CNBC
05:42 ET
Trump rejects Iran proposal; crude jumps
Strait of Hormuz blockade extends into week three. Oil bid keeps energy & defense in pole position; airlines, consumer discretionary at risk if WTI breaches $100.
REUTERS
04:18 ET
Trump–Xi summit confirmed for May 13–15 in Beijing
Agenda spans trade, rare earths, Taiwan, AI, and Iran. Headline risk in both directions — rare-earth miners and China ADRs sensitive both ways.
BLOOMBERG
03:55 ET
AI chip rally rotates from NVDA to INTC, AMD, MU
Micron logged its best 5-day stretch in 16 years (+30%). PHLX SOX index now +65% YTD — BTIG warns of a potential 25–30% mean-reversion akin to 1999.
WSJ
02:30 ET
Boston Fed's Collins joins hawks; rate-cut path narrows
PCE re-accelerated to 3.5% YoY. Multiple FOMC members now flag hike risk if inflation peaks near 4.5% this summer. Fed funds held 3.50–3.75%.
NIKKEI
02:00 ET
Kospi surges +4.32%; Japan's Nikkei slips 0.47%
Korean tech (memory + display) led after Micron read-through. Nikkei pressured by stronger yen and profit-taking off February's all-time high.
BARRON'S
01:12 ET
CBRS IPO leads $7.43B pipeline this week
Cerebras Systems prices later this week alongside Fervo Energy (5/13) and Global Medical Response (5/13). IPO window wide open — sentiment proxy.
FT
00:48 ET
Defense budget bill: Trump pushes for $1.5T by 2027
+50% from FY26 baseline. LMT, RTX, NOC, GD, LDOS indicated higher; small-cap defense (ITA, XAR) likely to outperform.