United Airlines headlines today's earnings calendar, along with a big swath of corporate results across industries. We've also got a very close eye on retail sales, expected to come in strong as the consumer "does it again" despite some blustering headwinds.
👋 Good morning! Monday saw Friday's euphoria get corrected by Iran news once again. But perhaps not as much as one might have expected.
The escalating tension in the Strait of Hormuz, which Iran says is closed and in which the US seized an Iranian ship, sent oil futures up around 5% back into the mid $90s.
But stocks only flinched a little. The S&P 500 (^GSPC) fell just 0.2% and the Nasdaq (^IXIC) 0.3% as the Dow (^DJI) stayed flat.
With President Trump saying the two-week ceasefire, expiring Wednesday evening in D.C., is unlikely to be extended, markets still have something to watch.
On the agenda this morning:
🍏 Goodbye, Tim Cook and hello, John Ternus
🤩 Wall Street is afraid of 'too much optimism'
🏦 Mr. Warsh goes to Washington
💼 Workers hate the pay but won't leave
😬 How the big banks really feel
⛽️ One last piece of bad news — for drivers
📆 What we're watching Tuesday: United Airlines (UAL) headlines today's earnings calendar (preview here), along with a big swath of corporate results across industries: aerospace and defense (RTX, Northrop Grumman, GE Aerospace); finance and insurance (Capital One, Chubb, Interactive Brokers, Synchrony); oil and gas (Halliburton); and retail (Tractor Supply Company).
We've also got a very close eye on retail sales, expected to come in strong as the consumer "does it again" despite some blustering headwinds.
🤖 The AI trade is fueling the market to record highs — despite Iran war.
🌈 Psychedelic drugmakers jump as Trump fast-tracks FDA reviews.
🥶 Cleveland-Cliffs stock drops on $80 million Q1 energy cost. The extreme cold snap was to blame.
🛰️ How Charlie Ergen's SpaceX windfall could net billions. The satellite cable provider made a huge bet that is looking good.
🤖 CEOs should be 'ringing the fire alarm' on AI reorganization, Writer co-founder says.
✈️ JetBlue CEO says airline isn't considering filing for bankruptcy, Bloomberg News reports. That's really something you don't want your CEO to have to say, on the other hand.🤚
💸 Refund portal opens for tariffs struck down by Supreme Court. Checks should come in the summer.
🍁 GLP-1 boom nudges cannabis dispensaries to rethink offerings.
⚡️ Tesla is last in the 'Magnificent 7' rally. But it's going to be the first to report quarterly results.
🏡 Home sellers outnumber homebuyers in low-demand market. The number of buyers in the market is approaching early pandemic lows.
₿ Bitcoin's comeback won't happen in 2026. At least, that's what consumers are telling Deutsche Bank surveys.