Morning Brief 2024 election, Fed meeting, Berkshire Apple stake
Nov 4, 2024
52:03
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.
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Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.
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