Copper Market in Tumult Waiting for Details of Trump’s 50% Tariff

Chinese regulators have called in Nvidia for talks over concerns that its AI chips might pose hidden security risks—what they're calling "backdoor" vulnerabilities. This isn't just a technical spat; it reflects growing tensions between the U.S. and China over tech dominance, especially in sensitive areas like artificial intelligence.

Stock futures are climbing this morning as investors cheer a double dose of good news—big tech earnings surprises and fresh trade agreements. Meta and Microsoft are leading the charge after posting stronger-than-expected results, while a new U.S.-South Korea economic deal adds to the optimism.

Cigna, the health insurance giant, just posted better-than-expected profits thanks to strong growth in its health services division. Basically, they're making more money from things like pharmacy benefits and care delivery, even as traditional insurance margins tighten.

Just as new tariffs on Chinese goods are about to kick in, a federal court is set to rule on a major legal challenge to President Trump’s trade war. The case could either reinforce or undermine his aggressive trade policies, depending on the outcome.

South Korea has struck a trade deal with the Trump administration, joining other U.S. allies like Japan in negotiating agreements to ease the threat of tariffs. The deal comes amid ongoing protests in Seoul against Trump’s trade policies, highlighting the tension surrounding these negotiations.