Mike Dolan

This is Reuters Morning Bid, bringing you unfiltered market news and analysis straight from the Reuters newsroom.

I'm Mike Dolan in London.

And I'm Elena Casas.

It's Thursday, October 1st.

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[gentle music][instrumental music] Turning to markets now, and we've got the latest with Mike Dolan, host of our sister markets podcast, Morning Bid.

So for the first time in days, we have a question mark over this increasingly hawkish outlook for interest rates and, and Fed policy in particular.

Uh, so New York Fed boss John Williams came out, uh, last night and said that the possibility or the, uh, likelihood of a Fed rate rise as soon as October was maybe too soon.

The chip maker's total buyback firepower now stands at $235 billion, more than the entire market value of most companies in the S&P 500.

For more on the markets and what else investors are watching, here's Mike Dolan from our sister podcast, Morning Bid.

So the bond market squeeze continues to go on, and it's beginning to drag on stocks, worried about the heat of the economy and, and lots of interest rate rises ahead.

However, the AI universe, uh, there was a flurry of information from it over the past 24 hours, not least from this AI star, Anthropic, which is, uh, its prospectus for its planned IPO, which we expect sometime after the midterm elections, uh, outlining yet again an existential risk to humanity from its developments.

Despite meeting with Anthropic's Dario Amodei for dinner on Sunday night, a CEO who wants new regulations, Trump is pushing back, insisting that slowing AI's pace would only help China.

[gentle music] We turn to markets now, and for a look at what's on the radar this week, we're joined by Mike Dolan, host of our sister podcast, Morning Bid.

Good morning.

It's going to be another busy week and noisy week for bond markets, which are, remain, uh, on edge after, uh, some significant climbs in borrowing rates, uh, right through last week.

[instrumental music plays] Those talks will also be closely watched by the markets.

For more on how investors are reading this, here's Mike Dolan of our sister podcast, Morning Bid.

So the big set piece of the week that many in the markets had been watching is the Trump-Xi meeting today.

Uh, I think the expectations around it are being scaled back, uh, almost by the hour.

[gentle music]Markets are digesting news of possible increased Saudi oil supply with the kingdom restarting operations at its east-west pipeline, according to sources who spoke to Reuters.

For more on that, here's Mike Dolan from our sister podcast, Morning Bid.

Yeah, we had, uh, considerable optimism in the oil market all of a sudden over the last 24 hours.

Uh, much of that is related to what's happening in New York at the General Assembly, uh, possibilities of a meeting between, uh, President Trump and the Iranian president.