Good morning and welcome to Markets Desk, your midday read on the stories moving money and markets.
Oil is commanding attention this morning, with Brent crude sliding to ninety-six dollars and ninety cents a barrel, down nearly two dollars and fifty cents from yesterday. That still leaves prices roughly thirty dollars higher than a year ago, a sustained elevation that continues to feed through to inflation expectations and consumer costs across the economy.
Shifting to equities, Berkshire Hathaway remains a focal point for long-term investors as the post-Buffett era under Greg Abel takes shape. Apple continues to anchor the portfolio as its largest public equities position, and the question now is whether Abel can sustain the kind of disciplined capital allocation that drove sixty years of S-and-P outperformance.
And on the geopolitical front, the European Union's top diplomat is heading to Greenland as the Trump administration renews its push for greater American control over the Danish self-governing territory. That visit signals Brussels is treating the situation as a serious sovereignty matter with real consequences for transatlantic trade relationships and Arctic resource access.
That's the tape. Markets Desk, signing off the floor.
