Morning Juice – US Session Prep (6th May)

Seintment
The dollar fell and Treasuries rose on anticipation that the United States and Iran are making headway in peace talks. Axios reported Wednesday that the White House believes it is close to reaching an agreement with Tehran on a one-page pact to halt the war and lay the groundwork for more formal nuclear negotiations.
Trump said he would postpone an effort to assist stalled ships in exiting the Strait of Hormuz to see if the US and Iran could strike an agreement to end the conflict. The yen soared to its greatest level in over two months. Technology companies are driving global equity gains, as a slew of record profits and transactions show the unrelenting pace of investment in artificial intelligence.

Docket
08:15 ET
US ADP Employment Change
Forecast: 120K | Prior: 62K | Range: 170K / 50K

10:30 ET
Weekly EIA Crude Oil Inventories
Forecast: -3.419M | Prior: -6.234M | Range: 1.5M / -4.371M

Earnings
Warner Bros Q1 2026 Earnings $WB
Estimated Revenue – $8.91B
Estimated EPS – $-0.11

Speaker & Events
9:30 ET
Fed’s Musalem speaks in a moderated discussion at the Mississippi Bankers Association 2026 Annual Convention
No Text, Q&A is expected with a moderator

12:30 ET
Trump and the First Lady participate in a Military Mother’s Day Event

13:00 ET
Fed’s Goolsbee speaks in a panel on financial mistakes at the 2026 Milken Institute Global Conference
Text: TBD, Q&A is expected with a moderator

Good Luck!