Business
Wall Street Brunch: Earnings Arrive Amid Hormuz Standoff
Alistair Berg/DigitalVision via Getty Images
Listen below or on the go via Apple Podcasts and Spotify
Big banks and tech names kick off earnings season this week. (0:17) Trump orders U.S. to block Strait of Hormuz shipping traffic. (1:13) Fed Beige Book and speakers guide rate outlook this week. (2:00)
The following is an abridged transcript:
It’s that time again when “per share” echoes across Wall Street.
Earnings season begins this week with the big banks, alongside a couple of major tech names.
Goldman Sachs (GS) kicks things off Monday. Tuesday brings JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C) and BlackRock (BLK). Bank of America (BAC) and Morgan Stanley (MS) follow Wednesday. Later in the week, results from Taiwan Semiconductor (TSM), Netflix (NFLX) and PepsiCo (PEP) will offer insight into global demand, tech spending and consumer trends.
Netflix reports Thursday, with analysts expecting EPS of $0.77 on revenue just above $12B.
With the Warner Bros. (WBD) acquisition saga behind it, focus has shifted back to core growth drivers: advertising, content and engagement. Ad revenue will hinge in part on traction in live sports, while the company’s recent subscription price increases will be closely watched for signals on pricing power and capital allocation.
Also on the calendar: Johnson & Johnson (JNJ) reports Tuesday and ASML (ASML) on Wednesday.
In geopolitics this weekend, President Donald Trump said the U.S. would move to block maritime traffic through the Strait of Hormuz after negotiations with Iran collapsed in Islamabad.
In a post, Trump said the Navy would begin efforts to stop vessels from entering or leaving the key shipping lane, framing the move as a response to escalating tensions.
The announcement followed the breakdown of marathon talks involving Vice President JD Vance and envoys Steve Witkoff and Jared Kushner, who spent nearly a full day negotiating with senior Iranian officials.
The discussions, brokered by Pakistan, were aimed at ending a six-week conflict but failed to produce an agreement, leaving a fragile ceasefire in doubt.
Iranian officials said U.S. demands were too steep, though the foreign ministry signaled further talks remain possible, noting that major disputes are unlikely to be resolved in a single round.
On the economic front, the Federal Reserve’s Beige Book on Wednesday will offer a fresh snapshot of economic conditions, while a steady lineup of Fed speakers could help shape rate expectations.
Wells Fargo economists highlight New York Fed President John Williams on Thursday and Governor Christopher Waller as the key voices to watch.
“We consider Williams a good proxy for the more academically minded members of the Fed,” they wrote. “He doesn’t usually shock markets, but his comments will be closely scrutinized for signals on a higher-for-longer stance versus the timing of potential cuts.”
“Waller, on the other hand, isn’t shy about changing his mind publicly,” they added. “He dissented in favor of a cut at the meeting prior to the most recent one and has emphasized data dependence — a willingness to hold rates if the data firm, while remaining opposed to hikes.”
And for income investors, Abbott Laboratories (ABT) and AbbVie (ABBV) go ex-dividend on Wednesday, with payouts scheduled for May 15.
Johnson Outdoors (JOUT) goes ex-dividend Thursday and pays out on April 30.
Acuity Brands (AYI) goes ex-dividend Friday, with a May Day payout.
Check out what’s clicking on FoxBusiness.com.
First son Barron Trump’s new beverage venture has announced its first two flavors ahead of its planned launch, now set for May.
SOLLOS Yerba Mate, headquartered near Mar-a-Lago, revealed the news in a LinkedIn post last week.
“Introducing our 12-pack: Pineapple + Coconut,” the company said. “Launching May 2026.”
The announcement comes after the 19-year-old, the youngest son of President Donald Trump, was listed as a director of the Palm Beach, Florida-based beverage company, according to January SEC filings in Florida and Delaware.
BARRON TRUMP LINKED TO BEVERAGE COMPANY BASED NEAR MAR-A-LAGO
Barron Trump’s new beverage venture has announced its first two flavors ahead of its May launch. (Mike Segar/Reuters / Reuters)
The product will be available for purchase online at sollos.com, the company said.
The company also shared videos showcasing the design of its new beverage packaging ahead of launch.
In one video, light blue cans featuring “SOLLOS” in bold lettering over an orange-and-yellow sun graphic appear to move through a factory during mass production.
Another clip shows packaging for the 12-pack, including a light blue box with yellow graphic accents.
A LOOK AT THE TRUMP FAMILY’S BUSINESS EMPIRE
SOLLOS Yerba Mate launches a 12-pack pineapple and coconut beverage line. (SOLLOS Yerba Mate/LinkedIn / Fox News)
Yerba mate, a caffeinated herbal tea native to South America, has recently gained popularity in the U.S. as an alternative to coffee.
SOLLOS was previously announced as a beverage brand designed to complement life in the “Sunshine State,” with branding centered on the sun.
“SOL,” meaning sun in Spanish, represents sunrise and the beginning of the day, the company said. “LOS,” spelled backwards from “SOL,” represents sunset. The startup emphasized that the name is intended to capture the full cycle of the sun, reflecting the idea that “It Begins Where It Ends.”
HERE’S HOW MUCH TRUMP ACCOUNT BALANCES COULD GROW OVER TIME
Light blue cans, featuring the logo “SOLLOS,” move through a factory line. (SOLLOS Yerba Mate/LinkedIn / Fox News)
According to SEC filings dated Jan. 23, SOLLOS raised $1 million through a private placement and lists at least five partners.
Barron, a student at New York University’s Stern School of Business, along with four others named in the SEC filing, are listed as executive officers and members of the company’s board of directors.
Others involved in the company include Spencer Bernstein, Rudolfo Castello, Stephen Hall and Valentino Gomez, some of whom attended the same high school as Barron.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Bernstein, a Villanova University student who previously attended Oxbridge Academy in Palm Beach with Trump, was listed as an executive officer.
“I’ve decided to postpone my final semester at Villanova University to focus on something I’ve been building for the past 8 months,” Bernstein previously posted on LinkedIn.
“Since the end of last school year I have been working alongside my co-founder, Stephen Hall, and a few close friends on SOLLOS Yerba Mate, a lifestyle beverage brand built around clean + functional ingredients.”
Hall, now a student at the University of Notre Dame who also attended Oxbridge Academy, was listed as an executive officer and director.
FOX Business’ Sophia Comptom contributed to this report.
Analysis-Protracted Iran war narrows BOJ’s rate hike options
US stock futures slide over 1% after Iran ceasefire talks fall through
The Tourism Authority of Thailand emphasizes sustainable growth by promoting premium experiences and prioritizing safety. After welcoming 9.31 million visitors in early 2026, Thailand projects a total of 30 to 34 million arrivals by the end of the year.
Emphasizing Quality in Tourism
Bangkok, 8 April 2026 – The Tourism Authority of Thailand (TAT) is committed to The New Thailand vision, focusing on Value over Volume to ensure sustainable and meaningful growth. Despite global economic uncertainties, Thailand aims to sustain its competitiveness and recalibrate its 2026 international tourism outlook. TAT is implementing targeted measures to enhance high-value experiences, expand quality market segments, and ensure safety and reliability through the Trusted Thailand framework. This approach not only reinforces confidence but also aligns with evolving traveler priorities through the “Healing is the New Luxury” concept, bolstering Thailand’s reputation as a resilient and competitive destination.
Strengthening Resilience Amid Global Challenges
Building on its 2025 performance, Thailand continues to leverage tourism in economic recovery amidst global challenges like economic uncertainty and regional competition. While international arrivals are gradually recovering, changing travel behaviors and cautious spending underline the need to focus on quality growth and greater value per trip. In the first quarter of 2026, Thailand welcomed 9.31 million international visitors, with China leading, followed by Malaysia, Russia, India, and South Korea. Long-haul markets, including the UK and the US, also contributed significantly to a diversified market mix, supporting sustained tourism growth.
Projected Growth and Future Outlook
For 2026, TAT anticipates international arrivals around 30–34 million, taking into account global fluctuations such as travel demand, air connectivity constraints, and energy price volatility. Domestically, 206 million trips are expected, with total tourism revenue projected to be approximately 2.58 trillion Baht. The strategy acknowledges anticipated easing of geopolitical tensions in the Middle East within months. By aligning with global conditions, TAT is poised to maintain Thailand’s position as a preferred travel destination, focusing on quality growth and ensuring economic resilience through enhanced traveler experiences.
Source : TAT refocuses on value over volume as 2026 tourism outlook is recalibrated
Other People are Reading
Dollar strengthens as peace talks falter, US blockade of Iran’s ports to begin
The foreign owner of two mothballed abattoirs has put both facilities up for sale and will exit WA after two years of radio silence about its future.
CrowdStrike: A Wing And A Prayer
The failure of negotiations at the weekend has raised concerns that the global energy crisis will deepen.
Business
Keiko Fujimori leads Peru’s presidential vote with 16.6%, shows early exit poll from Ipsos Peru
Keiko Fujimori leads Peru’s presidential vote with 16.6%, shows early exit poll from Ipsos Peru
Oil prices jump above $100/barrel after Trump orders Hormuz blockade
Teni – Money (Lyrics)
Primark launches app so shoppers can check stock in stores
Drama at Wankhede! RCB star Tim David refuses to return ball; umpire annoyed – WATCH | Cricket News
-
Politics2 days agoUS brings back mandatory military draft registration
-
Fashion2 days agoWeekend Open Thread: Veronica Beard
-
Tech5 days agoHow Long Can You Drive With Expired Registration? What Florida Law Says
-
Sports2 days agoMan United discover Nico Schlotterbeck transfer fee as defender reaches Dortmund agreement
-
Politics10 hours agoWorld Cup exit makes Italy enter crisis mode
-
Crypto World4 days agoCanary Capital Files SEC Registration for PEPE ETF
-
Fashion7 days agoMassimo Dutti Offers Inspiration for Your Summer Mood Board
-
Business2 days agoTesla Model Y Tops China Auto Sales in March 2026 With 39,827 Registrations, Beating Cheaper EVs and Gas Cars
-
Fashion5 days agoLet’s Discuss: DEI in 2026
-
Crypto World4 days agoBitcoin recovers as US and Iran Agree a Ceasefire Deal
-
Politics3 days agoMalcolm In The Middle OG Turned Down ‘Buckets Of Money’ To Appear In Reboot
-
NewsBeat2 hours agoPep Guardiola and Gary Neville agree over Arsenal title problem that benefits Man City
-
Business3 days agoOpenAI Halts Stargate UK Data Centre Project Over Energy Costs and Copyright Row
-
Tech7 days agoItalian court says Netflix must refund customers up to $576 over price hikes
-
Business1 day agoIreland Fuel Protests Enter Day 5 as Blockades Spark Shortages and Government Prepares Support Package
-
Tech7 days agoHaier is betting big that your next TV purchase will be one of these
-
Tech7 days agoGamer Restores the Original PlayStation Portal From Two Decades Ago
-
Tech7 days agoThe Xiaomi 17 Ultra has some impressive add-ons that make snapping photos really fun
-
Tech7 days agoSamsung just gave up on its own Messages app
-
Tech7 days agoSave $130 on the Samsung Galaxy Watch 8 Classic: rotating bezel, sleep coaching, and running coach for $369
You must be logged in to post a comment Login