Reuters Morning Bid
Everything you need to know to start your trading day. Unfiltered markets news and analysis straight from the Reuters newsroom.
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Hot yields, cool prices
<p>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. </p> <p>📲 Podcasts, breaking news, and...
The debt tab
<p>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.</p> <p>📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here.</p> <p>Today's recommended read: AI creeps onto Fed radar, but footprint is small so far by Mike Dolan </p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Prod...
Banking on CoreWeave
<p>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.</p> <p>📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here.</p> <p>Today's recommended read: Three midweek thoughts - 'magnificent' banks, Japan switch, populism by Mike Dolan </p> <p>Subscribe to Mike Dolan's Morning B...
The $500 billion Nvidia bet
<p>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.</p> <p>Today's recommended read: Trump reopens Fed battle at critical time for bond markets by Mike Dolan </p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Produced by Eliza Davis Beard and Abisoye Osundairo.</p> <p>Sound engineering and music by Sebastian and Josh Sommer.</p> <p>Vis...
Too many Cooks?
<p>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. </p> <p>Today's recommended read: China is balancing Asia's crude oil demand by itself, Clyde Russell</p> <p>...
The jobs verdict
<p>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.</p> <p>Today's recommended read: AI could end Wall Street's EPS obsession by Marty Fridson</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Produced by Eliza Davis Beard and Abisoye Osundairo.</p> <p>Sound engineering and music by Sebastian and Josh Sommer.</p> <p>Visit the Thomson Reuters Privacy Statement...
Strait stakes
<p>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.</p> <p>Today's recommended read: US-Japan action undercuts G7's historic FX role by Mike Dolan</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Produced by Eliza Davis Beard and Abisoye Osundairo.</p> <p>Sound engineering and music by Sebasti...
SpaceX lands hard
<p>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.</p> <p>Today's recommended read: Three midweek thoughts - AI job losses, Fed's White knight and K-shaped inflation by Mike Dolan</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Produced by Eliza Davis Beard and Abisoye Osundairo.</p> <p>Sound engineering and music by Sebastian and Josh Sommer.</p> <p>Visit the Thomson Reuters Privacy Statement fo...
Manufacturing rebounds
<p>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.</p> <p>Today's recommended read: U.S. economy is overstimulated - and bond markets fear it by Mike Dolan</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Produced by Eliza Davis Beard and Abisoye Osundairo.</p> <p>Sound engineering and music by Sebastian and Josh Sommer.</p...
Yen intervention
<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.</p> <p><br></p> <p>Today's recommended read: Iran war ushers in oil refining golden era. It won't last by Ron Bousso</p> <p>Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.</p> <p>Produced by Ethan Plotkin, Eliza Davis Beard and Abisoye Osundairo.</p> <p>Sound engineering and music by Sebastian and Josh Sommer.</p> <p>Visit the Thomson Reuters Privacy Statement fo...
