Stock market, Home Depot earnings, stablecoin bill: 3 Things

00:00 Alison Mills

Welcome to Yahoo! Finance’s flagship show, the Morning Brief. I’m Alison Mills. Let’s get you the three things you need to know today.

00:07 Alison Mills

First up, US stock futures falling this morning after stocks closed out six consecutive days of gains on the brink of a bull market. For investors wondering if the rally’s run its course, JP Morgan’s CEO has a warning. Jamie Diamond telling shareholders at the firm’s Investor Day that he thinks markets are too complacent amid a slew of mounting risks, citing tariffs, credit spreads, and geopolitics.

00:36 Alison Mills

Plus, Home Depot out with results posting worse than expected same store sales for the quarter, down about 3/10 of a percent from a year ago. The company did, however, keep its guidance for the fiscal year. Management signaling they will maintain prices. Shares reflecting a better than feared reception on Wall Street.

01:01 Alison Mills

And a big win in Washington for the crypto industry. Stablecoin legislation overcoming a procedural blockade in the US Senate, marking a major victory for the crypto industry after a group of Democrats had opposed, had dropped their opposition. The industry backed regulatory bill is now set for debate on the Senate floor with a bipartisan group hoping to pass it as soon as this week. Democrats had initially opposed the bill due to concerns over President Trump’s crypto dealings.