Zaid Admani

We got a great show for you today.

Let's go.

My name is Zaid Admani, and today is Wednesday, March 11th.

In today's episode, we'll recap the latest inflation report and why the market is pretty much ignoring it.

We'll also tell you about the clutch earnings from Oracle.

Then stick around to the end of the show to find out why Meta just bought a social network for AI bots.

We got a great show for you today.

Let's go.

Well, we had another up and down day of trading on Tuesday.

Markets were whipsawing from green to red throughout the day.

And by the close, the S&P was down 0.2%, while the NASDAQ was basically flat.

Honestly, though, the fact that stocks ended roughly flat, given everything that happened, is kind of impressive.

The main story continues to be oil prices, which had another absolutely wild day of trading.

Mid-afternoon on Tuesday, Energy Secretary Chris Wright posted on X that the U.S.

Navy had successfully escorted an oil tanker through the Strait of Hormuz.

And when that tweet hit the timeline, oil prices immediately plunged to as low as $77 a barrel in the stock market rally.

Then a few minutes later, that post was deleted.

Turns out it was incorrect information.

The White House later clarified that the U.S.

Navy is not currently escorting commercial tankers through the Strait of Hormuz.