US equity futures bounce slightly as European and Asian stocks sell off on dampened sentiment. JPMorgan CEO Jamie Dimon backs the Federal Reserve in waiting and seeing before cutting rates as the US economy can’t rule out a stagflation scenario. OpenAI acquires former Apple designer Jony Ive’s startup for more than $6 billion. OPEC+ discuss a third output hike. Katie Magee of JPMorgan says inflation will continue to remain sticky. Amy Wu Silverman of RBC says the fixed income market is driving equities at the moment.
Chapters:
00:00:00 – Intro
00:02:11 – Urban Outfitters Jumps on 1Q Sales Beat
00:04:47 – Bond Market Warns of Swelling Deficit
00:06:13 – Katie Magee, JPMorgan Asset Management US Equity Investment Specialist
00:12:11 – Lawler: Waiting on Final Details on Tax Bill
00:15:12 – SALT Hike, Medicaid Cuts
00:19:07 – Ive, Altman’s First Product to Debut in 2026
00:20:25 – Trump: Putin Not Ready to End War
00:21:36 – OpenAI Acquisition
00:26:49 – RBC Capital Markets Amy Wu Silverman
——–
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