SpaceX Opens Its 109x Analyst Day While Brent Trades Through $95
Twenty-one banks walk into Starbase Tuesday to underwrite the $1.75 trillion book with the peace trade already wobbling on the Vance postponement and a Hormuz clock under 36 hours.
Economy
Tesla Reports Wednesday and Barclays Says Terafab Is the Question
Tesla's Q1 prints after Wednesday's close on a 50K inventory build, and Barclays says the real question is whether Musk asks shareholders to underwrite the Terafab AI chip complex.
Brent's Monday Reversal Fades In Asian Session Before The Clock
Brent jumped 5.6 percent Monday then lost 0.68 percent in Asia while Citi warned of $110 in Q2 and Rystad said sustained $100 unlocks Latin American barrels.
Lagarde Warns Europe Faces Prolonged Hormuz Fallout
The ECB president told the German banking association Europe faces a highly uncertain outlook as two variables — duration and pass-through — now decide the policy response.
CBP CAPE Day Two — The 9,999 Cap And The 166,000 Entries In The Queue
CBP's refund portal went live Monday at 8 AM ET with a 9,999-entry cap per declaration and no path to include 166,000 AD/CVD-suspended entries in Phase 1.
The Russia Oil Waiver Enters Day Twenty-Five of Its Iran-Excluded Architecture
OFAC's April 17 renewal of General License 134B runs to May 16, Day 25 of the waiver architecture the administration has chosen to exclude Iran from and include Russia within.
American Airlines Drops Four Percent Ahead of Thursday's First-Quarter Print
AAL closed down 4.2% Monday and reports Q1 Thursday with guidance already cut to negative EPS, the late-cycle airline read on Delta's two-billion-dollar fuel hedge.
IBM Reports Q1 Wednesday With a Nine-Point-Five-Billion-Dollar GenAI Book to Defend
IBM prints Q1 Wednesday after market close with the watsonx book's credibility as the real metric and the stock twenty-five percent off its fifty-two-week high.
Four Industrials Report Before the Bell Into a Brent-Above-Hundred Tape
RTX, GE Aerospace, Halliburton, and 3M all print before the bell Tuesday into a Brent-above-$100 tape that doubles as the quarter's defense-cost-input cluster test.