Stocks hit record highs, Treasury Secretary Bessent calls for a 50 basis point cut in Sept

Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures are rising this morning as global equities trade at record highs. Investors optimistic on the prospect for a rate cut at the Fed's September meeting following the July consumer price index report. Treasury Secretary Scott Besson telling Fox Business the Fed should be open to an outsized cut at its next meeting.He wanted went on to tell Bloomberg that t ...