WS #6223
No material new developments in the last 30 minutes. The dominant macro narrative remains the Iran war and energy market implications, which is ESCALATING. No counter-signals or de-escalation detected. MAG7 earnings after the close remain the key event.
Key developments
- Iran war cost reaches $25 billion, Pentagon confirms; oil above $117 as Hormuz blockade persists
- Kevin Warsh nomination clears Senate Banking Committee 13-11, on track for Fed Chair before May 15
- German inflation jumps to 2.9% in April as energy costs surge 10%
- MAG7 earnings day: GOOGL, MSFT, AMZN, META report after close; Meta's $115-135B capex signals aggressive AI spend
- Intel shares hit 52-week high, up 7.6% on continued momentum from blowout Q1 earnings
- GM raises guidance amid $500 million tariff refund, beats earnings expectations
- Bloom Energy crushes Q1 with 388% earnings surprise, boosting Plug Power and hydrogen sector
- Seagate surges on strong Q3 earnings; Wells Fargo raises price target to $700 from $450