Good morning. Futures mixed with QQQs +10bps/SPY -30bps. Oil is higher after Saudi Arabia halted operations at some of its facilities in the south due to attacks from the Houthis. Yields +1-2bps across the curve. On the macro front, all eyes on PPI on Thursday and CPI on Friday.
OpenAI related names up early: Softbank +5% overnight and now up 25%+ in a few days. ORCL +5%. Neoclouds also +2-3%. Semis +1.4% as a group while Software/Internet -50bps early
Busy week: AAPL’s iPhone event is tomorrow. Citi and GS conferences start today with a great line up at both. We get OpenAI CFO Sarah Friar at GS today at 12:30am ET & Jensen at GS on Thursday among a lot of other big ones. Here are times & schedule for the key presenting companies: