Good morning and welcome to Markets Desk.
Cisco is having its best day in more than two decades, with shares surging fourteen percent after the networking giant blew past its artificial intelligence infrastructure and hyperscaler orders guidance. Chief executive Chuck Robbins called it a networking supercycle, and the market is clearly buying that thesis as AI-driven demand rewires enterprise spending priorities.
Shifting to macro, Treasury Secretary Bessent is signaling what he calls substantial disinflation ahead, pointing to energy prices as the key driver. With Kevin Warsh set to take over the Federal Reserve, Bessent argues the recent inflation bump is transitory in nature, tied to energy, and that sustained domestic production will pull prices back down — a message aimed squarely at anchoring rate expectations.
And in the artificial intelligence space, Boston Consulting Group is taking an unconventional approach to agent training — feeding its sales AI not just on top performers, but deliberately on the worst habits of its salespeople as well. The logic is sound: a model that only learns success misses the cautionary patterns that define real-world selling, and BCG is betting that contrast sharpens the agent's judgment considerably.
That's the tape. Markets Desk, signing off the floor.
