Sanitation

Daily Briefing

By Claire Beers

Hello. President Trump uses the White House shooting to revive push for new ballroom and security upgrades, Iran's foreign minister heads to Russia, and renewables are in vogue as the Iran war drives up European power prices.

Plus, Adidas shares pop after beating Nike to marathon milestone.

Today's Top News

President Trump salutes during the annual White House Correspondents' Association dinner. REUTERS/Jonathan Ernst

President Trump spoke in the aftermath of an attempted attack on administration officials, underscoring his instinct to spin narratives with himself as the undaunted hero, while rarely missing a chance to plug his priorities. See how the shooting unfolded here.
Despite the shooting, Britain's King Charles and Queen Camilla are moving ahead with their visit to the US. UK bureau chief Kate Holton tells the Reuters World News podcast that Downing Street is hopeful the royal visit will shore up strained ties over trade and the Iran war. Listen now.
Israeli strikes killed 14 people and wounded 37 as the Israeli military warned residents to leave towns beyond the "buffer zone" ‌it occupied.
Trump said Iran could telephone if it wanted to negotiate an end to their two-month war, as Tehran's foreign minister landed in Russia to seek support from President Vladimir Putin.
A majority of Americans believe all babies born in the country should automatically be granted citizenship, according to a Reuters/Ipsos poll carried out as the US Supreme Court prepares to rule on Trump's effort to end the ‌practice.
Ukraine commemorated the 40th anniversary of the Chornobyl disaster, amid fears that Russia's four-year war could spark a repeat of the world's worst nuclear accident.

Business & Markets

Workers on a production line manufacturing tank containers at a factory in Nantong, China. REUTERS/cnsphoto

Profits at China's industrial firms grew at their quickest pace in half a year last month, adding to broader signs of ‌an uneven economic recovery in the first quarter as policymakers brace for the impact of the Middle East war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, Albania is an example of how countries with higher renewables output have been protected from steep rises in electricity prices.
The Bank of England will keep interest rates on hold this week and look ahead to the damage mounting for Britain's economy from the Iran war, while investors will be watching for any signs it is moving towards raising rates.
Nigeria's giant Dangote refinery is benefiting from record margins on jet fuel, which it mostly sells abroad, while the domestic airlines it also supplies have threatened to stop flying because of the surge in fuel prices.
Market reaction to DeepSeek's preview of its long-awaited next-generation artificial intelligence model has so far been subdued compared with the Chinese startup's outsized ‌global breakthrough last year after the launch of its low-cost AI models

How Trump is moving to expand federal authority over US elections

Reuters identified at least 20 current and former Trump officials who supported efforts to overturn the 2020 election or promoted broader voter‑fraud claims and are now involved in the White House’s push to reshape federal elections.

A Reuters investigation examines a broader‑than‑previously known Trump administration effort to expand federal authority over elections that have traditionally been run by states and local governments.

Across at least eight states, Reuters found federal officials and investigators seeking voter records, pressing for access to voting equipment and pursuing election‑fraud inquiries, prompting some state and local officials to consult lawyers and plan for subpoenas, warrants or unannounced federal visits to election offices and polling places.

Election officials and election‑law experts told Reuters the moves appear to test constitutional limits, forcing states to weigh federal demands against their own prerogative to administer elections.

Read our special report

And Finally...

Sabastian Sawe crosses the finish line to win the men's elite race REUTERS/Matthew Childs

Kenya's Sabastian Sawe shattered one of athletics’ most elusive barriers, becoming the first man to run a marathon in under two hours in an official race as he stormed to victory at the London Marathon in one hour 59 minutes and 30 seconds.

Adidas' shares rose 1.7% after the win as Sawe was wearing the brand's flagship trainers.

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Morning Bid Europe

A look at the day ahead in European and global markets

By Tom Westbrook, Deputy Financial Markets Editor

Data refreshes every time you open this email. For more European market news, click here. Please send any feedback to morningbid@thomsonreuters.com.

While U.S.-Iran talks have stalled, and next to no oil is making its way through the Strait of Hormuz, stock markets' attention has swung back to the unabated boom in AI.

Artificial intelligence supply chain stocks rallied markets in Japan, South Korea and Taiwan to record highs on Monday on a wave of buying unleashed by Intel's unexpectedly strong revenue forecast.

With G10 central banks seen leaving rates where they are this week and the uneasy ceasefire holding in the Middle East, the focus is on the linchpin of AI gains -- the hyperscalers' spending plans when they report earnings later this week.

Today's Market News

Chipmakers break records

Ships and boats in the Strait of Hormuz, Musandam, Oman, April 24, 2026. REUTERS

Asia's chipmakers reported record-breaking earnings last week, with quarterly profit up fivefold at SK Hynix and Samsung projecting an eightfold jump to an operating profit of nearly $38 billion for the three months from January to March.

TSMC, which also posted a record first-quarter profit, has logged eight straight quarters of double-digit growth.

Share prices can hardly keep up with the rivers of gold, but they are surging too, with Hynix stock near doubling this year and the market value of South Korean and Taiwanese stocks eclipsing those of Germany, according to the World Federation of Exchanges.

Graphics are produced by Reuters

Rates in focus

On the Iran front, an Axios report that Iran had proposed conditions for reopening the Hormuz and separating nuclear negotiations for another time, buoyed markets on Monday.

German consumer sentiment for May is due on Monday and investors may start to adjust some of the aggressive short-term rates positions, betting on imminent hikes leading into European and British central bank meetings.

Key developments that could influence markets on Monday:

U.S.-Iran peace talks
Economics: German consumer sentiment for May
Earnings: Deutsche Boerse, Verizon, Domino's Pizza

Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.