US Morning News Call | US Temporarily Authorizes Purchase of Russian Oil Stranded at Sea

🔔Before the Bell

Stock futures rose slightly on Friday as investors awaited key Core PCE data, with $Brent Last Day Financial Futures (MAY6) (BZmain.US)$ holding near $100.

$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went up by 0.17%;

$E-mini S&P 500 Futures (MAR6) (ESmain.US)$ went up by 0.17%;

$E-mini Dow Futures (MAR6) (YMmain.US)$ went up by 0.2%.

US Treasury Temporarily Authorizes Purchase of Russian Oil Stranded at Sea

Treasury Secretary Scott Bessent announced temporary authorization for countries to purchase Russian oil already in transit at sea until April 11. The measure aims to stabilize global energy markets amid Middle East tensions.

White House Considers Jones Act Waiver to Speed Oil and Food Shipments

President Trump is considering waiving the Jones Act for a limited period to ensure vital energy products and agricultural necessities flow freely to U.S. ports amid ongoing conflict with Iran.

Meta Reportedly Delays ‘Avocado’ AI Model Launch After Internal Tests Show It Lagging Rivals

The New York Times reports that $Meta Platforms (META.US)$ has pushed Avocado’s release to at least May after internal evaluations found it behind top models from Google, OpenAI and Anthropic in reasoning, coding and writing. Meta has also discussed potentially licensing Google’s Gemini to power some AI products, though no decision has been made.

🪙Crypto News

$Bitcoin (BTC.CC)$ climbed +3.11% to 72357.45;$Ethereum (ETH.CC)$ climbed +3.07% to 2128.79.

Bitcoin Open Interest Surges to 88,000 BTC as Leverage Re-Accumulates

CoinGlass reports Bitcoin open interest has risen to approximately 88,000 BTC as leverage builds up again following recent liquidations, indicating returning market volatility potential.

📆Market Events

Key Economic Events

08:30 GDP (QoQ) (Q4)

08:30 Core PCE Price Index (Jan)

Read More: Rate Cuts Repriced: War Premium, PCE Risk, and the 2026 Playbook