Morning Brief

• Stocks break below key levels, Bitcoin sinks, Home Depot warns on consumer

  US stocks extend their slide for a fourth straight session as both the S&P 500 (^GSPC) and Nasdaq (^IXIC) close below their 50-day moving averages — a technical breakdown that triggered algorithmic selling across major indices. The weakness mirrors global markets, with Tokyo and Seoul each down 3%. Bitcoin (BTC-USD) briefly fell below $90,000 for the first time in seven months, officially wiping out its year-to-date gains and dragging crypto-linked stocks and ETFs lower. Home Depot (HD) cut its full-year profit forecast after missing earnings for the third straight quarter, citing weak housing turnover, cautious consumers, and home improvement demand that “never materialized” during Q3. Shares fell more than 3% as the retailer now expects adjusted earnings to decline about 5% for the year. The results arrive ahead of key retail reports from Lowe’s (LOW), Target (TGT), and Walmart (WMT) later this week. Early economic data from ADP showed private-sector job losses for two consecutive weeks, while delayed government numbers continue to trickle out post-shutdown — including initial jobless claims that remain historically low. Meanwhile, the White House prepares to welcome Saudi Crown Prince Mohammed bin Salman for a high-profile visit expected to produce multi-billion-dollar agreements across AI infrastructure, defense, energy, and critical minerals. Takeaways: S&P 500 and Nasdaq break below 50-day moving averages, triggering algorithmic selling Bitcoin drops under $90K, erasing all 2025 gains; crypto stocks slide in sympathy Home Depot cuts guidance as housing softness and consumer caution hit results ADP shows two weeks of job losses; government data returning slowly after shutdown Saudi Crown Prince meets President Trump as US–Saudi economic and defense ties deepen Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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  21:43

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  21:43
• Bitcoin meltdown, Nvidia test, and Buffett’s big bet on Alphabet

  US markets start the week lower after a rough stretch for tech stocks and crypto. Bitcoin (BTC-USD) has erased all its 2025 gains, wiping out more than $600 billion in market value since October as investors brace for Wednesday’s pivotal Nvidia (NVDA) earnings. Analysts expect $54.8 billion in quarterly sales — a 56% year-over-year jump — but warn the setup is “more risk than reward” given sky-high valuations. Nvidia CEO Jensen Huang says the company has $500 billion in orders lined up through 2026. Still, recent 13F filings show billionaire Peter Thiel sold his entire Nvidia stake last quarter, joining SoftBank’s earlier exit. The long-delayed September jobs report finally arrives on Thursday, following the government shutdown, with economists forecasting 50,000 new jobs and closely watching for signs that the Fed can still cut rates in December. Meanwhile, bitcoin’s slump has some strategists calling for another leg down to the $80,000 range, while MicroStrategy (MSTR) doubled down — buying $835 million worth of bitcoin last week, its biggest purchase since July. In trending tickers, Novo Nordisk (NVO) cut the consumer price of Wegovy and Ozempic to $349 a month, Alphabet (GOOG) popped after Warren Buffett’s Berkshire Hathaway disclosed a new $4.3 billion stake, and Aramark (ARMK) fell 8% on weak results despite upbeat guidance. Wall Street continues to debate whether the AI trade is truly in bubble territory or just cooling after record highs, as fund managers warn of fatigue and stretched valuations. Takeaways: Stocks and bitcoin slide as investors await Nvidia earnings and new Fed data Nvidia faces a “catch-22” — beat and risk bubble talk, miss and spook markets Bitcoin down 20% from highs; MicroStrategy adds $835M more to holdings Buffett’s Berkshire takes a $4.3B stake in Alphabet; Novo Nordisk cuts drug prices Analysts split on whether the AI trade is a bubble or a healthy consolidation Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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  24:05

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  24:05
• Walmart CEO exits, tech sell-off deepens, Fed split grows

  US stocks fell for a second straight day as the post-shutdown market reset collided with doubts about rate cuts and another rout in tech. Nasdaq futures slid more than 1.5% as AI leaders such as Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOG) extended losses amid profit-taking and growing concerns about stretched valuations. Bitcoin (BTC-USD) officially entered a bear market, down more than 20% from its October peak. Walmart (WMT) shocked investors by announcing CEO Doug McMillon will retire after more than a decade at the helm, handing the reins to Walmart US chief John Furner in February. McMillon, who modernized the world’s largest retailer through e-commerce expansion and wage growth, leaves the company at record highs. The move comes just ahead of Walmart’s earnings report next week. Meanwhile, Fed officials are sending mixed messages. Minneapolis Fed president Neel Kashkari and St. Louis Fed’s Alberto Salm cautioned against cutting rates too quickly, while Governor Steven Myron continues pushing for a larger 50 bp move. Markets now see just a 50% chance of a December rate cut — down from 85% two weeks ago — as the post-shutdown economic data trickles in. Takeaways: Walmart CEO Doug McMillon to retire; John Furner to take over in February Nasdaq extends losses as AI leaders slide and bitcoin enters bear market Fed officials grow divided on December rate cut amid mixed economic signals Investors brace for Walmart earnings, new inflation data, and the delayed jobs report Palantir (PLTR) CEO Alex Karp defends the company’s mission and AI role in exclusive Yahoo Finance interview Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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  25:15

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  25:15
• Shutdown vote lifts futures, AMD talks big on AI, Circle cools

  US stock futures rise as the House prepares to vote on ending the 43-day government shutdown, with reopening possible by midnight if the bill passes and the President signs. The data pipeline will take weeks to normalize. Still, Fed watchers will parse remarks from New York Fed’s John Williams, Atlanta’s Raphael Bostic, Governors Steven Myron and Susan Collins for clues on December cuts. AMD (AMD) extends gains after CEO Lisa Su projected data-center revenue could jump ~60% over the next 3–5 years, feeding AI enthusiasm beyond Big Tech. Stablecoin issuer Circle slipped despite a top- and bottom-line beat as investors worry lower rates will dent reserve-income margins; management touted growth in its payments network and testing of its new ARC blockchain (with a potential native token). On consumer names, On Holding (ONON) popped on raised guidance and resilient premium demand, while Infineon (IFNNY) guided back to growth on AI-data-center strength. Chevron (CVX) explored supplying natural-gas power to an AI data center in Texas, and Eli Lilly (LLY) moved employees off CVS’s drug plan amid a GLP-1 coverage spat. Takeaways: House set to vote to end the shutdown; Fed speakers in focus as missing data slowly returns AMD touts multiyear AI data-center surge; AI trade broadens to chip and infrastructure names Circle beats but slides on lower-rate margin fears; pushes payments/ARC blockchain initiatives On Holding raises outlook; Infineon sees AI demand offsetting auto softness Chevron eyes AI-power deals; Eli Lilly reshuffles pharmacy benefits in GLP-1 fight Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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  23:07

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  23:07
• Shutdown deal nears, SoftBank exits Nvidia, AI stocks wobble

  US stocks opened mixed as investors weighed the Senate’s passage of a bill to end the government shutdown and a pair of jolting AI headlines. The measure now heads to the House, where a vote is expected within 24 hours before President Trump signs it into law. Lawmakers are racing back to Washington amid widespread flight delays — a fitting symbol of the shutdown’s ripple effects. The bill would reopen the government by week’s end and restore pay to 750,000 furloughed workers. SoftBank (9984.T) sold its entire stake in Nvidia (NVDA) — about 32 million stock worth $5.8 billion — calling the move a “financing measure” to raise capital for new investments, including OpenAI. The sale triggered a modest pullback across AI-linked names. CoreWeave, an Nvidia-backed cloud infrastructure firm, cut its full-year revenue forecast due to construction delays at a key data center, prompting a downgrade from JPMorgan and an 8% stock slide. Has cut its full-year revenue forecast due to construction delays at a key data center, prompting a downgrade from JPMorgan and an 8% stock price decline. Analysts stressed that the supply issue is temporary but noted that it highlights execution risks in the AI supply chain. Elsewhere, corporate buybacks are surging to record highs, with US firms authorizing more than $1.2 trillion so far this year — a 15% increase from 2024 — as executives become more confident in the economy. Analysts say the trend is helping support stocks even at elevated valuations. Takeaways: Shutdown deal moves to the House after Senate passage; government likely to reopen by week’s end SoftBank sells entire $5.8B Nvidia stake to fund new investments, including OpenAI CoreWeave cuts forecast over data center delays; JPMorgan downgrades stock Corporate buybacks top $1.2T this year as confidence and cash flow improve AI enthusiasm faces new tests amid capacity bottlenecks and high valuations Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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