Good morning, you're tuned in to Markets Desk.
Washington is pushing for a direct AI safety hotline with Beijing, modeled conceptually on the Cold War red phone. Treasury Secretary Scott Bessent confirmed the proposed channel would focus specifically on AI-related national security incidents, a notable diplomatic gesture even as the broader US-China technology rivalry continues to sharpen.
Turning to corporate earnings, Tesla's free cash flow has turned negative, raising questions about near-term capital discipline. The silver lining for investors is a cash cushion sitting at forty-three point five billion dollars, giving the company meaningful runway to absorb the pressure without an immediate liquidity crisis. Analysts will be watching whether that reserve holds as spending accelerates.
Meanwhile, Indian equity markets opened higher this Monday as Brent crude slipped below one hundred and two dollars a barrel. The catalyst was cautious optimism that diplomatic efforts in West Asia could ease supply disruptions. Easing oil prices tend to give import-heavy economies like India room to breathe, and traders responded accordingly with measured but positive early moves across the session.
That's the tape. Markets Desk, signing off the floor.
