About this episode
Micron, one of the world's leading memory stocks, reports earnings roughly $5 billion above expectations and outlines $22 billion in customer commitments, reigniting the chip stock rally worldwide. Meanwhile, crude oil completes a dramatic round trip to pre-Iran-war levels, but two-year Treasury yields remain about 75 basis points higher than before the conflict began, suggesting the Fed's inflation challenge runs deeper than energy prices alone.
Today’s recommended read: Iran peace deal no silver bullet for Fed's inflation dilemma, Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest
Read more from Amanda Cooper and Anna Szymanski
Produced by Eliza Davis Beard and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
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