The US equity market (^DJI, ^IXIC, ^GSPC) and bitcoin (BTC-USD) in the crypto space both aim to start the trading day off right, bouncing back from this week’s sell-off. Morning Brief hosts Seana Smith and Brad Smith monitor market activity while tracking the top industry stories and moving stocks.
Stifel chief economist and managing director Lindsey Piegza joins the program to discuss whether recent US employment data could be enough to sway the Federal Reserve to initiate interest rate cuts.
Warner Bros. Discovery (WBD) shares move lower this morning after the media company missed on second quarter revenue estimates and wrote down its linear TV assets in a $9.1 billion impairment charge. MoffettNathanson senior research analyst Robert Fishman highlights how WBD’s troubles with possibly losing NBA streaming rights could hurt their affiliate fee revenues.
Other top trending tickers on the Yahoo Finance platform include Boeing (BA), Under Armour (UA, UAA), and Nvidia (NVDA)
This post was written by Luke Carberry Mogan.
Read More: Jobless claims data, WBD stock falls further: Morning Brief