Imani Moise

BP shares today dropped 4% in London.

And in Spain, Jonathan Andic, the vice president of fashion chain Mango, is temporarily leaving his role.

Last week, a judge accused him of being criminally responsible for his billionaire father's fatal fall during a hiking trip near Barcelona.

Andic said today that he was stepping aside to focus his energy on proving his innocence.

Mango chief executive Tony Ruiz says he supports Jonathan Andic.

He said that he expects that the judicial process will be resolved quickly and favorably.

Turning to aviation, Delta Airlines is scrambling to hire more pilots.

A jump in flight cancellations is jeopardizing its reputation for reliability.

Data from aviation analytics firm Sirium showed Delta's domestic cancellation rate has been running above the industry average.

And the airline's senior vice president of flight operations, Ryan Gumm, said in an April memo that cancellations tied to pilot availability are happening at more than 10 times historical levels.

Delta is now trying to shore up operations ahead of the busy summer travel season.

Stock markets were mixed today, with gains in chip and memory stocks helping the Nasdaq close up 1.2%.

The S&P also climbed, while the Dow slipped 0.2%.

In the housing market, high prices for materials are making it more expensive for companies to build homes.

WSJ reporter Ryan Dezember joins us now to discuss how the run-up in commodities is making an affordability crisis even worse.

So Ryan, we've been feeling the burn of inflation for a while now, but the latest data is pretty staggering.

In your story, one economist says that prices for materials used in homes like copper and wood rose more in the first four months of 2026 than they did over the entire previous three years combined.

So how is that impacting the housing market?

Does that mean that the price tag for homebuyers is also going to go up?

The war and tariffs have pushed prices for some materials higher, but also the AI boom.