US stocks pointed to new highs as second quarter earnings boost sentiment, even as the Federal Reserve grows more divided. Fed Governor Waller called for a July rate cut to support a cooling labor market, putting him in line with President Trump and at odds with other Fed officials. The Genius Act—the first US crypto law—heads to Trump’s desk, sending crypto’s market cap above $4 trillion, with ethereum (ETH-USD) a standout winner. Chevron (CVX) finalized its $53B Hess deal, while Talen Energy (TLN), 3M (MMM), and Netflix (NFLX) were among notable movers.
Takeaways:
S&P 500 and Nasdaq notch new highs as earnings season heats up
Fed division grows on rates; Waller pushes for cut as others urge caution
Genius Act passes, fueling crypto rally; Chevron completes Hess deal
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23:20
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23:20
Fed in focus, TSMC soars, retail sales strong, volatility lingers
US stocks opened mixed as investors weighed President Trump’s denial that he plans to fire Fed Chair Powell, while New York Fed president John Williams warned tariffs could drive inflation as high as 3.5% in 2025. The odds of a September Fed rate cut have dropped to 50/50. Taiwan Semiconductor (TSMC) rallied on blowout earnings, while GE Aerospace (GE) and PepsiCo (PEP) also posted strong results. Retail sales surged 0.6% in June, signaling the consumer remains resilient despite tariffs. Market pros say volatility could spike in August, even as stocks grind higher.
Takeaways:
Trump denies firing Powell; Fed signals caution as tariffs lift inflation
TSMC jumps on 61% profit gain; GE Aerospace and Pepsi beat expectations
Retail sales and jobless claims show continued consumer strength
Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.
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23:48
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23:48
Wholesale inflation cools, banks surge, crypto set for vote
US producer prices were flat in June, keeping Fed rate cut hopes alive despite recent signs of tariff-driven inflation in some categories. Big banks, including Goldman Sachs (GS), Morgan Stanley (MS), and Bank of America (BAC), posted record trading profits, lifted by market volatility. President Trump says he has the GOP support to pass major crypto legislation as bitcoin hovers near $120,000. The consumer remains resilient, with bank CEOs noting solid spending.
Takeaways:
Producer prices unchanged in June; Fed may keep rates steady
Goldman Sachs, Morgan Stanley, BofA report record trading profits
House set to vote on crypto regulation as bitcoin stays strong
Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.
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25:17
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25:17
Inflation cools, Nvidia rallies on China chip news, banks post gains
US inflation in June was just below expectations, with core CPI up 0.2% month-over-month and 2.9% year-over-year. Tariff impacts are starting to show in apparel and furniture prices, but overall inflation remains contained. Nvidia (NVDA) and AMD (AMD) surged after the US signaled they can resume some AI chip sales to China, boosting the Nasdaq. Big banks kicked off earnings season with strong results from JPMorgan (JPM), while Wells Fargo (WFC) and Citigroup (C) saw mixed results.
Takeaways:
Core inflation rises less than expected; tariffs start to lift select prices
Nvidia and AMD rally as US signals green light for China chip sales
Big banks post strong earnings, but sector results are mixed
Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.
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47:02
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47:02
Trump threatens new tariffs, stocks dip, Bitcoin hits record
President Trump threatens 30% tariffs on the EU and Mexico as global trade tensions mount, and the EU hints at possible coordination with other US trading partners. Stocks retreat after recent highs, while bitcoin (BTC-USD) hits a new record above $123,000 as Crypto Week begins in Congress. Investors eye upcoming CPI data and earnings for signs of tariff impact, and top strategist Mohamed El-Erian warns of choppiness as global supply chains adjust.
Takeaways:
Trump targets EU, Mexico with new tariff threats, EU signals pushback
Bitcoin surges past $123,000 as regulatory momentum builds
Investors brace for inflation data, earnings, and more market volatility
Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.
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Welcome to Yahoo Finance's flagship show - the Morning Brief. Hosted daily by Seana Smith and Brad Smith, it's your ultimate guide to making smarter decisions for your portfolio. Our hosts track early session volume while bringing you today's top market themes -- and elevating yahoo finance’s most popular newsletter.
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