Good morning, you're tuned into Markets Desk.
Futures are pointing sharply higher this morning after the United States and Iran agreed to pause hostilities over the weekend, and oil is selling off hard in response. Crude is tumbling as traders unwind the geopolitical risk premium that had been baked in, giving equity markets room to breathe heading into a packed week of Fed deliberations and Big Tech earnings.
Turning to the tape, AT&T delivered a genuine beat, with adjusted earnings per share climbing to sixty-five cents from fifty-four cents a year ago, and the company announced a ten billion dollar buyback program on top of that. Despite all of it, the stock still trades at just eight times earnings with a four-point-six percent yield, which tells you the market remains skeptical about long-term growth but income investors are paying close attention here.
Meanwhile, Texas Instruments is drawing fresh attention after posting its highest revenue growth rate in several years while simultaneously trimming expenses, a combination that tends to get institutional money moving. Analysts are pointing to AI-driven demand for analog chips as the structural tailwind, suggesting this may not be a one-quarter story but a durable cycle.
That's the tape. Markets Desk, signing off the floor.
