Scott Galloway
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Welcome to Prof G Markets.
Let's check in on yesterday's market vitals.
The major indices rallied on news that the US and Iran have an agreement.
More on that in a second.
The Dow hit a fresh high.
Brent crude fell below $80 on hopes that the straight will finally and truly reopen.
Meanwhile, treasury yields and the dollar fell.
SpaceX shares soared 20% in their first full day of trading.
And Fox tumbled 15% after announcing its acquisition of Roku for $22 billion.
Okay, what else is happening?
and Iran have reached a deal again.
After 107 days of war, the two sides agreed to a memorandum of understanding.
It includes a 60-day ceasefire, the reopening of the Strait of Hormuz, and a halt to fighting in Lebanon.
A formal signing is set to take place on Friday in Geneva, but the big negotiations, like Iran's nuclear program, sanctions relief, and frozen assets, are all deferred to the next two months.