STOCKS/ENERGY
-Stock futures are higher as investors seem less worried about the effects of the continuing Iran-Israel war. The fact that other nations have not joined in the active fighting is likely the most bullish factor this morning.
-The yield on the 10-year Treasury bond is at 4.42 percent.
-Gold is at the $3,436 per ounce level. Bitcoin is at the $106,600 level.
-Asian markets closed higher today, led by a 1.3 percent rally for the Nikkei. The Hang Seng rose 0.7 percent, and the Shenzhen gained 0.4 percent.
OIL/ENERGY
-U.S. crude prices are down and at the $72 a barrel level after surging higher on Friday.
-Gasoline prices are up to $3.14 a gallon, national average.
MERGER MONDAY
-President Trump has officially approved the Nippon Steel-U.S. Steel (X) merger with a special executive order. U.S. Steel shares are up 5 percent in the premarket.
AIR UPDATE
-Boeing (BA) shares are flat as the investigation into the deadly Air India 787 Dreamliner crash continues. But investors seem to be leaning into the idea that the key to the crash was not a major structural issue linked to Boeing. Boeing shares remain more than 60 percent higher than where they were in early April.
-Southwest Airlines (LUV) is reportedly adding a new cockpit safety alert system focusing on runway issues. Southwest shares are up 1 percent in the premarket.
UNDERWEAR WARS
-Activist investor Barrington Capital Group says it's built a better than 1 percent stake in Victoria's Secret (VSCO) as it pushes for seats on the company board. Victoria's Secret shares are up 7 percent in the premarket.
TRUMP MOBILE
-The Trump Organization has just announced a new mobile phone service and a smartphone that will retail at $499.
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