CNBC Business News Update Market Midday: Stocks Higher, Trump Calls Latest Iran Cease Fire Plan Not Good Enough, Worries US Economic Growth Could Slow 4/6/26
Apr 6, 2026
Andrew Lipow, oil-market analyst — explains how physical oil premiums can push effective crude prices past $130. Scott Wapner, markets reporter — covers market reactions to a reported Strait of Hormuz deadline and geopolitical risks. They discuss potential US growth slowdown, rising pump and jet-fuel costs, and how traders are waiting for key developments.
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Markets Holding Ground Despite Iran Tensions
- Markets are mutedly optimistic despite geopolitical risk from a potential U.S.-Iran war.
- The S&P is down 4% since the war started but under-the-surface weakness and mispricing could signal more downside if growth slows, according to Libby Cantrell at PIMCO.
Higher Oil Could Become A Growth Shock
- Oil-driven inflation could morph into weaker U.S. growth if the conflict escalates further.
- PIMCO warns markets may be mispriced because lingering supply effects could push a supply shock into a growth shock.
Wait Before Making Big Market Moves
- Investors should adopt a wait-and-see stance ahead of the Trump deadline on the Strait of Hormuz.
- Scott Wapner describes markets as 'hanging in there' with stable oil and yields while awaiting the alleged 8 p.m. Tuesday deadline.