Seana Smith

Cable news companies continue to struggle amid a mass shift towards streaming and alternative media.

US stock futures are down as traders adjust rate cut expectations following Fed Chair Jerome Powell's recent comments and stronger-than-expected retail sales data.Hedge funds are pulling back their positions in Big Tech, with Amazon (AMZN) and Apple (APPL) seeing stake cuts in the third quarter.Tesla (TSLA) and Rivian (RIVN) are in focus following reports that President-elect Trump plans to eliminate the electric vehicle tax credit.Morning Brief Anchors Seana Smith and Brad Smith break down three of the top stories investors should be watching this morning.To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.This post was written by Cindy Mizaku.

The October retail sales data shows the consumer is still going strong. The Census Bureau data shows retail sales rose 0.4% in October. That was higher than the 0.3% economists were expecting, according to Bloomberg. September's headline number was also revised upwards.  LSEG Director of Consumer Research Jharonne Martis says the data point that stood out to her was the year-over-year growth in e-commerce sales. She notes that the October data benefits from Amazon's (AMZN) Prime Deal Days but adds that other retailers piggyback off that promotion and offer their own deals. "It's telling us the consumer is still gravitating toward those online deals," she says. When it comes to the e-commerce business, Martis thinks Walmart (WMT) is starting to give Amazon some more competition. Why? "They're giving the consumer the ability to shop the way they want to, whether it be ordering it on your mobile... and picking it up at the store on your way home or just having it delivered right there from the store to your

Today on Morning Brief, Co-hosts Seana Smith and Brad Smith discussed market movers with expert guests and the trending tickers of the day, including Amazon (AMZN) and Apple (AAPL).All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower Friday morning as post-Trump victory gains begin to fade. Data Editor Jared Blikre breaks down the action at the open. October retail sales are up by 0.4%, driven by strong e-commerce with Amazon’s Prime Deal Days playing a key role. LSEG director of consumer research Jharonne Martis highlights that Walmart is becoming a strong competitor to Amazon, offering flexible shopping options for consumers. Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) recently disclosed a 1.3 million stake in Domino's Pizza (DPZ) and a 1% stake in Pool Corp. (POOL), valued at $550 million and $152 million, respectively.Super Micro Computer (SMCI) risks delisting from the Nasdaq due to delays in filing financial statements. Defiance ETFs CEO and CIO Sylvia Jablonski discusses the company

Netflix (NFLX) is dipping its toe into live sports. The streaming giant will broadcast the boxing match between social media influencer Jake Paul and former heavyweight champion Mike Tyson live on Friday night. Millions are likely to tune in, could more live sports be a catalyst for growth at Netflix? Yahoo Finance's Brad Smith and Seana Smith speak with Michael Pachter, Wedbush Securities managing director of equity research, about Netflix's future in live programming. "What broadcast does for Netflix is it allows them to advertise," Pachter says. He mentions that one open question he has for Netflix is whether the company will advertise on the rebroadcast of a live program once it's archived, which, Pachter says, is an opportunity for Netflix to make even more money. But not all that glitters is gold. Pachter says that Netflix shouldn't go all in on live sports, telling Yahoo Finance, "They shouldn't bid for Thursday Night Football or Sunday football. I mean, that's just something that cost them billions of

Spirit Airlines (SAVE) shares are plummeting following a report that the budget airline is nearing bankruptcy. The Wall Street Journal reports Spirit is preparing to file for bankruptcy after renewed merger discussions with Frontier Airlines (ULCC) broke down. The report states the airline is working with creditors to create a bankruptcy plan and that the filing could happen within weeks. Morning Brief Anchors Seana Smith and Brad Smith discuss the report in the video above. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Stephanie Mikulich.

Bank of America (BAC) CEO Brian Moynihan commented on the banking industry's outlook around regulations, including amendments to Basel III endgame requirements, heading into a second Trump presidency. The banking chief executive believes "cooler heads will prevail" around banking legislation. RBC Capital Markets analyst Gerard Cassidy joins Seana Smith and Madison Mills on Catalysts to speak more on the topic. "I think the incoming regulators with this administration might look more favorable toward the banks. We're still going to have a Basel III endgame," Cassidy explains. "And the critical part about it, which is what I think everybody wants, particularly the banks, is to have a finalization of this process and be done with it, lock it down so it cannot be reopened in the future." Catch the full interview with Bank of America CEO Brian Moynihan at the Yahoo Finance Invest conference. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was wr

This year has been one where developments on the artificial intelligence front have cranked up into warp overdrive. And IBM (IBM) sits right in the center of all things AI. In an interview with Yahoo Finance Anchor Seana Smith at the Yahoo Finance Invest conference, IBM Chairman and CEO Arvind Krishna discussed its investments in AI, regulation, and how he is evolving the computing giant for the future. In Krishna's view, the future is incredibly bright, especially under a new administration that may cut red tape. "I think the AI spending from our clients is going to go up, I think the automation spending is going to go up, the labor demographics are going to get even worse, there's some policy statements that have implied that. Well, technology is a way to replace labor, so that means more technology will get deployed by our clients, and so those are the kinds of vectors that we are looking at to help accelerate our business." Krishna also took issue with criticism that IBM's AI spending was not yet profitab

In a world that is increasingly getting its news from alternative sources like podcasts and social media, traditional media has found itself playing catch up. In an interview with Yahoo Finance anchor Seana Smith at the Yahoo Finance Invest conference, Former CNN Worldwide Chairman Chris Licht says news media can have a place in this new landscape, if it embraces the individuals now being turned to for headlines, and the communities that look to them.“I would invest in something that is going to roll up some of these people and personalities that have built a community so that you can then scale it," Licht said. "I see that happening, I’m involved in those conversations, that’s where people are thinking.” To watch live and see every interview from Yahoo Finance Invest, click here. Watch the full interview with Chris Licht here.  This post was written by Conor White.

Tesla (TSLA) stock has been soaring since President-elect Donald Trump secured a second term. However, not all investors are reaping the benefits — particularly hedge funds. According to a Bloomberg report, hedge funds holding short positions in Tesla suffered collective losses of over $5 billion last week. Morning Brief Co-hosts Seana Smith and Brad Smith break down the details. For more expert insights and analysis on the latest market action, check out The Morning Brief here. This post was written by Angel Smith