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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This story was originally featured on Fortune.com

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