Good evening, you're listening to Markets Desk.
Microsoft is drawing attention as a compelling second-half trade heading into the back half of two thousand twenty six. The stock is down roughly twenty percent year to date, but a forward price-to-earnings ratio of just under twenty-three times, combined with Azure cloud growth running near forty percent, has analysts arguing the selloff has overshot the fundamentals.
Shifting to leadership at one of the world's most valuable companies, Apple is preparing to hand the keys to John Ternus on September first, with Tim Cook moving into an executive chairman role. Ternus, a hardware veteran, is notably absent from LinkedIn entirely, which is sparking a broader conversation about whether today's executives can still lead without a public digital footprint at a four trillion dollar institution.
And in the policy arena, a piece out of Forbes is making the rounds arguing that incoming Fed chair Kevin Warsh will face a fundamental constraint: that the central bank's traditional tools are structurally ill-equipped to address the root causes of what the economy currently labels inflation. It is a provocative framing that will likely fuel debate well ahead of any confirmation hearings.
That's the tape. Markets Desk, signing off the floor.
