NO SHOW JOBS 🤌
Friday, April 3, 2026
The family reads before the market opens.
| MARKET SNAPSHOT | |||
| Thursday Close — Market Closed Today, Good Friday | |||
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$SPY
$655.83
▲ 0.09%
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$QQQ
$584.98
▲ 0.12%
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$DIA
$465.06
▼ 0.13%
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$PLTR
$148.46
▲ 1.2%
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$ARM
$149.11
▼ 3.84%
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BITCOIN
$66,943
▼ 1.7%
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ETHEREUM
$2,048
▼ 0.4%
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WTI CRUDE
$111.54
▲ 11.4%
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| BADA BING 🎯 |
| The #1 Story |
Everyone's sleeping on $UBER and Dara is building a trillion-dollar machine in plain sight.
At roughly 15x trailing earnings, Uber trades below the S&P 500 average and the transport sector. Analyst consensus sits at ~$104. Stock is around $76. That gap doesn't exist by accident. It exists because Wall Street still thinks of Uber as a ride-hailing app.
It's not. It's the distribution layer for the entire autonomous vehicle economy.
Dara said it himself on the Semafor Compound Interest podcast: Uber sees autonomous mobility as another trillion-dollar-plus opportunity. On the Moonshots podcast with Peter Diamandis, he went further: by 2029, Uber expects to facilitate more autonomous rides than any other platform on earth. The data backs him up: AV rider acceptance rates in Atlanta and Austin are running well above expectations. 20+ AV partnerships. 15 cities active this year.
The financial case is just as strong: $8.7B adj. EBITDA in 2025, $9.8B in free cash flow. They can afford to take big bets. And they are: Joby Aviation for air mobility, acquiring Blacklane for premium chauffeur service, and an expanded NVIDIA partnership to deploy L4 robotaxis across 28 cities by 2028.
The setup: mispriced valuation + AV adoption data coming in hot + nearly $10B free cash flow war chest. The family's accumulating.
| THE SKIM |
| Fact → So What → $Ticker |
| 3-4 bullets. What moved and why it matters. |
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US Stocks End Mixed Despite Wild Intraday Swings
Major indices opened sharply lower (Dow was down 600+ points) before clawing back to near-flat after reports Iran and Oman are drafting a Strait of Hormuz transit protocol. The S&P 500 edged up 0.11%, Nasdaq gained 0.18%, Dow dipped 0.13%.
$SPY $QQQ
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Tesla Deliveries Miss Weighs on Shares
Tesla reported Q1 deliveries of 358,023 vehicles, missing the 365,645 consensus by about 7,600 units. Production outpaced deliveries by over 50,000, signaling inventory build. Energy storage deployments also fell sharply. Full Q1 earnings land April 22.
$TSLA
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US-Iran Conflict Escalation Drives Oil Surge
With Uncle Sam rattling sabers in Tehran's direction, oil prices spiked. WTI crude surged past $111 on Thursday after Trump's White House address offered no exit strategy. Airlines and cruise lines feel the pain; Big Oil collects.
$WTI $LUV $CCL $XLE
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Geopolitical Ripples Hit Global Markets and Commodities
Asian markets reversed gains sharply after Trump's address. South Korea's Kospi dropped 4.47%, Japan's Nikkei fell 2.38%. Gold and silver have been volatile but are not consistently playing their safe-haven role amid the Strait of Hormuz blockage dynamics.
$GLD $SLV $EWJ
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Fed Navigates Rate Cut Uncertainty Amid Oil Shock and Tariffs
The Fed's playing coy on rate cuts, citing Middle East supply disruptions pushing inflation higher. PCE inflation sits at 3.8%, and analysts are dusting off the word "stagflation." Hawks and doves are circling, but Jerome's got his poker face on.
$USD $TLT
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| WASTE MANAGEMENT 🗑️ | |
| The Bearish Call Nobody Wants to Hear | |
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| THE FAMILY LEDGER 📖 | |
| One Prediction. Timestamped. Immutable. | |
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| WEEK AHEAD 📅 |
| What to Watch: April 6 - 10 |
Holidays and Market Closures
Monday, April 6: Germany and United Kingdom observe Easter Monday holidays, potentially reducing liquidity in European markets.
Central Bank and Policy Events
RBI (Reserve Bank of India) policy decision, a focal point for emerging market sentiment. OPEC alliance meets April 5 to discuss production cut adjustments amid Strait of Hormuz disruptions.
Economic Data Releases
Markets will monitor Services PMI trends across regions, US growth and inflation data (especially with PCE running at 3.8%), and labor market indicators from the US, euro area, and Japan. Non-Farm Payrolls due Friday. All data points carry extra weight amid the Middle East conflict and stagflation concerns.
Geopolitical Watch
Trump's stated April 6 diplomatic deadline for Iran looms large. Strait of Hormuz transit status remains the single biggest variable for energy, equities, and global risk sentiment heading into next week.
⚠️ Not investment advice. Do your own research. The family has positions in names mentioned.
🤖 Powered by AI. Edited by The Consigliere.
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