Morning Bid: White smoke or London fog?

Jun 10th, 05:54:46

By Mike Dolan

LONDON (Reuters) -What matters in U.S. and global markets today

I'm excited to announce that I'm now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X.

Markets have effectively flatlined awaiting the outcome of this week's U.S.-China trade talks in London, though as we near the halfway point of 2025, investors are taking an increasingly benign view of the disruptive and often chaotic last six months, as I discuss in today's column.

But now onto all of today's market news.

Today's Market Minute

• Global stocks and the dollar edged higher on Tuesday as trade talks between the United States and China were set to extend to a second day, giving investors some reason to believe tensions between the world's two largest economies may be easing.

• The Trump administration on Monday ordered U.S. Marines into Los Angeles and intensified raids on suspected undocumented immigrants, fueling more outrage from street protesters and Democratic leaders who raised concerns over a national crisis.

• All three major U.S. asset classes – stocks, bonds and the currency – have had a turbulent 2025 thus far, but only one has failed to weather the storm: the dollar. Hedging may be a major reason why, claims ROI columnist Jamie McGeever.

• Asian countries aren't rushing to buy U.S. energy commodities, even though doing so would help them meet President Donald Trump's demand for lower trade surpluses. Read the latest from ROI columnist Clyde Russell.

• European defence stocks have been on a tear since the devastating conflict in Ukraine started in 2022, a trend that has only accelerated since announcements of European rearmament plans. But the beneficial economic impact of the European defence supercycle may be heavily dependent on how it’s financed, argues Panmure Liberum investment strategist Joachim Klement.

White smoke or London fog?

https://m.piqsuite.com/reuters/morning-bid-white-smoke-or-london-fog-2025-06-10-10-54-29

European Briefing - Tuesday 10.06

Headlines

ECB’s Holzmann: Rate Pause Until Autumn Makes Sense

BoJ’s Ueda Comments Weaken Yen; Ex-Official Hints Slower Bond Taper

US-China Trade Talks Continue In London As Tariff Deadline Looms

US May Exhaust Debt-Ceiling Measures By Mid-August, CBO Warns

Apple Expands ChatGPT Deal, Offers Developers AI Model Access

Wall Str, Main Str Push To Rethink Foreign Tax Rules In US Budget Bill

China Taps $1.5T Fund To Ramp Up Housing Market Support

UK Retail Sales Slow In May, Casting Doubt On Consumer Resilience

Barclays Cuts More Than 200 Investment Bank Jobs To Reduce Costs

Canada To Boost Defense Spending, PM Carney Rules Out Tax Hikes

US Deploys Marines To LA As Trump Backs Arrest Of California Governor

OpenAI’s Forecasted Subscription Revenue Doubles To $10B

US Asks Appeals Court To Extend Trump-Era Tariffs

Australia Business Conditions Flat In May As Retail Margins Squeezed

Taiwan Exports Surge To Near 15-Year High Amid Tariff Uncertainty

Gold Prices Mixed As Traders Track US-China Trade Talks

https://www.livesquawk.com/report/morning_4358

>>23152822

Well, since it's still justSqueakytalkin' to hisself on another Captagon sperge……

>>23152859

Sumtin's comin' ifSqueaky's "makin' smoke" like this.

Shaping up to cover the cost of a settlement before merging? Sure looks like it….

Paramount to lay off 3.5% of US staff in latest job cut, memo shows

(Reuters) -Paramount Global is laying off 3.5% of its U.S. staff in the latest round of job cuts as the company grapples with a decline in cable TV subscribers, according to an internal memo seen by Reuters.

The layoff was communicated to its staff on Tuesday morning and it could affect some non-U.S. workforce over time, the memo from the office of the company's three co-CEOs showed.

This is in addition to the 15% cuts Paramount had announced last August and comes as the media industry navigates a "generational disruption" as millions of cable users cut the cord and opt for streaming services such as Netflix.

"We are taking the hard, but necessary steps to further streamline our organization starting this week,"  Paramount Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins wrote in the memo.

Paramount had 18,600 employees as of Dec. 31, 2024. CNBC first reported the development on Tuesday.

The company has pitched its $8.4 billion merger with billionaire scion David Ellison's Skydance Media.

But the deal is yet to secure regulatory approval, pending a $10 billion lawsuit U.S. President Donald Trump filed against CBS News in October over an interview with then-vice president Kamala Harris that he alleged was deceptively edited to favor Harris.

https://m.piqsuite.com/reuters/paramount-to-lay-off-35-of-us-staff-in-latest-job-cut-memo-shows-2025-06-10-12-12-25

Sew?

>>461a63<<

>>e1db22<<

>>107e7d<<

>>2392f5<<

>>7e34d0<<

>>6b28d1<<

>>37e161<<

One by one. A new majority and Hakeem as Speaker, coming soon to a Congress near you. Let the Impeachments, begin! ( Now THIS would be all precipicey and all!)

GOP Rep. Mark Green announces retirement from Congress for ‘private sector opportunity’ before end of term

https://nypost.com/2025/06/09/us-news/rep-mark-green-announces-retirement-from-congress-for-private-sector-opportunity-before-end-of-term/