Tuesday’s Final Takeaways: Consumer Confidence Sinks, Oura Delays IPO

financial future.me back to Market on Close. I'm Marley Kayden here in Chicago alongside Sam Vardys at the New York Stock Exchange. Some final th on the session today. I took it out focus. We got consumer confidence released this morning. It plunged i September with the conference board's index f 6.7 points to 81.9.t's the lowest level since April of 2014. It was also well below expectations for a reading of around 89. Consumers are increasingly worried about the cost of goods and services, particularly gas andrgy, while concerns about the labor market are also intensifying. The present situation index fell nearly eight points, while the expectations index dropped to 63.6 as crs said they expect both business conditions and the labor market to weaken over the next six months. And speaking of the labor market, U.S. job openings fell in August, dropping to 7.079 millionm 7.335 million in July and coming in below the consensus estimate. This pushed the job openings rate down to 4.3%. The d was concentrated in professional and business services and health care and social assistance, while openings incr in accommodation and foodervices and retail. The report doesn't show a dynamic labor m but it also isn't deteriorating acros board. Hires act increased to 5.192 million, while layoffs fell to 1.641 million and the quits rate held steady at about 1.9%. Sam, what cauur eye during the session today? Well, as I was speaking to Daniel about, I mean, we learned a lot about plans to go public and to delay going p today. Aura became the lat to make a U-turn on its IPO, citing market uncertainty. It was expected to price today for its public debut on the Nasdaq. It's not clear what the new date is. The company is, of course, as we know, in the business o health and fitness and wearables. It announced plans to go public last week and is looking to raise up to $2.2 billion. It's latest company to push back pla now for its IPO after OpenAI SB energy. We know that's a valu concern, but also Holtec energy. Some have highlighted how the timing is notable because the market is waiting for the release of Apple's updated health a But there's also been some suggestion that compani just finding it hard to compete for market attention right now with Anthropic's IPO on therizot was a big story today. Reuters saying it managed to get its hands on that leaked copy of a prospectus, which revealed a net loss of $42 billion in 2025t plans to spend $518 billion on obligations over next few years. What's got some concern, though, as I was speaking to Daniut, is that it reportedly said nearly a quarter of its revenue comes from just two customers raising concentration worries. The other fear is that anthropic reportedly plans to warn investors that models pose a catastrophic existential risk to hum and that it can have self preserving behaviors like resisting, shut down and resembling blackmail. So that very much caught a lot of people's attention today. But heading into tomorrow, it's a big day. Molly, what are you going to be focused on? You jus. Micron's earnings. We've g them after the close. The bar is extre high, Sam. Wall Street is looking for about $50.86 billion inue, which would represent about a 350% growth year over year EPS consensus, around $31.45, versus the $3.03 it posted a year ago. That' roughly 938% year over year growth. Demand and pricing for Dram and Nand, o. But margins,uably the biggest potential stock moving number B of A is expecting a percentagethe mid 80s. Now last quart as you know we saw micron beatxpectations and still fall double digits response. So the question now is c they say or do eugh this quarter to get a positive reac Because whichever have major ripple effectscan across the broader and semiconductor trade. Butt will you be watching, Sam. Oh for sure, for sure. Well, early inhe morning, obviously it's all about the PCE. And that is because it is the Fed'seferred . And obviously off theof the previous 25 basis hike. Any evidence that that core inflation is remaining sticky and stubborn. And that could fuel these expectations and build the case for another hike are going to be very closely watched. So we're going the open, particularly when it comes to the bond market. Molly. Well that's going to dor us today. A busy day ahead tomorrow, Sam. But we want to thank you fng with us today on Marketn close for Sam.