The Morning Market Briefing

Andrew, Ben, and Tom cover Mark Zuckerberg's pushback against Anthropic on AI self-policing, today's Fed decision preview, OpenAI's potential $1.2T funding round, and Saudi Arabia's post-pipeline oil workarounds.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew, Ben, and Tom cover Jensen Huang's All-in Podcast appearance blasting the AI doomers, Trump's surprise call-in defending AI, Obama's push for AI policy debate, plus Corning's $2B stock sale and Bank of America's guidance cut.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Ben and Tom break down Anthropic CEO Dario Amodei's call to slow the pace of AI development, the endorsements from Elon Musk, Sam Altman, and Mark Zuckerberg, and the resulting selloff across AI chip, cloud, and infrastructure stocks.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew, Ben, and Tom cover the CPI print, diesel hitting a record $6/gallon, Kevin Warsh's potential surprise double cut, Middle East shipping tensions, and France's debt cancellation debate.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew, Ben, and Tom cover Apple's $2K foldable iPhone Duo launch and Quest Diagnostics health-app tie-up, plus Bessent's $6B bond buyback, the ECB rate hike, and Trump's proposed $5K dividend.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew, Ben, and Tom break down Scott Bessent's bond buyback program going live, plus today's Apple event, Sunbelt earnings, and industry conference readouts from Smithfield and UHS.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew and Ben unpack Bessent's $40 oil call against crude at $94, Canada's new 50% tariffs, the Fannie-Freddie housing ads, and Germany's AfD election shock.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew, Ben, and Tom unpack August's 162K jobs blowout versus a 55K forecast, plus Lululemon's 19% plunge, Adobe's new CEO, and Tesla's Cybercab flop.


Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew, Ben, and Tom break down Broadcom's 3% dip and use a New York City delivery analogy to finally explain the difference between CPUs, GPUs, and XPUs, plus updates on Iran, Russia, and Snowflake's AI-driven earnings beat.


Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures

Andrew, Ben, and Tom debate whether markets are facing real chaos or just noise as oil jumps back to $90 on Iran tensions, ISM manufacturing cools, and midterm uncertainty builds, plus Elon Musk's G20 remarks on AI and power constraints.

Join our live YouTube stream Monday through Friday at 8:30 AM EST:
http://www.youtube.com/@TheMorningMarketBriefing

Please see disclosures:
https://www.narwhal.com/disclosures