Morning Brief
Stocks rise on ceasefire, Powell stays cautious, housing weak
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Show notes
On Morning Brief, Brad Smith covers markets rebounding as President Trump announces a ceasefire between Israel and Iran, easing oil and geopolitical concerns. Fed Chair Jerome Powell says the central bank is likely to keep rates on hold until the economic impact of tariffs becomes clearer, even as some officials push for rate cuts. The housing market remains under pressure, with sluggish sales and affordability challenges highlighted by guest Meredith Whitney. Tesla (TSLA), Starbucks (SBUX), and Nvidia (NVDA) are among today’s trending tickers.
Takeaways:
Stocks jump as Middle East tensions ease and oil falls
Powell urges patience on rate cuts amid tariff and inflation uncertainty
US housing market faces historic slowdown, affordability remains a top issue
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