Reuters Morning Bid

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.

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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.

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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 engineering and music by Sebastian and Josh Sommer.

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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 information on our privacy and data protection practices.

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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 on our privacy and data protection practices.

You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
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