WS #13028
No material new developments in the last 30 minutes. The dominant US-Iran escalation narrative remains unchanged, with no counter-signals or de-escalation reported. Markets continue to price in the oil spike and equity selloff from prior hours.
Topics
Key developments
- Iran launches ballistic missiles at US forces in Jordan; Trump vows 'very hard' retaliation
- Drone strike hits US-owned LNG tanker at Egypt's Damietta port, first Egyptian soil attack
- Fed holds rates steady with 9-3 vote; three dissenters favor hike; 30yr yield hits 5.14%
- Microsoft beats Q4 estimates: Azure +43%, Copilot >30M users, EPS $4.81 vs $4.24 est.
- Meta reports 91% FCF drop to $784M, raises capex to $130B-$145B; stock falls 10% after hours