US stocks climb on strong earnings as oil prices and bond yields slide

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A trader works at the New York Stock Exchange NYSE

(Photo by Michael Nagle/Xinhua via Getty Images)

  • Strong earnings reports helped end this year's longest losing streak for stocks.  
  • Microsoft and Alphabet will release their quarterly earnings after markets close.
  • Crude oil fell on Tuesday, while Treasury yields continued to ease.

US stocks snapped this year's longest losing streak on Tuesday, as earnings reports continued to top expectations.

Lead

'Steve Jobs' biographer Walter Isaacson says Apple will be the company 'most hurt' if economic tensions between US and China escalate

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Apple CEO Tim Cook attends China Development Forum in 2017
Apple CEO Tim Cook recently made his second public visit to China this year amid challenges like a reported investigation into major iPhone supplier Foxconn.

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  • As some US companies cut back on their dependence on China, Apple could be hardest hit, says Steve Jobs' biographer.
  • Walter Isaacson told "Squawk Box" that "it'll be hardest" for Apple to decrease reliance
Economy

Toyota unveiled a small electric pickup truck that could take on the F-150 Lightning and Ford Maverick

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The Toyota EPU pickup concept.
The Toyota EPU pickup concept.

Toyota

  • Toyota revealed an electric pickup truck concept on Saturday ahead of the Japan auto show. 
  • The Toyota EPU is a small, battery-powered truck that's about the size of the Ford Maverick. 
  • Toyota hasn't said whether the EPU will go into production. 

Unsatisfied with the current selection of electric pickup trucks out there? Toyota may have you covered.

The Japanese

Gas prices have fallen 9% from their peak this summer, in a good sign for inflation

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US gasoline prices
Prices at the pump hit a record high in June but have since cooled somewhat.

AFP/FREDERIC J. BROWN/Getty Images

  • The average price for a gallon of gas has fallen to about $3.50, according to data from GasBuddy.
  • That's good news for inflation, as investors and consumers are both hoping that price increases continue to dissipate.
  • GasBuddy attributed the 9% decline in gasoline prices since early September

How small-business owners can raise prices while keeping customer satisfaction high, according to founders who've done it

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Headshot of Hyacinth Tucker in a dark blue sleeveless shirt with a blue background
Hyacinth Tucker, the founder and CEO of The Laundry Basket.

EYEImagery

  • Raising prices is an inevitable part of owning a small business.
  • One founder said that small-business leaders should focus on the value they bring to customers.
  • Open communication is also important, another CEO said. 
  • This article is part of "Small Business Playbook," a series exploring leadership challenges and the solutions

A biotech firm founded by Vivek Ramaswamy turned $15 million into $5 billion by flipping a bowel-disease treatment that Pfizer gave it for free

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Vivek Ramaswamy
Conservative entrepreneur Vivek Ramaswamy

Scott Olson/Getty Images

  • Roche acquired a bowel-disease treatment from Roivant for over $7 billion, the Wall Street Journal reported.
  • Roivant made $5 billion from the sale, after having only spent $15 million on development.
  • Pfizer originally passed it over to Roivant for free last December.

Roche's acquisition of a bowel-inflammation treatment delivered a

James Webb Space Telescope discovers Jupiter has a jet stream whipping around the planet at 320 mph, twice as fast as Earth's fiercest hurricanes

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image of Jupiter's jet stream around planet
The high-speed jetstream can be seen around Jupiter's equator.

NASA, ESA, CSA, STScI, Ricardo Hueso (UPV), Imke de Pater (UC Berkeley), Thierry Fouchet (Observatory of Paris), Leigh Fletcher (University of Leicester), Michael H. Wong (UC Berkeley), Joseph DePasquale (STScI)

  • NASA scientists were surprised to discover a high-speed jet stream near Jupiter's equator.
  • The 3,000-mile-wide band of wind is