REAR VIEW: US Retail Sales as expected; Jobless claims fall; Logan calls for modestly higher policy rate; Iran reportedly tells Yemen's Houthis to close Bab El Mandeb gateway to the Red Sea if the US hits power network; TSM earnings beat, raises capex; Japan to buy 27.5k NVDA Rubin chips to build AI for robots; UNH & ABT earnings beat; GOOGL Gemini launch delayed.

REAR VIEW: Iran said that the Strait of Hormuz would be closed until further notice; Trump reinforces blockade; Trump to charge for Hormuz usage; Houthis hit Saudi Arabia after…

Softer-than-expected US PPI; NY Fed Manufacturing tops expectations; Fed's Williams says policy is well positioned to hit 2% inflation target; Trump leans toward expanding US…