Morning Brief: Chicago Fed's Goolsbee 'nervous' about impact of oil shock on economy

👋 Good morning! Another Iran-led time successful markets arsenic the US bombed Iran's cardinal lipid hub connected Kharg Island, sending lipid prices (CL=F) up erstwhile again to astir $114.

The banal market, with President Trump's menace to Iran that a "whole civilization volition dice tonight" astatine apical of mind, inactive managed to eke retired gains arsenic anticipation remained connected Tuesday of a diplomatic resolution.

The S&P 500 (^GSPC) and Nasdaq (^IXIC) gained 0.1% arsenic the Dow (^DJI) fell 0.2%.

Since the close, the president and Iran person agreed to a two-week ceasefire, which includes opening the Strait of Hormuz.

On the docket this morning:

🛢️ The "s" connection is back

🤖 The AI manufacture knows it has a monolithic representation problem

🔐 Anthropic launches cybersecurity concern with tech giants

🗣️ What if the "Magnificent Seven" are cheap?

⛽️ Gas prices are hitting households hard

🌎 One really, truly chill thing

📆 What we're watching Wednesday: Oil prices cratered instantly pursuing Trump's announcement, and banal marketplace futures jumped connected the quality connected Tuesday night. But the marketplace volition overgarment a fuller representation of its thoughts successful today's prices.

The archetypal 4th net play kicks disconnected with results from Delta (DAL) primed to springiness a look astatine however the lipid daze volition impact the assemblage — and prices into the engaged summertime season.

We'll besides get results from Constellation Brands (STZ) and the Fed's minutes from the March meeting, definite to beryllium absorbing amid ostentation and Iran.

📉 US banal buyers are uniquely susceptible to Iran war. The caller past has seen investors determination wealth into stocks, treble the stock earlier the past large lipid shock.

👟Why the Nike banal sell-off hasn't crossed the decorativeness enactment yet. One expert said the "turnaround premium" is "likely to fade."

📊 4 charts Wall Street is watching arsenic Iran warfare rages on. The governmental quotient is precise overmuch successful play.

💰 The dividend output connected the S&P 500 is present astatine 50-year lows. Here's the biggest problem.

🚀 How to bargain SpaceX earlier the IPO. It's possible, but determination are caveats.

📱 Apple's iPhone 17 outpaces iPhone 16 arsenic income surge. Still, gross is estimated to beryllium beneath the firm's projections.

🏥 UnitedHealth and different insurer stocks leap aft Medicare agrees to assistance payments adjacent year. The larger-than-expected bump of 2.5% amounts to astir $13 billion.

📱 Apple's foldable iPhone faces engineering snags and imaginable shipment delays, Nikkei Asia reports. Would you usage a folding iPhone?

🎶 Universal Music banal soars arsenic Bill Ackman plans $64 cardinal acquisition. Not lone that, but helium wants to bring it to the NYSE.