Thursday, April 2, 2026

Friday's News Links

[CNBC] Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening 

[Bloomberg] Treasuries Fall as Strong Jobs Data Undermines Fed Cut Outlook

[Axios] U.S. fighter jet shot down in Iran, search underway for crew

[AP] No sign of war winding down in Mideast as Friday dawns with attacks across region

[CNBC] U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3%

[Axios] The overlooked private credit risk is in life insurance

[Axios] U.S. bombs Iran's civilian infrastructure for first time after "Stone Ages" threat

[Reuters] Trump threatens to strike Iran's bridges and electric power plants

[Reuters] US experts say American strikes on Iran may amount to war crimes

[Reuters] Trump's budget proposes 10% cut in discretionary spending, increased defense spending

[Yahoo/Reuters] North American farmers pinch pennies on farm machinery as profitless growing season approaches

[Reuters] Japan's services growth slows as Middle East war dents confidence, PMI shows

[Bloomberg] Iran Strikes Gulf Energy Sites as Trump Warns of Further Attacks

[Bloomberg] Macron Criticizes Trump and Calls on Allies to Unite Against US

[Bloomberg] Blue Owl Reels as Investors Who Fueled Its Growth Now Want Out

[Bloomberg] China Probes Politburo Member in Widest Purge Since 1976

[NYT] White House Seeks $1.5 Trillion for Defense in New Budget Request

[NYT] The Iran war has forced the Fed back to wait-and-see mode.

[WSJ] The Wealthy Investors That Powered Private Credit Are Rushing for the Exits

[WSJ] The Real Test For Private-Credit Fund Flows Starts Now—Heard on the Street

[WSJ] What’s a Private-Credit Fund Worth When the Money Is Locked Up?

[WSJ] Control Over Strait of Hormuz Will Determine Who Wins the War

[WSJ] Iran Beefs Up Defenses, Recruits Children as It Prepares for Ground War

[FT] The art of the deal eludes Donald Trump in Iran

[FT] Tett: What’s going on with dollar debt?

[FT] Credit investors flee to safety, pulling $11bn from junk bonds this year

[FT] Oil cargo prices surge as fears of supply shortage grip market

[FT] Europe must prepare for ‘long-lasting’ energy shock, Brussels warns

Thursday Evening Links

[Reuters] US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran

[AP] Live updates: Hegseth asks the Army’s top uniformed officer to step down during Iran war

[Reuters] World anxious to open Hormuz Strait while Trump and Iran trade threats

[CNBC] The March jobs report will be released on Friday. Here’s what to expect

[Reuters] A year after 'Liberation Day,' Trump sets new drug tariffs, adjusts metals duties

[Axios] Trump administration announces new tariffs on drugmakers

[Yahoo/Bloomberg] Fed’s Williams Sees Risks to Inflation, Employment Balanced

[Bloomberg] US Blue-Chip Bond Funds See $5.3 Billion Outflow, Most in a Year

[Bloomberg] Trump Turns to Ally Todd Blanche to Steer DOJ Through Fresh Tumult

[NYT] Rival Nations Seize On Choke Points to Counter Trump

[WSJ] Tariffs Strained U.S. Aluminum Supplies. Now the Iran War Is Making It Worse.

[FT] Macron dismisses Trump’s call for western nations to reopen Hormuz by force

Thursday Afternoon Links

[CNBC] Stocks fall, oil rises as Trump comments dent hopes for a U.S.-Iran war resolution: Live updates

[AP] Live updates: Iran and Israel keep up attacks as Trump insists US will hit Tehran even harder

[AP] Average US long-term mortgage rate climbs to 6.46%, the highest level in nearly 7 months

[Reuters] US private credit faces potentially higher defaults as software exposure weighs

[Reuters] Tariff-struck companies exploring loans backed by refund claims​

[Yahoo Finance] Jet fuel prices are up 100%, oil prices keep surging, and airlines are paying the price

[Yahoo/Bloomberg] US Lawmakers Propose Crackdown on Sales of Chip Tools to China

[Bloomberg] Trump Threatens Iran’s Infrastructure as Markets Fear Longer War

[Bloomberg] Citadel’s Global Fixed Income Fund Tumbles, Sinking 8.2% in March

[Bloomberg] Hedge Funds Bail From Global Stocks at Fastest Pace in 13 Years

[Bloomberg] Private Credit’s CLO Machine Ramps Up in Push to Raise More Cash

[Bloomberg] Rubio Accuses China of Harassing Panama-Flagged Ships

[NYT] Blue Owl, Ailing Private Credit Firm, Reveals Even More Troubles

[NYT] Trump’s Media-Bashing Is Coming Back to Bite Him in Court

[WSJ] How Trump Rewrote the Rules of Global Trade in One Year