Welcome to Markets Desk, your midday read on what's moving markets and the headlines behind them.
Kevin Warsh is wasting no time reshaping the Federal Reserve. The new Fed Chair has stood up five task forces pulling in heavy hitters from tech and academia, including venture capitalist Marc Andreessen and former Reserve Bank of India Governor Raghuram Rajan. The mandate covers everything from Fed communication to productivity and data infrastructure, signaling Warsh intends a structural overhaul, not a cosmetic one.
Shifting to equities, Micron Technology is drawing quiet attention ahead of its next earnings print. The memory chipmaker has been locking in long-term supply agreements with automakers including General Motors and Ford, a deliberate move away from the volatile spot market. Analysts see that revenue visibility as a meaningful catalyst, and the smart money appears to be positioning accordingly.
Meanwhile, Disney is in active discussions about launching a free tier for Disney Plus, as YouTube continues to pull television viewers away from paid streaming platforms. The company is also experimenting with short-form vertical video, acknowledging that the content consumption landscape has fundamentally shifted. For Disney's stock, this is a monetization pivot worth watching closely.
That's the tape. Markets Desk, signing off the floor.
