Evening Update: Futures Soar Pointing To Relief Rally As US Pauses Attack Plans, Delta Airlines Earnings On Deck 4/7/26

0:00I'm Jessica Edinger, CNBC. Wall Street could be poised for a relief rally on Wednesday when the market opens. Pakistan asking the US and Iran to continue talking to try to find a solution for peace. The president said the US is far along with a definitive agreement concerning long-term peace with Iran. You know, you could call a taco. It's, you know, if that seems to be moving the chest pieces forward, you're going to get a relief rally. Wharton Professor Jeremy Siegel on CNBC. In trading on Tuesday, though, markets were mixed. The investors have been on edge. The Dow fell 85 points on Tuesday led lower by shares of Walmart. They were down 3.5 percent. The S&P 500 index finished the day in the green. Up five points, the NASDAQ up 21 points. Wednesday trading will likely be headline-driven as well. Financial advisors say average people should just sit still with their investments and play the

1:01long game. If you're trying to trade these headlines, I mean, good luck to you, right? So staying the course isn't a pletitude here. It's, it's really mission-critical. You don't want to be on the wrong side of it. Bonafide Welts, Doug Bonaparte on CNBC. Apple shares had their worst day in months on Tuesday on reports it's having foldable iPhone delays. US crude oil hit $116 a barrel Tuesday before pulling back. Triple A says gas prices went up again Tuesday, $4 and 14 cents for a gallon of regular on average nationwide. There are some jet fuel supply concerns now. And airlines have been cutting flights. Delta Airlines is the latest to raise its bag fees to try to recoup some of the cost of that jet fuel. CNBCs fill a bow. People look at Delta and they say, look, they are the most profitable of all the airlines. They historically have done the best job in terms of managing spikes in jet fuel like this. The company reports it's Q1 results on Wednesday. Meantime jet fuel prices are now double because of the US war with Iran. Again,

2:05capital's John Kildef says. Delta Airlines owns a refinery and he wants to hear about that. But Delta, keep in mind, I'll be interested to see how their refinery profitability goes with all this because the crack spreads through the roof. So they purposely bought that years ago to be able to be in a position to offset the kind of crisis they're dealing with right now. So we'll have to see how good that works. This vertical integration of theirs. Delta Airlines CEO Ed Bastion will be on CNBC television Wednesday morning when the company reports quarterly results. Used car prices popped to their highest in nearly three years. Cox Automotive's manheim used vehicle value index tracks prices of used vehicles that are sold at wholesale auctions. And that data show prices popped more than 6% last month over the same month last year. Microsoft co-founder Bill Gates will be interviewed about his ties to Jeffrey Epstein by the House Oversight Committee in June. Commerce Secretary Howard Lutnik will appear May 6th. On Wednesday's watch list, we do get those earnings from Delta Airlines.

3:08The Fed releases the minutes from its last meeting. Investors will come through those for hints on the direction of interest rates. The Energy Information Administration will release its annual energy outlook. We find out how many people applied for mortgages last week and it's one week till tax deadline day. Jessica Eringer CNBC. April 15th, financial experts, investors, and policymakers gather in DC for conversations on America's economy. CNBC's invest in America forum. Request an invite at CNBC events.com slash invest. What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice. Think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just got to think big to accomplish big things. Julia Bourston hosts CNBC Changemakers and Powerplayers. New episodes every Tuesday, wherever you get

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