economy
CNBC Daily Open: Bond markets and the Senate rebuke Trump as Iran war worries linger
Trump faces resistance at home even as inflation expectations rise and affordability looms large ahead of the midterms.
TL;DR
- Senate advances resolution to halt military action in Iran.
- Long-term Treasury yields rise to highest level since July 2007 amid inflation worries.
- S&P 500, Nasdaq, and Dow Jones suffer losses due to rising rates.
- Google announces Gemini 3.5 Flash, a more affordable AI model.
- OpenAI co-founder Andrej Karpathy joins Anthropic to focus on AI research.
- SpaceX has reportedly chosen Goldman Sachs to lead its potential IPO.