Karen Moscow

I'm sorry, you can't say that he won't be sued if he doesn't drop interest rates?

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Nathan, the Democratic candidate for a Texas state Senate seat in a conservative district near Dallas won a runoff election on Saturday, overcoming a late intervention from President Trump.

Taylor Romet defeated Republican Lee Walmsgans in the race for the seat in Tarrant County, which includes Fort Worth, getting 57 percent of the vote.

President Trump carried the district by 17 percentage points in 2024.

Let's turn to the markets now, Nathan, where risk-off is being felt across the board.

Stock futures are falling and precious metals tumbling once again.

After dropping more than 11% on Friday, spot gold is down another 3.7% this morning.

Spot silver is down 3.6% after plunging 26% on Friday.

The rapid declines come after a record-breaking rally, and Martin Ritchie covers the metals for Bloomberg.

Bloomberg's Martin Ritchie notes that gold is now down about 20% from its all-time high.

Earnings will also be in focus on Wall Street, Nathan.

More than 125 companies in the S&P 500 reporting.

We'll hear from two of the so-called Mag7.

Alphabet reports on Wednesday and Amazon on Thursday.

This morning, we hear from Disney before the opening bell.