Morning Brief

It's a whole new trading week, but it's the same, reliable team that helps investors start their mornings off right. Companies like Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Netflix (NFLX) are due to report earnings. US stock futures (ES=F, NQ=F, YM=F) are paying extra close attention to China's economic stimulus plan. Boeing (BA) shares dip further in Monday's pre-market session after the aircraft manufacturer announced last Friday that it will cut 17,000 jobs, equal to 10% of its global workforce. The International Association of Machinists and Aerospace Workers' (IAM) ongoing strike has gone on for over a month. Former Nike (NKE) executive Elliott Hill will assume the mantle of CEO and president for the athletic apparel brand on Monday. 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 Producer Price Index (PPI) cooled month-over-month in September, holding steady while economists expected a 0.1% increase in prices. The inflation indicator did see gains of 1.8% year-over-year, above estimates for 1.6%. This all comes as the Federal Reserve considers whether to push through additional interest rate cuts at its November meeting or hold rates where they are, Earnings season is all about the banks, as JPMorgan Chase & Co. (JPM) and Wells Fargo (WFC) reported their third quarter earnings results, the former of which topped estimates while seeing profits fall by 2% year-over-year.\ Tesla (TSLA) CEO Elon Musk unveiled the EV maker's Cybercab at the company's Robotaxi Day last night, currently being priced at $30,000. 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

The latest Consumer Price Index (CPI) report shows prices rose 0.2% in September, which was more than the 0.1% Bloomberg consensus estimate. Year over year, prices rose 2.4% versus the 2.3% estimate. When stripping out the more volatile food and energy components, prices rose 0.3% month over month and 3.3% year over year, both higher than economists were expecting. Delta Air Lines (DAL) is out with its third quarter earnings, its profits of $1.50 per share an $14.59 billion in revenue falling short of Wall Street estimates. Delta CEO Ed Bastian cited the CrowdStrike (CRWD) IT outage that impacted global operations in an interview with Yahoo Finance. Tesla (TSLA) is set to kick off its Robotaxi Day event Thursday night, where CEO Elon Musk will divulge more about the EV maker's vision for an autonomous driving service. 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 (^DJI, ^IXIC, ^GSPC) hover around their flatlines — all flirting with negative territory — at the top of Wednesday's trading session. Big Tech is in focus as the Department of Justice is considering a historic breakup of Google (GOOG, GOOGL) after a judge determined the company holds an illegal monopoly over the search engine market. Another stock in focus is Boeing (BA) with the aviation giant withdrawing its latest offer to striking machinists, declaring “further negotiations do not make sense at this point." Taiwan Semiconductor Manufacturing Company (TSM) shares reacting to its better-than-anticipated sales figures that may send a positive signal throughout the artificial intelligence chip space. Palantir (PLTR), WW International (WW), and Robinhood (HOOD) are among the stocks that investors are most interested in, per Yahoo Finance's trending ticker platform. 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

Geopolitical tensions continue to escalate in the Middle East, driving oil prices (CL=F, BZ=F) higher as investors consider the potential for supply disruptions. Stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) move higher Tuesday morning as markets look to Thursday's Consumer Price Index (CPI) reading. Hurricane Milton — which has been raised to a Category 5 storm — nears its landfall with Florida as residents prepare for the storm; insurance stocks have fallen while shares of generator manufacturer Generac (GNRC) have soared this week so far. Lastly, soft drink and snack giant PepsiCo (PEP) released mixed third quarter earnings results and revised its North American sales outlook for 2024. 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

Pfizer (PFE) shares are higher this morning following a Wall Street Journal report that activist investment firm Starboard Value has taken a $1 billion stake in the pharmaceutical company. Starboard has reportedly approached two former executives to help with their efforts. Stock futures (ES=F, NQ=F, YM=F) are sliding Monday morning following Friday's market rally fueled by the September jobs report, while Treasury yields (^TYX, ^TNX, ^FVX) inch higher. Oil prices (CL=F, BZ=F) rise as tensions in the Middle East escalate. Today marks the one-year anniversary of Hamas' attack on Israel on October 7, 2023. Tesla (TSLA) CEO Elon Musk will unveil details about the EV maker's robotaxi plans at an event on Thursday, October 10. 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 highly-anticipated employment report for September showed the US added 254,000 jobs in the month. Economists expectations were for 150,000 jobs were added, based on estimates compiled by Bloomberg. The unemployment rate ticked lower to 4.1% The report calls into question what comes next from the Federal Reserve as its focus shifts from fighting inflation to keeping employment strong. US stocks (^DJI,^GSPC, ^IXIC) were trading higher after the September jobs report came in stronger than expected. The three-day port strike has ended with the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance reaching a tentative agreement. The preliminary deal, which includes a 62% pay raise for workers over a six-year period, only suspends the strike until January 15, 2025, allowing more time for negotiations. Spirit Airlines (SAVE) stock is in focus as shares tumble on reports that the discount airline is in discussions about potential bankruptcy. US Transportation Secretary Pete Buttigieg discusses what Spirit's potential collapse could mean for the airline industry. 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

Initial jobless claims for the week ending in September 28 showed more Americans filed for unemployment benefits than anticipated. The figure came in at 225,000, slightly above the estimated 221,000. This report comes ahead of September's jobs report, which could trigger a sell-off for US markets (^DJI,^GSPC, ^IXIC) as investors grow increasingly concerned about a slowing economy. The Hang Seng (^HSI) ended the day lower after a stimulus-fueled rally pushed the index up 25% over the last month.  OpenAI's valuation soared to $157 billion after its latest funding round, putting it on par with companies like AT&T (T), Uber (UBER), and Goldman Sachs (GS). The $6.6 billion in new funding is one of the largest ever funding rounds for a private company, and comes nearly a year after OpenAI's board fired then rehired CEO Sam Altman. Shares of Levi Strauss & Co. (LEVI) are tumbling after the company slightly missed third quarter revenue expectations and trimmed its full-year revenue guidance. The company is also weighing the sale of its Dockers brand. 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

All three of the major indexes (^DJI,^GSPC, ^IXIC) opened slightly lower on Wednesday, while oil prices (CL=F, BZ=F) continued to rise and bitcoin (BTC-USD) experienced a sharp decline. US private payroll numbers beat Wall Street expectations in September, according to the latest ADP report. The data shows that 143,000 jobs were added in the private sector last month, surpassing the projected 125,000 jobs — a significant increase from August's reported 99,000 jobsTakeaways: US stocks (^DJI,^GSPC, ^IXIC) got off to a rocky start in October after escalating tensions in the Middle East sparked fears of a wider conflict. Traders flocked to more defensive areas of the market in Tuesday's trading session, causing oil prices (CL=F, BZ=F) to spike. Nike (NKE) is looking for a fresh start under its new CEO, Elliott Hill. The footwear giant reported mixed fiscal first quarter results, withdrew its full-year sales guidance, and postponed its investor day that was originally scheduled for November. Hill will step into the role on October 14, where he will embark on a turnaround mission for the company. Tesla (TSLA) third quarter sales are expected to be released this morning. Wall Street is anticipating a rise in the third quarter compared to the prior year, as demand in China has increased. Investors will also be looking forward to Tesla's big robotaxi event on October 10. 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 show focuses on the major dockworkers' strike that has halted operations at 36 ports along the Gulf and East coasts. This marks the first coast-wide strike for members of the International Longshoremen's Association since 1977.Takeaways Around 45,000 port workers across the East and Gulf Coasts are on strike after failing to reach an agreement on a new labor contract. This is the first East and Gulf Coast port strike in nearly 50 years. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) closed at record highs on Monday, finishing out the month of September and the third quarter in the green. It was the first positive September for the S&P 500 since 2019, defying what's historically a weak month for stocks. Wall Street is awaiting the latest read on the economy, with JOLTS (Job Openings and Labor Turnover Survey) and PMI (Purchasing Managers’ Index) expected to be released 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