Zaid Admani

Thank you guys so much for listening, watching, and commenting.

Shout out to Mike and Connor for all the work behind the scenes.

And we'll see you guys back here tomorrow for the deep dive.

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

My name is Zaid Admani, and today is Thursday, March 26th.

In today's episode, we'll tell you about Meta's tough week in court.

We'll also explain the latest AI breakthrough from Google that is bringing down memory stocks.

Then stick around to the end of the show to find out how much it's going to cost to buy a new NBA team.

We got a great show for you today.

Let's go.

Stocks were back in the green on Wednesday with the S&P 500 up half a percent, while the Nasdaq climbed about 0.8%.

Like I've been saying all week, we are in a yo-yo market where stocks go up and down based on oil prices.

And yesterday, oil prices came down after optimism about a potential peace plan and ceasefire with Iran.

But look, this stuff changes on an hourly basis at this point.

There are reports that Iran has rejected the peace plan.

Not only did they reject it, they countered with their own five-point proposal that includes Iran keeping control of the Strait of Hormuz.

So today, the optimism about a ceasefire is starting to fade, which is causing oil prices to rip higher again.

Brent crude is back above $106 a barrel after falling below $100 yesterday.

We're about a month into this conflict now, and oil prices have gone up more than 35%.

And look, there are some oil executives worried that things could get worse.