Morning Brief
Buy-everything rally rolls on, CPI workaround, Levi’s slips
This episode isn’t summarized yet
Create a free account and summarize it. In a few minutes you’ll have the key takeaways and a section-by-section summary.
Show notes
US stocks edge higher as the “buy-everything” rally stretches into another session. Gold hits fresh records, crypto surges, and the dollar posts its best week of the year as investors juggle the so-called debasement trade narrative. The Bureau of Labor Statistics is recalling furloughed workers to release September CPI data despite the government shutdown, after the White House ordered the report’s completion to calculate next year’s Social Security cost-of-living adjustment. Levi Strauss (LEVI) tumbled 11% after warning of a soft holiday quarter even as profits beat expectations and full-year guidance was raised. Qualcomm (QCOM) fell after China opened an antitrust probe into its AutoTalks acquisition, while Applied Digital (APLD) jumped on stronger-than-expected revenue tied to AI data center builds for CoreWeave. Rare earth stocks rallied after the Trump administration took a 10% stake in Trilogy Metals (TMQ) to secure US access to critical minerals.
Takeaways:
Stocks extend “buy-everything” rally as gold, crypto, and dollar surge
BLS recalls workers to finish CPI report amid government shutdown
Levi’s beats but warns of tariff headwinds and weak Q4 outlook
Qualcomm faces China antitrust probe; rare earths rally on US investment
Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.
Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices