DaveAlan Delta Air Lines ( DAL ) leads off a high-profile earnings season for the airline sector on Wednesday. On top of large-scale weather events in January and February, the recent spike in jet fuel prices will have investors watching Delta's guidance update closely. Heading into Delta's ( DAL ) report, Morgan Stanley lowered numbers across the board. The firms expect FY26 guidance to either be...
DaveAlan Delta Air Lines ( DAL ) leads off a high-profile earnings season for the airline sector on Wednesday. On top of large-scale weather events in January and February, the recent spike in jet fuel prices will have investors watching Delta's guidance update closely. Heading into Delta's ( DAL ) report, Morgan Stanley lowered numbers across the board. The firms expect FY26 guidance to either be pulled entirely across the sector or, more likely, be updated to wide ranges based on fuel assumptions. The airline sector is coming off Q4 earnings prints that were characterized by strong demand trends that continued into the mid-quarter updates in March. Analyst Ravi Shanker noted that while demand resilience over the summer will be key, it seems relatively inevitable that capacity will be drawn down during trough periods, particularly in Q3. In terms of jet fuel costs, while the near-term trajectory remains uncertain, pricing assumptions and updates on fuel availability are expected to be key. As for Delta ( DAL ), the company's early print frequently sets the stage for the rest of the sector, but Jefferies sees that as even more true this quarter. Investors will focus on whether Delta ( DAL ) can sustain its recent streak of earnings beats while managing higher fuel and labor costs. For Q1, Delta ( DAL ) is expected to report revenue of $14.94B and EPS of $0.58. On the earnings call, Delta ( DAL ) may highlight the company's advantage in managing fuel costs because of its ownership of the Trainer refinery. In terms of guidance, Delta ( DAL ) m anagement has previously guided to 5% to 7% revenue growth for the year and earnings expansion of roughly 20%, so any change in outlook for summer bookings, corporate travel, or free cash flow will be critical for the stock. Options trading implies a 7% share price swing for Delta ( DAL ) after the Q1 earnings report is released. Airline stocks: American Airlines ( AAL ), Southwest Airlines ( LUV ), United Airlines ( UAL ), JetB...
Bill Phillips was an outsider to economics, but he used a machine and a chart to change the way we think about the government's role in a capitalist economy. (Image credit: Julian Frost for Planet Money: A Guide To The Economic Forces That Shape Your Life )
Bill Phillips was an outsider to economics, but he used a machine and a chart to change the way we think about the government's role in a capitalist economy. (Image credit: Julian Frost for Planet Money: A Guide To The Economic Forces That Shape Your Life )
Morsa Images/DigitalVision via Getty Images According to the U.S. Bureau of Labor Statistics' latest jobs data , the number of employed Americans fell by a seasonally-adjusted 64,000 since February , dropping to 162,848,000 in March 2026. Normally, that situation wouldn't bode well for U.S. teens, but the same employment situation report indicates the number of Age 16 to 19-year-olds counted as ha...
Morsa Images/DigitalVision via Getty Images According to the U.S. Bureau of Labor Statistics' latest jobs data , the number of employed Americans fell by a seasonally-adjusted 64,000 since February , dropping to 162,848,000 in March 2026. Normally, that situation wouldn't bode well for U.S. teens, but the same employment situation report indicates the number of Age 16 to 19-year-olds counted as having jobs rose by 68,000 from February to March. Both younger teens (Age 16-17) and older teens (Age 18-19) saw gains. The number of younger teens increased by 37,000 to a seasonally-adjusted 2,000,000 and the number of working older teens grew by 41,000 to 3,459,000. The following pair of charts presents the seasonally-adjusted data for both the number of teens employed in each of these age categories and also the U.S. teen employment-to-population ratio for the period from January 2021 through March 2026. Since the total number of seasonally-adjusted jobs fell while the number of working teens increased, that means the number of Americans Age 20 or older had to fall. Which it did, dropping 132,000 to a seasonally-adjusted 157,423,000 in March 2026. Note that for this jobs data, each demographic gets its own seasonal adjustment, which means this data won't necessarily add up to the seasonally adjusted total for the combined population. If you want numbers that do add up, you'll want to extract the non-seasonally adjusted data from the BLS' labor force statistics database. Overall, the March 2026 employment situation data is a little strange. Perhaps its strangeness is attributable to run-of-the-mill sampling variation, but we'll know if there's something more behind it over the next few months. References U.S. Bureau of Labor Statistics. Labor Force Statistics (Current Population Survey - CPS). [ Online Database ]. Accessed: 2 April 2026. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
Sovereign balance sheets should come under renewed pressure as the war-induced oil shock forces EM governments to take extraordinary measures aimed at actively defending their domestic economies. Fabio Natalucci, CEO of the Andersen Institute for Finance & Economics, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed income strategist, to assess the risks facing EM creditors as the war...
Sovereign balance sheets should come under renewed pressure as the war-induced oil shock forces EM governments to take extraordinary measures aimed at actively defending their domestic economies. Fabio Natalucci, CEO of the Andersen Institute for Finance & Economics, joins Damian Sassower, Bloomberg Intelligence’s chief EM fixed income strategist, to assess the risks facing EM creditors as the war in Iran endures. Natalucci and Sassower differentiate between level and trend when discussing t
Germany's Debt Spiral: Bundesbank Chief Breaks Silence Submitted by Thomas Kolbe It’s not every day that top officials of the German Bundesbank take an explicit stance on daily politics. Nagel’s stark warnings about Germany’s debt and the government’s creative accounting were surely met with grim recognition in Berlin’s corridors of power. Open criticism is rare there, and when it comes from credi...
Germany's Debt Spiral: Bundesbank Chief Breaks Silence Submitted by Thomas Kolbe It’s not every day that top officials of the German Bundesbank take an explicit stance on daily politics. Nagel’s stark warnings about Germany’s debt and the government’s creative accounting were surely met with grim recognition in Berlin’s corridors of power. Open criticism is rare there, and when it comes from credible insiders, it stings even more. Bundesbank President Joachim Nagel Chancellor Friedrich Merz and his Finance Minister Lars Klingbeil apparently still believe the fairy tale that debt-fueled demand policy can create economic miracles, generate growth, and deliver real prosperity. The result: a staggering debt binge that threatens to finish Germany economically. Of course, this is a Keynesian nursery tale, endlessly repeated by politicians. With this simplified version of economics, political power is cemented – while the anonymous masses of taxpayers are left to clean up the debt disaster. The government assumes the taxpayer backstop—and has surrounded itself with a state-friendly media sector, like a protective membrane. This behavior is conditioned. The truth about mounting state debt, its destructive impact on private business, inflation, and the erosion of middle-class purchasing power is rarely discussed, and only in the media’s backrooms. When criticism reaches the public eye, its proponents are aggressively attacked and their valid arguments systematically sterilized. Since January 2022, Joachim Nagel has led the Bundesbank. Recently, he warned for the first time about the unchecked growth of public debt—breaking Berlin’s long-standing elite vow of silence. Last year, he said, national debt rose by €144 billion to €2.84 trillion, pushing the debt-to-GDP ratio to 63.5 percent. Some may recall the Maastricht limit, which capped debt at 60 percent. Those times are long gone, and the official debt numbers are, of course, grossly misleading. For years—especially since t...
Piper Sandler chief investment strategist Michael Kantrowitz joins Market Catalysts host Julie Hyman to discuss which stocks Wall Street is flocking to amid the Iran war, and how the bull market could return post-conflict.
Piper Sandler chief investment strategist Michael Kantrowitz joins Market Catalysts host Julie Hyman to discuss which stocks Wall Street is flocking to amid the Iran war, and how the bull market could return post-conflict.
Boeing (NYSE: BA) first delivered the 737 MAX in 2017, and it's fair to say the narrow-body plane hasn't produced the financial performance that management had hoped to see. Part of the problem is self-inflicted due to safety and quality issues on its commercial airplanes and poor execution in defense, and others are beyond Boeing's control (the COVID-19 lockdowns). However, weak earnings and cash...
Boeing (NYSE: BA) first delivered the 737 MAX in 2017, and it's fair to say the narrow-body plane hasn't produced the financial performance that management had hoped to see. Part of the problem is self-inflicted due to safety and quality issues on its commercial airplanes and poor execution in defense, and others are beyond Boeing's control (the COVID-19 lockdowns). However, weak earnings and cash flow from the 737 MAX are putting Boeing's major strategic mission at risk. CEO Kelly Ortberg's mission couldn't be any clearer. On his first earnings call as CEO in October 2024, he outlined, "At the right time in the future, we need to develop a new airplane, but we have a lot of work to do before then." In all probability, he was talking about a new narrow-body airplane to replace the 737 MAX. Continue reading
Poland is the latest emerging-market sovereign to return to international bond markets since the start of war in Iran, offering a three-tranche, dollar-denominated debt issue. The government is selling 5-, 10- and 30-year benchmark bonds, with the initial talk for the shortest maturity in the 95 basis points area over US Treasuries and the longest tenor being marketed at around 160 basis points, a...
Poland is the latest emerging-market sovereign to return to international bond markets since the start of war in Iran, offering a three-tranche, dollar-denominated debt issue. The government is selling 5-, 10- and 30-year benchmark bonds, with the initial talk for the shortest maturity in the 95 basis points area over US Treasuries and the longest tenor being marketed at around 160 basis points, according to a person familiar with the matter who asked not to be identified. Poland is dipping back into foreign-debt markets after the outbreak of war in the Middle East in late February halted a rally in EM assets and stoked global volatility. The country’s finance ministry confirmed it has mandated Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Societe Generale SA as bookrunners. The deal depends on how market conditions pan out, the ministry said. The move follows Poland’s sale of €3.25 billion ($3.76 billion) in euro-dominated bonds in January and ¥211.6 billion ($1.3 billion) in Samurais in February, as the country plans to issue the equivalent of €10 billion to €12 billion in foreign bonds this year. The sovereign’s last dollar-denominated bond issue took place in February 2025, when it sold $5.5 billion in five- and 10-year notes. The yield on the existing notes due in 2035 stands at 5.11%, up from 4.72% just before the outbreak of war but below last month’s peak of 5.23%. Poland, which has negative outlooks on its investment-grade credit scores from the three leading rating companies, has recently cut taxes on fuels to prevent the spike in oil prices reviving domestic inflation pressures. It also reduced the supply of local-currency bonds at auctions last month.
Tesla (TSLA) stock revved higher in pre-market trading today after safety regulators closed an investigation into its Actually Smart Summon vehicle feature. No Action Needed The U.S. National Highway Traffic Safety Administration (NHTSA) said today that it had closed its over-a-year-long investigation into the EV giant’s feature that allows users to remotely move vehicles over short distances in p...
Tesla (TSLA) stock revved higher in pre-market trading today after safety regulators closed an investigation into its Actually Smart Summon vehicle feature. No Action Needed The U.S. National Highway Traffic Safety Administration (NHTSA) said today that it had closed its over-a-year-long investigation into the EV giant’s feature that allows users to remotely move vehicles over short distances in parking areas using a smartphone app while maintaining continuous supervision. The agency concluded