Global Bond Selloff, Micron Earnings, and French Budget Analysis

This segment provides a comprehensive overview of critical market movements, including the deepening global bond selloff with U.S. 10-year yields reaching their highest levels since 2002. It examines the implications for interest rates, inflation expectations, and economic resilience amidst strong corporate performance.

■ Market Overview and Bond Trends
- U.S. 10-year yield hits highest since 2002; UK 30-year gilt reaches 6%
- Persistent inflation fears and government borrowing drive rate expectations higher
- Economic data shows resilient consumer spending and strong corporate profit margins

■ Technology Sector: Micron and AI Developments
- Micron's bullish forecast fueled by AI demand, despite warnings on margin compression from wage increases
- Google releases Gemini 4 model amid mixed internal feedback and external skepticism
- OpenAI accuses Moonshot of unauthorized data extraction and distillation efforts

■ International Finance and Corporate News
- France presents budget plans to curb spending and narrow deficit amid political uncertainty
- Paramount announces merger details with Warner Bros., while Netflix defends its acquisition pursuit
- Constellation Energy secures nuclear power deal with Amazon, reigniting interest in nuclear energy

■ Macroeconomic Outlook and Fed Policy
- Analysis of U.S. economy as a multi-engine growth driver supported by capex and AI investment
- Discussion on debt refinancing risks in 2027-2028 and potential equity market reckonings
- Insights on midterm election impacts and current pricing of future rate hikes

Viewers seeking to understand the interplay between rising yields, tech sector dynamics, and global fiscal policies will gain valuable context for navigating current financial markets.