Morning Brief

It's another trading week and the biggest story on equities' (^DJI, ^IXIC, ^GSPC) minds is the Federal Reserve's September policy meeting on Wednesday, where officials are anticipated to begin cutting interest rates. Takeaway US stock futures (ES=F, NQ=F, YM=F) are holding their ground Monday morning as markets price in the Federal Reserve's first interest rate cut in four years, expected at the central bank's policy meeting later this week. TikTok parent company ByteDance is headed to the US courts today to dispute the law that could see the popular social media app banned in the United States if its not sold off to a non-Chinese entity. Google (GOOG, GOOGL) antitrust trial surrounding its dominance in the online advertising market enters its second week. Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions. Find this and other episodes of Morning Brief here. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's Friday the 13th, but stock futures aren't scared! The Morning Brief hosts Seana Smith and Brad Smith walk investors through the day's biggest industry stories and speak with leading Wall Street experts. Takeaways 33,000 Boeing (BA) factory workers decided to go on strike last night after unions voted to reject the aircraft manufacturer's proposed labor contract. As Adobe (ADBE) shares fall in pre-market trading on weaker-than-expected fourth quarter guidance. Oracle (ORCL) is on the rise, presenting a mixed picture in the overall AI landscape. Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions. Find this and other episodes of Morning Brief here. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. https://finance.yahoo.com/videos/series/morning-brief/ Learn more about your ad choices. Visit megaphone.fm/adchoices

After August's Consumer Price Index (CPI) largely came in line with economist expectations, producer prices came in a touch hotter than expected. Takeaways: The Producer Price Index (PPI) saw prices increase 0.2% month-over-month and 1.7% year-over-year. Initial jobless claims also came out above estimates for the prior week: 230,000 versus the 227,000 expected. Nvidia (NVDA) CEO Jensen Huang's comments on the company's chip demand seemingly gave the tech sector (XLK) a burst of energy in Wednesday's session. Boeing's (BA) contract with factory workers is set to expire today. The aircraft manufacturer reached a tentative agreement with union leadership earlier this week with the 33,000 union members to vote on the deal on Thursday. Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions. Find this and other episodes of Morning Brief here. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

The latest inflation print is out. August’s Consumer Price Index (CPI) report comes in line with estimates and shows a 0.2% increase from July and 2.5% from a year ago. Core CPI, which excludes food and energy prices, rose 0.3% month-over-month and 3.2% year-over-year. Yahoo Finance breaks down what it means for the future of Fed rate cuts. Takeaways: Stock futures are falling in Wednesday's pre-market trading after August's Consumer Price Index (CPI) came in-line with August estimates. Vice President Kamala Harris and former President Donald Trump met on the debate stage Tuesday night in the first presidential debate ahead of the 2024 election. The candidates butted heads on major policy platforms, including the US economy, inflation, and tariffs. Trump Media & Technology Group (DJT, DJTWW), bitcoin (BTC-USD), and notable solar stocks (FSLR, RUN, ENPH) are reacting to last night's debate performances. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stocks (^DJI, ^IXIC, ^GSPC) are hoping to rebound further from last week's volatile trading. Takeaways: Apple (AAPL) faces a major setback as the European Union’s top court ordered the tech giant to pay nearly 13 billion euros ($14 billion) in back taxes to Ireland. This ruling comes just hours after Apple's launch of its new iPhone 16 lineup. Meanwhile, Oracle (ORCL) shares are higher after reporting first quarter earnings that topped investor expectations on both the top and bottom line. Citigroup head of US equity strategy Scott Chronert shares his market insights as the tech-heavy S&P 500 may be moving away from Nvidia's (NVDA) influence as a leader in the AI chip trade. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stock futures (^DJI, ^IXIC, ^GSPC) seek to recover from a very volatile first week of September trading. Takeaways: US equity markets (^DJI, ^IXIC, ^GSPC) are hoping to stage a comeback from last week's volatility. Apple (AAPL) investors and customers are currently expecting from the company's iPhone 16 launch event on Monday, September 9. Alphabet's Google (GOOG, GOOGL) faces its second antitrust lawsuit by the Department of Justice. A suit focusing on Google's advertising businesses is set to begin its trial today, Monday, September 9 Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

The US added 142,000 jobs in August. It was more than the 114,000 that were added in July, but short of the 165,000 economists had been expecting. The unemployment rate ticked lower to 4.2%, which matched estimates. Now, investors are trying to figure out what this means for the Federal Reserve's September meeting and whether the FOMC will cut by 25 or 50 basis points. Takeaways: The unemployment rate was in line with US Bureau of Labor Statistics estimates, falling to 4.2% from 4.3% in July. The Federal Reserve is digesting August's labor print as officials enter their "blackout period" ahead of the central bank's September meeting in two weeks. Shares of chipmaker Broadcom (AVGO) tumble further as the stock trades in negative territory in extended hours over its disappointing revenue guidance for the fiscal fourth quarter. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wake the markets up when September ends because stocks (^DJI, ^IXIC, ^GSPC) are still trying to find their footing in the volatile trading month. Takeaway: ADP private payrolls data came well below August expectations, underwhelming with a print of 99,000 compared to the forecast of 145,000 new jobs.  Verizon (VZ) announces it will acquire Frontier Communications Parent (FYBR) in a $20 billion deal that is scheduled to close in 18 months. Nvidia (NVDA) refutes any claims that the chipmaker was subpoenaed by the US Department of Justice (DOJ) on antitrust inquiries, which was originally reported by Bloomberg. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

Following in the footsteps of August's tech-led sell-off, equities (^DJI, ^IXIC, ^GSPC) could be in for an even rougher start to September. Shares of chipmaker Nvidia (NVDA) are tumbling lower, erasing nearly $280 billion in market cap and compounded by the subpoena it was served by US Department of Justice (DOJ) officials, according to a Bloomberg report. Takeaway:  Wall Street is looking ahead to the economic data due out today, including the latest Job Openings and Labor Turnover Survey (JOLTS) print Wednesday morning and the August jobs results on Friday Nvidia (NVDA) has shed $279 billion in market cap as its stock dropped during Tuesday's market turmoil. Discount retailer Dollar Tree (DLTR) lowered its full-year guidance after missing second quarter earnings estimates, while Dick's Sporting Goods (DKS) raises its guidance on its latest earnings beat. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

US stock futures (DJI, IXIC, GSPC) fell on Tuesday, the first trading day after the Labor Day weekend holiday. September, historically the market's worst month, is especially unique this time around as the Federal Reserve gears up for its first interest rate cut and August's jobs report this Friday, September 6. Takeaway:  Markets are looking ahead to the avalanche of economic data due out this week. Semiconductor maker Broadcom (AVGO) will report fiscal third quarter earnings on Thursday, September 5 Brazil's Supreme Court upheld a decision to ban Elon Musk's social media platform (formerly Twitter) over misinformation concerns Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

Yahoo Finance's flagship show, the Morning Brief, is your ultimate guide to making smarter decisions for your portfolio. Find this and other episodes of Morning Brief at https://finance.yahoo.com/videos/series/morning-brief/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

Your top 3 things: Nvidia tumbles, Salesforce CEO touts AI opportunities, and a read on the economy. Yahoo Finance's flagship show, the Morning Brief, is your ultimate guide to making smarter decisions for your portfolio. Find this and other episodes of Morning Brief at https://finance.yahoo.com/videos/series/morning-brief/. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

Wall Street faces a heavy day of earnings from retail giants Kohl's Corp. (KSS), Abercrombie & Fitch Co. (ANF), and Foot Locker (FL) this morning. After the bell, CrowdStrike (CRWD) will also report its first earnings results since its massive outage impacted operations worldwide in July. Nvidia's (NVDA) highly anticipated results will also be released after the bell. Takeaways: The main spotlight is on Nvidia as the semiconductor giant prepares to release its second-quarter earnings after the closing bell. Crypto asset bitcoin (BTC-USD), which has seen its price dip below $60,000 in Wednesday's trading session. Then, the focus shifts to the retail sector, following earnings reports from industry giants Kohl's (KSS), Foot Locker (FL), and Abercrombie & Fitch (ANF). Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Morning Brief hosts Brad Smith and Madison Mills guide investors through the market open, covering the biggest industry stories and talking to top Wall Street and economic experts. Takeaways: Tech drags the S&P 500 and Nasdaq lower. Apple CFO Luca Maestri will step down at the beginning of 2025 and transition into a new executive role on Apple's Corporate Services team. Media mogul Edgar Bronfman Jr. withdraws $6B offer to acquire Paramount parent company National Amusements. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks (^DJI, ^IXIC, ^GSPC) jumped last week, fueled by Federal Reserve Chair Jerome Powell's commentary on Friday that boosted investor confidence in a potential rate cut in September. We also cover a range of trending tickers, providing stock reactions and company updates for IBM (IBM), PDD Holdings (PDD), and Boeing (BA).  Takeaways: Nvidia has rallied in recent trading sessions but has failed to spark similar gains in the broader market. NASA is turning SpaceX for it's ongoing astronaut rescue mission instead of having them return on Boeing's Starliner. Crude oil prices take center stage as Middle Eastern tensions escalate.  Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices

VP Kamala Harris accepts the Democratic nomination on the final night of the Democratic National Convention in Chicago. Federal Reserve Chairman Jerome Powell is speaking at the Federal Reserve Bank of Kansas City’s Jackson Hole Economic Policy Symposium. And, Cava (CAVA) shares are jumping after its most recent quarterly earnings topped expectations, with the company raising its full-year outlook. Takeaway:  Investors digest Vice President Kamala Harris's nomination speech at the Democratic National Convention last night. Federal Reserve Chair Jerome Powell will deliver his own speech Friday morning at the Jackson Hole Economic Symposium. Cava Co-Founder and CEO Brett Schulman sits down with Brad Smith and Brooke DiPalma in-studio to talk about the Mediterranean fast-casual restaurant's latest earnings results, guidance, and plans to integrate AI into its kitchens. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

The Federal Reserve kicks off its annual symposium in Jackson Hole, WY, this morning. The gathering comes after the minutes from the central bank’s latest meeting pointed to a likely interest rate cut next month. On the earnings front, we heard from big names, including Peloton (PTON), Baidu (BIDU), and Advance Auto Parts (AAP) this morning. Yahoo Finance trending tickers include Snowflake (SNOW), Lucid (LCID), and Zoom Video (ZM). Takeaways: Fed Chair Jerome Powell is set to give a speech Friday night that could hint at how much the central bank could cut interest rates in its September policy meeting. US initial jobless claims for the prior week came in line with economist expectations — 232,000 — while increasing from the previous week, which could point to a cooling labor market after yesterday's payroll revisions. Minnesota Governor and Vice Presidential candidate Tim Walz accepted his nomination in a speech at the Democratic National Convention (DNC) on Wednesday night, endorsing Kamala Harris’s economic agenda. Vice President Harris is scheduled to formally accept her nomination and speak at the DNC tonight. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Major retailers Target (TGT) and Macy's (M) released their latest earnings results. While Target surges after topping estimates and Macy's sinks on a revenue miss, both companies showcase different sides of the American consumer that continues to seek out discounts. The Morning Brief hosts Seana Smith and Brad Smith tackle all this and more leading into Wednesday's market open. Truist Co-Chief Investment Officer and chief market strategist Keith Lerner shares his insights into the stock market (^DJI, ^IXIC, ^GSPC) rebound led by major tech stocks. TD Cowen senior research analyst Oliver Chen also joins the program to discuss the "choppy" consumer environment for Target as elevated inflation is still a hindrance to large segments of Americans. Other top trending stocks on the Yahoo Finance platform include Ford (F), Tesla (TSLA), Walmart (WMT), and JD.com (JD). you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock futures (^DJI, ^IXIC, ^GSPC) are mixed ahead of Tuesday's market open as the S&P 500 and Nasdaq Composite seek to extend their win streak. Simultaneously, investors are increasingly bullish on the idea that the Federal Reserve will cut interest rates by 25 basis points in September. Home improvement retailer Lowe's (LOW) reported mixed second quarter results, posting revenue of $23.59 billion ($23.9 billion expected) and adjusted earnings of $4.10 per share ($3.97 per share expected). Lowe's cut its full-year guidance and sales forecasts on consumer pullbacks tied to housing market challenges. President Biden delivered a keynote speech at the first night of Democratic National Convention (DNC) in Chicago, where he passed the baton to Vice President Kamala Harris in her 2024 presidential bid. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Stock futures are flat ahead of Monday's market open as the Federal Reserve's Jackson Hole Economist Symposium is set to start on Thursday, August 22. Nearly 75% of traders expect a 25-basis-point interest rate cut to come in September, according to the CME. Lowe's, Macy's, and Target are among the US retailers reporting earnings this week. The Democratic National Convention begins Monday with a speech by President Biden tonight. Takeaways: The Federal Reserve will kick off its Jackson Hole Economic Symposium on Thursday, giving investors a clearer picture of the pathway ahead for interest rate cuts. S&P Global Ratings chief US and Canada economist Satyam Panday breaks down what to expect from Powell on Friday. the Democratic National Convention (DNC) is kicking off in Chicago, with President Biden expected to deliver a speech this evening as he passes the torch to Vice President Kamala Harris.  Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to yfpodcasts@yahooinc.com. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices