"Escalation is the word of the day" after the U.S. hit five Iranian oil tankers near the Strait of Hormuz. Kevin Hincks points to crude oil's steady rise near $96 Wednesday morning as the key metric to watch, a level not seen since early June. This, as U.S. Treasury secretary Scott Bessent readies a tentative buyback announcement for some bonds. Kevin also touches on Apple (AAPL) and its "Surprise and Shine" event expected to focus on iPhone 18 and iPhone Duo among other products.
U.S. Treasury Readies Buyback Announcement as Crude Oil Moves Stock Market======== Schwab Network ========
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