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• Senior Israeli Leader Resigns
  Israel’s military intelligence...
  Israel’s military intelligence chief announced his resignation yesterday over failing to prevent Hamas' Oct. 7 cross-border raid that left 1,200 people in Israel dead and more than 250 others taken hostage. Maj. Gen. Aharon Haliva is the first senior Israeli leader to resign over the attack.
  
  The news came as Israel maintains it will advance a full-scale invasion of Gaza's southern border city of Rafah, where more than 1 million Palestinians are sheltering. Meanwhile, a report yesterday found facilities for the UN agency for Palestinian refugees have at times been used for "political or military gains" but that Israel has not provided evidence supporting its claim that 12% of the agency's 13,000 staffers are members of Hamas or other militant groups.
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• ☕️What Else is Brewing Tuesday Morning
  SCOTUS appears ready to side with cities regulating homelessness. During...
  SCOTUS appears ready to side with cities regulating homelessness. During oral arguments yesterday, the majority of the high court seemed prepared to allow cities to ban sleeping outdoors in public spaces even if they don’t provide shelter. The case, considered the most important legal battle concerning homelessness in decades, has created unusual political alliances: Some liberal cities have joined with conservative groups as they try to address public encampments. But the justices appeared divided along more typical ideological lines, with the conservative judges seeming more sympathetic to an Oregon city’s argument that local communities should be able to decide how to handle the problem.
  
  The FTC sued to block a $8.5 billion fashion industry acquisition. Tapestry, parent of Coach and Kate Spade, wants to acquire Capri Holdings, which owns Versace, Jimmy Choo, and Michael Kors.
  
  The Supreme Court will consider whether the Biden administration can regulate “ghost guns,” which people assemble themselves, making them harder for law enforcement to trace.
  
  The head of Israeli military intelligence stepped down over the country’s failure to anticipate the Oct. 7 attack by Hamas, potentially prompting more government resignations. Separately, an independent report found Israel had not provided evidence for its claims that the UN agency that administers humanitarian services in Gaza had been compromised by militants.
  
  Kroger and Albertsons agreed to sell more grocery stores in hopes of winning approval from regulators to merge.
  
  The Rock & Roll Hall of Fame named its latest inductees, and it’s probably the first time Cher, the Dave Matthews Band, and Ozzy Osbourne have been grouped together.
  
  
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• Closing Oil & Gas Prices
  Oil prices declined on Monday, with the global benchmark ending at its...
  Oil prices declined on Monday, with the global benchmark ending at its lowest level since late March as Middle East tensions appeared to ease, calming concerns over potential disruptions to global crude supplies.
  
  Traders also shifted some of their focus back to inflation and the prospect of interest-rate cuts from the Federal Reserve this year.
  
  Benchmark U.S. crude oil for May delivery fell 29 cents to $82.85 per barrel Monday. Brent crude for June delivery fell 29 cents to $87 per barrel.
  
  Wholesale gasoline for May delivery fell 2 cents to $2.69 a gallon. May heating oil rose 2 cents to $2.56 a gallon. May natural gas rose 4 cents to $1.79 per 1,000 cubic feet.
  
  
  
   
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• Dow, S&P 500 score best day in 2 weeks as stocks rebound ahead of tech earnings
  Major U.S. stock indexes finished higher on Monday, kicking off the final...
  Major U.S. stock indexes finished higher on Monday, kicking off the final full week of trade in April on a positive note.
  
  Yields on the benchmark 10-year Treasury note also held steady at around 4.62%, after climbing about 76 basis points from the year's lowest level.
  
  The Dow Jones Industrial Average gained 253.58 points, or 0.7% — closing at 38,239.98 and rising for a third straight session.
  
  The S&P 500 Index rose 43.37 points, or 0.9% — finishing at 5,010.60 and snapping a six-session skid.
  
  The Nasdaq Composite Index advanced 169.30 points, or 1.1%, to end at 15,451.31.
  
  The Dow and S&P 500 logged their best daily percentage gains since April 5, according to Dow Jones Market Data.
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• Analysts Warn Hormuz Closure Would Cause Major Oil and Gas Price Spike
  If tensions between Iran and Israel lead to the closure of the Strait...
  If tensions between Iran and Israel lead to the closure of the Strait of Hormuz this would cause a surge in crude oil and liquefied natural gas prices.  The warning comes from analysts with Indian Motilal Oswal Financial Services.
  
  The danger of Iran closing the Strait of Hormuz, which is off its coast, has been hanging over the international oil market for years. Iran itself has threatened closure on more than one occasion. However, it has never followed up on the threats, likely because closing Hormuz will also close Iran’s own outlet to the oil market.
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