WS #12076
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran escalation with oil price surges, countered by the CPI relief and strong bank earnings. No new counter-signals or de-escalation signals detected.
Topics
Key developments
- US resumes naval blockade of Iran at 4 PM ET; Iran asserts sovereignty over Strait of Hormuz
- Senate Democrats block NDAA over Iran hostilities
- Cooler-than-expected CPI (3.5% YoY) boosts stock market; JPMorgan calls it 'a huge relief'
- IBM plunges ~24% after preliminary Q2 miss, worst day since 1962
- Meta sued for using AI to select employees for layoffs, targeting disabled workers
- Oil prices surge: Brent +2.14%, WTI +1.96%, heating oil +5.13% on Iran blockade
- Goldman Sachs expects full-year alternatives fundraising to exceed $125B; Q2 revenue $20.3B
- Writers Guild of America files suit to block Paramount's deal for Warner Bros.