Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to have you here on this Friday, January 2nd. I'm Julie Morgan.

Wall Street is hoping to start off the new year on a positive note.

Stock index futures are higher on this first day of trading for 2026.

NASDAQ futures are up 1.1%.

S&P 500 futures are up 3 quarters of 1%.

And Dow futures are in the green by 0.5%.

Top gainers in pre-market trading include TKO up 2.2%, Hershey up nearly 1.9%, and Exelon up 1.7%.

Decliners include equity residential, energy, and Excel Energy, all down at least 1%.

In today's edition of the Wall Street Breakfast newsletter, we're covering the

outlook for 2026. And as you prepare to update your portfolio this year, we're also having a top

stock's 2026 event. There's still time to register. It's for members only, and it's coming up on

Tuesday, the 6th of January, so just around the corner. It starts at noon.

I'll leave a link to register in the show notes section. President Trump has delayed tariff hikes

for upholstered furniture, kitchen cabinets, and vanities for an additional year. These tariff hikes

were previously slated to begin on New Year's Day.

The 25% tariff on certain upholstered furniture, kitchen cabinets, and vanities, which was imposed

last September, will remain in effect. The White House said the tariff hikes were delayed to allow

for further negotiations with other countries, given ongoing

productive talks regarding imports of wood products.

Warren Buffett's tenure as the CEO of Berkshire Hathaway came to an end on Wednesday.

The stock closed slightly lower on his final day, which was also the final day of 2025. Its class B shares ended at

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