Good afternoon, you're listening to Markets Desk.
Apple is closing in on the five trillion dollar valuation threshold, joining Nvidia in territory no company has reached before. Shares have pushed to new highs this year, driven by strong anticipation around a foldable iPhone and a measured, disciplined approach to AI capital spending that has reassured investors wary of runaway costs.
From tech to energy, the Hormuz supply shock is now rippling through jet fuel markets alongside diesel, with refineries caught in a painful squeeze between surging global demand and constrained supply chains. Diesel has crossed six dollars and fifty cents per gallon, prompting the Trump administration to float an export ban as food and freight costs face serious upward pressure.
That energy inflation is landing on consumers already stretched thin. Mortgage rates are approaching seven percent, with the daily thirty-year fixed rate hitting seven point two four percent last week, the highest borrowing cost since January twenty twenty five. Combined with elevated home prices, the housing market is stalling badly, and nearly half of adults under thirty are now living with their parents, a generational financial setback that economists warn could compound for decades.
That's the tape. Markets Desk, signing off the floor.
