Welcome to Markets Desk, here's what's moving right now.
Nvidia's board has confirmed to CNBC that no search firm has yet been retained to find a permanent successor to Jensen Huang, and that's keeping uncertainty elevated around the stock. With no formal process underway, investors are left without a timeline, and that ambiguity continues to weigh on sentiment around one of the market's most consequential names.
Shifting to commodities, it's a broadly constructive Friday across the livestock and soft markets. Live cattle futures are pushing two dollars twenty to two dollars forty higher across most contracts at midday, supported by cash trade in the North. Lean hogs are rallying as well, up nearly two dollars in the nearby contracts, while cotton is holding modest front-month gains despite a slightly firmer dollar on the session.
And in the AI space, Anthropic CEO Dario Amodei is drawing attention for his unusually candid approach to hiring. He says he spends forty to fifty percent of his time on talent and culture, and has outlined specific personality profiles he refuses to bring into the organization, arguing that discipline around culture is directly tied to the company's retention strength and long-term performance.
That's the tape. Markets Desk, signing off the floor.
