00:08all right futures are under pressure ahead of monday's open here but as mentioned they are
00:15up off of the overnight lows here s&p futures down 0.42 percent dow futures down 0.46 percent
00:22and the nasdaq also down 0.42 percent all right let's check in on some cues from last session
00:32shall we on friday major indexes built on earlier gains and closed out their third consecutive
00:40higher week boosted by news that iran declared the straits of hormuz completely open to commercial
00:44traffic dow jones jumped about 2.2 percent and the s&p gained 1.4 percent while the nasdaq also
00:51posted
00:51some solid gains the week's flows went primarily into financial discretionary and tech stocks all
00:57of which lagged through much of march some of those are down here in the pre-market um now starting
01:05with this week u.s stock futures retreated early monday as weekend surge in u.s iran tensions
01:11dashed hopes for a lasting middle east peace deal that sent oil prices sharply higher and rattles
01:16investors confidence heading into a pivotal week of earnings which is really the big story for this
01:21week dow jones futures dropped seven tenths while contracts on the s&p 500 and the nasdaq each fell
01:27six tenths in early trading monday again they're down just about four tenths now so we are up off of
01:33those lows the pullback comes after a winning week for wall street the s&p 500 and nasdaq climbing to
01:40all-time highs last week on the back of the ceasefire optimism and the reopening of the strait of
01:45hormuz the weekend brought a sharp reversal iran had declared the strait of hormuz reopened but by
01:52saturday vessel traffic through the key shipping lane was restricted again state media saying the
01:58u.s quote did not fulfill their obligations end quote trump warned on sunday he would quote knock out
02:04every single power plant and every single bridge if i ran uh in iran excuse me end quote if tehran
02:12did
02:12not agree to washington's terms to end the conflict with a fragile ceasefire set to expire this week
02:17more volatility on deck as a result oil prices surged over six percent on monday in response though
02:23they remain below the key 100 level u.s benchmark west texas intermediate crude futures traded around
02:2988 per barrel while global benchmark brent crude changed hands at above 96 dollars
02:36this week brings a heavy slate of corporate earnings that could set the tone for broader markets
02:41earnings season accelerates from april 20th today to april 24th with key names that include the likes
02:48of tesla ticker t-s-l-a intel ticker intc united health group ticker unh and ge aerospace ticker ge
02:57they're reporting results that could influence the markets across tech health care and industrials
03:04meanwhile the 10-year treasury bond yielded 4.274 and the two-year bond was at 3.741 the cme
03:13group's
03:13fed watch tool projection showed that the market is pricing at a 99.5 likelihood of the federal
03:18reserve leaving the current interest rates unchanged in its april meeting there is no economic data
03:25scheduled for monday however the week ahead is packed with market moving events the senate banking
03:31committee excuse me the senate banking committee has scheduled a confirmation hearing at 10 a.m eastern
03:36on tuesday tomorrow april 21st for kevin warsh president trump's nominee for the federal reserve
03:42chair thursday april 23rd that brings the weekly jobless claims report friday april 24th closes the
03:50week with the university of michigan's final consumer sentiment index reading for april new york fed
03:55staff nowcast is also due on friday and just as mentioned here with uh with oil here wti crude
04:02futures did surge approximately seven percent to around 88.36 per barrel brent crude traded above 96
04:08per barrel gold futures slipped 1.36 to 4 813 per ounce and bitcoin was trading around 74 800 down
04:16about
04:170.65 over the past 24 hours european stocks fell broadly on monday with the pan european stock uh
04:25stocks 600 down nine tenths in early trade the german dax fell 1.3 percent and the french cac 40
04:31dropped about 1.1 percent and the footsie 100 opened four tenths lower with most sectors in negative
04:37territory asia pacific markets were mostly higher overnight though u.s futures erased those gains as
04:44the tensions escalated
04:46the tensions escalated
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