MF3d/iStock via Getty Images President Trump’s national address seemed to contain little more than a reading of some of his recent social media posts. The market was eager for some sign of confirmation of its hope that had buoyed the capital markets in the last couple of sessions. It found none. The threat of escalating attacks while reiterating that the US military operation can wind down in the next two-three weeks failed to underpin sentiment ahead of what will be a long holiday weekend for many. Risk appetites have been squashed. Equities and bonds have tumbled. The US dollar has surged. The Trump administration is likely to be disappointed with the market’s reaction, and some damage control may be attempted today, but ahead of the long weekend, which begins tomorrow for many financial centers, some of which will remain closed on Monday as well, it will be difficult to rebuild the animal spirits. Fear now overwhelms hope that had held center stage for the past couple of sessions. Prices G10 • The euro stalled yesterday ahead of last week’s highs in the $1.1630-40 area. Short-term players may have cut their longs after a 1.5-cent rally in two sessions, ahead of President Trump’s address. The retreat extended to about $1.1515 today, which meets a retracement target of this week’s recovery from around $1.1445. Nearby support may be in the $1.1485-$1.1500 area. Note that options for 720 mln euros at $1.1513 and 2 bln at $1.1500 expire today. • From Monday’s high to yesterday’s low, the dollar fell about 1.35% against the Japanese yen. This breaks the one-way market that Japanese officials commented on; the dollar climbed four days in a row last week. The risk-off and jump in US yields have helped lift the greenback to almost JPY159.75 today, and once again JPY160 comes into view. Options for nearly $1.5 bln struck there expire today. Initial support is seen in the JPY159.35 area. • Sterling peaked 1/100 of a cent below last Friday’s high yesterday, according to Bloo...

EMJ Capital founderiEric Jackson joins Yahoo Finance Executive Editor Brian Sozzi, Ines Ferré, and Jared Blikre to discuss whether energy (XLE) stocks still have room to run and how they stack up against beaten-down Big Tech names.

Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave Building on our earlier " Global Demand Destruction " note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks. Plastics are core to the modern economy, and a troubling new Bloomberg report indicates that several producers of monoethylene glycol (MEG) and purified terephthalic acid (PTA) have declared force majeure , as tanker flows through the Strait of Hormuz remain heavily disrupted. For context , MEG and PTA are the two primary feedstocks used to produce polyethylene terephthalate (PET) and polyester fibers. These petrochemicals are critical to the production of everyday consumer goods that make life in the developed world convenient, including plastic bottles, food packaging, clothing, home furnishings, and a wide range of consumer and industrial goods. More specifically, MEG is used in the production of polyester yarn, polyester staple fiber, PET resin, and PET film. It also plays a critical role in antifreeze, coolants, adhesives, coatings, and enamels. In other words, MEG and PTA are foundational petrochemical building blocks for the modern economy. Any sustained disruption to these flows would be detrimental to the global economy. Which brings us to the supply alarm bells already beginning to ring, courtesy of Bloomberg: Oriental Union Chemical Corp . warned US customers it would temporarily suspend MEG shipments for early March. The suspensions would persist until conditions stabilize, the Taipei-based company wrote in a customer letter. After March 11, shipments to customers continued as normal, with monthly pricing adjusted to reflect higher crude costs: Spokesperson Daniel Yu Ethylene oxide and ethylene glycol sales are mainly for customers on long-term contracts, he added. As disrupti...

据刚果（金）方面4月2日消息，乌干达反政府武装“民主同盟军”4月1日晚袭击了刚果（金）东部伊图里省曼巴萨地区一个村庄。当地消息人士称，袭击造成至少70人死亡。据悉，袭击在当地引发恐慌，部分居民逃离家园，当地安全局势进一步紧张。伊图里省公民社会组织负责人洛萨称，这次袭击已造成至少70人死亡。（央视新闻）

近日，央视曝光“澳洲优思益”虚构海外产地、伪造品牌背景，所谓墨尔本工厂实为汽修厂，产品实为国内代工生产。 今日晚间，东方甄选发布声明称，“近日有人在公开平台传播谣言，称‘东方甄选100%卖过优思益产品’等不实信息，这一行为已侵犯我司名誉权，严重影响我司商誉。我司对此郑重辟谣：东方甄选从未在任何平台售卖过‘优思益’相关产品，也从未与该品牌开展过任何商业合作。” 东方甄选表示，“网络不是法外之地，更不是谣言发酵的温床。针对本次蓄意造谣，恶意中伤的行为，我司严正警告相关组织和个人：立刻删除所有不实信息并公开澄清，消除不良影响。我司已启动法律程序，证据链条完整清晰。任何挑战法律底线的行为，都将面临法律的严惩。” 责任编辑：李肇孚

当地时间4月2日，伊朗卡拉季市贝伊克公路桥再次遭袭。当天早些时候，伊朗方面表示，卡拉季阿齐米耶地区多处目标遭到袭击，其中一座桥梁被击中。袭击还造成多人受伤。据悉，美以当天的袭击目标是贝伊克公路桥，该桥是伊朗工程界的标杆项目，被称为全球最复杂的工程成就之一，属于德黑兰-卡拉季交通走廊的核心道路基础设施，原计划于近期正式投入运营。袭击造成桥梁主体结构受损，相关路段已全面封闭。当地政府发布紧急提醒，呼吁民众避免前往该区域。袭击还导致卡拉季部分区域电力供应中断，电力公司已派出抢修队赶赴现场全力抢修。（央视新闻）

Investing.com -- Global mergers and acquisitions (M&A) activity surged in the first quarter of 2026, but dealmaking in software companies, which have seen their valuations decline recently due to AI disruption fears, has slowed.

How much have food prices, such as rice, gone up since the Iran war started? Not as much as you might think, Bloomberg Opinion columnist Javier Blas explains. (Source: Bloomberg)

Context Therapeutics ( CNTX ) added ~11% on Thursday after the cancer drug developer said that the U.S. Food and Drug Administration (FDA) issued its Fast Track Designation to CTIM-76, the lead asset of the company. The designation covers the development work related to CTIM-76 in patients with platinum-resistant ovarian cancer who have undergone all available standard of care drugs. A Phase 1b trial for the T cell-engaging bispecific antibody for patients with CLDN6-positive advanced or metastatic ovarian, endometrial, and testicular cancers is currently underway, with its interim data expected in June. The FDA's fast-track designation permits expedited development and review of drugs targeting serious conditions with unmet medical needs. It enables developers to communicate frequently with the regulator regarding their plans for clinical studies. Subject to certain conditions, companies with fast-track designations can secure the FDA's accelerated approval and priority review, paving the way for a swifter market launch of their products . More on Context Therapeutics Seeking Alpha’s Quant Rating on Context Therapeutics Historical earnings data for Context Therapeutics Financial information for Context Therapeutics

格隆汇4月2日｜文件显示，世界贸易组织23个成员组成的工作组承诺不对电子传输征收关税。

格隆汇4月2日｜甲骨文(ORCL.N)：将在西雅图裁员475人，并发布预警通知。

jetcityimage/iStock Editorial via Getty Images Shares of American Financial Group ( AFG ) have been a poor performer over the past year, losing about 3% of their value. While AFG has a history of strong underwriting, results have been more mixed over the past year, which has pressured shares, especially given broader fears of peak profitability in the industry. Beyond this, its exposure to apartment rentals within its investment portfolio has been a headwind, though its lack of private credit exposure is an important differentiator. I last covered shares in November , rating the stock a “ H old,” and since then they have lost about 2%, in line with the market’s 3% decline. Seeking Alpha Now, the insurance sector is a large investor in private credit, which has been a headwind for performance given growing fears of a default cycle. However, this is less of a concern for AFG, which maintains a conservative fixed income portfolio. Within its $17 billion investment portfolio, 65% sits in fixed income, and 96% of that portfolio is investment grade. The portfolio is also relatively short-dated with a 2.9 year maturity and a 5.11% yield. I expect the portfolio yield to finish this year within 5bps of current levels. American Financial That said, it has some exposures to be mindful of, notably $1.2 billion of CLOs (collateralized loan obligations), which are vehicles supported by a pool of leveraged loans. However, essentially the entire portfolio is rated AAA, and the AAA tranche of a CLO has never taken a loss, not even in 2008-2009. I do not expect this to change, and I see little risk here. While there has been concern about excessive direct lending to software companies, just 1.5% of the portfolio, or $249 million, is loans to the entire technology sector, only a subset of which would be software. AFG simply does not have that much exposure to the portions of the credit market that have sparked so much fear. That is because it has historically taken its investment risk...

Is Palantir actually undervalued? This key metric says it is MSN

格隆汇4月2日｜伊朗革命卫队：第90波“真实承诺4”行动是对敌人无视昨日警告的第一次实际警告，如果暗杀行动继续，之前宣布的下一个公司将受到更严厉的惩罚，完全摧毁这些公司在该地区的责任将由美国总统亲自承担。

短暂回落后，WTI原油期货涨幅再度扩大至10%，报110.739美元/桶。

Key PointsIntel is increasing its output of server CPUs.

格隆汇4月2日｜摩根大通将DoorDash的目标价从272美元下调至244美元，维持“增持”评级。(格隆汇)

美国和以色列对伊朗发动大规模军事打击的同时，以色列对黎巴嫩的南部、东部和首都贝鲁特等地发起猛烈空袭，并在黎南部展开地面行动。据美联社报道，黎巴嫩已有超过100万流离失所者，而联合国难民署警告说，随着以色列向黎巴嫩纵深推进，流离失所者的处境将比现在看到的还要糟糕。（CCTV国际时讯）

国际货币基金组织表示，尽管美国通胀有望在2027年上半年回落至美联储2%的目标，但政策制定者今年几乎没有降息空间。根据总部位于华盛顿的IMF对美国经济的年度审查，即第四条款磋商，该机构员工预计今年年内美联储仅有一次降息。“总体来看，工作人员认为未来一年下调政策利率的空间有限。”IMF工作人员在声明中称：“更大幅度的货币宽松需要以劳动力市场前景明显恶化为前提，同时通胀压力不能上升，包括由于油价和大宗商品价格上涨导致的短期通胀预期上行。”IMF执行董事在另一份声明中表示，鉴于美联储当前政策立场接近中性，“2026年降息空间有限，特别是在能源价格上升，可能向核心通胀传导，以及全球大宗商品价格上行风险可能进一步推迟通胀回归目标的情况下。”

(RTTNews) - After moving sharply lower early in the session, stocks have shown a notable recovery over the course of the trading day on Thursday. The major averages have climbed well off their lows of the session, briefly reaching positive territory.

Key PointsEarlier this year, SpaceX merged with xAI in a $1.25 trillion deal.

财联社4月2日讯（记者 武超） 神州细胞 （688520.SH）今日宣布多项决策：一方面，将对刚到账的定增资金进行现金管理以获取理财收益；另一方面，正式启动发行H股的新融资计划。 上述决策都来自神州细胞今日召开的董事会会议审议通过的议案。根据《关于使用暂时闲置募集资金进行阶段性现金管理的公告》，公司将使用最高不超过人民币6亿元（含本数）的暂时闲置募集资金进行阶段性现金管理，用于购买安全性高、流动性好、满足保本要求的投资产品（包括但不限于结构性存款、协定存款、通知存款、定期存款、大额存单等），期限不超过12个月。 值得关注的是，这笔募集资金刚刚到账一周有余。公司于近日完成了2025年度向特定对象发行A股股票，本次定增募集资金总额为9亿元，扣除承销费及其他相关发行费用后，募集资金净额为8.92亿元，已于2026年3月25日全部到位，存放于募集资金专项账户，实际募集资金将全部用于补充流动资金。 与此同时，公司同日发布的《关于筹划发行H股股票并在香港联合交易所有限公司上市相关事项的提示性公告》显示，为打造国际化资本运作平台，提升公司资本实力和综合竞争力，深入推进国际化战略，公司计划发行境外上市股份（H股）股票并申请在香港联交所主板挂牌上市。公司将充分考虑现有股东的利益和境内外资本市场的情况，在股东会决议有效期内选择适当的时机和发行窗口完成本次发行并上市。 据董事会决议，发行H股股票所得的募集资金，将主要用于新药研发项目、营销网络建设项目和补充流动资金用途，包括但不限于：核心在研产品的临床开发、临床前生物药研究平台开发、营销网络建设及商业化推广、日常运营资金及其他一般公司用途等。 神州细胞此番密集资本运作并非无迹可寻，公司正处于战略转型期，在2025年经历了由盈转亏，短期业绩受制于政策与投入周期，长期价值依赖管线商业化落地节奏。业绩快报显示，公司全年实现营业收入15.60亿元，同比减少37.91%；归母净利润亏损5.53亿元。 公司表示，业绩下滑受多重因素影响：医保控费政策持续深化，核心产品安佳因®多次降价；公司阶段性加大商业化投入，销售费用有所增长；持续推进多管线并行研发，多个项目处于临床研究中后期，研发投入保持高位。

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — I mentioned Restaurant Brands International (QSR) on the air a couple of weeks ago when we were talking about Casey's General Store (CASY) as two consumer-oriented stocks that had great set-ups technically and good fundamental stories to back up the charts. Casey's has worked out great for us so far, starting from around $670 where I introduced it on The Halftime Report to a new record close above $737 on Wednesday (why can't they all work out this quickly?). If you took the CASY trade, then you're rolling up your stop to the purchase price and playing with house money. You can lock in the gain too if you want. Anyway, on that appearance I said we would eventually get around to writing up QSR for this column and, well, the day has arrived. Here we go. Restaurant Brands International is a food chain comprised of Popeye's Chicken, Burger King, Tim Hortons Donuts and Firehouse Subs. I'm sure Clavicular eats at one of these stores every day. Calorie counts aside, this stock has been a port of calm during the recent storm, hanging on to its year-to-date gains and making our list of the Best Stocks in the Market. This is a breakout in progress with the stock taking out overhead resistance at $75 on its way back toward the highs of two years ago in the low $80's. While everyone's watching the Brian Niccol-led Starbucks turnaround, this one may end up being the bigger success in 2026. 3G Capital is the controlling shareholder behind Restaurant Brands and for years their edge was simple: run lean, standardize everything, and let the franchise model do the heavy lifting. That playbook started to hit limits when Burger King U.S. lost relevance and franchisee returns slipped. Instead of scrapping management, 3G made a more interesting bet. Keep Joshua Kobza, the internal operator who understands the system cold, and bring in Patrick Doyle above him as Exec...

(RTTNews) - Shares of Plug Power Inc. (PLUG) are moving up about 6 percent on Thursday morning trading after the company announced that it has been awarded the Front-End Engineering Design (FEED) contract to supply a 275 MW GenEco PEM electrolyzer system for Hy2gen Canada Inc.'s

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... File these under charts to make you go “Hmmm,” or maybe “Aaaaah!” depending on your individual anxiety level. The below shows spreads (or risk premiums) on blue-chip corporate bonds versus Citigroup’s “fair value” model. According to Citi’s model, which takes into account things like volatility in currencies, equities and commodities, spreads on investment-grade credit should theoretically be trading about 38-44 basis points wider than they currently are. In other words, despite everything that’s going on in the world, investors in blue-chip debt don’t seem particularly bothered at the moment. This is, in and of itself, not enough to generate panic. After all, you can see from the above chart that actual spreads have been trading lower than Citi’s fair value model has implied for a couple years now, largely without incident. But where things get more interesting, or more worrying depending on your point of view, is when you look at how investors are actually differentiating between different credits and broader market themes. To do this, Citi has created two measures of “dispersion” — one which looks at systemic dispersion (where a dominant market story is driving pricing action, and so higher-beta names are moving more than lower-beta names) and idiosyncratic risk (where investors are actively distinguishing between different companies). On that measure, things look a lot more concerning. Both systemic and idiosyncratic disp...

Source: Bloomberg, 0:00

Source: Bloomberg, 0:00

Earnings Call Insights: Bassett Furniture Industries (BSET) Q1 fiscal 2026 Management View CEO Robert Spilman said the quarter began with momentum but demand softened quickly: “After a solid start to the first 7 weeks of fiscal 2026, the pace of business slowed abruptly in mid-January.” He tied the shift to “ongoing weak residential housing activity” and weather disruptions that “interrupted both wholesale and retail sales as well as product distribution flow due to warehouse closures.” CEO Spilman highlighted marketing changes as a partial offset: “We benefited from changes to our marketing strategy this year, which expanded our President's Day promotional event to 3 weeks,” adding that “we had a double-digit increase in written orders for the back half of February” that “will be delivered in the second quarter.” CEO Spilman framed margin pressure as temporary and tariff-related: “We had margin pressure on our retail business from our decision to eat the tariff impact until midway through the quarter,” and said “with the tariff costs now included in the retail pricing, we expect to see improved retail margins going forward.” CEO Spilman said cost actions are being implemented alongside growth investments: “We have several initiatives in the works that are projected to save between $1.5 million and $2 million annually starting late in the second quarter.” CFO John Daniel reported Q1 consolidated revenue of $80.3 million (down 2.2%), gross margin of 56.2%, operating income of $1.2 million, and diluted EPS of $0.13. He also said liquidity “remains solid with $51 million of cash in short-term investments.” CEO Spilman outlined five growth initiatives centered on comp store growth, new corporate/licensed stores, e-commerce/omnichannel, wholesale expansion via Bassett Design Centers and Custom Studios, and building the interior design plus hospitality/commercial channels; he added, “The launch of the Bassett Hospitality division is underway.” Outlook Management did not p...

Earnings Call Insights: AirSculpt Technologies (AIRS) Q4 2025 Management View CEO Yogesh Jashnani said 2025 was “a year of rebuilding and transformation,” citing added talent, new processes, a new go-to-market strategy, and “strategically exited our only clinic outside of North America to streamline operations,” while also “issuing equity and utilizing our ATM to meaningfully reduce our net debt.” CEO Yogesh Jashnani tied recent demand improvement to operational changes, saying the company “returned the business to stabilization and beginning in February inflected to positive same-store sales growth,” adding that “we expect Q1 same-store sales to be flat.” CEO Yogesh Jashnani emphasized GLP-1-related demand as a growth vector, saying GLP-1s are driving demand for “skin tightening, contour restoration and overall reshaping after weight loss,” and that skin tightening and fat removal represent “a $100 million-plus sales opportunity long term.” CEO Yogesh Jashnani highlighted early scaling of skin removal, stating, “Just in Q4 2025, we have completed more than 100 skin removal surgeries, and we expect this to ramp in 2026 as we expand this capability across all locations.” CEO Yogesh Jashnani described marketing changes that began in Q4, including “connected TV,” increased influencer engagement, and website conversion improvements, and said improved financing options are being used “while maintaining our policy of full upfront payment.” Quote (Chief Financial Officer Michael Arthur) “During the close process, we identified a reconciliation matter related to intercompany transactions, which led us to conduct a broader review of certain accounting treatments, including lease accounting under ASC 842.” Outlook Management guided fiscal 2026 revenue to $151 million to $157 million and fiscal 2026 adjusted EBITDA to $15 million to $17 million. CFO Michael Arthur described pacing and comparability factors, saying “we expect the business to build momentum as the year progresse...