Reuters Morning Bid

Bond markets push Treasury Secretary Scott Bessent's buyback strategy to the limit, as yields climb back toward recent highs. U.S. President Donald Trump promises an economic crackdown on Iran as oil prices head for a weekly gain. Plus, Walmart shares tumble after the retailer posts its weakest U.S. sales growth in more than six years. 📲 Podcasts, breaking news, and video analysis from the source. ⁠⁠⁠⁠⁠⁠⁠Download the Reuters app here.⁠⁠⁠⁠⁠⁠⁠ Today's recommended read: Solar gives Hungary's power system vital cover from nuclear fallout by Gavin Maguire Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

U.S. Treasury Secretary Scott Bessent expands bond buybacks to calm a market rattled by rising borrowing costs. Meanwhile, America's debt tops $40 trillion for the first time, underscoring the scale of its funding challenge. Plus, Moderna reports a cancer vaccine breakthrough and sends its shares soaring. 📲 Podcasts, breaking news, and video analysis from the source. ⁠⁠⁠⁠⁠⁠Download the Reuters app here.⁠⁠⁠⁠⁠⁠ Today's recommended read: US relies on tactics, not strategy, to calm angry bonds by Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement for informatio...

Bond yields hover near multi-decade highs as investors demand more compensation for holding long-term government debt. U.S. President Donald Trump delayed planned tariff hikes on Canadian goods as negotiations on a trade deal continue. And, Chinese robot maker Unitree surges by 600% in its stock market debut, extending investors enthusiasm around AI. 📲 Podcasts, breaking news, and video analysis from the source. ⁠⁠⁠⁠⁠Download the Reuters app here.⁠⁠⁠⁠⁠ Today's recommended read: Three midweek thoughts - dodging AI, uber bulls and intervention flub, by Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by El...

Iran says it is shifting to a "fully offensive" military posture sending Brent crude back above $90 a barrel. Thirty-year bond yields are hitting multi-year highs as markets question the outlook for inflation. Tech giants are pouring money into AI infrastructure even as questions about returns remain unanswered. 📲 Podcasts, breaking news, and video analysis from the source. ⁠⁠⁠⁠Download the Reuters app here.⁠⁠⁠⁠ Today's recommended read: Even as market clouds clear, AI investment anxiety still gnaws, Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy...

A surprise drop in U.S. retail sales has investors asking whether the American consumer is finally losing steam. As Walmart, Home Depot and Target prepare to report earnings this week, markets look for clues on whether shoppers are merely taking a breather or pulling back more decisively. Meanwhile, President Donald Trump argues higher gasoline prices are worth paying for the war with Iran, while rising Japanese bond yields highlight growing global concerns about government borrowing costs. 📲 Podcasts, breaking news, and video analysis from the source. ⁠⁠⁠Download the Reuters app here.⁠⁠⁠ Today's recommended read: Smart tugs and trucks...

A second straight soft U.S. inflation report sends the S&P 500 to a fresh record and cuts the odds of a September Fed rate hike to roughly one in three. But there's little relief at the long end of the bond market, where the Treasury sells 30-year debt at its highest yield in 25 years, reflecting persistent investor anxiety over deficits and above-target inflation. And in a Reuters exclusive, sources say the Bank of Japan is set to raise interest rates as soon as September and may accelerate its pace of tightening after that. 📲 Podcasts, breaking news, and...

Inflation cooled as expected, lowering the temperature around the Fed's next move. The U.S. government just sold 10-year debt at its highest auction yield in nearly two decades, underscoring the rising cost of borrowing. Plus new GDP figures challenge the idea that the UK remains stuck in a low-growth rut. 📲 Podcasts, breaking news, and video analysis from the source. ⁠Download the Reuters app here.⁠ Today's recommended read: AI creeps onto Fed radar, but footprint is small so far by Mike Dolan ⁠⁠⁠⁠⁠ Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Prod...

Investors push CoreWeave shares higher after the AI cloud company reported strong results and highlighted more than $100 billion in backlogged orders. Meanwhile, markets are bracing for a closely-watched U.S. inflation report that could shape the Federal Reserve's next move. And oil prices continue to climb as Red Sea attacks persist and progress in U.S.-Iran talks remains elusive. 📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here. Today's recommended read: Three midweek thoughts - 'magnificent' banks, Japan switch, populism by Mike Dolan ⁠⁠⁠ Subscribe to Mike Dolan's Morning B...

Nvidia is reportedly working with Wall Street giants on a financing push that could funnel up to $500 billion into AI infrastructure. Oil prices are climbing again as hopes for a breakthrough between the U.S. and Iran being to fade. And traders are once more trusting Japan's resolve to defend the yen as Treasury yields march higher. Today's recommended read: Trump reopens Fed battle at critical time for bond markets by Mike Dolan ⁠ Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Vis...

President Trump gives Fed Governor Lisa Cook three weeks to answer mortgage fraud allegations, with the deadline falling just before the September FOMC meeting - raising fresh questions about Fed independence under Chair Kevin Warsh. Meanwhile, the U.S. economy shed 23,000 jobs in July in a surprise miss, though a falling unemployment rate and solid construction gains tempered the reaction. All eyes now turn to Wednesday's CPI print, with oil near $83 a barrel and retail fuel prices still roughly 30% above pre-war levels. Today's recommended read: ⁠China is balancing Asia's crude oil demand by itself, Clyde Russell ...

A closely watched U.S. jobs report could shape expectations for the Fed's next move on interest rates. Plus, markets are adjusting to a Federal Reserve that is saying less and letting investors do more of the guessing. And, SpaceX weathered a major lockup export without the sell-off many had expected. Today's recommended read: AI could end Wall Street's EPS obsession by Marty Fridson Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement...

A proposed Iran deal that would give Tehrangreater control over shopping in the Strait of Hormuz is keeping oil below $80 a barrel. Gold has posted its biggest one-day gain in six months as investor reassess the outlook for inflation and interest rates. Meanwhile, Wall Street is cautious after weak chip-sector earnings and ahead of a pivotal U.S. jobs report. Today's recommended read: US-Japan action undercuts G7's historic FX role⁠ by Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebasti...

SpaceX and AMD beat earnings estimates but saw their shares stumble, even as the Dow and S&P 500 hit fresh records and oil prices slide. Plus, Treasury Secretary Scott Bessent vows to do "whatever it takes" to help Japan defend the yen. Today's recommended read: Three midweek thoughts - AI job losses, Fed's White knight and K-shaped inflation by Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement fo...

U.S. manufacturing just posted its strongest growth in four years, adding to signs of economic resilience. Meanwhile, oil traders try to make sense of conflicting signals over potential Iran talks. And markets are questioning whether efforts by Tokyo and Washington will be enough to keep the yen afloat. Today's recommended read: U.S. economy is overstimulated - and bond markets fear it by Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer.</p...

The yen jumps after a historic U.S.-Japan currency intervention. Wall Street profits are tracking their strongest growth outside a recession. Plus, oil tumbles as hopes rise for renewed U.S.-Iran talks. Today's recommended read: Iran war ushers in oil refining golden era. It won't last by Ron Bousso Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠⁠. Produced by Ethan Plotkin, Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement fo...

Big Tech's spending on AI has now topped a trillion dollars and investors want to returns. Anthropic's Claude AI hacked three companies during testing. Plus, the yen remains under pressure despite intervention. Today’s recommended read: Europe makes trillion-euro bet to revive its battered industry by Ron Bousso Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠⁠ newsletter,⁠⁠⁠⁠ and check out his columns on⁠⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠⁠. Read more from ⁠⁠⁠⁠⁠Amanda Cooper⁠⁠⁠⁠⁠ and⁠⁠⁠⁠⁠ Anna Szymanski⁠⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement for information on our privacy...

The Fed held interest rates steady, but three officials broke ranks and voted for a hike, delivering the "family fight" Chair Kevin Warsh said he wanted. Meanwhile, oil prices climbed after fresh U.S. strikes on Iranian targets. And Big Tech earnings split investors, with Meta and Qualcomm disappointing while Microsoft impressed. Today’s recommended read:⁠⁠⁠ The world's $1.8 quadrillion balance sheet has a simmering problem by Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠⁠ newsletter,⁠⁠⁠ and check out his columns on⁠⁠⁠⁠ Reuters Open Interest⁠⁠⁠⁠. Read more from ⁠⁠⁠⁠Amanda Cooper⁠⁠⁠⁠ and⁠⁠⁠⁠ Anna Szymanski⁠⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound en...

SK Hynix's profits surged sixfold and its stock still dropped 10%. The Fed is poised to make its more unpredictable rate decision since 2018. Plus, Microsoft and Meta earnings are up tonight. Today’s recommended read:⁠ Three midweek thoughts - cresting capex, Burnham bounce and Ukraine-Iran by Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠⁠ newsletter,⁠⁠ and check out his columns on⁠⁠⁠ Reuters Open Interest⁠⁠⁠. Read more from ⁠⁠⁠Amanda Cooper⁠⁠⁠ and⁠⁠⁠ Anna Szymanski⁠⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement for...

A global chip sell-off rattles tech markets, while oil prices retreat despite tensions in the Middle East. And central banks confront fresh inflation pressures. Today’s recommended read:Central banks can't 'see through' this many inflationary risks, Mike Dolan Subscribe to Mike Dolan's Morning Bid⁠⁠newsletter,⁠⁠and check out his columns on⁠⁠Reuters Open Interest⁠⁠. Read more from⁠⁠Amanda Cooper⁠⁠and⁠⁠Anna Szymanski⁠⁠. Produced by Eliza Davis Beard and Abisoye Osundairo. Sound engineering and music by Sebastian and Josh Sommer. Visit the Thomson Reuters Privacy Statement for information...

Chinese memory chipmaker CXMT soared 500% on its Shanghai debut to become the country's most valuable company at over half a trillion dollars. Meanwhile, Apple, Amazon, Microsoft, and Meta prepare to report as cash burn concerns weigh on AI's biggest spenders, and the Fed meets Wednesday with oil retreating nearly $10 from above $100 a barrel after a pause in U.S.-Iran strikes. Today’s recommended read: Crude oil futures are pricing market adaptability, not hopeful Iran peace, Clyde Russell. Subscribe to Mike Dolan's Morning Bid ⁠⁠newsletter,⁠⁠ and check out his columns on ⁠⁠Reuters Open Interest⁠⁠. Read more from ⁠...