Today on Morning Brief, hosts Seana Smith and Brad Smith explore market action, trending tickers, and gold (GC=F) prices.
Markets (^DJI, ^IXIC, ^GSPC) are in the spotlight following recent Federal Reserve rate cuts that sent stocks soaring. Longview Economics Founder and CEO Chris Watling joins to discuss whether this market momentum can last as the Fed continues to ease monetary policy. Saxo Bank Chief Global Equity Strategist Peter Garnry also shares his insights on why a recession seems unlikely.
The hosts then cover several trending tickers and company updates, including Microsoft (MSFT), Palantir (PLTR), Taiwan Semiconductor (TSM), Samsung (005930.KS), General Motors (GM), Nike (NKE), and Alaska Airlines (ALK). Alaska Airlines recently faced an IT outage but insists it wasn't due to a cyberattack.
Meanwhile, gold prices are hovering near record highs, as the commodity typically performs well during uncertain market conditions. However, HSBC Chief Precious Metals analyst James Steel joins to explain why he believes gold might face some challenges ahead.
This post was written by Angel Smith