The Morning Market Briefing

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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Ben and Tom break down the new sports performance ETFs launching in the NHL and MLB and why sportsbooks stand to benefit most, plus Medicare's PAMA cuts hitting Quest and LabCorp, Trump's packed UN meeting schedule, and Iran's offer to reopen the Strait of Hormuz.

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Ben and Tom preview UN General Assembly week including the Greenland security pact signing, Trump's Iran decision, and pre-summit optimism on the Trump-Xi talks, plus Germany's political collapse and Amazon blocking Meta's Muse AI shopping agent.

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Andrew, Ben, and Tom cover signs the Strait of Hormuz is opening back up as LNG tankers get through, plus the Bank of Japan's 1.25% rate hike, Nvidia's guide-up on chip demand, and Warren Buffett handing over the Berkshire chairmanship.

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Ben and Tom break down Kevin Warsh's hawkish 25bps hike in a unanimous 12-0 vote, Lennar's Q3 miss and housing warning, plus commentary from JB Hunt, Goldman Sachs, and Boeing.

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