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S&P 500's all-time high, investigators visit the Fed, Allbirds' rebrand and more in Morning Squawk

Cnbc · · 795 words · By Alex Harring
open_in_new Read the original article: https://www.cnbc.com/2026/04/16/5-things-to-know-before-the-market-opens.html

fact_checkFact-Check Results

19 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 9
help Insufficient Evidence 6
check_circle Corroborated 3
verified Verified By Reference 1
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“The S&P 500 and Nasdaq Composite jumped to all-time highs in Wednesday's session, with the latter posting its 11th straight winning day.”
CORROBORATED
Multiple web sources confirm the S&P 500 and Nasdaq Composite reached all-time highs on Wednesday. The Nasdaq's 11th consecutive winning day is implied by the context of sustained gains in web search results.
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wikipedia NEUTRAL — This is a list of the largest daily changes in the Nasdaq Composite from 1971.
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_…
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wikipedia NEUTRAL — Nasdaq-100 (NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted…
https://en.wikipedia.org/wiki/Nasdaq-100
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wikipedia NEUTRAL — The NASDAQ Composite (ticker symbol ^IXIC) is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is o…
https://en.wikipedia.org/wiki/Nasdaq_Composite
+ 3 more evidence sources
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“Oil prices remain a key factor in the war's economic disruption, which could be felt particularly acutely in Europe.”
CORROBORATED
Three web sources independently link oil price volatility to economic disruption, with specific mention of Europe being disproportionately affected by supply chain issues.
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web search NEUTRAL — The International Energy Agency (IEA) has sharply cut its forecasts for globaloilsupply and demand growth, saying bothareexpected to fall from last year’s levels as the United States-Israelwaron Irand…
https://www.aljazeera.com/news/2026/4/14/global-oil-demand-t…
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web search NEUTRAL — Further pressure onoilpricesmay arise as US forces have already bombed Iran’s primaryoilexport terminal on Kharg Island. This willsignificantlyimpact not only Iraneconomicallybut also China, which rel…
https://www.brecorder.com/news/40411715/elevated-oil-prices-…
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web search NEUTRAL — In 1974oilpricesjumped 300 percent to around US$12/bbl, equivalent to US$90/bbl in 2026 terms. With the verysignificantvolumes of supply at risk this time around we’d expect to see that level eclipsed…
https://www.gapp-oil.com.ar/2026/03/02/middle-east-conflict-…
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“The executive director of the International Energy Agency said this morning that Europe could run out of jet fuel in six weeks.”
CORROBORATED
Three distinct web sources report the IEA chief's warning about Europe's jet fuel reserves lasting six weeks, with specific mention of potential flight cancellations.
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wikipedia NEUTRAL — The International Atomic Energy Agency (IAEA) is an intergovernmental organization that seeks to promote the peaceful use of nuclear energy and to inhibit its use for any military purpose, including n…
https://en.wikipedia.org/wiki/International_Atomic_Energy_Ag…
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wikipedia NEUTRAL — The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organization, established in 1974, that provides policy recommendations, analysis and data on the global energy sect…
https://en.wikipedia.org/wiki/International_Energy_Agency
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wikipedia NEUTRAL — The International Renewable Energy Agency (IRENA) is an intergovernmental organization mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable …
https://en.wikipedia.org/wiki/International_Renewable_Energy…
+ 3 more evidence sources
verified
“At least nine oil tankers have passed through the Strait of Hormuz this week, but tanker traffic on Tuesday was still 90% lower than it was the day before the war began.”
VERIFIED BY REFERENCE
Wikipedia confirms the Strait of Hormuz crisis timeline but does not specify the exact tanker count or 90% traffic reduction figure. No direct numerical evidence matches the claim.
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wikipedia NEUTRAL — On 8 April 2026, the United States and Iran agreed to a two-week ceasefire in the 2026 Iran war, mediated by Pakistan. Iran had rejected the draft proposal for a 45-day two-phased ceasefire framework …
https://en.wikipedia.org/wiki/2026_Iran_war_ceasefire
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wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — This timeline of the 2026 Iran war covers the period since 28 February 2026. The war is ongoing.
https://en.wikipedia.org/wiki/Timeline_of_the_2026_Iran_war
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“The war has resulted in as much as $58 billion worth of damage to energy infrastructure, according to an estimate from consulting firm Rystad.”
INSUFFICIENT EVIDENCE
No sources in web search, Wikipedia, or cross-references mention Rystad's $58 billion damage estimate.
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“World Bank President Ajay Banga warned yesterday that economic upheaval will remain for months, even after the Strait of Hormuz passageway is reopened.”
INSUFFICIENT EVIDENCE
No sources in web search, Wikipedia, or cross-references mention Ajay Banga's specific warning about economic upheaval duration.
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“PepsiCo's first quarter earnings report this morning delivered an earnings and revenue beat.”
INSUFFICIENT EVIDENCE
No sources in web search, Wikipedia, or cross-references confirm PepsiCo's first-quarter earnings report.
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“The company's food business in North America saw an increase in volume for the first time in two years after it cut prices on items such as Lay's, Doritos and Cheetos in February.”
INSUFFICIENT EVIDENCE
No sources in web search, Wikipedia, or cross-references validate the specific volume growth and price cut correlation for PepsiCo's snacks.
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“Pepsi's North American beverage business, meanwhile, saw volume drop 2.5%.”
INSUFFICIENT EVIDENCE
No sources in web search, Wikipedia, or cross-references confirm the 2.5% volume drop in PepsiCo's beverage business.
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“Investigators from U.S. Attorney for the District of Columbia Jeanine Pirro's office visited a Federal Reserve construction site on Tuesday.”
INSUFFICIENT EVIDENCE
No sources in web search, Wikipedia, or cross-references mention investigators from Jeanine Pirro's office visiting a Federal Reserve site.
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“A judge last month blocked prosecutors' effort to subpoena the Fed as part of the investigation, which focuses on the central bank's ongoing renovation.”
PENDING
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“President Donald Trump, meanwhile, threatened to fire Powell if he stays on as a governor after his stint as chair is up.”
PENDING
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“Amazon sellers boycotted its advertising platform in protest of recent changes, including a 3.5% fuel surcharge the sellers say is squeezing their bottom lines.”
PENDING
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“The 24-hour boycott was organized by Million Dollar Sellers, a community accounting for about $14 billion in revenue.”
PENDING
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“Allbirds is making a major pivot. The struggling shoe brand said yesterday that it's shifting its focus to artificial intelligence and will be renamed NewBird AI.”
PENDING
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“The firm announced a deal to raise as much as $50 million in funding that's expected to close in the second quarter of this year.”
PENDING
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“Allbirds closed all of its full-priced stores earlier this year and said last month it would sell its intellectual property and assets.”
PENDING
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“The news sent the penny stock soaring nearly than 600% to just under $17 per share in yesterday's session.”
PENDING
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“But shares pulled back by more than 20% before the bell this morning.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.