Name: Actress and singer Olivia Newton-John dies at 73
Uploaded: 2022-08-08T20:46:01Z
Duration: P48S
Description: Olivia Newton-John, actress and singer best known for her role as Sandy in "Grease," passed away at the age of 73 on Monday.

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Markets (<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/%5EDJI?p=%5EDJI&.tsrc=fin-srch">^DJI</a>, <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/quote/%5EIXIC?p=%5EIXIC&.tsrc=fin-srch">^IXIC</a>, <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC&.tsrc=fin-srch">^GSPC</a>) are <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/news/stock-market-today-us-stocks-tumble-after-metas-reality-check-soft-gdp-print-133116573.html">moving lower</a> on Thursday,<a data-i13n="cpos:5;pos:1" href="https://finance.yahoo.com/news/gdp-us-economy-grows-at-16-annual-pace-in-first-quarter-falling-short-of-estimates-while-inflation-increases-123328820.html"> reacting to a weaker-than-expected GDP print</a> for the first quarter.<a data-i13n="cpos:6;pos:1" href="https://finance.yahoo.com/news/meta-q1-earnings-135049624.html"> </a>Deutsche Bank Chief US Equity and Global Strategist Binky Chadha joins The Morning Brief to discuss his market and inflation outlooks as stocks come under pressure this session.
Chadha argues that <a data-i13n="cpos:7;pos:1" href="https://finance.yahoo.com/video/market-pressure-normal-despite-slowing-145250654.html">"there's very little to take away" from the GDP print</a>, suggesting that it <a data-i13n="cpos:8;pos:1" href="https://finance.yahoo.com/video/breaking-down-gdp-calculated-yf-163847615.html">should be analyzed "in components."</a> He highlights that the largest component, the Personal Consumption Expenditures (PCE) Index, grew in line with its ten-year trend, indicating that GDP has "few implications for markets going forward." Chadha notes that the disappointing print stemmed from "the two largest, noisiest components of GDP": inventories and trade bonds, which, upon closer inspection, "look absolutely fine."
Addressing inflation concerns, Chadha states: "Yes, of course, it matters for inflation, but the growth we've had has not mattered for inflation." He adds, "If you measure inflation relative to growth... we've been steady for about two years."
For more expert insight and the latest market action, click <a data-i13n="cpos:9;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode of Yahoo Finance.
This post was written by <a data-i13n="cpos:10;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

Markets (^DJI, ^IXIC, ^GSPC) are moving lower on Thursday, reacting to a weaker-than-expected GDP print for the first quarter. Deutsche Bank Chief US Equity and Global Strategist Binky Chadha joins The Morning Brief to discuss his market and inflation outlooks as stocks come under pressure this session. Chadha argues that "there's very little to take away" from the GDP print, suggesting that it should be analyzed "in components." He highlights that the largest component, the Personal Consumption Expenditures (PCE) Index, grew in line with its ten-year trend, indicating that GDP has "few implications for markets going forward." Chadha notes that the disappointing print stemmed from "the two largest, noisiest components of GDP": inventories and trade bonds, which, upon closer inspection, "look absolutely fine." Addressing inflation concerns, Chadha states: "Yes, of course, it matters for inflation, but the growth we've had has not mattered for inflation." He adds, "If you measure inflation relative to growth... we've been steady for about two years." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

GDP print will have minimal impact on markets: Strategist

US GDP showed 1.6% growth for the first quarter, the lowest growth in 2 years. In response, US equities (<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/%5EGSPC?.tsrc=fin-srch">^GSPC</a>, <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/quote/%5EDJI?p=%5EDJI&.tsrc=fin-srch">^DJI</a>, <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/quote/%5EIXIC?.tsrc=fin-srch">^IXIC</a>) fell on the news, is this the number to truly be worried about?
eToro Global Markets Strategist Ben Laidler joins Wealth! to give insight into what the GDP print means for investors' portfolios.
Laidler remarks: "This GDP number is not great but it's not as bad as it looks. The bits we care about, business investment and the consumer are absolutely fine. This weakness was all about the things that we don't really care about and will probably bounce back next quarter, which is trade and which is inventories.Yes, I am a little bit spooked by the inflation number, but just hold that for 24 hours because tomorrow we're going to get the monthly PCE number, which will give us a lot more information as to how much we should really worry about this today. "
For more expert insight and the latest market action, click <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:5;pos:1" href="https://www.yahoo.com/author/nicholas-jacobino/">Nicholas Jacobino</a>

US GDP showed 1.6% growth for the first quarter, the lowest growth in 2 years. In response, US equities (^GSPC, ^DJI, ^IXIC) fell on the news, is this the number to truly be worried about? eToro Global Markets Strategist Ben Laidler joins Wealth! to give insight into what the GDP print means for investors' portfolios. Laidler remarks: "This GDP number is not great but it's not as bad as it looks. The bits we care about, business investment and the consumer are absolutely fine. This weakness was all about the things that we don't really care about and will probably bounce back next quarter, which is trade and which is inventories.Yes, I am a little bit spooked by the inflation number, but just hold that for 24 hours because tomorrow we're going to get the monthly PCE number, which will give us a lot more information as to how much we should really worry about this today. " For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

GDP is not the number to worry about, PCE is: Strategist

The United States <a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/news/gdp-us-economy-grows-at-16-annual-pace-in-first-quarter-falling-short-of-estimates-while-inflation-increases-123328820.html">Gross Domestic Product (GDP) print came out Thursday morning</a>, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%.
Wealth! Host <a data-i13n="cpos:2;pos:1" href="https://www.yahoo.com/author/bradley-smith/?.tsrc=fin-srch">Brad Smith</a> provides an in-depth analysis explaining the concept of GDP, how the figure is calculated, and its measurement of economic health.
For more expert insight and the latest market action, click <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode of Wealth!
This post was written by <a data-i13n="cpos:4;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%. Wealth! Host Brad Smith provides an in-depth analysis explaining the concept of GDP, how the figure is calculated, and its measurement of economic health. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

Breaking down GDP and how it's calculated: YF Explains

The United States <a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/news/gdp-us-economy-grows-at-16-annual-pace-in-first-quarter-falling-short-of-estimates-while-inflation-increases-123328820.html">GDP (gross domestic profit) grew by only 1.6% in the first quarter</a>, the smallest increase in over two years. The Federal Reserve has seemingly elected to wait for more inflation data and keep interest rates where they are as inflation continues to be hard to nail down. Wall Street experts have gone <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/video/citi-sees-chance-fed-rate-211933894.html">back and forth over when the Fed will cut rates</a>, if it will even cut rates in 2024, and the slim chance of rates being pushed higher.
Harvard University's Kennedy School of Government Professor Jason Furman joins Yahoo Finance to discuss the health of the economy and his theory on how — or if — the Fed will follow through with rate cuts this year.
"The big surprise here was that at an annual rate in the first quarter, core PCE inflation — which is basically what the Fed is looking at — was a 3.7% annual rate. As recently as two months ago, that was expected to be 2.1%. Forecasters thought, mission accomplished," Furman, who was the Council of Economic Advisors Chair during the Obama Administration, assesses. "Instead, we now have a red flashing warning sign. The Fed will not be able to be reassured enough about inflation to cut rates any time this year... The only thing that's going to get us Fed rate cuts any time soon is a much more rapid deterioration in the job market than I expect to get or hope to get, but that's the contingency under which <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/video/fed-rate-cut-around-election-140730992.html">the Fed cuts rates before December</a>. "
For more expert insight and the latest market action, click <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode.
This post was written by <a data-i13n="cpos:5;pos:1" href="https://www.yahoo.com/author/nicholas-jacobino/">Nicholas Jacobino</a>

The United States GDP (gross domestic profit) grew by only 1.6% in the first quarter, the smallest increase in over two years. The Federal Reserve has seemingly elected to wait for more inflation data and keep interest rates where they are as inflation continues to be hard to nail down. Wall Street experts have gone back and forth over when the Fed will cut rates, if it will even cut rates in 2024, and the slim chance of rates being pushed higher. Harvard University's Kennedy School of Government Professor Jason Furman joins Yahoo Finance to discuss the health of the economy and his theory on how — or if  — the Fed will follow through with rate cuts this year. "The big surprise here was that at an annual rate in the first quarter, core PCE inflation — which is basically what the Fed is looking at — was a 3.7% annual rate. As recently as two months ago, that was expected to be 2.1%. Forecasters thought, mission accomplished," Furman, who was the Council of Economic Advisors Chair during the Obama Administration, assesses. "Instead, we now have a red flashing warning sign. The Fed will not be able to be reassured enough about inflation to cut rates any time this year... The only thing that's going to get us Fed rate cuts any time soon is a much more rapid deterioration in the job market than I expect to get or hope to get, but that's the contingency under which the Fed cuts rates before December. " For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino

Fed won't be able to cut rates in 2024: Fmr. economic advisor

Shares of ServiceNow (<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/NOW?.tsrc=fin-srch">NOW</a>) are dipping on Thursday despite the company posting first quarter results that show revenue increased 24% to $2.6 billion. However, the company reported a sales growth forecast for the second quarter that was slightly softer than analysts had been expecting.
ServiceNow CFO Gina Mastantuono joins Yahoo Finance to give insight into the company's performance, its focus on generative AI, and more.
Mastantuono talks about the fervor over generative AI: "Every CEO and CFO I'm talking to is leaning into what gen AI can do for their business. IDC is talking about $11 trillion impact from gen AI over the next three years, and businesses spending half a trillion in US dollars on AI by 2027, and so we've been innovating on the platform with our gen AI SKUs. In fact, we just launched, two quarters ago, in our gen AI SKUs are the fastest growing product launch we've seen in our history. It's been in seven of the top ten deals this year included gen AI. We have customers like Microsoft (<a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/quote/MSFT?.tsrc=fin-srch">MSFT</a>), Novartis (<a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/quote/NVS?.tsrc=fin-srch">NVS</a>), Hitachi Energy really leaning into our gen AI offerings and it's continuing to innovate on the platform and giving our customers more capabilities as they look to strengthen their AI strategies over the coming year."
For more expert insight and the latest market action, click <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode.
This post was written by <a data-i13n="cpos:5;pos:1" href="https://www.yahoo.com/author/nicholas-jacobino/">Nicholas Jacobino</a>

Shares of ServiceNow (NOW) are dipping on Thursday despite the company posting first quarter results that show revenue increased 24% to $2.6 billion. However, the company reported a sales growth forecast for the second quarter that was slightly softer than analysts had been expecting. ServiceNow CFO Gina Mastantuono joins Yahoo Finance to give insight into the company's performance, its focus on generative AI, and more. Mastantuono talks about the fervor over generative AI: "Every CEO and CFO I'm talking to is leaning into what gen AI can do for their business. IDC is talking about $11 trillion impact from gen AI over the next three years, and businesses spending half a trillion in US dollars on AI by 2027, and so we've been innovating on the platform with our gen AI SKUs. In fact, we just launched, two quarters ago, in our gen AI SKUs are the fastest growing product launch we've seen in our history. It's been in seven of the top ten deals this year included gen AI. We have customers like Microsoft (MSFT), Novartis (NVS), Hitachi Energy really leaning into our gen AI offerings and it's continuing to innovate on the platform and giving our customers more capabilities as they look to strengthen their AI strategies over the coming year." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino

Demand for Gen AI is incredibly strong: ServiceNow CFO

Shares of Merck & Company (<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/MRK?.tsrc=fin-srch">MRK</a>) are trading higher early Thursday after the pharmaceutical giant posted robust sales results in the first quarter, leading the pharmaceutical giant to raise its 2024 outlook. The company's performance was driven by strong demand for its cancer drug Keytruda.
Yahoo Finance's <a data-i13n="cpos:2;pos:1" href="https://www.yahoo.com/author/anjalee-khemlani/?.tsrc=fin-srch">Anjalee Khemlani </a>breaks down the details.
For more expert insight and the latest market action, click <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode of Yahoo Finance.
This post was written by <a data-i13n="cpos:4;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

Shares of Merck & Company (MRK) are trading higher early Thursday after the pharmaceutical giant posted robust sales results in the first quarter, leading the pharmaceutical giant to raise its 2024 outlook. The company's performance was driven by strong demand for its cancer drug Keytruda. Yahoo Finance's Anjalee Khemlani breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith

Merck raises 2024 guidance on cancer drug demand

Pending home sales rose 3.4% in March, much more than the 0.4% economists had been expecting. According to the National Association of Realtors, sales in the Midwest fell month-over-month, while they rose elsewhere. In the <a data-i13n="cpos:1;pos:1" href="https://www.nar.realtor/research-and-statistics/housing-statistics/pending-home-sales">release</a>, NAR Chief Economist Lawrence Yun says "Meaningful gains will only occur with declining mortgage rates and rising inventory."
Yahoo Finance's <a data-i13n="cpos:2;pos:1" href="https://www.yahoo.com/author/seana-smith/">Seana Smith</a> and <a data-i13n="cpos:3;pos:1" href="https://www.yahoo.com/author/bradley-smith/">Brad Smith</a> report the breaking data.
For more expert insight and the latest market action, click <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode.
This post was written by Stephanie Mikulich.

Pending home sales rose 3.4% in March, much more than the 0.4% economists had been expecting. According to the National Association of Realtors, sales in the Midwest fell month-over-month, while they rose elsewhere. In the release, NAR Chief Economist Lawrence Yun says "Meaningful gains will only occur with declining mortgage rates and rising inventory." Yahoo Finance's Seana Smith and Brad Smith report the breaking data. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.

Pending home sales rise more than expected in March

Shares of Comcast (<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/CMCSA?.tsrc=fin-srch">CMCSA</a>) are trading lower Thursday, after the media giant reported its first quarter results. While the company added 3 million paid subscribers to its streaming platform Peacock, it reported a wider-than-expected loss in broadband customers. However, the cable company's earnings did top estimates.
Yahoo Finance's <a data-i13n="cpos:2;pos:1" href="https://www.yahoo.com/author/bradley-smith/?.tsrc=fin-srch">Brad Smith</a> and <a data-i13n="cpos:3;pos:1" href="https://www.yahoo.com/author/seana-smith/?.tsrc=fin-srch">Seana Smith</a> break down the details of Comcast's quarterly performance, dissecting the factors behind the company's strengths and weaknesses.
For more expert insight and the latest market action, click <a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode of Morning Brief.
This post was written by <a data-i13n="cpos:5;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

Shares of Comcast (CMCSA) are trading lower Thursday, after the media giant reported its first quarter results. While the company added 3 million paid subscribers to its streaming platform Peacock, it reported a wider-than-expected loss in broadband customers. However, the cable company's earnings did top estimates. Yahoo Finance's Brad Smith and Seana Smith break down the details of Comcast's quarterly performance, dissecting the factors behind the company's strengths and weaknesses. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Comcast Q1: Broadband subscriber loss weighs on stock

Data management software company Rubrik (<a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/RBRK?.tsrc=fin-srch">RBRK</a>) is poised to make its highly anticipated debut on the New York Stock Exchange. The <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/video/rubrik-data-security-firm-files-141144453.html">initial public offering (IPO)</a> will see the company's shares listed on the exchange under the ticker symbol "RBRK" with an initial offering price of $32 per share. Rubrik is backed by Microsoft (<a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/quote/MSFT?p=MSFT&.tsrc=fin-srch">MSFT</a>), which holds a stake in the company.
Yahoo Finance Executive Editor <a data-i13n="cpos:4;pos:1" href="https://www.yahoo.com/author/brian-sozzi/?.tsrc=fin-srch">Brian Sozzi</a> sheds light on the company's operations and what this listing means for the broader technology sector.
For more expert insight and the latest market action, click <a data-i13n="cpos:5;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode of Morning Brief.
This post was written by <a data-i13n="cpos:6;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

Data management software company Rubrik (RBRK) is poised to make its highly anticipated debut on the New York Stock Exchange. The initial public offering (IPO) will see the company's shares listed on the exchange under the ticker symbol "RBRK" with an initial offering price of $32 per share. Rubrik is backed by Microsoft (MSFT), which holds a stake in the company. Yahoo Finance Executive Editor Brian Sozzi sheds light on the company's operations and what this listing means for the broader technology sector. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Rubrik to debut on NYSE, IPO priced at $32 per share

The first-quarter US GDP (gross domestic product) print <a data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/news/gdp-us-economy-grows-at-16-annual-pace-in-first-quarter-falling-short-of-estimates-123328472.html">grew by 1.6%, a slower pace than was expected</a> for the quarter. Carson Group Chief Market Strategist Ryan Detrick joined the Morning Brief to discuss his market outlook following pressures sparked by the latest data print.
Detrick points out that, historically, markets "tend to be a little weak" at the start of <a data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/video/fed-rate-cut-around-election-140730992.html">an election year</a>, calling the current market environment "normal." He is not "overly concerned that the economy's slowing down" when taking the GDP print into account. Detrick expresses optimism that the economy is moving in the right direction, stating that "inflation's not perfect"; however, he still believes that two to three <a data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/video/dont-expect-fed-rate-cuts-205946235.html">interest rate cuts could materialize in 2024.</a>
On the earnings front, with markets spooked after Meta Platforms' (<a data-i13n="cpos:4;pos:1" href="https://finance.yahoo.com/quote/META?.tsrc=fin-srch">META</a>) <a data-i13n="cpos:5;pos:1" href="https://finance.yahoo.com/news/meta-q1-earnings-135049624.html">earnings report and second-quarter guidanc</a>e, Detrick cautions against drawing broad conclusions from a single company's performance: "It's hard to just say one company matters for everybody." However, he advises adopting a neutral stance on Big Tech due to group's pricy stocks.
For more expert insight and the latest market action, click <a data-i13n="cpos:6;pos:1" href="https://finance.yahoo.com/video/meta-ibm-sink-earnings-american-113017324.html">here</a> to watch this full episode of Morning Brief.
This post was written by <a data-i13n="cpos:7;pos:1" href="https://www.yahoo.com/author/angel-smith/">Angel Smith</a>

The first-quarter US GDP (gross domestic product) print grew by 1.6%, a slower pace than was expected for the quarter. Carson Group Chief Market Strategist Ryan Detrick joined the Morning Brief to discuss his market outlook following pressures sparked by the latest data print. Detrick points out that, historically, markets "tend to be a little weak" at the start of an election year, calling the current market environment "normal." He is not "overly concerned that the economy's slowing down" when taking the GDP print into account. Detrick expresses optimism that the economy is moving in the right direction, stating that "inflation's not perfect"; however, he still believes that two to three interest rate cuts could materialize in 2024. On the earnings front, with markets spooked after Meta Platforms' (META) earnings report and second-quarter guidance, Detrick cautions against drawing broad conclusions from a single company's performance: "It's hard to just say one company matters for everybody." However, he advises adopting a neutral stance on Big Tech due to group's pricy stocks. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

Market pressure is 'normal' despite slowing GDP: Strategist

Jack

Olivia Newton-John, actress and singer best known for her role as Sandy in "Grease," passed away at the age of 73 on Monday.

Actress and singer Olivia Newton-John dies at 73

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Olivia Newton-John, actress and singer best known for her role as Sandy in "Grease," passed away at the age of 73 on Monday.

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Actress and singer Olivia Newton-John dies at 73

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