) higher as investors consider the potential for supply disruptions. Invesco Chief Global Market Strategist Kristina Hooper joins the program to explainI'm Brad Smith alongside Sean Smith.Will that features are higher as the Dow and S and P 500 rebound from the worst trading day in a month.
Today, still traders are watching for any escalation between Israel and Iran and how that may impact the commodity.Now we want to bring in Christina Hooper, invests chief Global Market strategist Christina talk to us about this massive move higher that we saw in crude prices last week.We did see an additional move higher yesterday, here are today pulling back that spike that we've seen.
Whereas you might have seen in the past investors become fully risk off so long as they feel they have adequate geopolitical risk hedges, whatever they might be. I'm curious though just bringing it back here to the US and that move higher that we've seen in the bond market with yields.I think so many investors out there are trying to figure out exactly what this means for the move higher in equities.So I think we are going to see some fluctuations in treasury yields that reflects uncertainty around the economy and the Fed.Many investors were surprised over the last two weeks, we saw a stronger us economy than I think even the fed expected.
The last devastating storm to hit the US was Helene damages from that category four storm might cost over $30 billion according to analysis by core logic and its impact on the jobs market and the economy in the southeastern part of the country is still yet to be seen to discuss the storm's potential impact.
And, and when we think about that, where, what are the sectors within the labor market that tend to see the biggest impact as a result of, of these storms and the severity that we've seen to this juncture in the hurricane season.So for example, ports being closed or bridges and roads being washed out that affects transportation.
But certainly when we look at payrolls, um we could see some effects certainly from last week's Hurricane Helene which impacted at least three states. It seems when you have a higher than expected jobs report that just came out for the most recent month that they're also going to have to uh evaluate, especially as it relates to their own fed policy path pathway.We've been looking at the data over the last few months and, and our sense is that the US labor market is fine.
Let's take a look at Honeywell announcing plans to spin off its advanced materials division by early 2026.The business could reportedly be worth more than $10 billion on its own and is on track to bring in about 10% of Honeywell's overall revenue this year the move is part of the CEO S plan to focus on the three core trends of aviation automation and energy transition shares right now are up by about 2.5%.
Well, going forward very much focusing on three sectors of their business, aviation, automation and energy trans transition.The advanced materials business could be worth more than $10 billion. I was looking at the quick street reaction here this morning investor very positive on essentially what the signals just in terms of demand and and the healthy demand here going forward for that A I story.
Yeah, I'm old enough to remember last month in September when Needham had called this the coolest kid in A I town, their words from the analyst over there and no doubt that's translating through to at least our customers and some of their clients are potentially thinking about adding on to their orders.
Um even when they had started the investigation, China had into some of the brandy operators and the Brandy probe that they had initiated as well. Obviously, the impact that it is going to have on consumers, what this means for demand down the road for so many of these companies.
A bit of a reversal from yesterday's downward pressure where we saw the worst performance for the Dow and the S and P in just about a month, but it's a new day and you can see lots of smiles on the floor of the Stock exchange and hopefully the smiles will carry over into the market here this morning.Let's take a look at the three major averages.You've got the Dow and the S and P both trading to the upside here above the flatland dow up almost 100 here.
And then we're expecting to hear some announcements from Google in terms of their remedies regarding the antitrust case, that stock is up just about 6/10 of a percent ahead of those developments. I just want to show you the VX that has kind of rallied into prior resistance right here, but it's not going any higher, higher VX means lower equities, but it's contained for now and check out the sector action.One of them is a leader, one of them, the lager and today financials are actually now the leader tech is taking the third seat or fourth seat, but energy is definitely moving to the downside and that is on the biggest decline in crude oil that we've seen in four weeks.
And the reason Microsoft uh happens is we've seen now for four years running when there is problems in the market, the stocks that people ran to for the longest time was Microsoft and NVIDIA and Microsoft and Apple. And so they immediately came, cancel it and, you know, you, you talked a little bit earlier about maybe happy hour drinks are a little more expensive.So we'll see if that becomes a quick staple of the happy hour JJ.The fact that they did say that weakening consumer are you looking at that as a headwind here?Uh I, you know, I, I think that where you're gonna see it.
And that is also what I think it's a combination of two things there, some people taking profits and also people saying, you know, the the travel sector, we have weather, obviously, you guys are reporting on some of the weather things going on right now.Next couple of days we get to see a little bit more of that.So I think what's happening is they're being a bit more selective in the stocks.
So again, I wanna, I wanna hear what they are thinking about in terms of the consumer health overall. That's with the utility stocks this year to be the third best performing sector on the S and P 500 for more.As I want to pull up a map of the United States, this is from tours and flock over at Apollo here.
And there are questions about how we are going to complete our clean energy goals moving forward as we do need more of this energy. But now we've got data centers filling in the gaps there and just some context for users when you're utilizing something like chat GP T that utilizes at least 10 times the amount of energy as Google Search.
I think that's in part because they're gonna be out here cutting costs to help support that bottom line.And then I did ask Ramon about some chirping returning to Wall Street about the need for Pepsi co to break up.Ramon saying that is not in the car, it's not something they're looking at.Ramon saying, no, we're not going that route.
Pepsi really giving us this first look here about whether or not that we were going to see some of these consumer staples names regain momentum.Maybe this quarter isn't going to live up to some of those lofty expectations and that we would have potentially seen that rebound in the consumers?Uh Let me break down what you are.Those shares are doing well.
The event has happened and, and, and I think some folks are probably moving on Brian when it comes to shrink inflation.And I bring that up on the heels of uh the renewed pressure that we're seeing from some lawmakers including Senator Warren.And, and you know, maybe for some context, this selling less for more, right?
Um where, you know, even when you go into a convenience store, um you know, the price point is, has moved pretty high, there's going to be an adjustment period for sure. So Pepsi is probably more confirms that bias as opposed to telling us something that maybe we didn't know. But even when we're in the large format sort of food stores, the price promotions are working, but a, a sort of normal discount with a product on display or promotion really isn't driving a lift.So it's not that consumers aren't buying food and beverages anymore, but they're really scrutinizing whether they need or are buying things that were maybe off the, the list when they walked into the store.
Bernstein saying that G LP one usage is also going to impact the the demand here for chocolate saying that they expect the US chocolate category may experience a 2 to 3% volume head wind to consumption from G LP one uptake.Exactly these types of companies potentially what analysts are arguing could take the hit as a result.Samsung electronics warning its third quarter profit will come and be low expectations.
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