Good afternoon, you're listening to Markets Desk.
Nike shares have hit their lowest point in eleven years ahead of Tuesday's earnings report, where the sportswear giant is expected to post its eighth consecutive quarter of declining profits. Investors are watching closely for any signs that the company's turnaround strategy is gaining traction, but the stock's continued slide suggests Wall Street remains deeply skeptical.
Shifting to macro, President Trump is publicly pressuring gas retailers to bring pump prices down to two dollars and fifty cents per gallon. The nationwide average currently sits at three dollars and eighty-six cents, according to AAA, meaning the gap between political demand and market reality is well over a dollar. Retailers and refiners have so far shown no indication they can or will comply.
And on Wall Street itself, a structural shift is quietly reshaping the wealth management industry. Tens of trillions of dollars are moving from older generations to younger heirs, and those heirs feel little loyalty to the traditional advisers their parents relied on. Firms that built decades of relationships with established clients are now scrambling to prove their relevance to a generation that expects digital-first, values-aligned service.
That's the tape. Markets Desk, signing off the floor.
