Good morning, you're tuned into Markets Desk, let's get you caught up on what's moving.
Salesforce is the headline trade today, surging roughly twenty percent and on pace for its second-best single session on record. The company delivered a strong beat on second-quarter earnings and announced an expanded artificial intelligence partnership with Anthropic, signaling to the market that enterprise software demand is holding firm and that AI integration is translating into real revenue momentum, not just narrative.
Shifting to the broader fiscal picture, the U.S. federal debt has crossed forty trillion dollars, a milestone the Treasury quietly acknowledged alongside a separate decision to stop requiring shell companies to disclose their beneficial owners. Critics argue that rolling back that transparency requirement makes it harder to track illicit wealth flows, and some policy voices are now pushing for targeted corporate taxes as a mechanism to chip away at the deficit.
And keeping an eye on Nvidia, which has reportedly done something for the first time in its history, with chief executive Jensen Huang's comments reinforcing what investors have suspected — that AI chip demand is running well ahead of supply, and that Nvidia's structural position in that market remains essentially unchallenged heading into the back half of the year.
That's the tape. Markets Desk, signing off the floor.
