The Rundown
The Rundown

Amazon Working on AI Smartphone, Super Micro Founder Charged for Smuggling Nvidia Chips

March 20, 2026

AI Summary

5 min read

Markets dipped amid geopolitical tensions from the Israel-Iran conflict, but recovered partially after Israeli Prime Minister Benjamin Netanyahu indicated a quicker end to the war and aid in reopening the Strait of Hormuz. Oil prices eased to around $110 per barrel for Brent crude from a recent $119 peak, though Saudi officials project potential spikes to $180 or even $200 if disruptions persist into late April—levels nearing or exceeding the 2008 all-time high of $146. Gold suffered its worst week since 1983, dropping 6% Thursday to $4,600 an ounce and 13% from its January peak, as higher interest rates from central banks signal no imminent cuts despite inflation risks, making yield-bearing assets like bonds more appealing than gold as a safe haven.

Continue reading the full summary in the app — free to try.

Read Full Summary →

Free • No credit card required

Listen to Audio Summary Open in App

What you'll learn

  • 1 (00:43) **Stock Market Close** - S&P 500 and Nasdaq down 0.3% for second day, but rebound from 1% drop.
  • 2 (01:12) **Oil Prices Update** - Brent crude at $110/barrel, down from $119 peak.
  • 3 (01:50) **Gold's Sharp Decline** - Drops 6% to $4,600/oz, worst week since 1983 (down 13% from Jan high).
  • 4 (03:00) **FedEx Earnings Beat** - Crushes revenue/earnings estimates, raises full-year profit outlook.
  • 5 (03:41) **FedEx Economic Outlook** - CEO says demand unchanged in early March, fuel surcharges offset oil rise.
  • 6 (04:45) **Amazon AI Smartphone Revival** - Reuters reports new phone attempt after 2014 Fire Phone flop.
  • 7 (05:34) **AI Hardware Landscape** - OpenAI with Jony Ive on mystery device; Meta pushes AI glasses.

+ Full timestamped outline available in the app

Show Notes

Market update for Friday March 20, 2026

Check out the Public app for incredible investing tools and to support the show (LINK)

Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions.

In today’s episode:

  • FedEx earnings signal economy still holding up

  • Amazon working on AI-powered smartphone comeback

  • Super Micro stock plunges after smuggling charges

  • Firefly Aerospace surges on strong growth

  • Tesla Semi wins over truckers

The Rundown

More from this podcast

The Rundown →