Trump To Sign Order To Pay TSA Agents

Three Levers China Is Pulling To Weather Gulf Energy Shock; How Long Can Beijing Hold Out? The new troubling development is that maritime chokepoint chaos spread overnight from the Strait of Hormuz to the Bab el-Mandeb Strait, where Iran-backed Houthis targeted two Saudi Arabian tankers. The attacks expose yet another maritime chokepoint and risk further physical market tightening, forcing traders to price a larger war-risk premium into Brent crude futures and pushing the benchmark above $100 a barrel Thursday morning. Oil headed to Asia generally does not flow through both chokepoints....

Saudi Aramco Headquarters In Dhahran Struck By Houthi Missile Update(1629ET): Saudi Aramco facilities are once again under Houthi attack, with reports saying the kingdom is busy trying to intercept inbound ballistic missiles. Tuesday night saw several eyewitnesses report loud booms near the headquarters of Saudi Arabia's state-owned oil company in Dhahran. However, Aramco has not immediately given confirmation of impact or that its sites are being targeted. Importantly, Reuters reports: "A source with direct knowledge ⁠of the matter told Reuters the Aramco headquarters had been struck, though it ​was unclear if...

Futures Rise Ahead Of Critical Nvidia Earnings As Oil, Bond Yields Drop US equity futures are higher led by tech as the selloff in bonds eased and traders awaited earnings from Nvidia after the close. As of 7:30am ET, S&P futures are up 0.3% while Nasdaq futs rose 0.7% showing optimism heading into the release and overlooking weakness in tech during APAC trade. In premarket trading, NVDA is up 1.8% in premarket trading, as semis see a strong bid with Mag7 names almost all higher. Cyclicals ex-Energy are rallying led by Industrials...