Morning Brief

The economy is in focus, with Wolfe Research chief economist Stephanie Roth weighing in on the hotter-than-expected October PPI data and its implications for the broader economy and Federal Reserve. Simplify Asset Management chief investment strategist Michael Green then analyzes the inflation impact of Trump's proposed tariff and deportation policies. Bitcoin (BTC-USD) is on the rise. The cryptocurrency has soared since President-elect Trump won his second term in office, briefly touching above $93,000. The October Producer Price Index (PPI) report was hotter than expected, raising concerns about what it could mean for the Federal Reserve and its rate path. Walt Disney Company (DIS) shares jumped after the entertainment giant reported better-than-expected fiscal Q4 earnings. The entertainment giant's results got a boost from its streaming business. 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 US Bureau of Labor Statistics released its Consumer Price Index (CPI) report for October, which saw inflation rising in line with economist expectations.  Takeaways: October's Consumer Price Index (CPI) report saw prices rise 0.2% month-over-month and 2.6% annually, in line with economist forecasts. The core inflation reading — which excludes food and energy prices — rose 0.3% monthly and 3.3% year-over-year, which were also in line with estimates. Bitcoin (BTC-USD) continues to rally, the cryptocurrency now shooting to a new record high above $89,000 Wednesday morning. President-elect Donald Trump taps billionaire Elon Musk and Vivek Ramaswamy to lead his Department of Government Efficiency (DOGE). 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 been an eventful week for stocks, from Donald Trump's reelection in the 2024 presidential race to the Federal Reserve's latest interest rate cut. Takeaways: The Federal Reserve cut interest rates by 25 basis points on Thursday, while Fed Chair Jerome Powell said another rate cut in December is a possibility in a press conference that followed the announcement. Powell went on to say that President-Elect Donald Trump is "not permitted under the law" to remove him from his position at the central bank. Chip giant Nvidia (NVDA) replaces Intel (INTC) on the Dow Jones Industrial Average (^DJI), trading on the exchange beginning Friday. Airbnb (ABNB) shares reversed course in extended hours and are now falling following the homestay booking platform's third quarter revenue beat. While reporting major improvements in its streaming businesses, Paramount Global (PARA, PARAA) missed on revenue in its latest quarter. 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

US stocks are still humming to a positive tune following Donald Trump's 2024 re-election earlier this week. Next on the market's docket is the Federal Reserve's latest interest rate decision to come at the conclusion of the central bank's November policy meeting later today. Takeaways: US stock futures (ES=F, NQ=F, YM=F) maintain their record highs post-election as the Federal Reserve is set to announce its interest rate decision for November later today. Shares of rideshare platform Lyft (LYFT) continue to soar higher in pre-market trading around its fourth quarter outlook. Chipmaker Qualcomm (QCOM) is seeing stock gains following a strong fiscal fourth quarter earnings report while announcing a $15 billion share buyback program. Arm Holdings (ARM) stock, on the other hand, is slipping on its fiscal third quarter outlook despite topping second quarter estimates. 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

Former President Donald Trump is headed back to the White House and Wall Street is celebrating. Stocks (^DJI,^GSPC, ^IXIC), bitcoin (BTC-USD), and the US dollar (DX-Y.NYB) surged on the news. Takeaways: US stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) roar to life Wednesday morning after former President Donald Trump was named the winner of the 2024 presidential election. Shares of Tesla (TSLA) and Trump Media & Technology Group (DJT, DJTWW) are also soaring alongside other key companies part of the so-called "Trump trade" rallying on the news. Big Banks and major oil producers — Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), Wells Fargo (WFC), Citigroup (C), Bank of America (BAC), Exxon Mobil (XOM), Chevron (CVX) — are getting a push higher in their stock price, while solar energy companies like First Solar (FSLR) and Sunrun (RUN) sink further. 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

While traders are making their way to the exchange floor, American voters are heading out to vote in the 2024 presidential election. Takeaways: Stock futures (ES=F, NQ=F, YM=F) tip above their flatlines Tuesday morning as US voters take part in the 2024 presidential election and head to the polls today. Wall Street is paying attention to key assets, including gold (GC=F), bitcoin (BTC-USD), and 10-year Treasury yields (^TNX). Boeing (BA) workers have voted in approval of the latest contract proposal put forth by the aircraft manufacturer, ending the International Association of Machinists and Aerospace Workers (IAM) union's nearly two-month long strike. Palantir (PLTR) shares pop on the software company's third quarter earnings beat, demand for AI software sending the stock nearly 17% higher in pre-market trading. 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

Traders are asking for that double shot of espresso ahead of this major week for markets — the US presidential election and the Federal Reserve's November meeting. Seana Smith and Brad Smith help investors prepare for the big week ahead by covering today's top market stories. TAKEAWAYS US stock futures (ES=F, NQ=F, YM=F) hover near their flatlines while Treasury yields (^TYX, ^TNX, ^FVX) decline Monday morning. Investors are bracing for market volatility to come ahead of tomorrow's big event — Election Day 2024 — where US presidential candidates Vice President Kamala Harris (D) and former President Donald Trump (R) will face off. The Federal Reserve is set to convene in Washington, D.C. for its November policy meeting, concluding with its latest policy decision around interest rates. Berkshire Hathaway's (BRK-B, BRK-A) cash pile climbs to $325 billion as it cuts its holdings in Apple (AAPL) by 25% in the third quarter. 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 the first Friday of the month, so you know what that means — Jobs Day. The US Bureau of Labor Statistics reported that 12,000 jobs were added to the US economy in October, well below economist forecasts of 100,000 nonfarm payrolls due. These labor figures and the data collection process have been heavily impacted by recent Hurricanes Milton and Helene, as well as ongoing labor strikes. Takeaways US stock futures (ES=F, NQ=F, YM=F) are moving higher on the back of the October jobs report released this morning — 12,000 jobs were added to the US economy in the past month, the labor numbers heavily impacted by Hurricanes Helene and Milton. Economists originally projected an addition of 100,000 nonfarm payrolls. Tech giants Amazon (AMZN), Apple (AAPL), and Intel (INTC) all released their earnings results after Thursday's market close. Aircraft manufacturer Boeing (BA) has reportedly reached a tentative labor deal with striking workers. The labor union is set to vote on the proposal this Monday, November 4. 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 earnings and economic data just keep rolling out this week as Wall Street reacts to Microsoft (MSFT) and Meta Platforms' (META) latest earnings results alongside this morning's Personal Consumption Expenditures (PCE) index for September. Takeaways US stock futures (ES=F, NQ=F, YM=F) move lower this morning after Microsoft (MSFT) and Meta Platforms (META) released their respective earnings results yesterday. The next Big Tech stocks Wall Street is eyeing are Amazon (AMZN), Apple (AAPL), and Intel (INTC) as their earnings reports are due out after the closing bell. Peleton (PTON) taps Ford (F) executive Peter Stern to take over as its new CEO, effective January 2025. This morning was a treasure trove of economic data this morning — the core PCE (personal consumption expenditures) index rose 2.7% year-over-year in the month of September while last week's initial jobless claims came out at 216,000. 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

Today's Morning Brief starts with a discussion of the newly reported US GDP data for the third quarter, which showed the economy grow by an annualized rate of 2.8%. The program then covers a range of trending tickers, offering updates on companies such as Volkswagen (VOW3.DE), Visa (V), Eli Lilly (LLY), Kraft Heinz (KHC), Snap (SNAP), and Reddit (RDDT). Takeaways: Google-parent Alphabet (GOOG, GOOGL) and chip giant Advanced Micro Devices (AMD) both reported their respective earnings results after Tuesday's market close. The Big Tech earnings train continues with Magnificent Seven members Microsoft (MSFT) and Meta Platforms (META) to come out with results after the bell today. Eli Lilly (LLY) shares tumble in pre-market trading after missing third quarter earnings estimates and cutting its guidance as sales of GLP-1 weight-loss drugs fall short of Wall Street expectations. Initial readings on US GDP (gross domestic product) see expansions of 2.8% in the third quarter, just shy of economist estimates for a 2.9% quarter-over-quarter rise. 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 show provides company updates and stock reactions for several notable names, including JetBlue Airways (JBLU), homebuilder D.R. Horton (DHI), Apple (AAPL), Boeing (BA), and VF Corp (VFP.MU). Takeaways: Alphabet (GOOG, GOOGL) and Advanced Micro Devices (AMD) are scheduled to report their third quarter earnings results after Tuesday's market close McDonald's (MCD) is out with its latest earnings print this morning, topping estimates on its top and bottom lines. The fast-food chain's US same-store sales rose by 0.3% while international sales declined by 1.5%.  The Conference Board's latest consumer confidence reading and the US Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS) are due out later this morning. 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

Alphabet (GOOG, GOOGL), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta (META) all report earnings this week. The Job Openings and Labor Turnover Survey (JOLTS) and ADP private payroll data will also give Wall Street a fresh read on the labor market this week. Takeaways Stock futures (ES=F, NQ=F, YM=F) are up Monday morning in anticipation of this week's earnings for Magnificent Seven tech names. The US Bureau of Labor Statistics is set to publish the October jobs report this Friday, November 1. The Personal Consumption Expenditures (PCE) index is also due out this Thursday, October 31. On top of reporting earnings this Thursday, Apple is launching its Apple Intelligence features today alongside a slew of other software and hardware announcements. 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

Spirit Airlines (SAVE) stock soars after the budget airline announced a cost-cutting plan that includes layoffs and selling 23 of its Airbus (AIR.PA) planes valued at over $500 million. Centene (CNC), Microsoft (MSFT), and Colgate-Palmolive (CL) were among the top stocks on Yahoo Finance's trending ticker platform. Takeaways: US stock futures (ES=F, NQ=F, YM=F) are buzzing this morning in anticipation of next week's Big Tech earnings. Tesla (TSLA) shares are taking a dip in Friday's pre-market trading after soaring by over 21% in Thursday's session in response to its third quarter earnings numbers. Lastly, KeyBanc downgraded Apple (AAPL) to underweight, while IDC Research reported the iPhone 16 maker jumping to the number two in China's smartphone market. 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

Tesla (TSLA) added about $80 billion to its market cap after beating earnings-per-share estimates and announcing it expects to roll out autonomous ride-hailing in California and Texas in 2025. The news sent shares of ride-hailing apps Uber (UBER) and Lyft (LYFT) under pressure. Takeaways: US stock futures (ES=F, NQ=F, YM=F) are abuzz this morning after EV maker Tesla (TSLA) reported mixed third quarter earnings results after the closing bell on Wednesday. Tesla shares have been soaring in pre-market trading, adding $80 billion to the company's market cap. While releasing its earnings results, Southwest Airlines (LUV) has reached a deal with activist investor Elliott Management. Meanwhile, United Parcel Service (UPS) beat third quarter earnings estimates. Catch Yahoo Finance's interview with UPS Chief Financial Officer Brian Dykes later today. The International Association of Machinists and Aerospace Workers (IMA) union rejected the latest labor contract proposal from aircraft manufacturer Boeing (BA). It has been nearly a month and a half since Boeing factory workers went on strike in mid-September. 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 already Wednesday, but the market still has a long way to go until the weekend as earnings season resumes with Tesla (TSLA) reporting third quarter results after today's closing bell. Other top trending stocks on the Yahoo Finance platform include Hilton Worldwide Holdings (HLT), Apple (AAPL), Coca-Cola (KO), AT&T (T), Frontier Group Holdings (ULCC), and Spirit Airlines (SAVE). Takeaways: The first of the Magnificent Seven to step up to bat this earnings season, EV giant Tesla (TSLA) is scheduled to release its third quarter results after Wednesday's closing bell. Investors will be paying extra close attention to Tesla's sales performance in overseas markets to determine how it is weathering global EV trends. Aircraft manufacturer Boeing (BA) reported a whopping $6 billion quarterly loss as striking union workers are set to vote later tonight on the latest contract proposal. Coca-Cola (KO) reported better-than-expected third quarter results amid price hikes. An E. coli outbreak linked to McDonald's (MCD) Quarter Pounders has led to reported illnesses across several states and even a death. In a release titled "Always Putting Food Safety First," McDonald's Chief Supply Chain Officer of North America Cesar Piña stated that initial findings have connected the outbreak to slivered onions used in the chain's Quarter Pounder beef patties. 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