Happy Monday. Markets were closed on Friday amid continued mixed messages regarding the timeline for a potential wind-down of the war in Iran. As of 2:30 p.m. today, as Trump had finished his live address to the nation. With less than an hour until market close, stocks are up slightly, with the S&P 500 eeking out a 0.32% increase as trading winds down.
During the press conference, Trump and his administration reiterated the successful recovery of a second airman from a U.S. F-15 jet that went down in Iran on Friday. As questions from the press began, Trump doubled down on his promise to take out critical power facilities and bridges across the country if an agreement isn't reached by tomorrow evening. In typical fashion, the president criticized reporters from outlets he finds adversarial (like CNN and the New York Times) for representing "fake news" outlets.
> Use AI to make $30k-$50k a year? During Tesla's last earnings call, Elon Musk quietly unveiled a new way to use AI -- and he says it could create a substantial passive income stream. LEARN MORE >>>
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> Use AI to make $30k-$50k a year? During Tesla's last earnings call, Elon Musk quietly unveiled a new way to use AI -- and he says it could create a substantial passive income stream. LEARN MORE >>>
Michael Feroli, chief U.S. economist at JPMorgan, has forecast zero rate cuts through all of 2026. Instead, the bank expects a 25 basis point rate hike in the third quarter of 2027.
TheStreet's Hillary Remy has the latest on why the big bank is making a case for a cautious Fed in the months to come.
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