Good morning, you're tuned in to Markets Desk, and here's where things stand.
Risk appetite is taking a serious hit across global markets this morning. Bitcoin has slipped below eighty-one thousand dollars as Asian equities sell off sharply, with South Korea's Kospi shedding eight percent and Japan's Nikkei dropping five percent in early trading. When crypto and equities fall in tandem like this, it signals broad de-risking, not sector rotation.
Adding to the pressure, oil is lower Thursday as traders weigh ongoing attacks on shipping through the Strait of Hormuz alongside the International Energy Agency's latest monthly report. The combination of geopolitical risk and a fresh supply and demand assessment from the IEA is keeping energy markets volatile and directionally uncertain heading into the weekend.
Meanwhile, a longer view on corporate America: Tim Cook's fifteen-year tenure at Apple saw annual revenue quadruple from one hundred eight billion dollars to four hundred sixteen billion, with iPhone sales alone climbing from forty-seven billion to nearly two hundred ten billion. As John Ternus prepares to step into the chief executive role, that growth record sets an extraordinarily high bar and raises real questions about where the next leg of expansion actually comes from.
That's the tape. Markets Desk, signing off the floor.
