WS #6336
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: risk-on driven by Apple's post-earnings surge and falling oil prices on Iran ceasefire hopes, with no counter-signals or new data points to report.
Key developments
- Iran delivers new peace proposal via Pakistan, oil drops 4%+
- Spirit Airlines prepares to shut down as rescue deal falls apart
- Apple Q2 revenue $111.2B (+17% YoY), $100B buyback, stock surges
- Alphabet Q1 earnings beat: Cloud revenue up 63%, EPS $5.11
- Senate again rejects Iran War Powers measure (47-50)
- US issues new Iran-related sanctions
- Apple plans to reinvest tariff refunds in US manufacturing
- Chevron Q1 earnings beat on upstream strength, but downstream loss