[CALENDAR ADDITION] US President Trump to participate in a pre-tape phone interview at 09:00EDT/14:00BST

Presidential interviews in this format have tended to be headline-generating events rather than information events: the substance, typically trade, tariffs, Fed commentary, or geopolitical posture, is known only once excerpts circulate, but this President's unscripted remarks have repeatedly moved markets on prior occasions of this kind. The pre-tape format matters, since the 09:00 EDT slot is the recording time, not necessarily the air time, and excerpts have historically leaked or been trailed before broadcast, so headline flow can begin at any point during the session. The channels that have tended to react first are the dollar and the front end on any Fed-related commentary, and trade-sensitive sectors, autos, semis, retailers, on tariff talk. The worth-noting follow-on is the medium and interviewer, which shape the subject matter, and whether wires carry running excerpts or wait for the full tape. As with prior instances, the risk is one-directional headline sensitivity rather than a scheduled data-style repricing.