Good morning.
The Fast Five → Wall Street braces for Fed's next move, UAE quits OPEC in a blow to the oil cartel, US pump prices near 4-year high, Dimon warns of 'some kind of bond crisis' ahead, and Elon gets his day in trial against OpenAI…
📌 What Wall Street Isn't Telling You Right Now The financial media is focused on the Middle East but they're missing the real threat to your 401(k). The ensuing inflation shock is about to detonate America's $38 trillion debt bubble. Now, a proprietary algorithm running 1.2 billion calculations daily has triggered an urgent warning. It has identified the exact 10 stocks that will crash — and 3 hidden companies set for massive wins »
(from Weiss Ratings)
Calendar: Full Calendar »
Today:
Federal Funds Rate, 2:00P
FOMC Statement, 2:00P
FOMC Press Conference, 2:30P
Tomorrow:
Advance GDP q/q, 8:30A
PCE Price Index m/m, 8:30A
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, Apr 29:
BEFORE THE OPEN
As of market close 4/28/2026.
Pre-Market:
Market Wrap:
Futures slightly higher Dow +65, S&P +0.1%, Nasdaq +0.2%
Tuesday slipped S&P -0.49%, Nasdaq -0.9%, Dow -26
Tech led losses on OpenAI growth concerns
Oracle -4%, Broadcom -4%, Nvidia lower
Today: Big Tech earnings: Alphabet, Amazon, Meta, Microsoft
Today: Fed decision; likely no rate change
EARNINGS
Here’s what we’re watching this week:
Today: Amazon $AMZN ( ▼ 0.54% ), Chipotle $CMG ( ▼ 2.29% ), eBay $EBAY ( ▲ 0.07% ), *Etsy $ETSY ( ▼ 2.92% ), Ford $F ( ▼ 0.72% ), Meta $META ( ▼ 1.07% ), Microsoft $MSFT ( ▲ 1.04% ), *Yum! Brands $YUM ( ▲ 0.83% )
Alphabet $GOOG ( ▼ 0.29% ) - EPS of $2.63 (-6.4% YoY) on $106.91B revenue (18.5% YoY)
Apple $AAPL ( ▲ 1.16% ) - EPS of $1.65 (+18.2% YoY) on $109.69B revenue (+15.0% YoY)
THU: *Eli Lilly $LLY ( ▲ 0.66% ), Roku ROKU, *Wayfair $W ( ▼ 2.88% )
FRI: *Chevron $CVX ( ▲ 1.94% ), *Estee Lauder $EL ( ▼ 0.29% ), *Exxon $XOM ( ▲ 1.6% )
Middle East Conflict Lights Fuse on US Debt Bomb
America was already drowning in $38 trillion of debt, but the recent conflict in the Middle East just accelerated the timeline.
As oil spikes, a 100-year-old stock market signal that accurately predicted the 2008 and 2020 crashes is flashing a massive "Sell" on dozens of popular U.S. equities.
If you hold the wrong stocks when this debt crisis hits, it could wipe out years of gains.
- a sponsored message from Weiss Ratings -
HEADLINES
The central bank is due to issue its next monetary policy decision today.
United Arab Emirates Quits OPEC in a Blow to the Oil Cartel
The UAE will leave OPEC next month, in a significant blow to the group that raises questions about its future at a time when the industry is grappling with the massive supply disruption caused by the Iran war.
Nasdaq, S&P end lower on renewed AI worries ahead of Big Tech earnings (more)
Iran may have oil options to drag things out (more)
Trump’s art of the deal collides with Iran’s patient diplomacy (more)
Dimon warns of 'some kind of bond crisis' as global debt risks build (more)
US pump prices near 4-year high on Iran war disruption (more)
Gold falls as Middle East tensions keep oil soaring, Fed meeting in focus (more)
Elon gets his day in trial against OpenAI (more)
Traders bet Nvidia’s stock will return to record highs soon (more)
Most prediction market traders are losing money while bots rack up gains (more)
OpenAI reportedly misses its own user and sales goals (more)
Oracle, CoreWeave back OpenAI after reports of trouble at company (more)
Starbucks’ US rebound shows turnaround plans are resonating (more)
Mamdani pushes to shrink NY hedge-fund, private-equity tax break (more)
We’re in the ‘call me, maybe’ era of M&A (more)
DEALFLOW
M+A | Investments
Bertelsmann to buy Concord, creating $14B music giant
Synctera acquires Cable
MagicCube receives investment from e& capital
Wiliot receives $75M investment from Avery Dennison
VC
True Anomaly, a defense technology company, raised $650M in Series D funding
OpenLight, a company specializing in custom photonic PASIC design, raised $50M in Series A funding
Actively, a company developing a go-to-market platform, raised $45M in Series B funding
Golden Child, a dog food brand, raised $37M in funding
Lighthouse Pharmaceuticals, a biopharma company developing therapies for neurodegenerative and inflammatory diseases, raised $12M in Series A funding
Windmill, a performance reviews solution, raised $12M in funding
Clarasight, an AI platform for enterprise travel and expense, raised $11.5M in Series A funding
IC Realtime, a provider of professional-grade surveillance and security tech solutions, raised $2M in Series A funding
CRYPTO
BULLISH BITES
📖 How Cyber Command is building its AI cyber war playbook.
🤖 Google workers petition CEO to refuse classified AI work with Pentagon.
😳 Palantir employees are talking about company’s “descent into fascism”.
🤘🏼 The cult music documentary ‘Heavy Metal Parking Lot’ turns middle-age.
DAILY SHARES
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