a TGIF from Yao Finance's New York City headquarter studios. I'm Yao Finance executive editor Brian Sazy. You're watching Grayscale Investments ringing the open bell.The New York Stock Exchange AXG getting trading underway over at the NASDAQ. Now, a busy week for corporate earnings ends with, you guessed it, friends, more corporate earnings. Ford cutting its outlook due to a supplier fire.But I found this interesting from the earnings call last night. Company lowered its expected tariff costs this year by $ ...

Bitcoin rises 2% as U.S. inflation cools to 3% in September, slightly below economists' 3.1% forecast, boosting crypto markets ahead of Fed meeting.Read more: https://t.co/UEuS2tYQXE ...

Economic Overview - The recent Consumer Price Index (CPI) report showed inflation cooler than expected, leading to a slight dip in the 10-year yield, which is currently hovering around the key 4% level [1][3][9] - On a relative basis, the CPI came in below expectations, which was positively received by the market, resulting in a rally in treasuries [2][3] Inflation Insights - Despite the positive relative performance, inflation remains above the Federal Reserve's 2% target, indicating ongoing concerns [3][4] - The CPI report revealed mixed trends, with some components like owner's equivalent rent decreasing, while goods prices, particularly in apparel, are starting to rise, potentially due to tariff impacts [7][8] Interest Rate Expectations - There is an expectation for a 25 basis point rate cut, with the likelihood of this occurring next week or possibly in December, depending on economic developments [4][6] Fixed Income Opportunities - The fixed income market presents attractive opportunities, particularly in the municipal bond sector, which offers tax-exempt interest income and generally high credit quality [10][11] - The current yield environment, especially after recent years, is considered attractive for investors seeking income options [9][10]

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 shooting higher on the heels of the consumer price index report. The S&P 500 set to open at a new all-time high. This coming after the September consumer inflation report showed prices rose 3% from a year ago.Economists had expected them to rise 3.1%. The market is now baking in another rate cut from the Federal Reserve. Well, they already were.Now the ...

Market Overview - US stock futures are rising significantly following the September consumer price index (CPI) report, with the S&P 500 set to open at an all-time high as prices increased by 3% year-over-year, slightly below the expected 3.1% [1][5][10] - The market is now pricing in a 99% chance of a Federal Reserve rate cut in October and a 96% chance for December, indicating strong investor sentiment [10][12] Federal Reserve Insights - The CPI report is seen as a bullish catalyst for the market, with expectations that the Federal Reserve will cut rates due to the cooler-than-expected inflation data [8][12] - Core inflation, which excludes food and energy, also showed a decrease from 3.1% to 3%, indicating progress, although it remains above the Fed's 2% target [12][14] - The lack of additional economic data due to the government shutdown creates uncertainty for future Fed decisions, particularly regarding the job market [15][18] Corporate Earnings - Intel reported better-than-expected third-quarter earnings, with revenues of $13.7 billion and adjusted earnings per share of $0.23, leading to a nearly 6% increase in pre-market shares [24][26] - The company is experiencing improved sales in its PC and AI data center businesses, although it still faces challenges in its foundry operations [24][26][28] Trade Relations - President Trump has halted trade talks with Canada, citing an anti-tariff advertisement that featured former President Ronald Reagan, which adds to the uncertainty in trade relations [2][19] - The ongoing trade discussions and their implications for tariffs remain a significant concern for the market, as they could impact business operations and investor sentiment [20][21] Company-Specific Developments - Target announced it will eliminate 8% of its corporate roles due to underperformance and market share losses, which analysts view as a necessary move [30][31] - Deckers, the maker of Hoka and Uggs, reported disappointing sales guidance, forecasting full-year sales of approximately $5.35 billion, reflecting cautious consumer behavior [31][32] - Procter & Gamble exceeded sales estimates in its latest quarter, particularly in beauty and grooming categories, although its baby and family care segment showed flat volume [32][33]

Inflation Trends - Inflation rose by 3% year-over-year in September and 0.3% month-over-month [1][2] - The September inflation report was surprisingly weak, lower than economists expected [3][4] - August to August inflation was 2.9%, a slight uptick [4] - The 3% yearly inflation figure is lower than the peak inflation seen in the summer of 2022 [4] Category Breakdown - Food price inflation decelerated, up by 0.2% in September, compared to almost 0.5% in August [7] - Energy prices rose by 1.5% in one month, but are expected to decrease in the October report [8] - Shelter costs inflation decelerated, up by 0.2%, contributing to the lower headline number [9] Federal Reserve & Economic Factors - There's a 96% chance the Fed will implement a quarter point rate cut [9] - The Fed's decision-making is complicated by the lack of recent labor data due to the government shutdown [10] - Gas prices and services like airfare were significant drivers of inflation [6] Data Reliability - The September inflation data was collected before the government shutdown, so its accuracy isn't in question [11] - Concerns exist regarding the accuracy of the October report due to the government shutdown impacting data collection [12][13]

Softer inflation gives bitcoin room to run, but downside risks lurk beneath: analysts https://t.co/E9QUha3A5u ...

US consumer sentiment fell in October to a five-month low, as worries persisted about stubbornly high prices and the impact on their finances https://t.co/Ei68Ql0ham ...

Market Overview - U.S. equities opened with significant gains, leading major indexes to record highs, driven by a positive reaction to the September inflation report [1][10] - The Dow Jones Industrial Average (DJIA) rose by 267 points (0.6%), while the S&P 500 (SPX) increased by 0.8%, and the Nasdaq Composite (IXIC) climbed 1% [2] Economic Data - The September Consumer Price Index (CPI) report indicated a year-over-year increase of 3.0%, slightly below the expected 3.1%, and a monthly rise of 0.3% [3][4] - The CPI data is crucial as it precedes the Federal Reserve's policy meeting, with expectations for a 25-basis-point interest rate cut [4] Corporate Earnings - Procter & Gamble (PG) stock rose 2% after better-than-expected quarterly results, with earnings per share forecasted at $1.90 [7] - Intel (INTC) shares surged approximately 6% following strong third-quarter results, reporting a profit of $0.23 per share and a revenue increase of 3% to $13.7 billion [7] - Ford Motor (F) saw a revenue jump of 9% to $50.5 billion, exceeding expectations, although it lowered its 2025 adjusted earnings outlook due to a factory fire [7] Corporate News - Target (TGT) and Applied Materials (AMAT) shares increased slightly after announcing layoffs, viewed as cost-cutting measures [7] - President Donald Trump announced the termination of trade negotiations with Canada, potentially impacting North American trade relations [9] Upcoming Events - The economic calendar includes the purchasing managers' index (PMI) report and the University of Michigan consumer sentiment report, which will provide insights into manufacturing and consumer confidence [5]

The S&P 500 Index ($SPX) (SPY) today is up +0.79%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.04%.  December E-mini S&P futures (ESZ25) are up +0.68%, and December E-mini Nasdaq futures (NQZ25) are up +0.89%. Stock indexes are trading higher after today’s slightly weaker-than-expected US CPI report arguably gave the Fed more latitude to cut interest rates.  The Sep CPI report of +0.3% m/m and +3.0% y/y was slightly weaker than market expecta ...