Trade & Tariff - A 200% tariff should be charged if magnets are not provided [1] - China has intelligently monopolized the world's magnets [1]

Market Overview - Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, and advanced tools [1] - Yahoo Finance aims to help users manage their financial life [1] Content Platform - Yahoo Finance offers the latest news and data at finance.yahoo.com [1] - The Yahoo Finance app is available on Apple and Android [1] - Yahoo Finance maintains a presence on various social media platforms, including X, Instagram, TikTok, Facebook, and LinkedIn [1]

I'm Y Finance executive editor Brian S and you're taking a look at a live shot of the opening bells on Wall Street on this Monday morning. Buria uh ringing the bell at the NYSC XCF Global getting things underway at the NASDAQ markets are giving back some ground after the rip roaring rally on Friday that ensued after Fed chair Jerome Pal's Jackson Hole speech. Pal acknowledged the Fed was in a challenging position ahead of its midepptember meeting as the job market has slowed yet tariff driven inflation lurk ...

We're digging deeper into all things Federal Reserve and the economy at this important juncture for each. Lawrence Summers is a Charles W. Elliot University professor and president at Harvard University and of course former US Treasury Secretary.Mr. . Summers, always nice to get some time with you. Thanks for hopping on this morning.Look, so markets are still uh very much focused on what Fed Chair Jerome Pal said at Jackson Hole, leaning more towards concern about the outlook for the job market. I would lov ...

Podcast Overview - Warrior Money podcast focuses on financial education and inspiration for military veterans transitioning to civilian life [1] - The podcast is hosted by former Congressman Patrick Murphy and veteran investor Dan Kunze [1] - Guests include veterans and high-ranking officials [1] Financial Advice for Veterans - Homeownership can be a wealth builder or a financial risk for veterans [1] - The podcast discusses using VA benefits wisely and avoiding PCS buying mistakes [1] - Topics include when buying a home makes sense, the risks of zero down payments, and the importance of a transition fund [1] Access and Information - Warrior Money is available on major podcast platforms like Apple Podcasts, Spotify, and Amazon Music [1] - Yahoo Finance provides stock ticker data, news, and portfolio management resources [1] - Yahoo Finance can be found on various social media platforms [1]

Regulatory Scrutiny - Allegations of mortgage fraud and tax fraud against Lisa Cook, a Fed governor, are under scrutiny [1][2] - The administration is urged to await factual findings before making accusations of fraud [2] Personnel Matters - Potential removal of Lisa Cook from her position as Fed governor is being considered [1] - Lisa Cook is contesting the allegations and gathering information [2]

Market Trends & Dynamics - The housing market is experiencing a slowdown, with home sales at the slowest summer pace in a decade [1] - This slowdown is attributed to higher buying costs and economic uncertainty, prompting homeowners, especially seniors, to stay put [1] - Existing home sales are projected to be the worst in over 25 years due to high prices, high rates, and seniors not moving [10] - A significant portion (60%) of US homes are owned by seniors, contributing to the "stuck" real estate market [9] Home Equity Lines of Credit (HELOC) - Home equity lines of credit (HELOC) have reversed a 17-year shrinking trend and are now the fastest-growing consumer loan category [3][4] - The HELOC market has grown from approximately $200 billion to $250 billion after bottoming out [4] - Private credit firms are actively pursuing HELOCs, with over $42 billion in reported forward purchase agreements for home equity and personal loans, potentially double that amount unreported [5][6] - 41% of all home equity debt is held by seniors, up from 17% in 2000 [11][12] Company Performance & Opportunities - Rocket Companies' home equity business is up over 70% from last year [6] - Mr Cooper's home equity activity is more than double last year [6] - SoFi is experiencing strong growth in its home equity and personal loan businesses, with over $12 billion in forward purchase agreements [7][8] - Home Depot reported strong earnings, indicating homeowners are undertaking renovations by tapping into their home equity [17] Risk Assessment & Consumer Behavior - Home equity loans are currently a relatively cheap form of debt, second only to mortgages [14] - Loan-to-value ratios are significantly lower than during the last housing crisis, averaging just over 20% compared to over 50% [15] - Seniors are tapping into home equity to offset rising homeownership costs, such as property insurance (up over 70% in the last 5 years) and property taxes [12][13] - Increased HELOC usage may be impacting credit card growth, with subprime credit card issuers potentially facing revenue challenges [20][21]

Federal Reserve Policy & Economic Outlook - Federal Reserve Chairman Jerome Powell's speech at the Kansas City Fed's 2025 Jackson Hole Economic Policy Symposium suggested potential future rate cuts [1] - Yahoo Finance interviewed current and former Fed presidents regarding their perspectives on the US economy, inflation, and interest rates [1] Speakers & Affiliations - The discussion included insights from Kansas City Fed President Jeffrey Schmid [1] - Cleveland Fed President Beth Hammack shared her views [1] - Former St Louis Fed President Jim Bullard contributed to the conversation [1] - Former Philadelphia Fed President Patrick Harker provided his analysis [1] - Former Kansas City Fed President Esther George also participated [1] Yahoo Finance Resources - Yahoo Finance offers free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, and advanced tools [1] - The platform provides information to help users manage their financial lives [1]

Buy Now Pay Later (BNPL) Market Overview - US e-commerce is approximately a $1 trillion business, with BNPL pushing $70-80 billion, a small fraction of the overall opportunity [2] - BNPL is mostly skewed towards a younger demographic, particularly the 18-34 cohort, who may not trust traditional credit cards or banks [3][4] - The growth of the BNPL market primarily impacts banks, as BNPL transactions are often settled using debit cards [9][10] BNPL and Economic Conditions - The common perception is that BNPL will struggle in a weak economy, but it could be countercyclical, helping retailers increase conversions [5][6][7] - Merchants may steer consumers towards BNPL to facilitate sales during economic downturns [7][8] Company Specific Analysis - Affirm (AFRM) is considered a buy due to its unlimited total addressable market (TAM) and strong execution, offering various payment options beyond just "pay in four" [12][14] - PayPal's (PYPL) buy now pay later offering is integrated into its branded checkout button, expected to drive growth, and is performing well in Europe [16][17][18] - Circle (USDC) is rated as underperform due to flat distribution of USDC at $68 billion and increasing distribution costs, impacting revenue potential [21][22]

[Music] Chinese tech stocks are roaring back this year, but they're still just a fraction of their multi- trillion dollar rivals when it comes to company size. Today, we're going to be exploring some of these matchups to highlight what makes each unique, why their stats look so different and what matters next for them. So, here's our map for the day.We've got three clean faceoffs, Alphabet and BYU in search and ads, then Amazon and Alibaba in e-commerce and also the cloud. Finally, Meta and Tencent in socia ...