CNBC Daily Open: Did Apple’s shiny new things uplift markets?

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Broad rebound
U.S. stocks rebounded on Monday after posting huge losses last week. It was a broad rally across assets: Oil prices gained 1% and bitcoin rose 4.42%. Europe's Stoxx 600 index added 0.82%, its first positive movement in days. While the rally was quite broad, fashion houses fell out of favor with shares of Burberry, Hugo Boss and Kering retreating.

New iPhones
Apple unveiled lots of new products on Monday night. Highlights: the iPhone 16 Pro and Pro Max get larger screens, while their non-pro siblings finally get the Pro's "action" button; the freshly redesigned Apple Watch Series 10; AirPods 4 earbuds. Apple's AI features will launch in beta on the new iPhones — investors will monitor if they push up flagging iPhone sales.

Debate over rate cuts
Economists such as George Lagarias of Forvis Mazars think a 50-basis-points rate cut "might send a wrong message to markets." Michael Yoshikami, CEO of Destination Wealth Management, however, thinks it would be "a very positive sign," echoing Nobel Prize winner Joseph Stiglitz's opinion that a 50-point cut should be on the table.

$400 million hit to Goldman
Goldman Sachs will post a roughly $400 million pretax hit to its third-quarter results, said CEO David Solomon at a conference on Monday, as the bank winds down its ill-fated foray into consumer banking. Those ventures include Goldman's GM Card business and a separate portfolio of loans.

[PRO] Macro factors don't sway Buffett
In recent weeks, markets have gyrated because of concerns over the