Good evening and welcome to Markets Desk.
Chevron is making a serious pivot toward power. After inking a two-point-seven gigawatt electricity supply deal with Microsoft, the oil and gas giant is signaling this is just the beginning. It's a telling shift — legacy energy players are increasingly positioning themselves as infrastructure providers for the AI-driven power demand surge, and Chevron clearly wants a seat at that table.
Across currency markets, a Deutsche Bank report is drawing sharp attention. Tel Aviv has become the most expensive city on earth to buy a McDonald's meal, at the equivalent of twenty dollars and ninety cents, while Tokyo now clocks in at four dollars and ninety cents. The divergence traces directly to monetary policy — a shekel strengthened by tech and defense investment, and a yen crushed by two decades of near-zero rates.
And a story that cuts to the heart of household financial planning — one American family has spent nearly four hundred thousand dollars on long-term dementia care for their mother, on top of forty-five thousand dollars in home conversion costs. It underscores a quiet crisis in elder care financing that millions of families are navigating without insurance coverage and with rapidly depleting savings.
That's the tape. Markets Desk, signing off the floor.
