Good morning, you're listening to Markets Desk.
Iran struck eighty-five United States military sites across the Gulf overnight, and markets are responding hard. Oil is surging on supply disruption fears while equities are sliding globally — Germany's DAX dropped nearly two and a half percent, with inflation and rate concerns amplifying the selloff as bond yields climbed in tandem.
Pulling focus to corporate America, Apple has committed thirty billion dollars to Broadcom in what the company calls its largest American manufacturing agreement to date. The deal centers on domestic chipmaking and signals Apple is doubling down on its onshoring strategy, likely with one eye on tariff exposure and another on political optics in Washington.
And on the AI spending front, ING is flagging what many investors have quietly worried about — that aggressive capital expenditure from the major hyperscalers is beginning to bite into profits. As cloud giants pour money into infrastructure to stay competitive on artificial intelligence, the near-term earnings math is getting harder to defend, and analysts are starting to ask when the returns actually show up.
That's the tape. Markets Desk, signing off the floor.
