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Fortune
Fortune
Jim Edwards

Apple stock sinks as hopes that new CEO John Ternus will launch a high-end, ‘all-glass’ iPhone are shattered

John Ternus Apple
Photo: Apple CEO John Ternus. (Credit: Photo by Monica Schipper/WireImage)

Good morning. On Fortune’s radar today:

  • Apple stock takes a hit after ‘all-glass’ iPhone canceled .
  • Crude awakening: Oil over $90, again.
  • The stock market will test Warsh but don’t panic—the S&P 500 is going to 8,080, analyst says.
  • Iran is behaving as if it has already won the war.
  • AI capex: There’s more than you think.
  • It’s not on the same scale as the S.S. Californian’s failure to respond to the Titanic, but it does involve Mark Zuckerberg .

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