarter earnings beat this morning, with Tesla (TSLA) set to release its quarterly results on Wednesday. Takeaways: The 10-year Treasury yield touches 4.2% as the global bond market (^TYX, ^TNX, ^FVX) experiences a sell-off. US stock futures (ES=F, NQ=F, YM=F) move lower in Tuesday's pre-market trading after Citi warns about S&P 500 (^GSPC) equity exposures. American automaker General Motors (GM) topped...
Published 10/22/24
All three major market indexes (^DJI, ^IXIC, ^GSPC) open lower to start the week, while Treasury yields (^TYX, ^TNX, ^FVX) edge higher. Disney (DIS) announced it will name CEO Bob Iger's replacement in early 2026. Takeaways Electric vehicle manufacturer Tesla (TSLA) will kick off earnings season for Big Tech's Magnificent Seven, reporting its third quarter results on Wednesday, October 23. Investors will be closely watching Tesla's vehicle production figures and guidance after being...
Published 10/21/24
The tech sector is getting a boost higher Thursday morning after Taiwan Semiconductor Manufacturing Company (TSM) topped third quarter earnings results and raised its 2025 sales guidance. Takeaways: US retail sales rose 0.4% month-over-month in September, above estimates of 0.3%, while initial jobless claims came out below expectations. US Secretary of the Treasury Janet Yellen is currently warning that former President Donald Trump's proposed tariffs will exacerbate inflation. US stock...
Published 10/17/24
Top Wall Street executives are viewing the Federal Reserve's interest rate cutting cycle as a boon for US economic activity. Top trending stocks on the Yahoo Finance platform include Abbot Laboratories (ABT), Qualcomm (QCOM) and Intel (INTC), J.B. Hunt Transportation Services (JBHT), L'Oréal (OR.PA), and Cisco Systems (CSCO). TAKEAWAYS A $420 billion sell-off in chip stocks rocks the global AI semiconductor sector. US stock futures climb following strong results from Morgan Stanley, the...
Published 10/16/24
Top earnings this morning include major banks Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C), as well as health giants Johnson & Johnson (JNJ), UnitedHealth Group (UNH), and Walgreens Boots Alliance (WBA). Takeaways US stock futures (ES=F, NQ=F, YM=F) are flat Tuesday morning coming off the Dow Jones Industrial Average (^DJI) and S&P 500's (^GSPC) record highs. Semiconductor titan Nvidia (NVDA) saw its stock run up to a record high in Monday's session, now dipping in...
Published 10/15/24
It's a whole new trading week, but it's the same, reliable team that helps investors start their mornings off right. Companies like Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Netflix (NFLX) are due to report earnings. US stock futures (ES=F, NQ=F, YM=F) are paying extra close attention to China's economic stimulus plan. Boeing (BA) shares dip further in Monday's pre-market session after the aircraft manufacturer announced last Friday that it will cut 17,000 jobs, equal to...
Published 10/14/24
The Producer Price Index (PPI) cooled month-over-month in September, holding steady while economists expected a 0.1% increase in prices. The inflation indicator did see gains of 1.8% year-over-year, above estimates for 1.6%. This all comes as the Federal Reserve considers whether to push through additional interest rate cuts at its November meeting or hold rates where they are, Earnings season is all about the banks, as JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC) reported their...
Published 10/11/24
The latest Consumer Price Index (CPI) report shows prices rose 0.2% in September, which was more than the 0.1% Bloomberg consensus estimate. Year over year, prices rose 2.4% versus the 2.3% estimate. When stripping out the more volatile food and energy components, prices rose 0.3% month over month and 3.3% year over year, both higher than economists were expecting. Delta Air Lines (DAL) is out with its third quarter earnings, its profits of $1.50 per share an $14.59 billion in revenue...
Published 10/10/24
US stocks (^DJI, ^IXIC, ^GSPC) hover around their flatlines — all flirting with negative territory — at the top of Wednesday's trading session. Big Tech is in focus as the Department of Justice is considering a historic breakup of Google (GOOG, GOOGL) after a judge determined the company holds an illegal monopoly over the search engine market. Another stock in focus is Boeing (BA) with the aviation giant withdrawing its latest offer to striking machinists, declaring “further negotiations do...
Published 10/09/24