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Your vote
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Strikes delayed · UAE nuke plant hit · G7 meets
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Trump delayed Iran strikes — but the war just hit a nuclear plant
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Trump called off a planned military strike on Iran Monday and said "serious negotiations are now taking place." But a drone struck a nuclear plant in the UAE on Sunday, sparking a fire, and Saudi Arabia intercepted three drones that crossed its airspace from Iraq. The military ordered forces to remain ready for a "full, large-scale assault" on a moment's notice if a deal isn't reached. G7 finance ministers in Paris said opening Hormuz is "of the utmost importance" — a signal that the global economy can't wait much longer for a resolution. Oil held above $110 on the day, and your gas tank is still paying for a war that keeps shifting between brinkmanship and diplomacy.
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The other side: Trump specifically said he delayed strikes because negotiations are real — and Brent barely moved on the day, suggesting traders believe the next 48 hours are more likely to produce a deal than a bomb.
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2
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Your home
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10-yr 4.6% · housing starts + HD today
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The 10-year yield crossed 4.6% — and your housing data lands today
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The 10-year Treasury yield broke above 4.6% Monday — its highest level in a year — and Morgan Stanley's Michael Wilson said 4.5% is the point where yields start to weigh on stock valuations. April housing starts and building permits drop at 8:30 AM today, and Home Depot reports before the bell. If builders are pulling back and yields keep climbing, your June rate lock just got more expensive. The 30-year bond yield is already above 5% for the first time since 2025.
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The other side: Citi just upgraded Lowe's to buy ahead of earnings this week, arguing the home improvement industry has bottomed — if housing demand holds, the yield move is a price problem, not a demand problem.
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3
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Your job
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Seagate -7% · Samsung strike threat
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Memory chips can't be built fast enough — and a strike could make it worse
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Seagate dropped 7% Monday after its CEO said at a JPMorgan conference that new memory chip factories "take too long" to build, dragging Micron down 6% with it. Samsung's labor union agreed Sunday to extend negotiations to avoid an 18-day strike that would throttle the already-stretched supply of chips that power everything from your phone to your car. The SOX semiconductor index is 32% above its 50-day moving average — the widest premium in years — and the supply bottleneck is the reason.
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The other side: The memory crunch is giving chipmakers pricing power — Samsung, SK Hynix, and Micron control 95% of the DRAM market — so the shortage is bad for buyers but very good for chip stock earnings.
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