Brian Sozzi

    Executive Editor

    Brian Sozzi is Yahoo Finance’s Executive Editor. He hosts executive interviews on Yahoo Finance Live, Yahoo Finance's 'Lead This Way' digital series and at major conferences such as the World Economic Forum in Davos and the Milken conference. He is also the host for the Opening Bid podcast and leads direction for Yahoo Finance's annual 'Invest' conference. Sozzi was previously the Executive Editor of publicly traded financial media company TheStreet. He led editorial direction for multimedia publications TheStreet, The Deal, several subscription news and data services, video and the company's conference business. He was a member of TheStreet's executive management team and reported directly to the founder, CEO and chairman. Sozzi began his career on Wall Street as a sell-side stock analyst covering retailers, banks and numerous other sectors. He won the 2011 FT | StarMine Analyst Award for No. 3 Earnings Estimator in the Textiles Apparel and Luxury Goods Industry.

  • Intel suspends dividend, cuts $10B in costs: CEO reacts

    Intel (INTC) plans to lay off roughly 15,000 employees this year and will stop paying its dividend, as the chipmaker tries to cut costs. The company said third quarter revenue will be $12.5 billion to $13.5 billion, which was below analyst expectations. Intel has already been struggling to keep up with competition in the AI chip space, including Nvidia (NVDA) and Taiwan Semiconductor (TSM). In an interview with Yahoo Finance Executive Editor Brian Sozzi, Intel CEO Pat Gelsinger addressed the cost cuts and layoffs saying, "The capex reductions are about making a more efficient Intel." And when it comes to the disappointing third quarter guidance Gelsinger said, "We see the market recovering more slowly than we indicated at the start of the year." For the second quarter, Intel missed expectations for both earnings and revenue. The company reported earnings per share (EPS) of $0.02 on revenue of $12.8 billion. Analysts were looking for EPS of $0.10 and revenue of $12.9 billion. This post was written by Brian Sozzi and Rachel Sherman.

  • Intel CEO: We are going through our biggest restructuring in 40 years

    Intel shocks investors, plain and simple.

  • Top strategist's election warning for traders: Opening Bid

    President Biden's decision to drop out of the 2024 presidential race serves as a reminder that, in the world of politics, things can change quickly. For traders, it means you shouldn't back up the truck and go all in on trading potential White House winners and losers.Now more than ever it is important to remember that what companies are doing today and into the future are the biggest determinants of their stock prices.In other words, the fundamentals of investing still matter! Yahoo Finance Executive Editor Brian Sozzi chats with former Bridgewater Associates Chief Investment Strategist Rebecca Patterson."The most important thing for investors is that you have to put all the possible policy changes in aggregate," she says of the election, adding that you have to look at what has "already been priced in."For context, Bridgewater Associates is the largest hedge fund in the world and arguably the most influential in markets. Patterson reveals her best investing strategies that brought her success at Bridgewater and in her prior positions at JPMorgan. Patterson is a fan of currencies and looks to demystify the process of making money on pieces of paper such as the US dollar and the Japanese yen."I was writing for Dow Jones and JPMorgan called," Patterson recalls about her earlier career. "To me currency markets are the intersection of everything," she adds. She also weighs in on all things crypto and whether or not it really can become a "super power." Watch Opening Bid on our website or listen on your favorite podcast platform.

  • Pete Buttigieg on airline junk fees, Vice President Kamala Harris's economic agenda

    Transportation Secretary Pete Buttigieg takes more action against the airline industry.

  • Secy. Buttigieg talks airline fees, Boeing, Biden admin.

    Yahoo Finance executive editor Brian Sozzi welcomes US Secretary of Transportation Pete Buttigieg on Market Domination to discuss the Biden administration's new consumer protections for airlines customers, also weighing in on Boeing's (BA) CEO changeup. Buttigieg addresses the Department of Transportation's new rule targeting airline "junk fees," calling the practice of charging parents to sit next to their children "troubling" in "terms of severity." The rule aims to eliminate such fees across the airline industry. He notes that customers appreciate these consumer protections, suggesting they "build confidence in that sector instead of passengers being so frustrated all the time." Boeing has picked Robert Kelly Ortberg to succeed Dave Calhoun as CEO starting in August following major safety concerns and federal investigations this year. "We'll be watching that leadership change closely," Buttigieg says. "I want to know what steps he thinks can be taken and what he is committed to leading in order to make sure that Boeing puts safety and quality first," he tells Yahoo Finance. Turning to the election, Buttigieg praises the Biden administration's economic approach. He argues that the administration has proven it's possible to be "pro-consumer" and "pro-little guy" while still being pro-business. He notes that while they fight for labor protections, "companies are doing great" and "everyone has been better off." "These things can go hand in hand," he tells Yahoo Finance, emphasizing the administration's balanced approach to economic policy. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

  • Wingstop is in 'a category of one': CEO talks expansion

    Wingstop (WING) reported second quarter earnings that exceeded expectations on both revenue and profit. Wingstop CEO Michael Skipworth joins Market Domination alongside executive editor Brian Sozzi to discuss the buffalo wing chain's success. Skipworth emphasizes that the second quarter results demonstrate Wingstop operates "in a category of one." The company saw significant growth in same-store sales and transactions during the quarter, with franchise owners opening more restaurants. Skipworth describes it as "a record quarter for the brand." "We have so much momentum in the brand right now," he tells Yahoo Finance, highlighting the company's continued expansion, ability to resonate with consumers, and strong returns for franchise owners. Skipworth believes the fast food chain can open "over 10,000 restaurants globally." Despite general consumer weakness, Skipworth notes that customer frequency is up, with growth across all income cohorts. He states, "I think we're just in a completely different category than other brands right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

  • A Fed rate cut could be a revolutionary moment: Former Fed nominee Judy Shelton

    People shouldn't be cheering a potential Fed rate cut this fall, explains longtime economist Judy Shelton.

  • The Fed has become political and could swing the election: Judy Shelton

    "President Trump stood by me", says Dr. Judy Shelton, a one-time nominee by the former President to join the Federal Reserve board in 2020.She goes through a process she calls "hurtful"."I was honored I was put forward", she adds. Some consider Shelton to be on the shortlist for consideration as Fed Chair if former President Trump wins four more years in the White House.Shelton was slammed by lawmakers throughout the nominating process for her support of the gold standard, among other more aggressive ideas to improve the economy and financial markets.Shelton goes on to speak with Yahoo Finance Executive Editor Brian Sozzi about the idea of reform at the Fed, and the view it should become "less powerful" and "less political". Brian Sozzi goes in-depth with Dr. Judy Shelton, who is out with a new book called “Good as Gold: How to Unleash the Power of Sound Money.” You can watch the full episode here. 

  • T-Mobile earnings beat: CEO talks results, AI excitement

     T-Mobile (TMUS) reported second quarter results that topped Wall Street estimates on both the top and bottom lines. The telecom giant also added more monthly subscribers than expected. T-Mobile CEO Mike Sievert tells Yahoo Finance executive editor Brian Sozzi the company posted "fantastic performance across the board." Despite growing concerns about a consumer slowdown, Sievert notes that phones are "essential," and even though customers aren't upgrading their phones like they used to, he notes the company's "bad debt rate" was only 1.4% in the quarter, saying "T-Mobile customers are better payers than AT&T or Verizon customers." When it comes to AI, Sievert says the company is excited about it because customers are excited about it. On the possible launch of an Apple (AAPL) iPhone with more generative AI features, he says that a lot of the features will be available to existing iPhone users, so it's still to be determined whether it would spur a new upgrade cycle, but T-Mobile will be prepared either way. Watch the video above to hear why Sievert says the company is not currently in talks to make more acquisitions. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.

  • Why the Fed should target 0% inflation: Fmr. Trump Fed nominee

    Economic improvement over time is supposed to be achieved by having vigorous debate from those with varying perspectives. No one has a monopoly on great ideas that could unleash economic empowerment for households and economics. But as if often the case on these fronts, those with more fierce views on how to improve things can sometimes get put in a box and labeled as too extreme. That is where one could find Judy Shelton, a one-time nominee by former President Donald Trump to join the Federal Reserve board in 2020. Shelton was slammed by lawmakers throughout the nominating process for her support of the gold standard, among other more aggressive ideas to improve the economy and financial markets. Shelton didn’t win approval for the Fed board, but remains close to the Trump camp and is reportedly on his shortlist to be the Fed chair should he win four more years in the White House. Yahoo Finance Executive Editor Brian Sozzi goes in-depth with Judy Shelton, who is out with a new book called “Good as Gold: How to Unleash the Power of Sound Money.” In the latest episode of Opening Bid, the pair discuss some of her perceived controversial ideas and if she has any interest in being Fed chair.

  • How the 2017 Trump tax cuts have impacted P&G: CEO explains

    Under former President Donald Trump, the Tax Cuts and Jobs Act of 2017 lowered the corporate tax rate to a flat 21%. The law is set to expire in 2025, however. Procter & Gamble CEO Jon Moeller (PG) sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the corporate tax rate and how it has impacted business. "If you just look at our investment in the US pre and post-the 2017 act, it's up significantly. Our employment is up significantly. And importantly, our taxes, the taxes we're paying to the US government, are up significantly. So it's really led to significant economic activity in this country," Moeller tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • Why shoppers aren't 'cautious' across the board: P&G CEO

    Procter & Gamble CEO Jon Moeller (PG) sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the company's performance and the state of the consumer amid reports of consumers becoming more discerning with purchases. While Moeller does not doubt that some shoppers have been "more cautious," he notes that P&G data, such as the volume share of private labels, which tracks "trade down in our categories," is "unchanged" when compared to pre-pandemic periods and the last couple of quarters. For China and the state of its consumers, Moeller comments: "It's slow. We have very strong expectations for the mid-term and the long term, but we have accepted the short-term reality that things are going to be slower than they were from a growth standpoint, certainly, than pre-COVID. So, for example, in the quarter we just completed, a big driver of the numbers we talked about was, in fact, China, where sales were down 9%." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • P&G CEO on earnings, more cautious consumers, and Trump tax cuts

    P&G chair and CEO Jon Moeller weighs in on the impact of the Trump tax cuts and how consumers are spending right now.

  • Economic issues on the minds of voters: Montgomery, AL Mayor

    Mayor of Montgomery, Alabama; African American Mayors Association President Steven L. Reed joins Catalysts to discuss what economic issues are on the minds of voters and how Vice President Kamala Harris would address those concerns if she wins the presidency in November. "The price of groceries are going up, not having the dollar go as far as we would like to see it... We're very sensitive to that on the local level. We're sensitive to that at every level, and pushing those ideas all the way to the Biden-Harris administration. And those are things that really matter to voters. What are you doing to help me get ahead and make sure that my family is taken care of? And again, I think the vice president has a plan for that, that she'll be sharing." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino

  • Apple sentiment has 'turned positive': Analyst

    Apple (AAPL) shares are trending higher following TD Cowen's decision to raise its price target to $250 from $220 on the stock. TD Cowen's managing director and senior research analyst Krish Sankar joins Morning Brief to discuss this call ahead of Apple's second-quarter earnings report due Thursday. Sankar notes that the "stock has had a pretty good run" in recent months, largely driven by AI hype. He acknowledges that there were significant concerns surrounding Apple, including a slowdown in China and the lack of a clear AI strategy. However, he points out that share loss in China has stabilized, and the company's AI strategy is now more evident with Apple Intelligence. "I think you're kind of having a setup where things have turned positive for Apple from a sentiment standpoint," he told Yahoo Finance. Despite this optimism, Sankar cautions that Apple's AI initiatives will not drive "a massive AI refresh driven by the phone this year." He suggests that such developments are more likely to materialize in 2025. 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

  • Will the Fed rock the boat at the July meeting? : Catalysts

    The Federal Reserve will hold its 2-day meeting starting July 30, with many investors expecting no change in interest rates for July, but investors are watching messaging from Fed leadership to see if a rate cut could be in the cards for September. The Federal Reserve has been reducing its balance sheet, although it still remains above pre-pandemic levels.BlackRock Senior Portfolio Manager on the Global Tactical Asset Allocation team Tom Becker joined the show to give insight into the Fed's balance sheet and how what the central bank does it with it can impact the broader market. McDonald's (MCD) second quarter results missed expectations across the board, with global same-store sales decreasing 1%, marking the first quarterly decline in that metric since fourth quarter 2020, during the COVID shutdowns. Wedbush Managing Director, Equity Research - Restaurants Nick Setyan joins the show to give insight into McDonald's latest quarterly report. Tesla (TSLA) stock is gaining ground in Monday's trading session following a bullish call from Morgan Stanley. Analyst Adam Jonas has designated the electric vehicle maker as a top pick, citing Tesla's potential to generate positive cash flow after implementing cost-cutting and restructuring measures. Koninklijke Philips (PHG) (Royal Philips) shares are surging in Monday's trading session following the company's report of a 2% year-over-year increase in comparable group sales. Additionally, strong demand in North America has successfully offset the pullback experienced in China. Vice President Kamala Harris has gained ground in the polls in the early days of her campaign, but can she keep up that momentum?Mayor of Montgomery, Alabama; African American Mayors Association President Steven L. Reed joined the show to give insight into the Harris campaign and how it can continue to hold momentum, reaching to a wide audience. For more expert insight and the latest market action, click here

  • McDonalds Q2 stumble, bitcoin rises, small-cap potential: Morning Brief

    On today's episode of Morning Brief, hosts Brian Sozzi and Brad Smith cover a wide range of market topics, including earnings reports, trending stocks, and potential gains in small-cap companies. The focus is on earnings as McDonald's (MCD) reports results that fell short of analyst expectations on both revenue and profit. This comes at a crucial time, with 171 S&P 500 (^GSPC) companies scheduled to report this week. State Street senior global macro strategist Marvin Loh joins the show to discuss how these earnings results might impact the broader market. There is also attention paid to bitcoin (BTC-USD), which is rising after former President Donald Trump made some bullish comments at an industry conference. The show then turns attention to stock reactions for several trending tickers, including Alibaba (BABA), Abbott Laboratories (ABT), Heineken (HEIA.AS), and ON Semiconductor (ON). The show concludes with an in-depth analysis of a note from Lori Calvasina, RBC Capital's US head of equity strategy. Calvasina suggests that small-cap stocks may have an opportunity for short-term gains. This post was written by Angel Smith

  • Why VP Harris's campaign is just getting started: Mayor

    Vice President Kamala Harris has gained ground in the polls in the early days of her campaign, but can she keep up that momentum? Mayor of Montgomery, Alabama; African American Mayors Association President Steven L. Reed joins Catalysts to give insight into the Harris campaign and how it can continue to hold momentum, reaching to a wide audience. "She has the only campaign that has offices across several states that has a volunteer list the size, almost 200,000 now, volunteers are getting up to that level. Those are people who want to knock doors and talk to their neighbors, talk to their coworkers about what's at stake in this election and what it means, again, for their pocketbooks, what it means for their savings accounts, their college savings accounts, what it means for their retirement plans. " says Reed. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino

  • Nvidia & AI: 'Not sure we’re at bubble yet'

    AI is still the word, but on the latest episode of 'Opening Bid' Brian Sozzi asks the pivotal question: has some form of bubble burst? “I’m not sure we’re at bubble yet” says Drew Pettit, Citi Director of US Equity Strategy. “I’m hesitant to use that word” he adds. Drew was speaking with Brian Sozzi with Nvidia’s earnings report on the horizon. Will the stock viewed by many as the titan of the AI space outperform when it announces second-quarter earnings results?  “Nvidia is beating earnings, it actually has earnings, which is a good starting point” says Drew. Nvidia is also “raising guidance” he adds, saying his work tells him these companies “need to beat and raise”. Look for all this, as well as Drew Pettit's take on the 2024 election cycle, and what he sees as the canary in the coal mine. "No one wants to address deficits" he says candidly. 'Opening Bid' brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens. You can watch the latest full episode here.

  • 2024's most popular trades are losing steam: Why it matters

    Some of the top trades from the first half of 2024 are not looking so hot at the moment. Investors are swapping Big Tech stocks for small caps, which they think will get a boost from a Federal Reserve rate cut. The yen (JPY=X) and copper (HG=F) are also well off their highs. Catalysts anchors Brian Sozzi and Madison Mills explain why it should serve as a reminder to investors: things don't go up in a straight line. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Stephanie Mikulich.