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Stock impact report

CNBC Daily Open: Soft landing hit by minor turbulence [MSNBC.com]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: MSNBC.com
Just when the coast appeared clear, geopolitical tensions and potential supply chain snarl-ups threaten to turn the soft-landing trajectory into a bumpy one.Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. At a port in the New York-New Jersey area, around 100,000 shipping containers "are literally in limbo in the port," said New York Governor Kathy Hochul."A disruption of a week or two will create some backlogs but the broader consequences will be minimal," said Adam Kamins, economist at Moody's Analytics.Should the work stoppage go on for longer, however, "you're running into businesses that have real shortages and, yeah, they'll absolutely have to raise those prices," said Christopher Ball, economics professor at Quinnipiac University.(Fans of Rao's pasta sauce need not fear, for now. Piper Sandler wrote thatCampbell Soupbought Rao's earlier this yearMeanwhile, oil prices spiked as markets feared Iran, a member of OPEC, would be dragged into a larger c Show less Read more
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