Market Overview - Stocks are experiencing a decline, with significant movements in the metals market, particularly gold and silver, which are seeing record drops [1][2]. - Gold futures are down 7%, with a peak decline of over 11%, marking the largest drop since the early 1980s. Silver futures have fallen more than 26% [2]. Federal Reserve Nomination - President Trump has nominated Kevin Worsh to replace Jerome Powell as Fed Chair, with Worsh perceived as a hawkish figure, which may influence interest rate policies [5][6]. - Trump expressed a desire for rate cuts but did not directly ask Worsh about his commitment to this [6][7]. - Analysts suggest that if Worsh is confirmed, he will need to persuade a divided Federal Reserve committee regarding his policies [8][11]. Economic Indicators - St. Louis Fed President Alberto Musalum indicated that current interest rates are neutral and does not favor further cuts due to inflation concerns [9][10]. - Fed Governor Chris Waller dissented in a recent policy meeting, advocating for a rate cut due to job market weaknesses [10]. Cryptocurrency Market - Bitcoin remains stable around $84,000 despite volatility in other markets, with analysts noting that Worsh's hawkish stance may not support a crypto rally [4][25]. Company Earnings and Market Sentiment - Deckers Outdoor reported stronger-than-expected sales, particularly driven by its Hoka running shoes, leading to a positive market reaction [41][43]. - Verizon's earnings exceeded expectations, with wireless subscriber numbers at a six-year high, despite announcing mass layoffs [45][46]. - Bombardier's stock is under pressure due to potential tariffs on Canadian-made aircraft, with a noted decline of 6.3% [48][49]. SoFi's Growth - SoFi reported its first quarter with over $1 billion in revenue, driven by a 37% revenue growth, indicating strong consumer demand [52][57]. - The company is expanding its offerings in cryptocurrency and aims for continued growth in the financial services sector [60][64]. Tech Sector Outlook - Analysts are optimistic about Alphabet and Amazon, with expectations for strong earnings driven by advertising growth and cloud services [97][106]. - Google's Gemini is expected to enhance search capabilities and overall revenue growth, while Amazon's AWS is anticipated to accelerate, contributing to its profitability [100][108].

Five things to know ahead of the opening bell. An update on the government shutdown now on day 24. Today, many federal employees are expected to miss their first full paycheck since the shutdown began.We're going to be speaking to House Minority Leader Hakee Jeff at 8:40 a. m. Eastern time.Shares of Intel are rising. The company returning to profitability in its most recent quarter. Revenue of 13.6% 6 billion, beating estimates of 13.1% billion.Fourth quarter guidance was roughly in line with expectations. ...

Group 1 - Apple has begun shipping American-made AI servers from Texas as part of its commitment to invest $600 billion in the US [1] - Disney warns that ESPN and other networks may disappear from YouTube TV if a new distribution agreement is not reached by the end of the month [2] - Ford's shares are rising after third quarter results exceeded expectations, although the automaker has lowered its full-year guidance [2] Group 2 - Deckers Outdoors shares are declining due to weaker than expected revenue, despite the forecast for Q2 results beating expectations for the owner of Hoka and UGG Shoes [3]