Market Signals from Junk Bond Spreads

MFS, a big lender based in London, has been making risky loans and is in the British equivalent of bankruptcy. Now, investors are buying up U.S. government bonds, and lenders are pulling back from the riskiest parts of the private credit markets. Is there a bigger pattern here? We'll discuss. Then, Anthropic is rejecting the Pentagon’s demands for unrestricted use of its technology, and we'll hear how business is going for a Main lobster fisherman.