Morning Brief

• Fed decision day, China bans Nvidia chips, Trump in UK

  US stocks hold steady ahead of the Fed’s 2 p.m. ET decision, with a 25 bp rate cut widely expected — the first since 2024. Markets are also bracing for Chair Jerome Powell’s press conference and the updated dot plot as traders price in up to six cuts over the next year. The Financial Times reports China has ordered companies including Alibaba (BABA) and TikTok parent ByteDance to cancel orders for Nvidia (NVDA) AI chips, escalating tensions just as President Trump prepares for a call with Xi Jinping on TikTok’s US operations. Oracle (ORCL) is expected to remain a key cloud partner under the proposed $35–$40B deal. Meanwhile, gold prices climb as deficits and de-dollarization fuel demand. In trending tickers, Workday (WDAY) rises on analyst upgrades and an Elliott stake, FedEx (FDX) dips on a downgrade ahead of earnings, and Unilever (UL) faces the exit of Ben & Jerry’s co-founder Jerry Greenfield as it prepares to spin off the ice cream unit. Takeaways: Fed expected to cut 25 bps today; Powell’s guidance and dot plot in focus China bans Nvidia chip sales; TikTok deal talks move forward with Oracle, A16Z, Silver Lake Gold rallies as deficits widen, central banks boost reserves Workday pops on Elliott stake, FedEx slips, Unilever faces Ben & Jerry’s exit 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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• Fed meeting begins, retail sales strong, Trump sues NYT

  US stocks look to extend record gains as the Fed kicks off its two-day policy meeting, with a 25 bp rate cut widely expected. Newly confirmed Fed Governor Steven Myron joined the board, while a federal court blocked President Trump’s attempt to remove Governor Lisa Cook ahead of the decision. August retail sales rose 0.6%, topping estimates as back-to-school shopping boosted apparel and online sales, though Moody’s warns that high-income households now account for nearly half of all US consumer spending. Meanwhile, President Trump filed a $15B libel lawsuit against The New York Times (NYT), more than the paper’s market cap. Warner Bros. Discovery (WBD) falls after a TD Cowen downgrade, and Disney (DIS) takes a 2% stake in Webtoon as part of a broader content partnership. Takeaways: Fed expected to cut 25 bps Wednesday; Myron confirmed, Cook remains on board Retail sales beat with back-to-school boost; spending led by top earners Trump sues New York Times for $15B, more than its market cap Warner Bros. downgraded, Disney buys into Webtoon with 2% stake 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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• Fed meeting nears, Musk buys Tesla, Nvidia probed

  US stocks edge higher ahead of the Fed’s policy meeting this week, with a quarter-point cut expected Wednesday. President Trump continues to pressure the central bank while seeking to oust Fed Governor Lisa Cook, and the Senate votes on Fed nominee Steven Myron today. Elon Musk discloses a $1B open-market purchase of Tesla (TSLA) shares, his largest insider buy ever, lifting the stock. Trade talks between the US and China resume in Spain, with TikTok and tariffs on the agenda, as Beijing escalates pressure on Nvidia (NVDA) with an anti-monopoly probe into its 2020 Mellanox deal. China also launches investigations into US analog chipmakers Texas Instruments (TXN) and Analog Devices (ADI) for dumping. Meanwhile, President Trump floats ending quarterly earnings reports in favor of semiannual disclosures. In trending tickers, Hims & Hers (HIMS) sinks after the FDA flagged a misleading Wegovy ad. Takeaways: Fed expected to cut 25 bps Wednesday; Trump pressures central bank, Senate to vote on nominee Myron Musk buys $1B in Tesla shares, his largest insider purchase China probes Nvidia, Texas Instruments, and Analog Devices amid trade talks Trump proposes scrapping quarterly earnings reports; Hims & Hers falls on FDA ad warning 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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  23:15
• CPI heats, Fed cut in focus, Oracle fuels rally

  US inflation came in slightly hotter than expected in August, with headline CPI up 0.4% month over month and core CPI up 0.3%, keeping annual inflation at 2.9% headline and 3.1% core. The data underscores sticky price pressures in services and shelter, while food and apparel show tariff-driven gains. Still, markets expect the Fed to cut rates by 25 basis points next week as jobless claims hit a four-year high. Stocks continue to hover near records, with Oracle (ORCL) powering the AI trade after its blowout forecast. Klarna’s ([KLAR]) IPO delivered a 43% pop before easing, and blockchain lender Figure ([FIGR]) prices its debut at a $5.3B valuation. In trending tickers, Opendoor (OPEN) jumps on leadership changes, Kroger (KR) beats on food sales, and Centene (CNC) rallies on Medicare quality ratings. Takeaways: CPI rises 0.4% in August; inflation still above Fed’s 2% target Fed expected to cut 25 bps next week despite sticky services prices Oracle leads AI-fueled rally; Klarna and Figure highlight IPO momentum Opendoor, Kroger, and Centene move on leadership, earnings, and health ratings 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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  44:31
• Oracle soars, Wall Street lifts targets, PPI cools

  US stocks push higher with the S&P 500 and Nasdaq at record highs after Oracle (ORCL) surges more than 30% on blowout AI-driven cloud guidance, adding $200B+ to its market cap overnight. Wall Street strategists rush to lift forecasts: Deutsche Bank raises its year-end S&P 500 target to 7,000, Barclays hikes to 6,450, and Wells Fargo sees double-digit gains into 2026. Inflation data adds fuel as the Producer Price Index unexpectedly declines for the first time since April, reinforcing bets on a Fed rate cut next week. Meanwhile, Klarna launches its long-awaited IPO under ticker [KLAR], valued at $15B after pricing above range. On the regulatory front, a judge blocks President Trump’s attempt to oust Fed Governor Lisa Cook, keeping her on the board ahead of next week’s policy meeting. In trending tickers, Synopsys (SNPS) plunges on a weak China outlook and job cuts, Novo Nordisk (NVO) sheds 9,000 jobs while cutting guidance, and Chewy (CHWY) falls on rising costs despite higher sales. Takeaways: Oracle skyrockets on AI cloud outlook; S&P 500 targets raised across Wall Street PPI falls for first time since April, boosting Fed rate cut bets Klarna IPO prices at $40/share, values firm at $15B under ticker KLAR Synopsys slumps, Novo Nordisk cuts jobs, Chewy drops on costs 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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