Good morning and welcome to Markets Desk. Here are the stories moving the needle right now.
Nvidia shares dropped roughly five percent Monday as the fallout from CEO Jensen Huang's admitted affair continued to ripple through markets, shaving billions off his net worth and raising fresh questions about national security given his ties to a Chinese business executive. The company's dominance in AI hardware makes this more than a personal story.
That leadership question is drawing responses from the highest levels, with President Trump and several prominent tech figures publicly defending Huang, arguing his role is simply too critical to American competitiveness to walk away from. Whether the board agrees remains the central question investors are watching closely this week.
Shifting to soft commodities, cocoa prices hit a four-and-a-quarter-month low in New York trading today, down nearly three percent, as supply concerns continue to ease. Arabica coffee also fell to a seven-week low, pressured by surging Brazilian export volumes, while robusta moved modestly higher, reflecting the divergence between origin supply dynamics in the two markets.
That's the tape. Markets Desk, signing off the floor.
