Reuters Morning Bid

Latest Episodes:

An unpredictable Fed Jul 29, 2026

Show notes

SK Hynix's profits surged sixfold and its stock still dropped 10%. The Fed is poised to make its more unpredictable rate decision since 2018. Plus, Microsoft and Meta earnings are up tonight.

Today’s recommended read:⁠ Three midweek thoughts - cresting capex, Burnham bounce and Ukraine-Iran by Mike Dolan

Subscribe to Mike Dolan's Morning Bid⁠⁠⁠ newsletter,⁠⁠ and check out his columns on⁠⁠⁠ Reuters Open Interest⁠⁠⁠.

Produced by Eliza Davis Beard and Abisoye Osundairo.

Sound engineering and music by Sebastian and Josh Sommer.

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Chip rout Jul 28, 2026

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A global chip sell-off rattles tech markets, while oil prices retreat despite tensions in the Middle East. And central banks confront fresh inflation pressures.

Today’s recommended read:Central banks can't 'see through' this many inflationary risks, Mike Dolan

Subscribe to Mike Dolan's Morning Bid⁠⁠newsletter,⁠⁠and check out his columns on⁠⁠Reuters Open Interest⁠⁠.

Produced by Eliza Davis Beard and Abisoye Osundairo.

Sound engineering and music by Sebastian and Josh Sommer.

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Made in China Jul 27, 2026

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Chinese memory chipmaker CXMT soared 500% on its Shanghai debut to become the country's most valuable company at over half a trillion dollars. Meanwhile, Apple, Amazon, Microsoft, and Meta prepare to report as cash burn concerns weigh on AI's biggest spenders, and the Fed meets Wednesday with oil retreating nearly $10 from above $100 a barrel after a pause in U.S.-Iran strikes.

Today’s recommended read: Crude oil futures are pricing market adaptability, not hopeful Iran peace, Clyde Russell.

Subscribe to Mike Dolan's Morning Bid ⁠⁠newsletter,⁠⁠ and check out his columns on ⁠⁠Reuters Open Interest⁠⁠.

Produced by Eliza Davis Beard and Abisoye Osundairo.

Sound engineering and music by Sebastian and Josh Sommer.

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Trump's tariff wall Jul 24, 2026

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Trump imposed new duties on 60 trading partners overnight using a forced labor justification, oil is surging past $100 on Red Sea chaos, the Fed heads into next week's meeting more divided than its been in years, and Intel just shattered Wall Street expectations on the back of the AI boom.

Today’s recommended read:⁠ Who is funding America’s widening debt with the rest of the world?, Jamie McGeever

Subscribe to Mike Dolan's Morning Bid&⁠newsletter,⁠&and check out his columns on&⁠Reuters Open Interest⁠.

Read more from&⁠Amanda Cooper⁠&and&⁠Anna Szymanski⁠

Produced by Eliza Davis Beard and Abisoye Osundairo

Sound engineering and music by Sebastian and Josh Sommer

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Alphabet's AI bill Jul 23, 2026

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Alphabet's cloud revenue grew more than 80% year on year and the stock still dropped 3%. Tesla burned cash too, positing its first negative free cash flow in over two years. And with Houthi militants now forcing Saudi tankers to turn around in the Red Sea, oil is pushing toward $100 a barrel - giving the ECB a headache it wasn't expecting today.

Today’s recommended read:⁠ America's 'mass affluence' is bigger than you think, Mike Dolan

Subscribe to Mike Dolan's Morning Bid&⁠newsletter,⁠&and check out his columns on&⁠Reuters Open Interest⁠.

Read more from&⁠Amanda Cooper⁠&and&⁠Anna Szymanski⁠

Produced by Eliza Davis Beard and Abisoye Osundairo

Sound engineering and music by Sebastian and Josh Sommer

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Yen at 40-year lows Jul 22, 2026

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Japan's yen hits a 40-year low above 163 per dollar, putting Tokyo on intervention watch. Alphabet reports earnings after the bell tonight, kicking off hyperscaler earnings season. And Brent crude climbs again as fighting continues in the Gulf, Saudi tankers are turned back and the U.S. confirms the conflict has cost over $37 billion.

Today’s recommended read:⁠Three midweek thoughts - jobs, Fed targets and volatility, Mike Dolan

Subscribe to Mike Dolan's Morning Bid&⁠newsletter,⁠&and check out his columns on&⁠Reuters Open Interest⁠.

Read more from&⁠Amanda Cooper⁠&and&⁠Anna Szymanski⁠

Produced by Eliza Davis Beard and Abisoye Osundairo

Sound engineering and music by Sebastian and Josh Sommer

Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

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Canada's tariff surprise Jul 21, 2026

Show notes

Ten days into what was already supposed to be a ceasefire reports emerge of a push to mediate yet another 10-day ceasefire in U.S.-Iran hostilities - leaving markets struggling to keep up. In the UK, bond markets stay relatively calm under new Prime Minister Andy Burnham, who has committed to keeping UK debt stable over time, appointing John Healey as finance minister. And tariffs are back, with U.S. President Donald Trump levying 50% duties on roughly $20 billion Canadian goods including ice hockey gear, in the first use of Section 338 since the Supreme Court struck down his executive order.

Today’s recommended read: ⁠Burnham kicks off UK premiership with lucky breaks. Investors hope they last, Mike Dolan

Subscribe to Mike Dolan's Morning Bid ⁠newsletter,⁠ and check out his columns on ⁠Reuters Open Interest⁠.

Read more from ⁠Amanda Cooper⁠ and ⁠Anna Szymanski⁠

Produced by Eliza Davis Beard and Abisoye Osundairo

Sound engineering and music by Sebastian and Josh Sommer

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Oil above $90 Jul 20, 2026

Show notes

Crude tops $90 a barrel for the first time since early June as U.S. strikes on Iran enter their ninth day and two tankers are hit in the Strait of Hormuz. Markets are also watching Alphabet's Wednesday earnings, the first of the major hyperscalers to report. Plus, Andy Burnham is formally named Britain's new prime minister and investors wait to learn who will fill the key role of Finance Minister.

Today’s recommended read: Forget crude. War pushes refiners to the brink, Ron Bousso

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.

Read more from Amanda Cooper and Anna Szymanski

Produced by Eliza Davis Beard and Abisoye Osundairo

Sound engineering and music by Sebastian and Josh Sommer

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Chip dip Jul 17, 2026

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Japanese chip stocks lead a broad sell-off in Asian trading as investors question whether the AI spending cycle has peaked. China's Moonshot unveils what it calls the world's largest open-source AI model as President Xi Jinping hosts a global AI cooperation conference in Beijing. And Netflix shares fall after a second consecutive quarter of disappointing sales growth.

Today’s recommended read: Trump could get a lesson on Iran from an unlikely source — emus, Clyde Russell

Read more from Amanda Cooper and Anna Szymanski

Produced by Eliza Davis Beard and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

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SpaceX grounded Jul 16, 2026

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SpaceX has fallen back below its $135 listing price and sits more than 30% off its post-listing peak, with insiders expected to begin selling as lockup periods expire over the coming months. The company has yet to confirm a date for its first earnings report. TSMC's record 77% profit jump offers some relief to chip investors after a rocky week. Plus, the British pound climbs to a one-year high against the euro on UK finance minister speculation.

Today’s recommended read: Fed flip-flops make case for less talk, Mike Dolan

Read more from Amanda Cooper and Anna Szymanski

Produced by Eliza Davis Beard and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

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