US Morning News Call | 10-Year Treasury Yield Tops 5%, Highest Since 2007

Key Takeaways:

• Trump and Nvidia's Huang Reject AI and Data Center Fears

• 10-Year Treasury Yield Tops 5%, Highest Since 2007

• Apple Releases iOS 27, Redesigned Siri AI

🔔Before the Bell

Stock futures fell Tuesday as traders awaited the Federal Reserve's policy decision later this week, which could ripple through the economy, while Treasury yields surged to multiyear highs.

$E-mini NASDAQ 100 Futures (DEC6) (NQmain.US)$ went down by 0.15%;

$E-mini S&P 500 Futures (DEC6) (ESmain.US)$ went down by 0.19%;

$E-mini Dow Futures (DEC6) (YMmain.US)$ went down by 0.3%.

Trump and Nvidia's Huang Reject AI and Data Center Fears

President Donald Trump called Nvidia CEO Jensen Huang during the All-In Summit, praising data centers as vital to U.S. economic growth and dismissing calls to slow AI development. Huang rejected catastrophic AI predictions but said credible safety concerns should be taken seriously and companies should pause if their systems become uncontrollable.

10-Year Treasury Yield Tops 5%, Highest Since 2007

The benchmark yield surged as investors increased bets on a quarter-point Federal Reserve rate hike. Persistent inflation and elevated oil prices are adding pressure to Treasury yields. Treasury Secretary Scott Bessent has taken measures to contain yields with limited success so far.

Anthropic Pursues Enterprise AI Strategy Ahead of Potential $2 Trillion IPO

Anthropic, founded after splitting from OpenAI, focuses on enterprise customers and workplace applications rather than consumer users. The company reportedly generates more revenue than OpenAI and is preparing for a potential IPO valued at approximately $2 trillion.

Eli Lilly Captures Over 30% of New U.S. Oral Weight-Loss Drug Patients

$Eli Lilly and Co (LLY.US)$ says its Foundayo pill has secured more than 30% of new U.S. patients using oral weight-loss medications since launching in April. The company also reports strong demand for injectable Zepbound in a Medicare obesity-drug pilot, with most participants new to GLP-1 therapies.

Apple Releases iOS 27, Redesigned Siri AI

$Apple (AAPL.US)$ released iOS 27 with an opt-in beta of its more conversational, personalized Siri, which can search users' messages, emails, and calendars while handling complex requests through private cloud infrastructure.

🪙 Crypto News

$Bitcoin (BTC.CC)$ fell -2.12% to 76878.55; $Ethereum (ETH.CC)$ fell -2.35% to 2473.37.

Bernstein Sees Potential Upside Surprise for the Clarity Act

Bernstein analysts say Senate Republican concessions on ethics enforcement and community-bank concerns may improve the crypto bill’s chances in Tuesday’s procedural vote. They argue markets remain positioned pessimistically, while the vote and the Federal Reserve’s Wednesday policy decision could drive significant volatility across crypto assets and related stocks.

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