Good evening and welcome to Markets Desk, your end-of-day read on what's moving markets and policy.
U.S. stock futures are holding essentially flat heading into the new week, with investors in a wait-and-see posture as attention turns squarely to the Federal Reserve. With no major catalysts from last week, traders are parsing any signal they can find on the path for interest rates, keeping volatility contained for now.
Shifting from monetary to military policy, President Trump ordered the Pentagon Sunday to scale back joint exercises with South Korea, citing cost concerns and calling the drills hostile signaling toward North Korea, which he described as unthreatening and respectful. The move follows Trump's claim that Seoul declined to assist with Iran denuclearization efforts, adding a fresh layer of geopolitical complexity to an already delicate region.
And on the wealth front, the one hundred twenty four trillion dollar generational wealth transfer is accelerating, with baby boomer assets flowing to millennials and Gen Z at a historic pace. The challenge now falls to nonprofits, many of which are finding that the donor playbooks built around older generations simply do not resonate with younger inheritors who give differently, digitally, and on their own terms.
That's the tape. Markets Desk, signing off the floor.
