CNBC Business News Update

A brisk market recap covering Dow, S&P and Nasdaq gains. Discussion of a political remark that could alter investor risk appetite. Coverage of oil pulling back and its effect on pump prices. Retail winners like Walmart and Costco amid consumer trade-downs. Airline fare pressures from higher jet fuel and TSA staffing strains at airports.

Midday market action with indexes swinging and tech stocks leading a turnaround. Crude oil slips back below $100 and traders weigh supply risks tied to Middle East transit. Discussion of a potential settlement that would reshape concert ticketing and platform access. Rising bond yields push mortgage rates higher, affecting homebuyers' costs.

Dan Murphy, on-scene CNBC energy reporter based in Dubai, gives market color from the Gulf. He discusses shipping freezes at the Strait of Hormuz and stranded crude inside the region. He explains how Gulf production cuts pushed U.S. crude above $100. He also touches on the sudden nationwide 50-cent weekly jump in gasoline prices.

Markets dipped after a U.S. strike on Iran, sparking a dramatic stock swing. U.S. crude jumped about 35% for the week, touching highs above $91 a barrel. Concerns rose over shipping at the Straits of Hormuz and filled storage tanks. Analysts warned of possible supply disruptions and rising pump prices. A surprising February report showed the U.S. economy lost jobs.

Sarah Eisen, CNBC correspondent who breaks down the February jobs report, and Patrick DeHaan or David Rosenberg, commentators on gasoline and energy risks. They cover soaring crude past $90, fuel pain at the pump, geopolitical risks around the Strait of Hormuz, slipping retail sales, and an unexpected February jobs decline. Short, timely market and consumer concerns unpacked in rapid-fire updates.

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets sell off with major indexes sliding and big movers highlighted. Geopolitical tensions and an Iran attack raise risks around the Strait of Hormuz. Crude spikes above $81, pushing pump prices and adding consumer pain. Analysts estimate huge weekly increases in gasoline spending. Surging oil and jet fuel send airline stocks tumbling.

Patrick DeHaan, gasoline analyst who tracks consumer fuel spending. Howard Marks, Oaktree Capital co-founder and market commentator. They discuss a sharp market sell-off tied to Iran-related attacks and risks in the Strait of Hormuz. Conversation covers rising U.S. crude prices, surging pump costs, and the impact on airlines and cyclical stocks.

Markets slip as oil climbs amid U.S.-Iran tensions and a Dow drop led by big pharma. Pump prices rise and travel disruptions threaten the industry. Weekly jobless claims come in a touch calmer while Q4 productivity surprised to the upside. Lawmakers eye betting bans after a spike in wagers tied to geopolitical events.

Markets staged a rebound with gains led by big tech movers. Crude oil climbed about 1% amid warnings of tighter supply and strait-shutdown risks. Concerns that Middle East conflict could lift headline inflation surfaced. Mortgage rates reacted to geopolitical events while private employment showed a modest pickup in February. Upcoming corporate earnings and jobless claims were previewed.