Alex Osola

government loaning the discount carrier as much as $500 million.

In return, it would receive warrants to take a potential significant stake in Spirit.

The government has helped the airline industry in times of crisis, like after September 11th.

But rescuing Spirit would be a rare intervention to prop up a single carrier.

The White House says it's monitoring the health of the U.S.

aviation industry.

President Trump yesterday told CNBC that he's troubled by the idea of Spirit going out of business and that maybe the federal government should, quote, help that one out.

In corporate leadership news, former Nike executive Heidi O'Neill will be Lululemon's next CEO starting in September.

She'll be expected to help revive the athletic clothing brand in the U.S.

And Best Buy said today that its CEO, Corey Berry, is stepping down in October.

Jason Bonfig, a longtime Best Buy executive, is replacing her.

The electronics retailer has reported years of tepid sales growth that weighed on its stock.

President Trump's extension of the Iran ceasefire helped stocks rebound after two straight days of declines.

The Nasdaq led the gains, closing up 1.6 percent.

Oil traders weren't so optimistic, and Brent Crude, the international benchmark, closed above $100 a barrel for the first time in two weeks.

A new exchange-traded fund is seeing one of the fastest starts in recent history.

The Roundhill Memory ETF tracks computer memory and storage stocks and launched quietly earlier this month.

In less than two weeks, it has gathered more than a billion dollars in assets, rare for any ETF and an unprecedented feat for such a small money manager.

WSJ Markets reporter Jack Pitcher says the fund's success is mostly because it's concentrated in a hot segment of the market.

Coming up, we've got some more AI news about Google and the new frontier of AI.