Closing Bell Closing Bell Overtime: Markets Brace for Trump Address, SpaceX IPO Buzz Builds and Nike’s Turnaround Gets Tested 4/1/26
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Apr 1, 2026 Bob Diamond, former Barclays CEO and founder/CEO of Atlas Merchant Capital, weighs in on global markets and GCC resilience. Conversation covers SpaceX IPO speculation and how a mega deal could shift markets. Discussion also touches on Nike’s troubled turnaround and the market catalysts investors are watching next.
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Diesel Surge Is A Hidden Inflation Tax
- Diesel price spikes are driving hidden inflation via higher transport costs, with U.S. surcharges and California diesel hitting record levels.
- Pippa Stevens notes UPS surcharges and port cost impacts, warning these increases pass through to consumers.
Yields Fall As Dollar Weakens
- Recent strong economic prints pushed Treasury yields down from intraday highs and re-steepened the curve as the dollar weakened.
- Rick Santelli points to falling 10- and 2-year yields and a re-steepening driven partly by crude-driven inflation concerns.
On The Ground In Abu Dhabi And Dubai
- Bob Diamond reports seeing 'business as usual' in the GCC despite conflict, praising local leadership and market continuity.
- He observed active flights, hotels, and professionals working remotely or meeting in lobbies while markets remained operational.