A recent Charles Schwab client survey showed that retail investors are concerned over the latest shifts in trade policy with 60% of clients expecting equity volatility to return this summer. For more, let's welcome in now Joe Maza, Charles Schwab, head of trading and derivatives strategist. Joe, it's always great to see you on the show.So, maybe start there, Joe, big picture because I know you you survey those Schwab customers and and you want to get a sense of how they're feeling. when it does come to clie ...

Market Performance - S&P 500 and Nasdaq Composite closed in the green on June 9, 2025 [1] - Dow Jones Industrial Average was flat at market close [1] - S&P 500 is approaching a record high [1] IPO Market - New listings reached their highest level since 2021, indicating a potential recovery in the IPO market [1] Market Influencers - Trade talks could influence the market [1] - Tariff and trade policy uncertainty continue to concern retail investors [1] Retail Investing - Charles Schwab discusses retail investing strategies [1]

[Music] There's the closing bell on Wall Street and now it's market domination overtime. Jerobic is going to be along in a moment to give us the details from today's session, but I'm going to start with the major averages here and it looks like things are taking a little bit of a leg lower as we uh close out today's session, this Monday session. The Dow now down about a point. Little changed on the day here after starting the day in the red. It's kind of made a round trip here. Uh not necessarily any specif ...

Trade Policy & International Relations - Trade wars generally result in losses for all parties involved, although larger economies might inflict greater losses on others [4] - The global trading system may not be entirely fair, with the US imposing a 25% tariff on auto imports from Europe while facing a 10% import duty in return, and dealing with issues like intellectual property theft by China [6] - The US has historically led in reducing tariff barriers, but there's concern about a shift towards increasing them [7][8] - Reshoring American manufacturing is a goal, but many manufacturing jobs may not return, and tariffs on inputs could negatively impact manufacturing companies [11] - Government incentives and subsidies, like the CHIPS Act, can help secure domestic production of critical goods such as chips, reducing reliance on countries like Taiwan [14][15] Economic Impact of Research & Development - Government grants, business investment, and university research collaboration have historically driven comparative advantage in high-wage, high-tech industries [18][19] - Cuts to research funding can have long-lasting negative consequences, as stopping research, especially drug development, is difficult to restart [21] - The Trump administration's actions are perceived as an attack on elite universities and research, potentially driven by political motivations [20][23] University Funding & Endowment - Universities use endowment income to support financial aid and keep education affordable [25] - Some universities are facing grant cancellations and are targets of the endowment income tax [25]

Financial Performance & Growth Drivers - IBM's rally initially stemmed from its free cash flow performance, particularly after a significant beat five to six quarters prior to the report [3] - Revenue growth is expected to be in the low to mid single-digit percentages in the coming years [6] - Software growth is the primary focus for investors, followed by GenAI consulting and infrastructure [9] - IBM saved $500 million (three half billion) in run rate costs by deploying Gen AI [11] GenAI & Technology - IBM is positioning itself to enable the "Magnificent 7" through its hybrid cloud and GenAI infrastructure [4] - IBM's GenAI consulting business currently accounts for approximately 80% of its book of business [11] - IBM's Granite models are small, open-source language models focused on enterprise cost efficiency [11] - IBM has 75 quantum computers, with 13 currently running in production, and anticipates this becoming a significant part of their business by the end of the decade [16] Risks & Considerations - A shift in competitive positioning, especially concerning GenAI, could pose a risk to IBM's stock [18] - Sentiment around GenAI and hybrid cloud is driving multiple expansion [18]

Every US citizen born after December 31st, 2024 before January 1st, 2029, the federal government will make a one-time contribution of $1,000 into a tax deferred account that will track the overall stock market. In other words, it'll be pegged to an index that we'll pick. This is a pro-f family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation and they'll really be getting a big jump on. ...

Apple's Worldwide Developers Conference kicking off today. Let's get out to Certino, California for more with Yahoo Finance's Dan Howie. Yeah, Josh.We're here at uh Certino's uh Apple's campus in Certino, California. They just wrapped up their WWDC keynote where Tim Cook uh took the stage. The big announcements out of the show, a whole new redesign for the operating systems that support Apple's products.That's iOS, which runs the iPhone, Mac OS, iPad OS, Watch OS. They're all getting a new design that resem ...

Time for Yahoo Finance's market minute. Stocks are mixed as investors hope USChina trade talks will ease tariff tensions. High level talks expected to take place in London today.President Trump reportedly allowing negotiators to weigh lifting export controls according to reports from the Wall Street Journal. Shares of Robin Hood slumping as hopes of the company joining the S&P 500 dash. S&P Dow Jones indices announcing it won't make changes to the benchmarks after doing its quarterly rebalancing.Analysts at ...

Market Performance & Influencers - Since October 2022, CPI reports have dominated market gains with a 16 percentage point increase [3] - Post-Trump election, jobs data turned negative, down 5 percentage points [3] - CPI's impact has flattened since November, introducing volatility [4] - Fed days continue to drag stocks lower [4] Bond Market & Yields - Fed decisions are the biggest movers for bonds, pushing the 10-year yield down 98 basis points [6] - Since November, jobs data has added 26 basis points to the 10-year yield, signaling concerns about sticky inflation [7] - A recent jobs report drove the 10-year yield up 10 basis points [7] Economic Concerns - Investors fear slowing growth and potential recession instead of cheering cooling inflation [4] - Significantly lower yields could signal doubts about the reflation trade and economic trouble [6]

Trade talks between US officials and Chinese officials are underway in London as the two nations look to build on a truce brokered back in May. The talks were announced last week after a long anticipated phone call between President Trump and China's Xiinping. US Treasury Secretary Scott Besson and the Commerce Secretary Howard Lutnik and trade representative Jameson Greer will meet with Chinese officials in the Monday meeting.The talks aimed to resolve issues such as rare earth exports, tariffs, and restri ...