The Morning Market Briefing

Andrew, Tom, and Thomas break down ISM Services prices hitting their highest since 2022, Google's 20-year nuclear deal with Constellation, and Trump letting red diesel onto public highways.

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Andrew, Tom, and Thomas cover the FBI's arrest of an alleged China spy realtor at LAX, Flávio Bolsonaro beating the polls in Brazil's election, and tanker attacks picking back up in the Strait of Hormuz.

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Andrew, Tom, and Thomas break down September's 29K payrolls miss, August's downward revision, and the bond rally that followed, plus ISM prices paid jumping to 77.9 and Nike sinking to its lowest level since 2013.

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Andrew, Tom, and Thomas explain why the 10-year hit its highest yield since 2002 and why the debt narrative doesn't add up, plus Trump calling for Powell to resign over the $2.5B Fed renovation and Google's new Gemini 4 Argon model.

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Andrew, Tom, and Thomas break down the cooler-than-expected PCE report and big downward revisions to last month's inflation data, plus OpenAI's Dots agent stumbling in its live demo and Trump's White House AI lunch with the tech titans.

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Ben and Tom break down the Dallas Fed survey's surge in new orders and production, then Oura postponing its IPO despite strong demand and what that could mean for Anthropic's November timing.

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Andrew, Ben, and Tom cover Trump rejecting Iran's offer, prospects of the Anthropic IPO, and privacy concerns surrounding Meta Muse. 
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Ben and Tom cover Xi gifting two pandas to Zoo Atlanta and Brightline's bankruptcy hitting the muni bond market, plus US-Iran talks on reopening Hormuz and Bob Chapek's new book taking aim at Bob Iger.

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Tom and Thomas break down the bond market selloff that pushed the 30-year to its highest level since 2004, plus Meta Connect's hearing-aid glasses, possible diesel export curbs, and McDonald's shift from beef to chicken.


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Ben and Tom break down Meta Muse as a potential ChatGPT moment for AI agents and why the friction economy — bank fees, idle cash, unused credits, insurance overpayments — is suddenly under threat.

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