July PCE, Lululemon and Ulta, Intel foundry: Morning Brief

US stocks (^DJI, ^IXIC, ^GSPC) are chasing that summer high in Friday's morning session, the last trading day of September. Morning Brief co-hosts Brian Sozzi and Brad Smith guide investors through the biggest market stories as they head into the opening bell.

While Yahoo Finance senior reporter Jennifer Schonberger breaks down the biggest takeaways from July's Personal Consumption Expenditures (PCE) inflation reading, Interactive Brokers senior economist José Torres joins the program to talk about whether consumer spending patterns have been an aid for the US economy.

Telsey Advisory Group CEO and chief research officer Dana Telsey then examines the latest earnings from retail brands Lululemon (LULU), Ulta Beauty (ULTA), and the Gap (GAP).

Radio Free Mobile Founder Richard Windsor comes on to navigate the AI space after Nvidia's (NVDA) second quarter results failed to impress investors, addressing whether artificial intelligence is in a bubble.

Other top trending stocks on the Yahoo Finance platform this morning include the Alibaba Group (BABA), Dell Technologies (DELL), and Nvidia (NVDA).

This post was written by Luke Carberry Mogan.