Morning Brief S&P 500 and Dow records, ADP data, Venezuela oil
Morning Brief host Julie Hyman tracks several of the day's top trending stock tickers, including Warner Bros. Discovery (WBD) rejecting the latest Paramount Skydance (PSKY) bid, Strategy (MSTR) shares are rising after MSCI shelved a plan to exclude digital asset-backed treasuries from its indexes, and Bloomberg is reporting that Discord (DISO.PVT) has confidentially filed for an initial public offering.
While the US housing market is forecasted to thaw and see lower mortgage rates and home prices in 2026, that doesn't necessarily mean there will be available housing supply as older homeowners are staying put. Meredith Whitney Advisory Group CEO Meredith Whitney explains the impact that Baby Boomers deciding to "age in place" is having on housing supply, while also commenting on the portion of home equity loans currently being utilized for manufacturing projects. Whitney has been dubbed the "Oracle of Wall Street" for forecasting the 2008 financial crisis during her time as an analyst.
Takeaways:
- US stock futures are mixed in Wednesday's pre-market trading after the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) closed yesterday's session at new record highs.
- ADP announced a gain of 41,000 private sector jobs in the month of December.
- Investors await the release of the latest Labor Turnover Survey (JOLTS) report later today, while the December jobs report is to be released this Friday, January 9.
- The White House announced that Venezuela will send 50 million barrels of oil to the US.
- The Trump administration weighed its options of deploying the military to acquire Greenland.
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