Market Talks covering the impact of U.S. Politics and White House policies on companies and markets. Published exclusively on Dow Jones Newswires throughout the day.

1307 ET - The Trump administration's designation of Anthropic as a supply chain risk to national security and its order the federal agencies stop using the company's technology caused outside partners to approach the company requesting clarity about whether they could continue their partnerships, Anthropic says in a lawsuit. "Anthropic immediately received outreach from numerous outside partners-from customers, to cloud providers, to investors-expressing confusion about what was required of them and concern about their ability to continue to work with Anthropic," the company says. "Dozens of companies have contacted Anthropic seeking clarity, guidance, and, in some cases, an understanding of their termination rights." (elias.schisgall@wsj.com)

1259 ET - Anthropic claims the Trump administration has infringed its right to free speech by designating the AI company a supply chain risk to national security, it says in a lawsuit. "The Constitution confers on Anthropic the right to express its views-both publicly and to the government-about the limitations of its own AI services and important issues of AI safety," Anthropic says in the lawsuit. "The government does not have to agree with those views. Nor does it have to use Anthropic's products. But the government may not employ 'the power of the State to punish or suppress [Anthropic's] disfavored expression." The company adds that the government's actions will have a chilling effect beyond just Anthropic. (elias.schisgall@wsj.com)

1226 ET - Anthropic sues the Trump Administration after President Trump directed federal agencies to stop using Claude and the Department of Defense designated the artificial-intelligence company a supply chain risk to national security. Anthropic says the administration violated the company's constitutional rights to free speech and due process, ignored Congressional procedures, and overstepped its authority in demanding agencies stop using Anthropic technology. The company asks a judge to permanently enjoin the government from enforcing its actions against Anthropic. (elias.schisgall@wsj.com)

0523 ET - The surge in oil prices may still be short-lived, according to Julius Baer's Norbert Rücker in a research note. "Oil markets have entered panic mode," says the head economics and next generation research. While prices have surged to over $100/bbl, most of this move seems to "come from nervousness and sentiment, since tangible and significant fundamental shifts in the conflict are not visible over the weekend," he says.Rücker still believes the energy price spike will be intense but short-lived. "Meaningful infrastructure damage remains absent, and Iran's military threat seems to be softening," he says. Front-month WTI crude oil futures are 15% higher at $104.15/bbl; front-month Brent crude futures are 15% higher at $106.80/bbl. (tracy.qu@wsj.com)

0358 ET - Gold prices fall 1% on fears that rising energy prices could stoke inflation and delay interest-rate cuts in the U.S. In early trading, New York futures are down 1% to $5,105.70 a troy ounce, while the U.S. dollar index rises 0.3% to 99.27, making dollar-denominated commodities more expensive for overseas buyers. Meanwhile, oil prices surged above $100 a barrel as major Gulf producers begin cutting output. Still, "the current [oil] price surge reflects a supply shock, not stronger demand, raising the risk of stagflation that could ultimately force central banks to provide economic support," analysts at Saxo Bank say in a note. "In the short term, deleveraging and a stronger dollar may weigh on prices without removing the underlying reasons investors have increasingly been flocking to hard assets in recent years." (giulia.petroni@wsj.com)

0334 ET - The dollar stays elevated after reaching a three-month high overnight as oil prices surge on the ongoing conflict in the Middle East. The dollar benefits from higher oil prices as the U.S. is a net oil exporter while the market has scaled back interest rate cut expectations for the Federal Reserve due to the potential inflationary impact. Broad-based risk aversion resulting from the conflict also boosts the dollar due to its safe-haven role. The DXY dollar index rises 0.4% to 99.389 after reaching a high of 99.695 overnight. (renae.dyer@wsj.com)

0312 ET - China may still face deflation pressure this year, Barclays economist say in a research note. The rise in the consumer price index in February "largely reflects the low base a year ago due to the difference in the timing of the lunar new year holidays," they say. Looking ahead, the economists think the downward trend in core CPI will continue in 2026 due to continued housing deflation and subdued wage growth. That said, the risk to this inflation forecast is from oil prices, they note. An increase of $10 per barrel in oil prices would push up inflation by 0.1 percentage point, they add. (tracy.qu@wsj.com)

0240 ET - Market developments these days are the opposite of what President Trump has been vying for, Pepperstone's Michael Brown says in a note. "I think it's important to recognize that almost everything we see in markets right now is the opposite of President Trump's stated aims," the senior research strategist says. Trump has noted on numerous occasions his desire for lower oil prices, higher stock prices, a weaker dollar, lower rates and a more dovish Federal Reserve, Brown says. What Trump is actually getting right now is higher oil prices, lower stock prices, a stronger dollar, higher rates, and a Fed that's stuck between a "rock and a hard place," the strategist says. (emese.bartha@wsj.com)

2132 ET - Japan's monthly trade deficit will stand at approximately 1 trillion yen if crude oil prices remain around $90 a barrel, according to Daiwa Securities estimates. Should prices exceed $120, the deficit could expand to nearly 2 trillion yen, the estimates show. "Changes in the trade balance typically affect the dollar-yen rate with a time lag of about one to one and a half years. If crude oil prices remain high, it is expected to put further downward pressure on the yen," Daiwa strategists say. The dollar was last trading at 158.70 yen. (megumi.fujikawa@wsj.com)

(END) Dow Jones Newswires

March 09, 2026 13:07 ET (17:07 GMT)

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