Kim Kahn

Hello, today is Sunday, April 12th, and I'm your host, Kim Kahn.

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 kicks things off Monday.

Tuesday brings JPMorgan Chase, Wells Fargo, Citigroup, and BlackRock.

Bank of America and Morgan Stanley follow Wednesday.

Later in the week, results from Taiwan Semiconductor, Netflix, and Pepsi will offer insight into global demand, tech spending, and consumer trends.

Netflix reports Thursday with analysts expecting EPS of 77 cents on revenue of just above $12 billion.

With the Warner Bros.

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 also be closely watched for signals on pricing power and capital allocation.

Also on the calendar, Johnson & Johnson reports Tuesday and 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 J.D.

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.