Morning Brief

By Yahoo FinanceBusiness News Investing Business News

Morning Brief episodes

October 16, 2024AI chip selloff, Morgan Stanley bets expectations, LVMH plunges
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 bank pushes higher after its third quarter numbers beat across the board.
Luxury giant LVMH plunged after its earnings report showed a slowdown in its Chinese consumer. Sales fell the most since the pandemic, wiping 150 billion Euros from its market cap. The numbers also show weakness in the company's second-largest market, the U.S.

Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
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Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

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52 min
October 15, 2024Bank earnings, Nvidia record high, oil prices sink
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 pre-market on Bloomberg reports that the Biden administration could cap AI chip sales to select countries.
Lastly, crude oil prices (CL=F, BZ=F) slump lower on news that Israel will not target Iran's production operations as geopolitical conflicts escalate, according to the Washington Post.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

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53 min
October 14, 2024China stimulus, Boeing layoffs, new Nike CEO
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 10% of its global workforce. The International Association of Machinists and Aerospace Workers' (IAM) ongoing strike has gone on for over a month.
Former Nike (NKE) executive Elliott Hill will assume the mantle of CEO and president for the athletic apparel brand on Monday.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

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51 min
October 11, 2024September PPI, Big Bank earnings, Tesla Cybercab
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 third quarter earnings results, the former of which topped estimates while seeing profits fall by 2% year-over-year.\
Tesla (TSLA) CEO Elon Musk unveiled the EV maker's Cybercab at the company's Robotaxi Day last night, currently being priced at $30,000.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

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53 min
October 10, 2024September CPI, Delta earnings, Tesla Robotaxi Day
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 falling short of Wall Street estimates. Delta CEO Ed Bastian cited the CrowdStrike (CRWD) IT outage that impacted global operations in an interview with Yahoo Finance.
Tesla (TSLA) is set to kick off its Robotaxi Day event Thursday night, where CEO Elon Musk will divulge more about the EV maker's vision for an autonomous driving service.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

Learn more about your ad choices. Visit megaphone.fm/adchoices
1 hr 20 min
October 09, 2024DOJ considers Google breakup, Boeing withdraws offer
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 not make sense at this point."
Taiwan Semiconductor Manufacturing Company (TSM) shares reacting to its better-than-anticipated sales figures that may send a positive signal throughout the artificial intelligence chip space. Palantir (PLTR), WW International (WW), and Robinhood (HOOD) are among the stocks that investors are most interested in, per Yahoo Finance's trending ticker platform.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

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53 min
October 08, 2024Stock futures, Hurricane Milton, PepsiCo earnings
Geopolitical tensions continue to escalate in the Middle East, driving oil prices (CL=F, BZ=F) higher as investors consider the potential for supply disruptions.
Stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) move higher Tuesday morning as markets look to Thursday's Consumer Price Index (CPI) reading.
Hurricane Milton — which has been raised to a Category 5 storm — nears its landfall with Florida as residents prepare for the storm; insurance stocks have fallen while shares of generator manufacturer Generac (GNRC) have soared this week so far.
Lastly, soft drink and snack giant PepsiCo (PEP) released mixed third quarter earnings results and revised its North American sales outlook for 2024.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

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53 min
October 07, 2024Stock futures moves, Middle East, Tesla robotaxi
Pfizer (PFE) shares are higher this morning following a Wall Street Journal report that activist investment firm Starboard Value has taken a $1 billion stake in the pharmaceutical company. Starboard has reportedly approached two former executives to help with their efforts.
Stock futures (ES=F, NQ=F, YM=F) are sliding Monday morning following Friday's market rally fueled by the September jobs report, while Treasury yields (^TYX, ^TNX, ^FVX) inch higher.
Oil prices (CL=F, BZ=F) rise as tensions in the Middle East escalate. Today marks the one-year anniversary of Hamas' attack on Israel on October 7, 2023.
Tesla (TSLA) CEO Elon Musk will unveil details about the EV maker's robotaxi plans at an event on Thursday, October 10.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

Learn more about your ad choices. Visit megaphone.fm/adchoices
54 min
October 04, 2024September Jobs Report, Spirit Airlines tumbles, US dockworkers strike update
The highly-anticipated employment report for September showed the US added 254,000 jobs in the month. Economists expectations were for 150,000 jobs were added, based on estimates compiled by Bloomberg. The unemployment rate ticked lower to 4.1% The report calls into question what comes next from the Federal Reserve as its focus shifts from fighting inflation to keeping employment strong.
US stocks (^DJI,^GSPC, ^IXIC) were trading higher after the September jobs report came in stronger than expected.
The three-day port strike has ended with the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance reaching a tentative agreement. The preliminary deal, which includes a 62% pay raise for workers over a six-year period, only suspends the strike until January 15, 2025, allowing more time for negotiations.
Spirit Airlines (SAVE) stock is in focus as shares tumble on reports that the discount airline is in discussions about potential bankruptcy. US Transportation Secretary Pete Buttigieg discusses what Spirit's potential collapse could mean for the airline industry.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

Learn more about your ad choices. Visit megaphone.fm/adchoices
1 hr 19 min
October 03, 2024Jobless claims, China stocks dip, OpenAI funding
Initial jobless claims for the week ending in September 28 showed more Americans filed for unemployment benefits than anticipated. The figure came in at 225,000, slightly above the estimated 221,000. This report comes ahead of September's jobs report, which could trigger a sell-off for US markets (^DJI,^GSPC, ^IXIC) as investors grow increasingly concerned about a slowing economy.
The Hang Seng (^HSI) ended the day lower after a stimulus-fueled rally pushed the index up 25% over the last month.
OpenAI's valuation soared to $157 billion after its latest funding round, putting it on par with companies like AT&T (T), Uber (UBER), and Goldman Sachs (GS). The $6.6 billion in new funding is one of the largest ever funding rounds for a private company, and comes nearly a year after OpenAI's board fired then rehired CEO Sam Altman.
Shares of Levi Strauss & Co. (LEVI) are tumbling after the company slightly missed third quarter revenue expectations and trimmed its full-year revenue guidance. The company is also weighing the sale of its Dockers brand.
Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions.
Find this and other episodes of Morning Brief here.
Thoughts? Questions? Fan mail? Email us at [email protected].
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.

Learn more about your ad choices. Visit megaphone.fm/adchoices
53 min

About Morning Brief

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Welcome to Yahoo Finance's flagship show, the Morning Brief. It's your ultimate guide to making smarter decisions for your portfolio. Our hosts track early session volume while bringing you…