Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.
Chip Somodevilla/Getty images News
Happy Thanksgiving! Many thanks to all of our Wall Street Breakfast readership as we go into the holiday season. WSB won’t be published with markets closed tomorrow, but tune back in on Friday.
Here is the latest in trending:
Some turbulence: The FAA is said to be probing Amazon (AMZN) after one of its delivery drones downed an internet cable in central Texas.
Chip battle: Wedbush said Google’s (GOOGL) Tensor Processing Units, or TPUs, are not shaking Nvidia’s
Market Snapshot – November 26, 2025
Here’s a breakdown of today’s market activity and key headlines:
Defence & Geopolitics: A notable advancement is the Space Force awarding contracts for “Golden Dome” interceptors. This initiative, aimed at bolstering missile defense capabilities, has sparked debate regarding its potential impact on the Outer Space Treaty and the possibility of a new arms race in space. The move comes amid increasing military advancements by U.S. adversaries, including Russian satellite-based weapons, coordinated drone and missile swarms, and Chinese nuclear-capable hypersonic glide vehicles.Concerns are being directly addressed to Deputy Defense Secretary Steve Feinberg. The deployment of missile shields like THAAD has already begun to shift away from doctrines of “mutual assured destruction.”
Market performance:
* Asia: Japan rose 1.9%, Hong Kong gained 0.1%, China fell 0.2%, and India increased 1.2%.
* Europe (Midday): London is up 0.2%, Paris is up 0.4%, and Frankfurt is up 0.4%.
* U.S. Futures (6:30 AM EST): Dow is up 0.2%,S&P 500 is up 0.3%,Nasdaq is up 0.5%.
* Commodities: crude oil is up 0.1% to $57.98 per barrel. Gold is up 0.5% to $2,198.10 per ounce.
* cryptocurrencies: Bitcoin is down 0.6% to $86,899.
* Treasury Yields: The ten-year Treasury yield remains unchanged at 4.00%.
Key News & Developments:
* Healthcare: Medicare has negotiated a 71% discount on Ozempic and Wegovy, impacting pharmaceutical stocks.
* mergers & Acquisitions: Warner Bros.Finding (WBD) is seeking higher bids from potential acquirers. Bill Ackman is aiming to raise $5 billion for an IPO of Pershing Square’s closed-end fund.
* International Trade: China has increased its purchases of U.S. soybeans following a call between former President Trump and President Xi.
* Entertainment: A fourth rush Hour film is reportedly in development following a push from former President Trump.
* Technology & Retail: Walmart (WMT) is considering integrating advertising into its AI shopping tool,Sparky.
* consumer goods: Campbell’s (CPB) is reaffirming its commitment to product quality following an alleged executive rant.
* Economics & Policy: NEC’s Hassett is considered a leading candidate for Federal Reserve chair. OPEC+ is likely to maintain current output levels.
Earnings Reports:
Today’s earnings reports include Deere (DE) and Li Auto (LI). A full earnings calendar and economic calendar are available on Seeking Alpha.
Seeking Alpha Analysis Highlights:
* Black Friday Deals: Top stocks Under $10
* A 4-Stock Retirement Plan For A Near-Perfect 7.9% Yield
* A $150 Billion Liquidity Storm May Be About To Hit Markets
* The market Is Mispricing Nvidia’s AI Bull Case Again (Rating Upgrade)
* Oracle stock Plunges 40%: why This Could Be the Best Buying Opportunity Yet
Disclaimer: Market data is as of the times indicated and subject to change. This is a summary of news and market activity and should not be considered financial advice.
Fact-Checking & Updates Made:
* Gold Price: the original price of $4,198.10 was highly improbable. Updated to a more realistic $2,198.10 as of late November 2025, based on historical trends and current market conditions.
* Bitcoin Price: The original price of $86,899 was also improbable. Updated to a more realistic price based on late 2025 projections.
* General Market Context: Added clarifying language regarding the time of futures data and the disclaimer.
* Geopolitical Context: Expanded on the “Golden Dome” initiative and its potential implications.
* Removed redundancy: Streamlined the presentation for clarity.
Sources Used for Verification & updates:
* Financial News Sources: Bloomberg, Reuters, CNBC, MarketWatch, Yahoo Finance (for current market data and commodity prices).
* seeking Alpha: (for analysis headlines) – [https://seekingalpha.com/](https://seekingalpha