Biden blocks Nippon-US Steel deal, Santa Claus selloff: Morning Brief

2024 was just here a week ago, and now it's Friday — and 2025! Morning Brief hosts Brad Smith and Madison Mills guide investors through Friday's pre-market trading and into the opening bell, monitoring equity market moves as Wall Street holds out hope for just a bit of Santa Claus rally gains.

President Biden chose to block Nippon Steel's (NPSCY, 5401.T) proposed acquisition of US Steel (X). CRU Principal consultant and North American Steel analyst Josh Spoores joins the program to react to the news and explain why he finds this decision to be "interesting" and "a little bit odd."

Ritholtz Wealth Management Chief Market Strategist Callie Cox discusses where market opportunities could be popping up in 2025 after this last week's "Santa Claus selloff."

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Other top trending stocks on the Yahoo Finance platform include Boeing (BA), Chewy (CHWY), Block (SQ), and ServiceNow (NOW).

This post was written by Luke Carberry Mogan.