Every atomic assertion extracted from the underlying record, ranked by evidence strength.
The U.S. president dismissed Iran's latest proposal as "a piece of garbage."
AI companies now comprise over 40% of the value of the S&P 500.
It is not unusual for conflicts like this to take months or years to reach a ceasefire agreement.
US headline CPI is expected to rise from 3.3% to 3.7%.
UK gilt yields are pushing higher, more due to local politics than the Iran conflict.
Oil prices are rising 3% or so.
WTI and Brent crude oil prices have risen.
Brent crude oil is over $104 a barrel now.
10-year Treasuries are up five basis points to 4.4%.
Bond yields are up seven basis points in Canada.
10-year gilt yields in the UK are up nine basis points.
Aussie 10-years stayed at 4.99% yesterday.
Aussie 10-year futures are up five basis points this morning.
There is not much movement in currencies except the yen.
The Aussie dollar is still just above 72.5 US cents.
Donald Trump said Iran's proposal was not acceptable and was a "piece of garbage."
Since Trump's statement, oil has shot up and bond yields are higher.
The energy market is reacting significantly.
The bond market is expressing a bit of volatility.
The equity market keeps checking along as if there's nothing to worry about.
The movement in the equity market overall has been pretty subdued.
Volatility has come from high oil prices, reflected in higher core global yields.
President Trump is still talking about the idea that the ceasefire is on a massive life support.
The market is in a "wait-and-see mode" because Trump is not suggesting an escalation or restarting an attack on Iran.
Oil prices are higher but within normal volatility, not "completely freaking out."
The market hopes negotiations could go on for months, with gradual opening of the Strait of Hormuz as part of the negotiation.
Currently, there is no progress in negotiations and no escalation in attacks between the parties.
President Trump has been meeting with his national security team to discuss next steps, according to Axios.
More military action was likely, according to two officials quoted by Axios.
Trump's mind is focused more on China this week.
A Washington Post report on Friday cited a confidential CIA analysis.
The CIA analysis stated Iran could survive the US naval blockade for at least three to four months before severe economic hardship.
OPEC released crude oil production numbers overnight.
UAE's oil production fell from 3.4 million barrels a day to 2 million barrels a day up to March.
Iran's oil production has fallen from 3.2 million barrels a day down to 3.1 million barrels a day.
Iran has "staying power" in this battle, perhaps more than most.
The conflict could go on for a long time.
There is significant economic squeeze on Iran, though not to zero.
Iran, as a non-democracy, can inflict a lot of pain on its citizens, allowing it to sustain economic hardship.
Iran's ability to sustain pain or economic hardship is probably underestimated.
Iran can keep going and keep shutting the Strait of Hormuz.
The IT sector was up over 1% in US equities.
The energy sector was up 2.5% in US equities.
Much of the rest of US equities are down, with consumer staples 1% lower.
AI and energy are "in charge" of US equity movements.
This concentration in AI companies is very high and a concern.
European equities are down quite a bit today.
The big picture is that equities are traveling with a more optimistic approach to what the ground conflict means to the economy.
The bond market and energy market are more sensitive to the conflict.
Inflation in China was 1.2% year-on-year for April.
China's CPI was up to 1.3% a couple of months ago, then headed down, and now ticked back up.
China's Producer Price Index (PPI) is up 2.8%.
China's PPI was a negative number for the longest time.
The biggest factor for China's PPI rise has been the impact from the war and increased prices for energy and materials.
China's PPI rise is not demand-driven inflation.
Domestic demand is still very weak in China.
Chinese consumers are concerned about job security and increasing wages.
A depressed housing market is not helping Chinese consumer confidence.
China's export side of the economy is still booming but faces supply challenges.
China's economic imbalance is still very much present with little improvement.