Good evening and welcome to Markets Desk, your close of day read on the stories moving markets and the world.
Ed Yardeni has trimmed his S and P five hundred target for year-end two thousand twenty six to seventy-nine hundred, pulling back from his previous eighty-four hundred call. He's not worried about earnings — corporate profits remain his anchor. What's shifted is his read on valuation multiples, on how much investors are actually willing to pay for those earnings in an uncertain rate environment.
Across the Atlantic, Carrefour CEO Alexandre Bompard is putting a number on the damage from France's recent civil unrest — roughly eleven million dollars in repairs after rioters ransacked approximately fifty stores and nearly twenty supermarkets. For a retailer operating on thin margins at scale, that's not just a balance sheet hit, it's an operational signal about risk pricing in European consumer exposure.
Meanwhile, Treasury Secretary Scott Bessent is warning Ukrainian President Zelenskyy to quote be very careful about suggesting the United States has been throttling Starlink access. Starlink remains critical infrastructure for Ukraine's battlefield communications, and any public friction between Kyiv and Washington over that lifeline carries real geopolitical weight for defense-adjacent equities and energy markets watching the conflict closely.
That's the tape. Markets Desk, signing off the floor.
