Morgans AM - Monday, October 20, 2025

• US equity markets advanced on Friday (17 October) as investors shook off concerns about the health of the banking sector and mulled comments from President Trump about threatened extra tariffs on Chinese goods - Dow rose +238-points or +0.52% . Apple Inc rose +1.6% after the technology giant said it scored an agreement with Formula 1 to broadcast races and other content exclusively on Apple TV in the U.S. The deal, which begins next year, will include “comprehensive coverage of Formula 1, with all practice, qualifying, Sprint sessions, and Grands Prix,” as well as select races and all practice sessions for free on Apple TV. Financial terms were not released.