Monica Ricks

markets are closed for Memorial Day today, but stocks are still trading overseas.

The FTSE in London is up 0.2%, the CAC in Paris is up 1.7% this hour, and the DAX in Germany is trading 1.6% higher.

The Nikkei in Japan led a rally in Asia today, closing above 65,000 for the first time.

It was up 2.8 percent.

The Hang Seng in Hong Kong added 0.8 percent, and China's CSI 300 gained 1.5 percent.

Here at home, National Economic Council Director Kevin Hassett says he's confident a further drop in oil prices when this war ends will create space for a Fed cut.

Hassett on Fox News.

Pope Leo joined Anthropic co-founder Christopher Olad today at the Vatican to launch the first encyclical on artificial intelligence, warning about its dangerous impacts.

The pontiff says AI could potentially accelerate the pace of conflicts.

His position could also become a new flashpoint with the Trump administration after ordering all U.S.

agencies to stop using Anthropix technology when the company refused to give the U.S.

military unrestricted use.

Anthropix currently suing the administration.

The most recent measures of U.S.

consumer sentiment have shown a lot of gloom and it could get worse this summer.

Bloomberg's Andrew O'Day.

Shares in Delivery Hero surged 10% today in Germany following an $11 billion takeover offer by Uber this weekend.

But investors are betting a higher price will be required to close a deal.

DoorDash has also expressed interest in Delivery Hero's Middle Eastern business, Talabat, but has yet to put in an offer.

And SoftBank shares climbed to a record high today, up 4.6 percent, spurred by hopes of big returns from the Japanese investor's stakes in OpenAI and SB Energy should the two go public.