Presented by BP.

Good morning, everyone. I'm Chief Playbook correspondent Eugene Daniels. It is Monday, February 24th. Here is what's driving today.

It's already shaping up to be a geopolitical kind of week. Today is the third anniversary of Russia's invasion of Ukraine, and leaders

of the G7 countries are planning to meet via video conference to talk about the war, military,

and humanitarian aid, and a potential end to the conflict. Here in D.C., French President

Emmanuel Macron will be in town to meet with President Donald Trump and urge the U.S. not to abandon Ukraine.

It's an effort that will include a visit to D.C. later this week, also from U.K. Prime Minister Kirstarmer.

But on the home front, Donald Trump's election helped turbocharge an already surging bull market in the U.S., sending stocks and cryptocurrencies to record highs.

Now, some on Wall Street are beginning to sound the alarm that the fast times can't last.

And here to chat with me about how Wall Street is freaking out about Trump's latest moves.

It's political capital markets reporter Declan Hardy. Good morning, Declan.

Good morning, Eugene. Thanks for having me.

Thank you for coming on. We talk all things here, but we haven't gotten to the finance guys

recently, so we're happy that you're here. You wrote this story, and I guess zooming out and getting

people up to speed, what are the financial guys behind the scenes? People like J.P. Morgan,

Chase, CEO, Jamie Diamond, hedge fund managers.

What are they saying about what President Trump and Elon Musk's dramatic, I guess, moves,

what those moves are doing to the stock market?

Yeah.

So for what it's worth and just to take an even further step back, the markets have been

pretty euphoric for the last couple of years, right? We've seen double-digit

gains in 2023 and 2024. So I think when Trump was elected last year, there was a lot of

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