Bulls, Bears and the Bell: Oil Prices Hijack the $2,000 iPhone

On this Wednesday, September 9, 2026 edition, co-hosts Joe and Jane walk through a volatile closing session where escalating macroeconomic turmoil and energy spikes overshadowed Big Tech's biggest hardware showcase.In this episode:Apple's Foldable Debut: New CEO John Ternus officially kicked off the "Ternus Era" with the reveal of the $1,999 foldable iPhone Duo, alongside the iPhone 18 Pro and Apple Watch Series 12.Crude Oil Breaches $100: Brent crude surged +3.1% to $100.95/bbl—crossing the $100 mark for the first time since July—following military escalations in the Middle East and maritime disruption in the Strait of Hormuz. Energy majors like Chevron (CVX) and APA Corp (APA) surged while software and consumer sectors fell.Bond Yield Spike & Growth Stock Pressure: The 10-Year Treasury yield hit a fresh 52-week high of 4.836%, driven by an under-sized Treasury buyback and resurfacing inflation fears, putting heavy pressure on software holdings like Alphabet (GOOGL -3.18%) and Salesforce (CRM -3.01%).Market Closing Snapshot: U.S. equities fell for a third consecutive session, with the S&P 500 dropping -0.48% to 7,636.36, the Dow Jones falling -0.77%, and the Nasdaq Composite dropping -0.64%.Fed Rate Hike Odds & Key Data: Markets are now pricing in a 60.4% probability of a Fed rate hike at next week's FOMC meeting as traders brace for tomorrow's August Producer Price Index (PPI) release.Subscribe & Follow: Never miss a post-market breakdown—subscribe to Bulls, Bears and the Bell on Spotify or Apple Podcasts for daily audio updates right after the closing bell.Educational and Informational Purposes Only. The content provided in this podcast, audio overview, and associated show notes is strictly for informational, educational, and entertainment purposes and does not constitute financial, legal, tax, or investment advice. Bulls, Bears and the Bell and its creators are not registered investment advisors or broker-dealers. All market prices, statistics, and economic data cited reflect market conditions at the September 9, 2026 market close. Investments are subject to market risk, including the possible loss of principal. Always conduct independent research and consult a licensed financial professional before making investment decisions.