Zaid Admani

Delta Airlines just announced a deal to bring Amazon satellite internet service called Leo on 500 of its planes starting in 2028.

Well, all right, guys, that's the rundown for today.

Public.com presents The Rundown, your daily market update in under 10 minutes.

My name is Zaid Admani, and today is Monday, March 30th.

In today's episode, we'll tell you the latest market reaction to the war and why there is nowhere for investors to hide.

We'll also tell you about more smoke coming from the private credit space and the latest AI partnership from Eli Lilly.

Then stick around to the end of the show to find out why Sony is raising the prices of the PS5.

We got a great show for you today.

Let's go.

Well, we're coming off another brutal week on Wall Street.

The S&P 500 dropped 2.1% last week, while the Nasdaq did even worse, dropping 3.2%.

Stocks have now dropped for five straight weeks, and the last time that happened was back in 2022.

For the year, the S&P 500 is down 7%, while the NASDAQ has dropped nearly 10%.

The big thing driving the sell-off, of course, has been the war with Iran and rising oil prices.

We are now entering the fifth week of this conflict, and investors are starting to freak out that this could drag on for much longer.

The big concern is the Strait of Hormuz.

It's still closed, and that's why oil prices keep climbing.

Brent crude is now trading above $115 a barrel this morning, which is up more than 55% just in March alone.

that would make it the biggest monthly surge in oil prices on record.

And there are some people out there thinking that this could get much worse.