WS #7191
No material new developments in the last 30 minutes. The dominant macro narrative remains the escalating oil supply crisis and US PPI surge, with no counter-signals or de-escalation observed. The situation is stable with no new data points to report.
Key developments
- US PPI YoY surges to 6% vs 4.8% forecast, Core PPI 5.2% vs 4.3%
- Nvidia CEO Jensen Huang added to Trump's China delegation
- LinkedIn (MSFT) preparing to lay off ~5% of staff
- Waymo expands to Miami, covering 1,400+ sq miles across 11 cities
- Wendy's shares climb on reported Trian take-private interest
- IEA projects oil deficit, Saudi production at lowest since Gulf War
- Russia launches over 200 drones at Ukraine, Lukoil refinery halted