Editorial companion

What stands out

Schwab Network's Morning Minute led with three compact premarket items: Nike's disappointing earnings, Guggenheim upgrading ServiceNow, and a report that Meta Platforms talked about buying Kalshi, the prediction-market operator. Those three headlines compress different forces investors should be watching this quarter, consumer demand stress at a household brand, enterprise software still posting robust growth, and big tech exploring adjacent marketplaces and data plays. For a disciplined investor the clip is a reminder that single headlines tweak positioning rather than rewrite multi-year theses: treat each as a data point, not a verdict.