Market update for October 8, 2026 Limited Time Promo: Sign up for a Public account, deposit $1,000 and get $100 in free stock (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: What the highest Treasury yields since 2002 are doing to stock prices Why PepsiCo lowered its outlook even after beating estimates Paramount and Warner Bros. finally become one company, and the bill comes due Palantir gets an upgrade from Goldman Sachs Levi&#x27;s earnings get a boost from tariff refunds Webull slides after a House report on its ties to China Halloween&#x27;s biggest spending category (hint: it&#x27;s not candy)

Paramount-Warner Deal Closes with $79B in Debt, Pepsi Cuts Its Outlook 

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Thursday, October 8th. In today's episode, we'll tell you why the stock market is actually getting cheaper despite sitting near record highs. We'll also tell you why Pepsi is raising prices again and the media company taking on debt as if they're a hyperscaler.

Then stick around to the end of the show to find out why spending on Halloween continues to surge. We got a great show for you today. Let's go. Well, stocks took a breather on Wednesday with the S&P and NASDAQ both dropping about 0.2% from their record highs and putting an end to their mini-win streak. The S&P had gone up for four days in a row and the NASDAQ was up for five days.

The bond market had a pretty wild day yesterday. At one point, the 10-year treasury yield climbed to above 5.36%, which was the highest level since 2002. But then the U.S. Treasury held an auction to sell $39 billion of 10-year treasury bonds and there was a healthy demand for those bonds. And after the auction, yields dropped to around 5.28%. Now, yields are still at 20-year highs. And on yesterday's show, I mentioned that the stock market was somewhat ignoring the higher yields.

But that's actually not true. Stocks are feeling the pressure from the higher bond yields. The S&P 500 now trades at about 19.3 times expected earnings, which is down from the 22 times at the start of the year. So that means that investors are paying less for each dollar of expected profits than they were at the start of the year.

Paramount-Warner Deal Closes with $79B in Debt, Pepsi Cuts Its Outlook

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Paramount-Warner Deal Closes with $79B in Debt, Pepsi Cuts Its Outlook

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.