Pentagon Hails Two US Merchant Ships Safely Exiting Strait, As Iran Vows Attack On US Navy Entering Hormuz

Futures Fade Overnight Gains As Attention Turns To Kevin Warsh's First Fed Decision US futures are attempting to bounce back from yesterday’s losses on Wall Street led by Tech. As of 8:00am ET, Nasdaq 100 futures lead the charge, with gains of 0.5% versus 0.1% for the S&P 500 future, although both are off session highs. SpaceX’s post-IPO surge continues, with shares adding another 3% in the pre-market while Mag 7 are mixed: NVDA is up 0.4%, while GOOGL is down 0.5%. The Stoxx 600 is up 0.2%, while the MSCI APAC Index gained...

Iran Reveals Draft Of Trump-Touted MoU To Be Signed Sunday: $25BN Asset Unfreeze, Enriched Uranium Dilution On The Table Iran Weighs In on Anticipated MoU Signing Details, Potential Unresolved Issues Bloomberg and Reuters are reporting Sunday some fresh details on Iran's version of what the MoU to be signed - which President Trump says will happen today (albeit remotely) will inlcude. "A draft of the US-Iran memorandum of understanding included diluting highly enriched uranium within Iran and the release of $25b of Iran’s frozen assets, Reuters reports citing a senior Iran official...

Comcast Shares Jump Most Since 2008 On Plans To Separate Units Comcast shares jumped the most in nearly two decades on news that it plans to split NBCUniversal and Sky into a separate publicly traded company through a tax-free spin-off. The transaction, expected to close in about one year, would leave Comcast shareholders owning stakes in both. Comcast would remain centered around broadband, wireless, business services, and entertainment platforms, backed by a network that reaches more than 65 million homes and businesses. NBCUniversal, which will also include Sky, will house Universal’s film...