Morning Brief

• Retail cools, Alphabet races toward $4T, Nvidia slips on Google chip threat

  US stock futures are little changed as fresh economic data shows a pullback in consumer spending and moderating wholesale inflation — a combination that strengthens the case for a December Fed rate cut. September retail sales rose just 0.2%, down sharply from August’s 0.6% jump, while core wholesale inflation (PPI excluding food and energy) cooled to 0.1%, its softest reading since spring . Markets remain volatile as investors debate whether the Fed will resume cutting rates in the coming weeks. Nvidia (NVDA) is under pressure after a report that Meta (META) is in talks to spend billions on Google’s TPU AI chips, signaling rising competition for Nvidia’s GPU dominance. Alphabet (GOOG) shares are surging, up 35% since mid-October, and have added more than $1.5 trillion in market cap. Analysts now say Alphabet could hit a $4 trillion valuation as early as next week if momentum continues — rivaling Nvidia’s 2023–2024 trajectory . Broadcom (AVGO) is also ripping higher as investors pile into alternative AI plays. Retail earnings remain mixed. Dick’s Sporting Goods (DKS) beat on core results but is sinking as investors worry about its costly turnaround of Foot Locker after the $2.5 billion acquisition. The company expects $500–$700 million in charges tied to store closures and write-downs . Best Buy (BBY) delivered its strongest same-store sales growth in nearly three years — up 2.7% — driven by upgrades in computing, gaming, and mobile, enough for the retailer to raise its full-year outlook for the second straight quarter. Meanwhile, investors are parsing broader retail signals as control-group sales (excluding autos and gas) rose just 0.1%, pointing to uneven consumer momentum heading into Q4. Still, major retailers like Walmart (WMT) and Gap (GPS) have turned in stronger Q3 results, underscoring a resilient — but highly selective — consumer. Takeaways: Retail spending cools; PPI softens — boosting odds of a December Fed cut Alphabet surges toward a $4T valuation as investors rotate into Google’s AI ecosystem Nvidia falls as Meta explores Google’s TPU chips; Broadcom rallies as another AI alternative Best Buy posts strongest comps in 3 years and raises guidance Dick’s Sporting Goods warns of $500–$700M in Foot Locker-related charges 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

  --------  

  20:52

  --------

  20:52
• Stocks rebound, retail earnings on deck, Fed debate heats up

  US stock futures are higher as markets try to stabilize after last week’s 2% drop in the S&P 500 (^GSPC) and Nasdaq (^IXIC). Bitcoin (BTC-USD) is back above $85,000 but remains well off its weekend highs, underscoring a risk-off mood heading into a busy stretch of retail earnings and economic data . Investors are watching tomorrow’s PPI and retail sales reports for fresh insight into inflation and consumer strength heading into the holidays. The White House is also preparing a new framework to extend Affordable Care Act subsidies for two years and introduce new eligibility limits to help offset a surge in health insurance premiums. Treasury Secretary Scott Bessant said the announcement is expected this week — a development closely watched by insurers like Oscar Health (OSCR) and Centene (CNC) . Thanksgiving travel is also in focus: airlines expect to carry 31 million passengers, a record for the holiday week. Carriers including United Airlines (UAL) reported a major booking rebound once the government shutdown officially ended — with mid-November bookings up 16% from the previous weekend before the deal was reached . Retail earnings kick off with reports from Kohl’s, Best Buy, Abercrombie & Fitch, and Dick’s Sporting Goods, each facing a different version of the same question: how resilient is the U.S. consumer heading into Q4? Abercrombie’s Hollister brand remains a standout with strong Gen Z momentum, while Kohl’s struggles to reverse years of negative same-store sales and is set to officially name interim CEO Michael Bender as its permanent chief executive . Fed commentary continues to steer markets. Governor Chris Waller reiterated support for a December rate cut, citing a softening labor market and expecting major downward revisions to the September jobs report. But Boston Fed President Susan Collins signaled the opposite — saying she does not see a strong case for cutting in December and could dissent. Markets remain most focused on last week’s pivotal comments from New York Fed President John Williams, who opened the door to a near-term cut, shifting rate expectations sharply lower . Takeaways: Futures rise as markets attempt to stabilize after last week’s slide Bitcoin climbs back above $85K but remains well off weekend highs White House expected to extend ACA subsidies for two years amid premium surge Record 31 million travelers expected for Thanksgiving; bookings jumped after shutdown ended Retail earnings from Kohl’s, Best Buy, Abercrombie & Fitch, and Dick’s Sporting Goods test consumer strength Fed officials split on a December cut; Waller supports it, Collins skeptical, Williams seen as the key signal 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

  --------  

  20:40

  --------

  20:40
• Stocks rebound after wild swing, Bitcoin crashes, Warner Bros bids roll in

  US stock futures are higher after one of the wildest sessions of the year, with the S&P 500 logging its most significant intraday reversal since the peak of tariff turmoil in 2018 — surging 1.4% early before plunging 1.6% by the close. New York Fed president John Williams helped stabilize sentiment this morning, signaling he “still sees room” for a December rate cut, a notable shift given the stronger-than-expected September jobs report. Williams — part of the influential Fed “troika” alongside Powell and Jefferson — said policy needs to move “closer to neutral,” even as tariffs temporarily stall progress on inflation. Bitcoin (BTC-USD) is extending a brutal decline, sliding below $85,000 after more than $1 billion in liquidations were hit in a single hour. The token is now heading for its worst month since the 2022 crypto crash, down more than 30% from its October record as cross-asset selling accelerates. Analysts warn the next key support sits near $75,000. Retail earnings reinforce the K-shaped consumer story: Walmart (WMT), Ross (ROST), and TJX (TJX) continue to win by delivering price-driven “value” across all income levels, while mid-tier shoppers remain stretched. Gap (GPS) surprised to the upside with strength in Old Navy and Gap brand, helped by lower discounting and viral marketing campaigns like its K-pop-backed “Milkshake” spot. Meanwhile, the bidding war for Warner Bros. Discovery (WBD) is heating up. Paramount (PARA), Comcast (CMCSA), and Netflix (NFLX) have all submitted their initial — non-binding — bids. Paramount is the only suitor pursuing the entire company, while the others are targeting the studio's assets exclusively. Takeaways: Fed’s John Williams signals a December rate cut is “on the table,” lifting futures S&P 500 posts its sharpest intraday reversal in years; markets remain fragile Bitcoin plunges below $85K with $1B liquidated in one hour; worst month since 2022 “Value” retailers like Walmart, Ross, and TJX outperform as consumers hunt for pricing power Warner Bros. Discovery draws bids from Paramount, Comcast, and Netflix as strategic review accelerates 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

  --------  

  19:57

  --------

  19:57
• Nvidia powers market rebound, jobs data surprises, Walmart beats big

  US stocks push higher as Nvidia’s (NVDA) blowout earnings reset sentiment across global markets and help offset a surprisingly strong September jobs report. Nvidia topped expectations on revenue and profit, guided to $65 billion for the current quarter, and CEO Jensen Huang dismissed AI bubble concerns, saying demand “is through the roof” with a $500 billion order pipeline for 2026 . The results sparked a broad tech rally, with Nasdaq futures jumping as much as 2%. Fresh labor data finally arrived after shutdown delays, showing 119,000 jobs added in September — more than double expectations — while August was revised sharply down to a 4,000 job loss, the first negative reading in months . The unemployment rate ticked up to 4.4%, and wage growth cooled to 0.2% month-over-month. Economists warned the mixed signals strengthen the case for the Fed to hold rates steady in December given the lack of October data and the BLS’ decision to delay the next full report until after the meeting. Walmart (WMT) delivered another strong quarter, raising full-year guidance behind 30% e-commerce growth and continued gains among higher-income shoppers. The retailer reported seven straight quarters of double-digit online growth and highlighted improving delivery speeds, while noting a softening in low-income spending — one of the clearest signs yet of the K-shaped consumer environment . Takeaways: Nvidia beats across the board and guides higher; CEO says AI demand is accelerating, not peaking September payrolls rise 119K with a surprise negative revision for August; unemployment nudges up to 4.4% Fed expected to hold rates in December as missing data limits visibility Walmart raises guidance again as e-commerce and higher-income spending fuel gains Markets extend a multi-day rebound, with Nasdaq futures up nearly 2% on Nvidia-led strength 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

  --------  

  48:34

  --------

  48:34
• Nvidia earnings test AI boom, Target cuts outlook, Summers quits OpenAI board

  US stocks look to snap a four-day losing streak after the S&P 500 (^GSPC) logged its longest slide since August and is now on track for its worst November since 2008. All the major averages — including the Dow (^DJI), Nasdaq 100 (^NDX), Russell 2000 (^RUT), and Philadelphia Semiconductor Index (^SOX) — have slipped below their 50-day moving averages, while the VIX (^VIX) climbs as volatility returns. The big pivot comes after the close when Nvidia (NVDA) reports; options pricing implies roughly a 7% move in either direction and analysts warn the stock faces a “catch-22” where even a beat-and-raise could fuel fresh AI bubble fears. Investors will listen closely for updates on Blackwell and Vera Rubin chips, hyperscaler demand from Microsoft (MSFT), Alphabet (GOOG), and Amazon (AMZN), and how rising competition from AMD (AMD) shapes the outlook. On the consumer front, Target (TGT) cut the top end of its profit outlook and reiterated expectations for a low single-digit sales decline in the all-important holiday quarter as “choiceful” shoppers stretch budgets and trade down, even as it leans into a new partnership with OpenAI to power conversational shopping inside ChatGPT. Lowe’s (LOW) beat profit estimates, raised its full-year sales guidance, and posted double-digit online and pro customer growth, offering a more upbeat contrast to Home Depot’s (HD) cautious outlook. In corporate moves, former Treasury secretary Larry Summers resigned from OpenAI’s board following the release of emails with Jeffrey Epstein, while Adobe (ADBE) agreed to buy marketing software firm SEMrush in a $1.9 billion deal, TJX (TJX) rallied on strong results and raised guidance, and Unity Software (U) surged on a new collaboration with Epic Games to bring Unity-built titles into Fortnite. Takeaways: S&P 500 and other major indexes break below 50-day moving averages as volatility picks up Nvidia earnings seen as a key AI stress test, with options pricing a ~$320B market cap swing Target trims outlook and warns of soft holiday sales while launching OpenAI-powered shopping inside ChatGPT Lowe’s raises sales guidance and leans on pro and online strength; Home Depot stays cautious on housing Larry Summers steps down from OpenAI’s board; Adobe buys SEMrush, TJX and Unity jump on earnings and deal news 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

  --------  

  24:42

  --------

  24:42

Weitere Wirtschaft Podcasts

Trending Wirtschaft Podcasts

Über Morning Brief

Morning Brief: Zugehörige Podcasts