Good morning, you're listening to Markets Desk.
Stocks are pointing lower at the open after Apple's earnings disappointed investors, adding pressure to a market already navigating uncertainty. The results weighed on sentiment broadly, with traders now watching whether midterm election outcomes could shift Congressional control and reshape the policy backdrop heading into year end.
Turning overseas, the United States, Russia, and China are in discussions over a potential trilateral meeting between Trump, Putin, and Xi, with the American president set to travel to Shenzhen in two weeks for the APEC summit. The diplomatic maneuvering is drawing close attention from currency and sovereign debt markets alike, given the geopolitical stakes involved.
And on the consumer side, a new retirement warning is landing hard. Affluent Americans now say they need two point six million dollars to retire comfortably, a twenty-six percent jump from just a year ago, according to HSBC research. The Transamerica Institute's chief executive is calling it a perfect storm, noting that even high-net-worth households are falling structurally short of their own targets.
That's the tape. Markets Desk, signing off the floor.
