But with reports now of $2 million tolls per passage if the straight reopens, are these rallies premature. Let's bring in Brendan Ahern. He's the chief investment officer over at Crane Shares.Brendan, it's good to see you and just kind of walk us through this step by step here. A region that we saw suffering as the Iran war went on is now snapping back quite sharply. >> Yeah, 100% Kelly.Uh, in general, Asia is highly dependent upon Middle East oil and natural gas. In the case of say Japan and the Philippine ...

Let's talk about uh one of those uh large cap tech companies right now. Throw guys throw up meta uh intraday stocks ripping it. It's up right now 6% I think I see it.They they debut the story just uh just moving. Bloomberg's got a story that Meta debuts its first AI model from its prize super intelligence group. Uh that that story just hit a few minutes ago.Say it again. >> Oh, good. Okay.Julia Borson has this news uh actually for us. Julia, what do we know here. Because it's obviously moving the stock.>> Y ...

Elon Musk is escalating his legal battle with OpenAI founder Sam Holman in a new court filing ahead of a trial set to begin later this month. Kate Rooney has the latest in Tech Check. Hi Kate. Hi Kelly.So in a filing on Tuesday, Elon Musk's lawyers asked to have CEO Sam Alman and president of that company Greg Brockman removed from their roles at Open AAI. as a legal remedy they now asked to strip those executives of what they call authority and personal financial benefits they extracted from OpenAI's illic ...

Crude prices are plunging this morning on the US Iran ceasefire, but the ability of ships to transit the straight of Hormuz still a major question. Our Pipa Stevens is looking into that this morning. Hey Pipa. >> Hey Carl.Well, Iranian state media saying in the last half hour that passage through Hormuz has been halted after Lebanon strikes. That comes after two ships did transit this morning according to Marine Traffic. And we had seen activity pick up prior to the ceasefire.Lloyds puts total transits last ...

Bring in show music, please. >> Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pod, a truce sort of markets rallying after President Trump announced a two-week ceasefire with Iran.CNBC reporter Dan Murphy in the Middle East. >> A down to the wire tactical victory, but ultimately one that resolves none of the issues. >> And oil prices plunging.Iran says it will allow ships to pass through the critical straight of Hormuz. Our Brian Sullivan on the global energy market. >> Watch that marinetra.com chart. ...

Welcome back. The US and Iran agreeing to a two-week ceasefire contingent upon the reopening of the straight or muz though Iran staterun media just saying now passage of oil tankers through the strait has been stopped as a result of attacks in Lebanon. Joining us this morning, retired Army Brigadier General, former US assistant secretary of state for political military affairs Mark Kim.General, it's great to have you back. Thanks for the help. Uh we set this up by uh saying you believe maybe the Iranians uh ...

a strong relief rally on Wall Street in response to the two-week ceasefire of hostilities uh among US, Israel, and Iran. And a lot of things are fitting into place. A lot of investors had opened up the possibility that in fact we had upside risk if we did get uh some kind of a uh of a peace moment here.It's happening. You have oil prices cracking pretty significantly, although not back to their pre-war lows. You have Treasury yields coming off their recent highs and then more than 2% gains in all of the maj ...

We have baked in, I'd say, the more aggressive tariff policy, which was that upwards of 20% reciprocal tariffs. We have not baked in now this reduction to 10%. So that's again a little bit of a contingency um depending on how things sort of play out, but we know it's still an uncertain time. ...

An AI model too powerful for public use. That's how Anthropic is selling its latest advanced AI model, Mythos. Kate Rooney has the story for today's tech check.Kate, hi Sarah. So, this really is unprecedented. Anthropic is going to be restricting public access to start.Its newest AI model is only available to a handful of tech partners who the company says can get what they describe as a head start on any bad actors out there with nefarious plans for ramped up versions of this technology. It's going to be c ...

jet fuel in in total for a barrel basis is well over $200 a barrel, you know, on a refined basis. We're going to save in the second quarter about $300 million at these prices because of the refinery. So, it provides a nice benefit in terms of relief, but it doesn't solve the issue.We have to take action just like everyone else in this industry needs to in order to get our costs covered. The fuel prices are going to stay elevated. We have to be responsible. We have to find ways to get our costs covered.One o ...