Good morning. On Fortune’s radar today:
Apple stock takes a hit after ‘all-glass’ iPhone canceled. Crude awakening: Oil over $90, again. The stock market will test Warsh but don’t panic—the S&P 500 is going to 8,080, analyst says. Iran is behaving as if it has already won the war. AI capex: There’s more than you think. It’s not on the same scale as the S.S. Californian’s failure to respond to the Titanic, but it does involve Mark Zuckerberg.➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here.
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