US Military Surveillance Flights Surging Off Cuba

US Strikes Iran Energy Assets, Tehran Vows Retaliation; Iran Intel Chief Killed, Trump Muses On 'Finishing Off Terror State' Summary Israel says Iran's intelligence chief Esmail Khatib was eliminated overnight as pace of top leadership killings accelerates. Iran says upstream oil and gas assets are under attack for first time since war began, readies retaliatory action against oil/gas assets in Gulf area, including Qatar, Saudi Arabia, & UAE Iraq reroutes some flows through Ceyhan Pipeline to Turkey Iran reiterates new rules in place for Hormuz transit as traffic remains de-minimus, sparking reports that "the...

Futures Flat Ahead Of CPI, Ceasefire Negotiations US equity futures are flat, recovering from an earlier drop, and set to extend a seven-day rally, the longest since October, as investors looked to talks between the US and Iran for signs a fragile truce can hold while bracing for a big jump in today's CPI report (full preview here). As of 8:00am ET, S&P futures were up 0.1%,on track for their biggest weekly advance in almost a year. Nasdaq futures rose 0.2%, its winning streak is the longest since September,  led once...

Jobless Claims & JOLTs Confirm 'Higher Hire, No Fire' Economy With JOLTs data showing record hiring (and ADP signaling acceleration in job additions), today we get some signal on firings as the number of Americans filing for unemployment benefits for the first time was at 200k last week (below the 205k exp) and continuing to languish near multi-decade lows (near 1967 lows!!)... Source: Bloomberg Non-seasonally adjusted across all the states saw a 299k drop in claims led by Rhode Island and Arizona (California and Michigan saw the biggest increases)... Continuing jobless claims also...