Axios

Signs of the "Trump trade" were woven into markets today, even as comments from the Fed chair sparked increasing hope of near-term rate cuts.

Why it matters: In the eyes of global investors, the attempted assassination of former President Trump has only strengthened the prospects of his return for a second term.

Between the lines: Long-term treasury yields rose, led by the 30-year note — a reaction associated with expectations that Trump would preserve or expand tax cuts and focus on high-growth policies.

• Shares of Trump Media & Technology Group gained 31% on the day to $40.58.
• And while Fed chair Jerome Powell's positive comments on recent inflation data readings sent broad stock indexes up, certain stocks associated with the Trump trade outperformed today.

You thought you had an expensive wedding? This should make you feel better:

• The months-long wedding ceremonies in India of the youngest son of Asia's richest man, Mukesh Ambani, and the daughter of pharma tycoons finally concluded this past weekend and reportedly cost at least $132 million, according to the BBC.

What that paid for: A rumored $10 million for Justin Bieber to perform.

• Constructing 14 temples in part to provide a backdrop for the wedding.
• And a mass wedding for 50 underprivileged couples, among countless other extravagances.

Yes, but: With each event since festivities began earlier this year, public criticism has grown.

• While the remarkable displays of love and celebration mark a larger shift taking place inside India where "wealth must speak as loudly as possible," some view the opulence as being tone-deaf given that income inequality may now be worse than it was under British rule, according to the World Inequality Lab.

In the eyes of global investors on Monday, the attempted assassination of former President Trump has only strengthened the prospects of his return for a second term.

Why it matters: Money managers and traders had already been putting the "Trump trade" in motion — bets on looser U.S. regulation, tax cuts and increased spending — following President Biden's poor debate performance.

NATO is paying more attention to the security risks of climate change, along with warming's implications in the Arctic, a new report shows.

Why it matters: The 75-year-old security alliance has unique capabilities to analyze and prepare for the challenges that a warming world poses.