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Wall Street Breakfast

Earnings season begins as Trump threatens Hormuz blockade

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 12 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Big banks and tech names kick off earnings season this week. (0:17) Trump orders U.S. to block Strait of Hormuz shipping traffic. (1:13) Fed Beige Book and speakers guide rate outlook this week. (2:00)  

Show Notes
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's

0:09.9

market-moving events, along with the weekend's top news and analysis.

0:14.1

Hello, today is Sunday, April 12th, and I'm your host, Kim Khan.

0:17.7

It's that time again when per share echoes across Wall Street.

0:21.3

Earning season begins this week with the big banks alongside a couple of major tech names.

0:25.9

Goldman Sachs kicks things off Monday. Tuesday brings J.P. Morgan Chase, Wells Fargo,

0:30.7

Citigroup, and BlackRock. Bank of America and Morgan Stanley follow Wednesday.

0:35.1

Later in the week, results from Taiwan's semiconductor,

0:42.9

Netflix, and Pepsi will offer insight into global demand, tech spending, and consumer trends.

0:49.0

Netflix reports Thursday, with analysts expecting EPS of 77 cents on revenue of just above $12 billion. With the Warner Brothers acquisition saga behind it, focus has shifted back to core growth drivers, advertising, content, and engagement.

0:58.1

Ad revenue will hinge in part on traction in live sports,

1:01.2

while the company's recent subscription price increases

1:03.4

will also be closely watched for signals on pricing power and capital allocation.

1:08.5

Also on the calendar, Johnson & Johnson reports Tuesday and ASML on Wednesday.

1:13.6

In geopolitics this weekend, President Donald Trump said the U.S. would move to block maritime traffic

1:18.9

through the Strait of Hormuz after negotiations with Iran collapsed in Islamabad.

1:23.6

In a post, Trump said the Navy would begin efforts to stop vessels from entering or leaving

1:28.0

the key shipping lane, framing the move as a response to escalating tensions.

1:32.3

The announcement followed the breakdown of marathon talks involving Vice President

1:36.0

J.D. Vance and Envoy's Steve Whitkoff and Jared Kushner, who spent nearly a full day negotiating

1:41.5

with senior Iranian officials. The discussions, brokered by

1:44.7

Pakistan, were aimed at ending a six-week conflict, but failed to produce an agreement, leaving

...

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