Good morning, you're listening to Markets Desk.
Nvidia is tapping the debt markets for the first time since two thousand twenty one, planning to raise at least twenty billion dollars in what would be its largest bond offering since the AI boom reshaped its balance sheet. The chipmaker's scale today is almost unrecognizable from four years ago, and this raise signals management is putting serious capital to work.
Shifting to macro, China's retail sales posted their first decline in more than three years in May, while urban investment contracted more sharply than economists had expected. The data adds weight to the argument that Beijing's domestic recovery is losing traction, and it puts fresh pressure on policymakers to respond with meaningful stimulus before the slowdown deepens further.
On the agricultural side, corn futures recovered from early session lows to close Monday with gains of three quarters to three and three quarters cents across the board. The catalyst was the weekly crop progress report, which showed improving crop ratings and gave bulls enough confidence to push back against what had been a soft open and fresh contract lows.
That's the tape. Markets Desk, signing off the floor.
