Oil prices deflate as stock markets cheered the decision to de-escalate in Iran.

I'm David Brancaccia with both countries asserting victory. We're now in the first hours of a two-week ceasefire in the U.S. Iran conflict.

The wholesale price of oil has just plunged nearly 16%. The New York price was pushing

$118 yesterday. At the moment, it's just below $95 a barrel. Dan Coatsworth is head of

markets at the UK-based investment platform, A.J. Bell. Just because we've got a two-week

ceasefire doesn't mean to say this situation has been resolved.

It 100% has not been resolved.

It simply reached a turning point in the narrative.

And I think that the market reaction shows that there's some relief,

but people aren't saying,

few, thank God, this is all now done and dusted.

Two and a half hours before U.S. stock markets open officially.

Dow futures are up more than a thousand points, two and a half percent.

S&P futures are up 2.6 percent.

NASDAQ futures I see are up 3.4 percent now. The VIX index of stock market volatility is down 20%. U.S. Treasury bonds up sharply, the 10-year interest rate down at 4.24%. Now, from markets to the real economy in which we live, it's from my drive down a stretch of Route 66 in the southwest to see what the economy looks like, a hundred years after the storied highway from Illinois to California

came into being. We are now living through ferociously fast technological change, which is

hitting and sometimes missing towns along this route. At the biggest Route 66 town in New Mexico,

I experienced what many experts call

our K-shaped economy. One leg up, one down.

To stop that, get your kicks on Route 66, playing on repeat in my head while on the long road,

little Neil Young does the trick.

In search of fried eggs, the Yelp app gives top marks to a place called Ancora Bakery and Cafe in Albuquerque.

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