Morning Brief
Futures rise, gold spikes on tariffs, Fed pick surprises markets
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Show notes
US stock futures point to gains, with the Nasdaq set for a new record despite fresh tariff headlines. Bank of America says investors pull billions from equities into cash, signaling caution. Gold prices hit a record after surprise US tariffs on Swiss bullion raised fears of global supply disruptions. President Trump will nominate top economic adviser Steven Myron to temporarily fill a vacant Federal Reserve board seat, a move seen as dovish and potentially crypto-friendly. Under Armour (UAA) plunges on weak guidance, Tesla (TSLA) disbands its Dojo AI supercomputer team, and Wendy’s (WEN) cuts its profit outlook.
Takeaways:
Nasdaq set to open at record; gold surges on surprise Swiss bullion tariffs
Trump taps Steven Myron for Fed seat; markets view pick as dovish, crypto-positive
Under Armour sinks, Tesla restructures AI team, Wendy’s profit guidance falls
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