Please stay tuned for important disclosure information at the conclusion of this episode.

Hello. Hello. Hello and welcome to the Morning Filter podcast.

I'm Susan Jubinsky with Morningstar.

Every Monday before market open, I sit down with Morningstar chief U.S. market strategist Dave Sikara to talk about what investors should have on their

radars for the week, some new Morning Star research, and a few stock ideas. Now, before we get

started this week, we have a programming note for our audience. We dropped a bonus episode of

the morning filter last week. I sat down with Morningstar Senior analyst Greg Warren to talk about Berkshire Hathaway

now that Warren Buffett is no longer CEO. Now, if you miss the bonus episode, you can find it

wherever you get your podcasts. All right, Dave, well, good morning. Let's discuss the impact the

war in Iran is having on markets. We saw the price of oil skyrocket last week and over the

weekend, too, and U.S. stocks have fallen. So unpack the market's response for our audience.

Hey, good morning, Susan. So unfortunately, it looks like the military action in Iran has not abated.

And in fact, from what I can tell, it seems to be in this stage where it's either getting

worse or expanding from what we've already seen. So taking a look at the futures markets,

you know, pre-market open this morning. Now, it's not nearly as bad as it was when I went to bed last

night, but it still looks like it's going to be a pretty ugly open. Last I checked, the S&P 500

futures were down over 1%. And oil was up 13%. And of course,

as we've talked about the last couple weeks, it's all about oil prices. I mean, the market is just

acutely aware of the importance of oil. So depending on how high and for how long oil prices

are elevated, you'll have a very adverse impact on the economy.

Now, I also got a lot of people asking questions about, you know, what's the market pricing

in for how long, you know, the military action is going to be ongoing.

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