US equity futures decline, Treasuries extend rally and the dollar stays on track for its biggest weekly drop since July. Credit fears deepen as a selloff in Zions Bancorp and Western Alliance following its report on alleged fraud on loans drag bank shares down. President Trump announces his plan for another meeting with President Putin while President Zelenskiy is set to visit the White House. Shares of Novo Nordisk and Eli Lilly fall after President Trump said the price of Ozempic could drop to $150 a month. The US auto industry nears a tariff relief on imported car parts from the White House. Seema Shah of Principal Asset Management discusses the risks surrounding the latest credit angst.
Chapters:
00:01:57 – First Look Movers
00:03:50 – US Regional Banks Tumble on Losses from Fraud
00:07:00 – Trump Calls Putin Ahead of Zelenskiy WH Meeting
00:09:41 – WH Aims to Ease Auto Tariffs
00:12:27 – Trending on the Terminal
00:13:56 – Meta and Blue Owl Seal $30B Private Capital Deal
00:17:36 – Hong Kong Finance Chief Paul Chan on HSBC’s Hang Seng Deal
00:23:16 – First Look Movers
00:26:34 – Stocks Fall as Credit Fears Spark Bank Selloff
00:33:13 – Trending on the Terminal
00:34:47 – Trump Plans for a Second Putin Meeting
00:38:24 – Lilly and Novo Nordisk Fall After Trump Touts ‘Much Lower’ Prices on Weight-Loss Drugs
00:41:46 – What to Watch
——–
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