Good morning, you're tuned in to Markets Desk.
Honeywell International is the standout mover in early Nasdaq one hundred trade, climbing seven and a half percent on the session and extending its year-to-date gain to a remarkable forty-two point two percent. That kind of move in a diversified industrial name tends to signal institutional conviction, not noise.
Shifting to commodities, wheat is under pressure to start Friday's session, with Chicago and Kansas City contracts shedding three to eight cents across the complex. Thursday's trade had been mixed, with soft red winter contracts posting modest gains, but sellers have returned this morning and the path of least resistance remains lower heading into the weekend.
On the policy front, the Trump administration has tapped former JPMorgan Chase executive Matt Zames to advise the Social Security Administration in an unpaid capacity. Zames joins his former JPMorgan colleague Frank Bisignano, who now leads the agency, as the administration pushes a modernization agenda at one of the federal government's largest and most operationally complex institutions. Wall Street talent flowing into government restructuring efforts is a dynamic worth watching closely.
That's the tape. Markets Desk, signing off the floor.
