Morning Brief hosts Seana Smith and Brad Smith cover the latest developments in Middle East tensions, top trending stocks, and PepsiCo's (PEP) third quarter earnings results.

Geopolitical tensions continue to escalate in the Middle East, driving oil prices (CL=F, BZ=F) higher as investors consider the potential for supply disruptions. Invesco Chief Global Market Strategist Kristina Hooper joins the program to explain why she believes oil prices will not remain elevated.

Meanwhile, Hurricane Milton is approaching the Florida coast, expected to make landfall on Wednesday. The Conference Board's chief economist Dana Peterson analyzes how this storm could influence Federal Reserve rate cut decisions and future labor data.

The show then examines stock market reactions for several trending companies, including Roblox (RBLX), Hershey (HSY), Samsung (005930.KS), Super Micro Computer (SMCI), and Honeywell International (HON).

Lastly, PepsiCo (PEP) takes center stage as the company reports a revenue miss in its third-quarter results. Yahoo Finance Executive Editor Brian Sozzi provides insight into the company's earnings call, while BofA Securities Senior Consumer Goods Analyst Bryan Spillane discusses how PepsiCo may have taken the "shrinkflation" tactic "too far."

This post was written by Angel Smith