Yahoo Finance Senior Reporter Allie Canal outlines three things Wall Street is watching on Wednesday, Aug. 27.
Nvidia (NVDA) releases quarterly results after the closing bell, with options traders expecting the earnings print to have a significant market impact.
President Trump is placing a 50% tariff on imports from India, a reaction to India buying Russian oil.
Cracker Barrel (CBRL) is bringing back its old logo after backlash, with Trump weighing in.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief.
Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Akiko Now. Let's get to the three things you need to know today. First up, US stock futures holding steady as investors await Nvidia earnings. The world's most valuable company out with results after the bell. Nvidia's on again, off again sales in China are likely to make it difficult to provide a clear outlook when it reports. Still, options traders are betting the results will have a massive market impact. Plus President Trump imposing a 50% tariff on Indian goods to punish the country for buying Russian oil. The levies will hit more than 55% of goods shipped to the US, which is India's biggest market. The tariffs will also hurt labor intensive industries like textiles and jewelry. Key exports like electronics and pharmaceuticals are exempt. That spares Apple's massive new factory investments in India, at least for now. And Cracker Barrel making a u-turn on the back of widespread backlash to the company's brand refresh. The restaurant chain is changing its logo again. The reversal follows a string of share losses in recent days. Even President Trump weighed in on the matter, saying the brand should restore its old logo and apologize. He went on to thank them for changing back to their old look.

