Keep up with what is happening on the U.S. stock market
Reed Hastings (co-founder) leaving as executive chairman in June -- "Netflix's greatness is so strong that I can now focus on new things."
Q1: net income $5.28B vs $3.29B est.; EPS $1.23 vs $0.76. $2.8B WBD breakup fee boosted profits; guidance unchanged. NFLX -8.7% AH.
Paulson: "We need an emergency break-the-glass plan which is targeted and short term on the shelf, so it's ready to go when we hit the wall." Unlike 2008, the U.S. now lacks fiscal capacity to step in -- a Treasury crisis would hamper the government's ability to finance itself. 10-yr 4.308%, 30-yr 4.929%.
Burry opened ~3.5% PayPal; plans to add Salesforce and MSCI; maintains Adobe, Autodesk, Fiserv, Veeva. Thesis: sell-off was a "reflexive positive feedback loop" from private credit/software debt stress -- not AI eating fundamentals. IGV -28% from Sept. peak.
Fed Gov. Miran, the central bank's most dovish rate-cut advocate, may again lower his 2026 forecast from 4 cuts to possibly 3, as Iran war energy costs have "changed the distribution of risks." Still backs April 28-29 cut on jobs. Market pricing: rates unchanged until June 2027.
Israel and Lebanon agreed to a 10-day ceasefire starting 5pm ET, Trump announced. PM Netanyahu and Lebanon's Aoun will visit the White House for talks -- "the first meaningful talks between Israel and Lebanon since 1983." "Both sides want to see PEACE, and I believe that will happen, quickly!"
AMD +7.84% to $278 (above 52-wk high of $267); INTC +4.59% to $68 (also above 52-wk high). Dell +7.29%. Semiconductor rally on TSMC's Q1 beat.
Abbott Labs -5.77% to $96, below its 52-wk low ($99) despite Q1 EPS beat; Exact Sciences dilution concerns. Netflix earnings after close.
J.B. Hunt Q1: EPS $1.49, revenue $3.1B -- beat; JBHT +8% to new ATH (~$242). Freight bellwether signals economic resilience despite war-driven energy costs.
C.H. Robinson +7.6%; Knight-Swift +6.2%; Saia +5.4%.
US and Iran weighing 2-week ceasefire extension before Tuesday's expiry; talks stalling as Iran demands Lebanon be included -- 'as important as the ceasefire in Iran.'
Hegseth: ready to resume 'at push of a button'; 13 ships turned around at Hormuz. Analysts warn of possible 'frozen war.'
Brent +3% to ~$98; S&P +0.21%.
IEA's Fatih Birol: Europe has "maybe six weeks or so" of jet fuel left as the Strait of Hormuz closure disrupts supplies.
Lufthansa permanently cutting CityLine (27 aircraft) from Saturday + reducing long-haul; KLM cutting 160 flights next month; Ryanair CEO warns 5-10% cancellations in May-July.
Ryanair -5.9%, easyJet -5.9%; WTI +2.5% to ~$93.