A memorandum of understanding may not be as understood by President Trump as expected. Tom White talks about the words from the administration signaling a possible reignition of conflict. The Fed&#x27;s interest rate decision Wednesday is another macro mover that will be divisive, as new Fed Chair Kevin Warsh has to set the table for FOMC expectations moving forward. In equities, SpaceX (SPCX) continues to dominate headlines as post-IPO optimism blasts off. Tom also talks about Intel&#x27;s (INTC) rally. ======== Schwab Network ======== Empowering every investor and trader, every market day. Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Fed's Interest Rate Decision Today, SPCX Blasts Off & INTC 18A-P Ignites Rally

Schwab Network

Let's bring in Tom White, co-host of Fast Market to help set up the action today. All right, Tom, we keep getting headlines on the latest between the U.S. and Iran. You have President Trump now speaking out. It's not rattling markets too much. What's your take? Yeah, I think you're probably going to have this until Friday when we get that potential signing of this MOU.

And that's, I think, the concern right now because there was reports out of Bloomberg that they gave the 14 points of this memorandum of understanding. And then TASM, you know, out of Iran basically came out and said, hey, that stuff's not accurate at this point. So, you know, this continuation of he said, she said, what the media in Iran reports versus what we know here.

So, there's probably some semblance to what Bloomberg reported as the 14 points that are in there at some point. But then President Trump this morning giving comments at the G7 basically came out and said, hey, if I don't like what's in this memorandum of understanding and I don't agree with it, I'm going to just start dropping bombs on Iran again. So, that put a little bit of a bid into crude oil earlier today. Crude hit near $74 a barrel.

That was the lowest level since March 3rd. So, three-month lows. But now starting to catch a bid. That put a little bit of restrictions on the equity market move, which had been pushing to the upside, led by a little bit of a rebound here in the NASDAQ. But, you know, the Dow just off of those all-time highs that we set just yesterday. So, there's still a lot of optimism that this deal gets done.

Fed's Interest Rate Decision Today, SPCX Blasts Off & INTC 18A-P Ignites Rally

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Fed's Interest Rate Decision Today, SPCX Blasts Off & INTC 18A-P Ignites Rally

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.