The Rundown
Delta Taps Amazon for Wi-Fi, McCormick Buys Unilever’s Food Business for $45 Billion
31 Mar 2026
Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
Public.com presents The Rundown, your daily market update in under 10 minutes. My name is Zaid Admani and today is Tuesday, March 31st. In today's episode, we'll tell you about Delta's latest deal with Amazon to bring faster Wi-Fi to the skies. We'll also break down a mega- food merger between McCormick and Unilever.
Then stick around to the end of the show to find out how much Allbirds just sold for. It's a pretty shocking number. We got a great show for you today. Let's go.
Well, stocks struggled on Monday with the S&P 500 dropping 0.4%, while the NASDAQ was down 0.7%. The Dow did squeeze out a 0.1% gain, but nobody cares about the Dow. You know, what's interesting is that Mondays have typically been the market's favorite day since the war started.
Chapter 2: What recent partnership did Delta Airlines announce for in-flight Wi-Fi?
In fact, the S&P 500 has gone up every single Monday since the war, usually because investors were getting some sort of positive headlines or true social post over the weekend. Well, that streak has finally come to an end. I think at this point, investors aren't as willing to blindly trust every headline and true social post about the Iran situation. It all really comes down to oil.
And as long as the Strait of Hormuz is still closed, like it still is, oil will stay elevated and that will keep stocks under pressure. And the thing is, no one knows when the Strait of Hormuz will be reopened. In fact, there was a report from the Wall Street Journal last night that Trump is willing to end the war with Iran without reopening Hormuz. So that's why oil prices keep rising.
Brent crude, which is the international benchmark for oil, is trading around $116 a barrel, while WTI, which is a US benchmark, closed above $100 yesterday for the first time since 2022. And consumers are starting to feel that at the pump. Gas prices just crossed $4 a gallon nationally for the first time since 2022. They're up more than a dollar from a month ago.
At these price levels, you're probably gonna start hearing the phrase demand destruction being thrown around a lot more. This is when consumers and businesses simply start using less energy because they can't afford it. In fact, there are already reports of countries all over the world declaring emergencies because of energy shortages.
So there is a lot of uncertainty right now and the vibes aren't great. We're gonna continue to stay on top of everything and break it down for you here every single day. So make sure you guys are subscribed to the podcast and tuning in every day to stay in the loop. Let's run through some headlines, starting with airline Wi-Fi.
Delta Airlines just announced a deal to bring Amazon satellite internet service called Leo on 500 of its planes starting in 2028.
Delta says this service will deliver internet speeds that are three to five times faster than what passengers get on flights today. And we're talking like streaming 4K video on an airplane. Now, this is a big deal for Amazon because right now, SpaceX's Starlink is absolutely dominating the satellite internet space and more specifically, the airline Wi-Fi market.
Starlink has signed deals with airlines including United, Southwest, Alaskan Air, British Airways, Air France, and Emirates. So I guess for Amazon, landing Delta, one of the biggest and most premium airlines in the world, is a pretty big win. Now, Amazon has a lot of work to do to catch up to Starlink.
Starlink has about 9,000 to 10,000 satellites already in orbit, and they're also a proven service. Amazon, on the other hand, only has a few hundred satellites in orbit, but they think their service will end up being better than Starlink's. So we'll see what ends up happening, but there's a deeper play here when it comes to Amazon and Delta.
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