Apple stock, Elon Musk, Q3 earnings call takeaways: Morning Brief

Seana Smith and Madison Mills sit down with top Wall Street experts to break down what's moving the markets.

Apple (AAPL) stock is in focus after KeyBanc analysts downgraded the stock to an underweight rating, as IDC Research reports the iPhone 16 helped Apple become the second largest smartphone maker in China by market share in the third quarter.

Spirit Airlines (SAVE) stock soars after the budget airline announced a cost-cutting plan that includes layoffs and selling 23 of its Airbus (AIR.PA) planes valued at over $500 million.

Capri Holdings (CPRI) shares sink after news that a judge blocked the Michael Kors and Jimmy Choo parent company's pending merger with Coach owner Tapestry (TPR).

Ahead of several Big Tech companies reporting third quarter earnings, the Morning Brief team takes a look at the energy needed for Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META) to run their data centers.

The bond market (^TYX, ^TNX, ^FVX) is showing signs of moderating. Wells Fargo Investment Institute global market strategist Gary Schlossberg explains his outlook.

Tesla (TSLA) CEO Elon Musk has been in regular contact with Russian President Vladimir Putin since 2022, according to an exclusive report by the Wall Street Journal. Warren Strobel, Wall Street Journal national security reporter and co-author of the breaking article, outlines the news and what it could mean for United States-Russia relations.

TheTranscript founder Scott Krisiloff explains three key themes from the earnings season so far: spending on artificial intelligence (AI), expectations of the Federal Reserve's next rate cut, and consumer resiliency.

Centene (CNC), Microsoft (MSFT), and Colgate-Palmolive (CL) were among the top stocks on Yahoo Finance's trending ticker platform.

This post was written by Naomi Buchanan.