Trump conviction, PCE data, Dell earnings: Morning Brief
On today's episode of the Morning Brief, co-hosts Brad Smith and Seana Smith delve into the aftermath of the Trump verdict, analyze trending tickers, and gauge market reactions to the latest PCE data release. Donald Trump's unprecedented conviction on all 34 felony charges in his hush money trial has sent shockwaves through the political landscape. Yahoo Finance's Rick Newman dissects the implications of this verdict on Trump's political future, while 22V Senior Managing Director Kim Wallace joins the show to explore how this landmark decision could influence broader market trends. The episode then covers the stock reactions of companies like Costco (COST), Dell (DELL), and Gap (GPS) following the release of their respective quarterly earnings reports. As markets eagerly await the Federal Reserve's next interest rate decision, April's Personal Consumption Expenditures (PCE) report aligned with analyst expectations. HSBC US Economist Ryan Wang and Invesco Chief Global Market Strategist Kristina Hooper join the discussion to dissect the PCE print and assess the possibility of rate cuts this year. This post was written by Angel Smith
