Morning Brief
Stock futures, Hurricane Milton, PepsiCo earnings
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Show notes
Geopolitical tensions continue to escalate in the Middle East, driving oil prices (CL=F, BZ=F) higher as investors consider the potential for supply disruptions.
Stock futures (ES=F, NQ=F, YM=F) and Treasury yields (^TYX, ^TNX, ^FVX) move higher Tuesday morning as markets look to Thursday's Consumer Price Index (CPI) reading.
Hurricane Milton — which has been raised to a Category 5 storm — nears its landfall with Florida as residents prepare for the storm; insurance stocks have fallen while shares of generator manufacturer Generac (GNRC) have soared this week so far.
Lastly, soft drink and snack giant PepsiCo (PEP) released mixed third quarter earnings results and revised its North American sales outlook for 2024.
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