Welcome to Markets Desk, your midday read on what's moving markets and why.
Intel shares surged Friday on reports that Apple has selected Intel's foundry to manufacture chips for future Mac products. This is a significant vote of confidence in Intel's turnaround under new leadership, and it signals that the race to challenge Taiwan Semiconductor's dominance in advanced chip manufacturing is very much alive. Watch this space closely.
Shifting to currency markets, the dollar is sitting at a three-year low, and industrial exporters are quietly benefiting. Caterpillar, Deere, and Nucor are all seeing improved pricing power overseas as a weaker dollar makes American-made goods more competitive on global markets. When the currency does the work, margins follow.
And on Capitol Hill, the Senate Banking Committee has scheduled a vote for May fourteenth on landmark crypto legislation that would establish a formal oversight framework for digital assets. This is the industry's top legislative priority, and its advancement through committee would mark the furthest a crypto regulatory bill has ever progressed in Congress. Passage would reshape how exchanges, stablecoins, and token issuers operate under federal law.
That's the tape. Markets Desk, signing off the floor.["https://fortune.com/2026/05/09/trump-national-mall-parks-golf-course-arc-ballroom-amy-poehler/","https://www.marketbeat.com/stock-ideas/dollar-at-a-3-year-low-3-exporters-quietly-printing-money/","https://www.marketbeat.com/stock-ideas/water-infrastructure-why-this-boring-sector-could-get-exciting/","https://www.marketbeat.com/originals/harley-pivots-hard-can-new-bikes-fix-an-old-brand/","https://www.marketbeat.com/originals/marketbeat-week-in-review-05-04-05-08/","https://www.cnbc.com/2026/05/08/congress-crypto-bill-vote-senate-banking-committee.html","https://www.cnbc.com/2026/05/08/intel-stock-apple-chip-deal.html"]📺 Markets Desk · 10 PM Update · player loading…