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

Good morning. Today is Friday, March 21st. I'm Julie Morgan. Gold notches its eighth straight gain. Nike warns of headwinds, and Florida lawmakers are proposing major tax relief.

Gold futures eked out another record high on Thursday, marking the eighth straight

session that Front Month gold settled higher, climbing 5% over that span.

Front month Comex Gold for March delivery finished higher by 0.1% to a new record high settlement of $3,040 per ounce.

But front month March silver ended 0.5% lower to $33.78 per ounce, its third loss in four sessions.

City raised its price forecast for gold futures

to $3,200 per ounce within the next three months.

That's up $200 per ounce from the firm's previous outlook,

possibly climbing as high as $3,500 by the end of the year

if fears of growing U.S. economic woes take hold.

Nike turned lower in the post-market session after the company warned that it faces a tough

quarter. During the earnings call, Nike management said the company saw momentum with consumers

through athletes' storytelling, performance products, and big sports moments.

The year-over-year revenue decline was led by a 17% drop in Greater China

and consumer discretionary pressures in North America.

The lower gross margin rate during the quarter was said to be due to higher markdowns,

the impact of clearing inventory, and channel mix headwinds.

For Q4, Nike expects headwinds to revenue and gross margin to be at a peak amid

volatile FX, tariff pressure, and global macroeconomic weakness.

Revenue during the quarter is expected to be down at the low end of a negative mid-teens range, while gross margin is seen

retreating quarter over quarter and year-over-year. Pre-market Nike is down nearly 5%. Florida lawmakers

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