Good morning and welcome to Markets Desk.
President Trump escalated pressure on Tehran overnight, announcing what he called economic warfare on Iran and threatening severe consequences for any nation or entity that continues to back the regime. The move extends Operation Economic Fury, the administration's sanctions campaign running since April, and carries real implications for oil markets and any counterparties with Iranian exposure.
Shifting to earnings, Resideo Technologies wrapped its second quarter of fiscal two thousand twenty six with investors watching closely for signals on the company's integration progress and margin trajectory. Resideo operates at the intersection of home comfort systems and security hardware distribution, two segments that have faced persistent cost headwinds, making guidance commentary the key number to watch here.
And in a story with longer-horizon market relevance, Amazon announced plans to expand its Prime Air drone delivery program to nearly five hundred American cities. Thirteen years after Jeff Bezos first unveiled the concept on sixty Minutes, the logistics economics are finally beginning to pencil out, with regulatory clearance and battery technology both catching up to the ambition. Investors in last-mile logistics and traditional delivery networks should be paying attention.
That's the tape. Markets Desk, signing off the floor.
