economy
CNBC Daily Open: Waiting for Warsh
Markets await the much-anticipated speech from Federal Reserve Chairman Kevin Warsh amid the recent volatility in bond yields.
TL;DR
- Federal Reserve Chairman Kevin Warsh's Jackson Hole speech is anticipated, but prediction markets show low odds of him addressing key market concerns like the rate path or bond market intervention.
- Stock markets are flat as investors await Warsh's remarks, following a day of gains led by Nvidia after its strong earnings report.
- A federal judge ruled the Pentagon's blacklisting of Anthropic was illegal, a decision welcomed by the AI company.
- U.S. President Donald Trump is considering secondary sanctions on Chinese banks involved with Iran, potentially increasing pressure on U.S.-China relations.
- France held its first presidential debate, with candidates focusing on the nation's high debt levels and budget deficit.
- Wealthy Chinese families are reportedly reconsidering Singapore as a base due to increasing scrutiny from Beijing and geopolitical instability elsewhere.
- Due to a U.K. public holiday, the Daily Open EMEA edition will not be published on Monday.