Welcome to Markets Desk, your midday read on what's moving markets and making headlines.
Wall Street found its footing today after a sharp AI-driven selloff rattled global markets on Friday. Buyers stepped back in across major indices, with tech names leading the recovery. The move suggests Friday's rout was treated more as a buying opportunity than a structural shift in sentiment, though volatility remains elevated.
Turning to Washington, President Trump has nominated Todd Blanche for attorney general, a selection drawing immediate scrutiny. Blanche served as Trump's personal criminal defense attorney, raising pointed questions about the independence of the Justice Department under his potential leadership. Confirmation hearings are expected to be contentious.
And on the macro front, a warning worth watching — analysts are flagging a brewing inflation threat tied to climate disruption in the Pacific, with commodity prices potentially facing significant upward pressure. For investors, the message is clear: traditional portfolios may be underhedged against a climate-driven supply shock, and that gap deserves serious attention now rather than later.
That's the tape. Markets Desk, signing off the floor.
