Morning Brief: A sharp warning from Goldman Sachs

👋 Good morning! Markets spent overmuch of Monday successful a authorities of confused optimism implicit Iran, sending markets somewhat into the green, though lipid prices rose.

The S&P 500 (^GSPC) gained 0.4%, the Dow (^DJI) 0.3%, and the Nasdaq (^IXIC) 0.5%.

With threats, deadlines, and by-the-minute quality changes, Iran and the Strait of Hormuz proceed to thrust the day.

On the docket this morning:

🇮🇷 Iran warfare update, week six

💨 Tech is doing everything close and getting near behind

⚠️ A crisp informing from Goldman Sachs

🎰 Kalshi scores a tribunal victory

⚡️ A bold telephone from JPM: Tesla could driblet 60%

📫 Jamie Dimon's missive is out

📆 What we're watching Tuesday: Besides Iran, with ostentation backmost successful the market's driver's spot (one of them, anyway), we're watching for changes successful the New York Fed's one-year ostentation expectations.

₿ Strategy's archetypal 4th featured a $14.5 cardinal unrealized loss. Bitcoin's large autumn has pinched the crypto treasury company.

🤖 AI agents person stolen a batch of jobs from humans implicit the past year. Goldman Sachs calculated that AI is causing a nett resistance of 16,000 jobs per period for growth, boosting the unemployment complaint by 0.1 of a percent point.

📈 'Wouldn't beryllium shocked' if bull marketplace continues: Wall Street aims to look past Iran conflict.

🤖 Big Tech's 2nd 4th conscionable started, and it's already facing large challenges. Spending, Iran, and more.

🚀 SpaceX's IPO could supercharge the full abstraction industry. Rising tides — and rockets.

🍿 Netflix debuts caller 'Playground' gaming app for kids. Peppa and Sesame Street are involved.

₿ Bitcoin jumps implicit $70,000. Optimism from Iran buoys the cryptocurrency.

🤑 What to cognize astir X Money. It's Elon Musk's fintech app that claims to wage 6% connected savings.

🏦 Alexander Hamilton's 241-year-old slope conscionable got tapped for Trump accounts. Bank of New York Mellon got the call.

💸 Trump medication signals it volition connection wide tariff refunds. That could mean millions for companies.

🤖 OpenAI releases argumentation proposals aimed astatine addressing fallout from AI-driven occupation losses. They're bold.

See what other is trending connected Yahoo Finance.

Markets are eying the Tuesday 8 p.m. ET deadline President Trump has fixed for Iran to unfastened the Strait of Hormuz against the punishment of bombing powerfulness plants and bridges — a apt usurpation of planetary instrumentality that prevents targeting of civilian infrastructure.

But the menace comes amid gestures that telegraph the anticipation of a resolution. It's not a wide picture, and markets volition person to resign themselves to being passengers connected rather the roller coaster.