Welcome to Markets Desk, your midday read on what's moving markets and money.
Coffee prices are sliding for a second straight session, with arabica futures hitting three-month lows, down nearly one and a half percent, and robusta falling more than two and a half. The culprit is simple: the global supply outlook is flush, and abundant inventories are doing exactly what surplus does to a commodity — they're crushing the bid.
Turning to Washington, President Trump has disclosed more than eleven hundred trades executed in July, including sales of up to twenty-five million dollars each in Microsoft and Amazon. Those sales came on July twentieth, the very day Magnificent Seven stocks surged, adding two hundred ninety-one billion dollars in combined market value in a single session. The timing has drawn immediate scrutiny.
Meanwhile, Nasdaq is moving toward what it calls twenty-three-five trading — twenty-three hours of continuous markets, five days a week, with just a one-hour pause nightly for settlement processing. The new overnight session would run from nine p.m. to four a.m. Eastern, a structural shift that could fundamentally reshape how retail and institutional participants manage after-hours risk.
That's the tape. Markets Desk, signing off the floor.
