Trump Says "Perimeters Of A Deal Reached" With Iran To Reopen Hormuz After Call With Saudi Crown Prince

BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise... er, hell.  One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns. BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter...

Futures Flat Ahead Of Fed, Mag 7 Earnings Avalanche S&P futures are flat with Nasdaq outperforming ahead of a huge day for tech. Alphabet, Amazon, Meta and Microsoft, representing nearly 20% of S&P market cap, report after the close, with traders focused on capex. The group has a combined options implied move of more than $750 billion of market cap in either direction. As of 8:00am ET, S&P futures are unchanged; Nasdaq futures rise 0.3% amid dip buying following strong results from Seagate, after the index slipped more than 1% in...

Arab States Voice Outrage Over New 'Illegal' Embassy Opening In Jerusalem Via The Cradle Fifteen Arab and Islamic countries condemned on Sunday the decision of the breakaway region of Somaliland to open an embassy in occupied Jerusalem. The foreign ministers of Egypt, Saudi Arabia, Qatar, Jordan, Turkiye, Pakistan, Indonesia, Djibouti, Somalia, Palestine, Oman, Sudan, Yemen, Lebanon, and Mauritania denounced the move in a joint statement on Sunday. The countries condemned "in the strongest terms the illegal and unacceptable step taken by the so-called 'Somaliland' region in opening a purported 'embassy' in occupied Jerusalem," according...