Iran, Berkshire Hathaway earnings, OpenAIs Pentagon deal and more in Morning Squawk
Summary
A U.S.-Israeli strike that killed Iran's supreme leader and subsequent retaliatory actions rattled markets, sending futures lower, boosting gold and defense and energy stocks, and disrupting air travel. Berkshire Hathaway reported a near 30% drop in operating earnings, with investors largely approving new CEO Greg Abel's first shareholder letter and strategy. In AI news, Anthropic pushed back on Pentagon usage demands while OpenAI announced a Department of Defense deal with similar guardrails, and Anthropic’s Claude app surged in Apple’s free app charts. Consumer trends showed a K-shaped recovery: luxury gym Life Time saw higher spend per member while value chain Planet Fitness signaled softer demand. The piece also highlights upcoming corporate earnings and macroeconomic data to watch this week.