Marketplace Morning Report Global markets respond to the attack on Iran
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Mar 2, 2026 Carla Javier, Marketplace reporter who covers economic data and labor market stories, joins to discuss market turbulence after the Iran attack. Oil spikes and gold rises. The conversation also previews the crucial monthly jobs report and explores slowing income growth, consumer limits, and new AI 'vibe-coded' app risks.
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Markets Shook by Conflict With Iran
- Global markets reacted immediately to the U.S.-Israel conflict with Iran, sending oil up about 6–7% and gold up roughly 2% as investors sought safety.
- Julia Coronado framed this as growing uncertainty where traditional safe havens like U.S. rates no longer always win, altering typical market flows.
Prepare For Faster Gas Price Pass Through
- Expect higher gasoline prices to reach consumers quickly after large oil-price jumps tied to geopolitical risk.
- Julia Coronado warned that the big 6–7% oil move and unclear conflict duration mean pump prices will likely rise soon.
Flight To Safety No Longer Favors U.S. Rates
- The usual 'flight to safety' patterns are fractured: bonds first saw yields fall, then not, because U.S. instruments are sometimes perceived as sources of uncertainty.
- Coronado highlighted how recent months showed U.S. rates don't always benefit when investors seek safety.