Zaid Admani

Airline stocks like Delta, American Airlines, and United Airlines have been hit hard this past month because of rising jet fuel prices, which have jumped around 60% since the start of the war.

The cost of fuel is an airline's second largest expense after labor, and generally accounts for about 20 to 30% of all annual operating costs across the global aviation industry.

Higher fuel costs eat into profits, so a de-escalation in the war could lead to lower jet fuel prices, and that's why airline stocks are up around 5% this morning.

Now, on the flip side, energy companies are lower today.

No surprise here.

The oil companies like Chevron, Exxon, and ConocoPhillips make more profit when oil prices are higher.

So if there is a resolution to the war, this trade of Hormuz opens back up, it could push oil prices lower again.

And that's why stocks like Chevron, Exxon, and ConocoPhillips are all in the red this morning.

A quick update on that, these stocks were in the red initially, but now they're back in the green.

I guess the market is not quite convinced that oil prices are about to go lower.

Let's wrap the show with a fun fact.

Amazon just had their biggest movie debut ever.

The movie Project Hail Mary starring Ryan Gosling made $80 million at the domestic box office and over $60 million overseas.

I saw the trailer for this movie.

It's a space movie based on Andy Weir's novel, the same guy who wrote The Martian, which is also a fantastic movie.

This movie got some excellent reviews.

And personally, I'm just happy to see a non-sequel movie do well at the box office.

It's just great to know that people still want to watch some cool space movies on a big screen.

You know, I really wanted to go see it in IMAX over the weekend, but the movie is over two and a half hours long.

So it's really hard to do that with two little kids.