Unemployment system stability
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The Fed decision, Micron earnings, Amazon's USPS contract and more in Morning Squawk
CNBC· 2026-03-19 12:08
分组1 - Oil prices are rallying, with Brent futures briefly exceeding $119 due to Iranian strikes on key energy infrastructure in the Middle East [2] - President Trump issued a 60-day waiver of the Jones Act to stabilize volatile oil markets, with a meeting scheduled involving Vice President Vance, Energy Secretary Wright, and U.S. governors and congressmembers [3] 分组2 - Micron surpassed Wall Street's earnings and guidance expectations, reporting quarterly revenue that nearly tripled year-over-year and projecting over 200% revenue growth for the current quarter [4][5] - Despite strong performance, Micron's shares fell more than 5% as investors took profits after a significant 350% stock increase [4] 分组3 - Amazon clarified its relationship with the U.S. Postal Service, stating it aims to increase package volumes under a new agreement, contrary to reports of planned reductions [9][10] - The contract between Amazon and the Postal Service is set to expire at the end of September, with ongoing negotiations amid financial warnings from the Postal Service [10] 分组4 - Experts warn that the U.S. unemployment system may not be prepared for a potential recession, with most states' maximum benefits failing to meet the recommended coverage of two-thirds of workers' prior average weekly wages [11][12]