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Trump Threaten Super Tuesday hits Iran over Strait deadline. (0:17) Markets brace for Hottest inflation. (1:50) Payroll Crushing expectations. (2:51)
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President Donald Trump has intensified his rhetoric toward Iran, threatening major strikes on infrastructure if the Strait of Hormuz is not reopened under a 48-hour deadline he set Saturday morning.
Sunday, Trump posted: “Tuesday will be Power Plant Day, and Bridge Day, all in one day, in Iran. There will be nothing like it!!! Open the strait, you crazy bastards, or you will live in hell – just watch! Thank God.”
The “Not Safe for Work” letter — characterized by its frank tone, language, and Easter prayer to God — sparked an immediate uproar across social media.
The post came after a day earlier in which Trump warned that “all hell” would do it It will rain if the strait is not reopened.
Later Sunday, Trump, in a phone interview with Fox News correspondent Trey Yingst, said negotiations with Iranian officials were still active. But if “they don’t make a deal quickly,” he “They think about blowing everything up and taking the oil“, according to Yingst’s account.
Prediction markets Showed limited movement Post comments.
In Calci, the odds that traffic in the strait would return to normal by May 15 were about 14%, almost unchanged. The odds of reopening by June 1 rose to 30%, an increase of 7 percentage points.
At Polymarket, the probability of the conflict ending by May 15 rose to 28% from 25%, while the probability of resolution by June 30 fell to 55% from 60%.
Meanwhile, OPEC+ members are preparing to do so Approval of a modest increase In may oil (is used) (Sons) Production targets despite interruption of flows.
Major producers, including Saudi Arabia and Russia, are expected to support a plan to increase quotas by about 206,000 barrels per day during a virtual meeting, Bloomberg reported.
On the economic front, this week is all about inflation.
On Thursday, the Fed’s preferred measure of inflation — core personal consumption expenditures — will arrive alongside consumption data. But February’s numbers may already look outdated given the recent surge in energy. The core PCE rate is expected to rise by 0.4% on a monthly basis, with the annual rate falling to 3%.
The March CPI report will be closely watched for the early impact of higher oil prices.
The headline CPI is expected to jump 1% month-on-month, pushing the annual rate to 3.4% from 2.4%. The core CPI, which excludes food and energy, is expected to rise 0.3% on the month, with the annual rate rising to 2.7% from 2.5%.
While the core CPI excludes energy directly, higher oil prices could seep through other components — such as airline tickets — as airlines adjust to higher jet fuel costs.
If the war continues, “inflation expectations will continue,” says Damir Tokic, an analyst in South Africa Likely to de anchor As inflation continues, at which point the Fed will need to start raising interest rates.
Investors will also get their first full trading reaction to Friday’s March jobs report, which was released during the market holiday.
Nonfarm payrolls rose by 178,000more than three times the consensus estimate of 51K. The unemployment rate fell to 4.3%.
Heather Long, chief economist at Marine Federal Credit Union, noted strong hiring in many industries, but warned that slowing wage growth could “hurt many workers.”
delta airlines (D) tops a thin calendar, with analysts expecting EPS of $0.60 on revenue of about $14.9 billion. The carrier raised its first-quarter revenue forecast in March, citing good demand.
SA analyst Tim Dunn points to Delta’s Trainer refinery It could save up to $1 billion Compared to peers amid higher crack spreads and geopolitical risks.
Investors will also hear comments about TSA staffing pressures during the government shutdown.
Also on calendar:
Levi Strauss (Levi) reports Tuesday. Constellation brands (STZ) and applied digital (I’m stupid) Join Delta on Wednesday. blackberry (for) weighs in on Thursday.
For income investors, JPMorgan Chase (JBM) The ex-dividend is paid on Monday, and is scheduled to be paid on April 30.
gap (gap) goes ex-dividend on Wednesday, and is paid on April 29.
AT&T (T) and Verizon (VZ) Go to ex-earnings on Friday. Both are paid on May 1.
