Vance Touts Increased Ties Between Iran, GCC States

Futures Flat Ahead Of Key PCE Report, Nvidia Earnings Stock futures are are flat and Treasuries slipped while oil stumbled heading into today's PCE report and NVDA earnings. As of 8:00am ET, S&P Futures are unchanged and Nasdaq futures drop 0.2% as NVDA and MRVL both rise 0.2% with Semis flat, Memory down 80bp, Korea down 46bp, Software down 1.3%, but Unprofitable Tech +83bp which point to continued de-risking into NVDA / MRVL where expectations are positive, but a stronger print may mean more for the ecosystem than for the individual...

Federal Agents Seize 500 Pounds Of Cocaine From Oil Tanker U.S. authorities say they stopped a major cocaine shipment allegedly tied to a Mexican cartel after an oil tanker traveling from Ecuador was intercepted near Southern California, according to KTLA5.  Roughly 227 kilograms — about 500 pounds — of cocaine were discovered aboard the Aquatravesia, a Liberian-flagged tanker owned by a Greek company, according to federal prosecutors. Investigators believe the drugs were meant to be transferred to cartel operatives waiting off the Mexican coast. KTLA writes that the vessel had sailed from...