Welcome to Markets Desk, your midday read on what's moving markets and making news.
Bitcoin climbed above eighty-five thousand dollars Monday, its highest level since January, extending a multi-day rally that has traders once again debating whether the so-called crypto winter has finally thawed. The move reflects renewed risk appetite, though skeptics note sentiment can reverse quickly at these levels.
Shifting to macro, Treasury Secretary Scott Bessent spoke to CNBC following a weekend meeting with Chinese counterpart He Lifeng, as the Trump administration navigates mounting affordability concerns at home. The talks are seen as groundwork ahead of a potential summit between President Trump and Chinese President Xi Jinping, with trade and currency policy squarely on the table.
And on the auto front, Nissan is eyeing an expansion of United States production as it launches the new Rogue hybrid. The company's Smyrna, Tennessee facility currently runs two shifts, and executives say adding a third could bring hundreds, potentially thousands, of new jobs to the region — a notable move as automakers recalibrate supply chains under continued tariff pressure.
That's the tape. Markets Desk, signing off the floor.
