NEW YORK'S LAGUARDIA AIRPORT: IS ON TRACK TO REOPEN AT 2PM.

• Stock futures are soaring this morning after President Donald Trump said the The U.S. would postpone any strikes against Iran’s energy infrastructure for five days following “good and productive conversations” between the two countries. Stock futures pared back some of their gains, though, after Iranian state media denied that the two countries were in direct talks. The president had said on Saturday that the U.S. would attack Iranian power plants if the Strait of Hormuz wasn’t reopened in 48 hours. • Immigration and Customs Enforcement agents will be deployed to U.S. airports to help ease long security lines starting today, White House border czar Tom Homan announced yesterday. • A California jury on Friday found billionaire Elon Musk defrauded Twitter investors ahead of his acquisition of the social media platform. Attorneys for the plaintiffs said damages could total as much as $2.6 billion. • OpenAI spent last year inking a salvo of infrastructure deals to ensure compute capacity. But as the artificial intelligence startup reads to potentially go public, it has started taking a more measured approach. In recent weeks, CEO Sam Altman has acknowledged supply chain problems and the fallout of severe weather on its data centers. He said at a conference this month that “so much stuff goes wrong” when working at this scale. • Market volatility is pushing wealthy investors toward tangible assets. One particularly popular investment: colored gemstones. Resale markets and the surge in gold prices have bolstered jewelry’s standing as a haven that can maintain value over time. Now, collectors are looking beyond diamonds to stones like rubies, sapphires and emeralds.

Domestic News 1. The second meeting of the "upgraded" China-EU export control dialogue mechanism was held in Beijing. 2. Did small and medium-sized insurance funds reduce their positions, leading to a correction in A-shares? Industry insiders say the impact is limited, with overall buying activity predominating. 3. The government has implemented temporary control measures on refined oil prices: gasoline and diesel prices have actually increased by 1160 yuan and 1115 yuan respectively. 4. Wang Yi met with Powell, the UK Prime Minister's National Security Advisor, and the two sides exchanged views on the situation in Iran and the Ukraine crisis. International News 1. Sources: The Japanese government is considering intervention in oil futures. 2. According to the Financial Times: The US warned the EU that it must reach a trade agreement or risk losing its preferential access to liquefied natural gas. 3. US Energy Secretary Wright: The US Strategic Petroleum Reserve (SPR) began releasing reserves last Friday afternoon, with a release volume of 1 million to 1.5 million barrels per day, totaling nearly 300 million barrels. 4. Federal Reserve: ① Goolsby: There may be a need to raise interest rates. ② Milan: If a second round of inflation and wage increases occur, interest rate hikes may be necessary, but it is not currently considered necessary. Four rate cuts are still expected in 2026. 5. Iran Situation: ① Iranian media reported that a US fighter jet was shot down; US Central Command responded: No US fighter jet was shot down by Iran. ② The US aircraft carrier USS Ford arrived in Greece for repairs. ③ Iran denies charging high fees to ships passing through the Strait of Hormuz. ④ Trump: The US and Iran have had good and productive talks over the past two days, and the Department of Defense has been instructed to postpone any military strikes against Iranian power plants and energy infrastructure for five days. Iranian media denied this, stating that no direct or indirect negotiations have been held with the US. ⑤ Iranian Foreign Ministry: Trump's remarks are aimed at lowering energy prices and buying time for his military plans. ⑥ US media: Trump responded that he was unclear about what the Iranian media was saying, the most recent Iran talks were held last night, and an agreement with Iran could be reached within five days, or even sooner. ⑦ Trump: We have reached 15 agreements with Iran, including that Iran will not possess nuclear weapons. The person we are talking to is not Iran's Supreme Leader. We do not want to see any uranium enrichment activities, but we also want the uranium that is already enriched. If the US-Iran dialogue breaks down, bombing operations will continue. ⑧ Israeli media: A source said that the Iranian official negotiating with the US is Iranian Parliament Speaker Ghalibaf. Iran denies that the Speaker is negotiating with the US. ⑨ US media: Turkey, Egypt, and Pakistan are helping to relay messages between the US and Iran.