On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith take a look at the latest labor market data and the top stories of the trading day.

US stocks (^DJI,^GSPC, ^IXIC) were trading higher after the September jobs report came in stronger than expected. The Yahoo Finance team takes a closer look at the data and what it means for the US economy.

Economic Policy Institute senior economist Elise Gould shares her expert insights on the data, saying the report reinforces the idea that the labor market is strong.

Citi senior global economist Robert Sockin examines how this cycle may be different as typical recession signals, like the Sahm Rule, may not hold true.

Guy Berger, Burning Glass Institute director of economic research, outlines what the hot jobs report could signal about the Federal Reserve’s next rate cut.

The three-day port strike has ended with the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance reaching a tentative agreement. The preliminary deal, which includes a 62% pay raise for workers over a six-year period, only suspends the strike until January 15, 2025, allowing more time for negotiations.

US Transportation Secretary Pete Buttigieg explains the implications of the brief strike for consumers and US supply chains. Acting US Labor Secretary Julie Su breaks down the implications of the tentative deal for US workers and shares her insights on the stronger-than-expected jobs report.

Spirit Airlines (SAVE) stock is in focus as shares tumble on reports that the discount airline is in discussions about potential bankruptcy. US Transportation Secretary Pete Buttigieg discusses what Spirit's potential collapse could mean for the airline industry.

Some European automaker stocks are among the top stocks on Yahoo Finance’s Trending Tickers platform as companies like BMW, Porsche AG, Mercedes-Benz, and Volkswagon rally after the European Union announced it would impose new tariffs on Chinese manufactured electric vehicles. Hyundai Motor Company (HYMTF, 005380.KS) is also of interest as the South Korean automaker announced plans for an initial public offering (IPO) of its India unit.

Oil markets (CL=F, BZ=F) continue to be under pressure amid conflict in the Middle East. Rystad Energy chief economist Claudio Galimberti examines the impact of the ongoing geopolitical tension on oil prices.

This post was written by Naomi Buchanan.