And it's a fresh read on the nation's fiscal health. The aforementioned Steve Leeman with those [music] headlines and could probably also talk about the Fed. Steve.Yeah, Brian. Thanks for that introduction. The Treasury uh reporting that the deficit hits an October record of 284 billion, but with a bunch of asterises.I think that's the plural. Expenses were boosted by a calendar change moving some stuff from uh uh into October from November of about $ 105 billion. So that's also an issue, but they were redu ...

Core Insights - The article discusses the challenges faced by a divided committee in making decisions amid missing data and concerns about stagflation, presenting two potential paths forward, each with its own drawbacks [1] Group 1 - The committee is experiencing division, which complicates decision-making processes [1] - There is a notable absence of critical data that hinders effective analysis and forecasting [1] - Concerns about stagflation are emerging, indicating a potential economic slowdown coupled with inflation [1] Group 2 - The two paths presented for consideration each have significant drawbacks, suggesting that any decision will involve trade-offs [1]

Market Overview - US stock futures declined as they struggled to maintain momentum from a tech-led rebound, with optimism surrounding a potential Federal Reserve rate cut next month [1][4] - The Nasdaq Composite surged 2.7% recently, but major US indexes are still on track for monthly losses as investors reassess high valuations in AI and growth stocks [2] Company-Specific Developments - Nvidia shares faced pressure after reports indicated that Meta is in discussions to invest billions in Google's AI chips, leading to a 2% drop in premarket trading [3][6] - Nvidia's performance has been crucial to the S&P 500's rally this year, and its challenges could impact broader market sentiment [3] Economic Indicators and Earnings - Investors are closely monitoring upcoming economic data releases, including September updates on producer prices and retail sales, as well as consumer confidence readings [5] - Key earnings reports this week include Alibaba, Kohl's, and Best Buy, coinciding with a holiday-shortened trading week in the US [5]

Market Performance - Major U.S. equities indexes experienced gains, with the Dow rising 0.4%, the S&P 500 increasing by 1.3%, and the Nasdaq surging over 2% [1] - Tesla's stock rose by 7%, making it one of the top performers in the S&P 500, driven by CEO Elon Musk's announcement regarding AI chip production [2] Company-Specific Developments - Alphabet, Google's parent company, saw its shares jump over 5% to an all-time high, fueled by excitement over the launch of its Gemini 3 AI model [2] - Centene, Elevance Health, and Molina Healthcare shares rose following reports of President Trump's support for a healthcare proposal extending Affordable Care Act subsidies [3] - Carvana's shares surged nearly 7% after an upgrade to "outperform" from "neutral" by Wedbush analysts, who referred to it as the "new used car king" [3] - Novo Nordisk's shares declined after the company reported that its latest drug trial was ineffective in slowing Alzheimer's progression [3] Industry Trends - Performance Food Group shares dropped as it and rival US Foods agreed to terminate merger talks, while US Foods' shares increased [4] - Gold prices increased slightly, while crude oil futures fell, and the yield on the 10-year Treasury note decreased to 4.05% [4]

Group 1: Tesla and Technology Stocks - Tesla's stock increased by 7%, making it one of the top performers in the S&P 500, following CEO Elon Musk's announcement about plans to build more AI chips than all others combined [2] - Major U.S. equities indexes rose, with the tech-heavy Nasdaq surging over 2%, driven by optimism regarding a potential rate cut by the Federal Reserve [1] Group 2: Other Notable Stock Movements - Shares of Google parent Alphabet jumped over 5% to an all-time high, fueled by excitement surrounding the launch of the Gemini 3 AI model [2] - Centene, Elevance Health, and Molina Healthcare shares rose after reports of President Trump's support for a healthcare proposal extending Affordable Care Act subsidies [3] - Carvana's shares surged nearly 7% following an upgrade to "outperform" from "neutral" by Wedbush analysts [3] - Novo Nordisk's shares declined after the company reported that its latest drug trial was ineffective in slowing Alzheimer's progression [3] Group 3: Market Trends - Performance Food Group shares dropped as it and rival US Foods agreed to call off merger talks, while US Foods' shares increased [4] - Gold prices increased slightly, while crude oil futures decreased [4] - The yield on the 10-year Treasury note edged lower to 4.05% [4]

Core Viewpoint - Carvana's stock has experienced significant volatility, trading at over $350 in December 2022 and peaking at over $400 in July 2023, but has since pulled back 25% from that high while still being up over 50% year-to-date in 2025 [1] Company Performance - Carvana has been upgraded by Wed Bush to an "outperform" rating with a price target of $400, reflecting improved unit economics and profitability, generating approximately $629 million on $18 billion in sales last year [3][4] - The company has seen a significant increase in sales and profitability, especially as competitors like Vroom and Shift have gone bankrupt, positioning Carvana favorably in the used car retail market [5] Stock Analysis - The stock has pulled back about 23% since early October, but analysts see a compelling risk-reward scenario with limited downside risk, as it appears to be bouncing off its 200-day moving average [6][7] - Current earnings estimates for Carvana are around $547 million for this year, with projections of $7.35 per share for 2026, placing the stock at approximately 42 times next year's earnings [7] Market Context - The overall market for used car retailers is positive, with Carvana's stock rising nearly 7% following the upgrade, alongside gains in competitors like Autoation and CarMax [2] - The market sentiment is influenced by expectations of a potential rate cut by the Federal Reserve, which could further benefit stocks like Carvana [11][14]

Good Monday morning from Yahoo Fight's New York City headquarter studios. I'm Yahoo Fight's executive editor, Brian Sazi. You're seeing those opening bells on Wall Street on this holiday week. Now, I know you are in the holiday mindset with Thanksgiving and Black Friday just a few days away. I am here to say shake yourself out of the meion in mindset because this will be a busy week for markets. We have retail sales data. Best Buy earnings are out which will provide more clues on the holiday shopper. AI pla ...

Group 1: Dollar Index and Federal Reserve - The dollar index (DXY00) is up by +0.06%, supported by weakness in the yen and limited gains due to dovish comments from Fed Governor Christopher Waller advocating for a December rate cut [1][2] - Markets are pricing in a 70% chance of a 25 basis point cut in the fed funds target range at the upcoming FOMC meeting on December 9-10 [3] Group 2: Euro and German Economic Indicators - EUR/USD is up by +0.08%, driven by improved prospects for peace in Ukraine, although gains are limited by an unexpected decline in German business confidence [4][5] - The German Nov IFO business climate fell -0.4 to 88.1, below expectations of an increase to 88.5, with swaps pricing in a 2% chance of a -25 basis point rate cut by the ECB at the December 18 meeting [5] Group 3: Japanese Yen and Economic Concerns - USD/JPY is up by +0.38%, with the yen under pressure due to concerns about Japan's debt burden and a recently approved ¥17.7 trillion ($112 billion) stimulus package [6] - The market is discounting a 23% chance of a BOJ rate hike at the next policy meeting on December 19 [7] Group 4: Precious Metals Market - Gold and silver prices have recovered slightly, boosted by Waller's dovish comments, which increased demand for precious metals as a safe-haven asset [8] - Underlying demand for precious metals is supported by geopolitical risks, US tariffs, central bank buying, and political pressure on the Fed's independence [8]

Core Viewpoint - Federal Reserve Governor Christopher Waller advocates for a quarter-point rate cut at the upcoming policy meeting, citing a weak labor market and manageable inflation as key factors [1][3][4]. Economic Indicators - The labor market is showing signs of continued weakness, with the latest jobs report indicating only 119,000 jobs added in September, which is expected to be revised down by approximately 50,000 to 60,000 [6][7]. - Inflation is not perceived as a significant concern moving forward, with expectations that it will begin to decline. Current inflation is estimated to be around 2.4% to 2.5% [9][10]. Future Outlook - The approach to monetary policy may become more cautious and data-dependent starting in January, as a significant amount of economic data will be released [5][6]. - Waller does not foresee a turnaround in the labor market in the next 6 to 8 weeks, indicating a continued focus on labor market conditions in future policy decisions [6][8]. Communication and Transparency - Waller emphasizes the importance of transparency and accountability in monetary policy, suggesting that press conferences after every meeting should continue to communicate decisions to the public and financial markets [12][13].

Market Overview - Stock futures showed modest early gains as markets entered the Thanksgiving week with cautious optimism, with Nasdaq 100 futures up 0.99%, S&P 500 futures gaining 0.68%, and Dow futures adding 0.36% [1][17] - The S&P 500 rose 0.98% over the previous week, while the Nasdaq 100 and Dow advanced 0.77% and 1.08% respectively, although all three benchmarks are on track to close November in the red due to heavy selling in AI stocks [1][17] Economic Indicators - Investors are tracking key U.S. economic data, including October retail sales and the Producer Price Index, which are important signals for the Federal Reserve's next policy steps [3][17] - Treasury markets reflected improving sentiment, with the 10-year yield hovering near 4.05% [3][17] Sector Performance - Persistent fears of an AI bubble, concerns over profit sustainability, and reduced risk appetite have contributed to a pullback in the AI sector [2][17] - Rate-cut hopes emerged after New York Fed President John Williams suggested there is room for additional adjustments to monetary policy, prompting increased bets on a possible December rate cut [2][17] Commodities Market - In commodities, WTI crude traded near $57.75 and trended lower, while Brent crude also weakened [4][12][17] - Gold prices approached $4,062 per ounce despite slight early softness, and silver held below $50 [4][12][17] Pre-Market Activity - Pre-market trading showed strong activity in small-cap and tech-linked names, with notable movers including JX Luxventure up 36.23% to $4.70 and Epsium Enterprise gaining 26.18% to $4.53 [10][16][17] - Crypto-linked stocks gained even as Bitcoin slipped 1.19% to $85,753, while the Nasdaq Crypto Index rose 2.17% [7][14][17] Global Market Trends - Asian markets were mostly higher, with the Hang Seng up 1.97%, the Shanghai Composite up 0.05%, and the Shenzhen Component up 0.47%, while Japan's markets were closed for a holiday [7][17]