{"id":62728,"date":"2026-06-04T17:38:30","date_gmt":"2026-06-04T21:38:30","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-signals-iran-deal-breakthrough-as-lululemon-shares-plunge-on-guidance-cut\/62728\/"},"modified":"2026-06-04T17:38:30","modified_gmt":"2026-06-04T21:38:30","slug":"trump-signals-iran-deal-breakthrough-as-lululemon-shares-plunge-on-guidance-cut","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-signals-iran-deal-breakthrough-as-lululemon-shares-plunge-on-guidance-cut\/62728\/","title":{"rendered":"Trump Signals Iran Deal Breakthrough as Lululemon Shares Plunge on Guidance Cut"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Trump teases an imminent Iran deal<\/strong> with the immediate reopening of the <strong>Strait of Hormuz<\/strong> as a core provision, aiming to restore global energy flow.<\/li>\n<li><strong>Lululemon (<a href=\"\/stock\/LULU\">LULU<\/a>) shares tumbled over 9%<\/strong> in after-hours trading after the company slashed its full-year EPS guidance to <strong>$10.95\u2013$11.15<\/strong>, citing mounting headwinds.<\/li>\n<li><strong>Kohl&#39;s (<a href=\"\/stock\/KSS\">KSS<\/a>) is seeking a $140 million refund<\/strong> on IEEPA tariffs already paid, part of a larger <strong>$190 million<\/strong> tariff recovery effort for fiscal 2025 and 2026.<\/li>\n<li><strong>Todd Blanche will be formally nominated for Attorney General<\/strong>, as President Trump moves to make his former personal lawyer the permanent head of the Justice Department.<\/li>\n<li><strong>UK Prime Minister Keir Starmer<\/strong> has no intention of stepping down, according to his spokesperson, despite a wave of cabinet resignations and local election losses.<\/li>\n<\/ul>\n<h2>Trump Signals Diplomatic Shifts in Iran, India, and Cuba<\/h2>\n<p>President Trump announced on Thursday that the United States is nearing a significant peace agreement with Iran. The President emphasized that the <strong>immediate reopening of the Strait of Hormuz<\/strong> is a non-negotiable &quot;key provision&quot; of the deal, which aims to de-escalate regional tensions that have seen recent missile exchanges between Iran and Gulf neighbors.<\/p>\n<p>Simultaneously, Trump signaled progress on a <strong>trade deal with India<\/strong>, noting that while the country had &quot;taken advantage&quot; of the U.S. for years, the bilateral relationship remains strong. Regarding the Caribbean, the President stated that the administration would <strong>&quot;handle Cuba&quot;<\/strong> only after resolving the Iran crisis, clarifying that current sanctions are aimed at addressing resource scarcity rather than immediate regime change.<\/p>\n<h2>Corporate Outlooks Sour as Lululemon and Kohl&#39;s Face Headwinds<\/h2>\n<p>Lululemon Athletica (<a href=\"\/stock\/LULU\">LULU<\/a>) saw its stock price collapse after-hours following a disappointing Q1 report and a <strong>lowered fiscal 2026 outlook<\/strong>. The athleisure giant now expects annual revenue between <strong>$11 billion and $11.15 billion<\/strong>, down from previous estimates, as it struggles with waning demand in the Americas and increased competition.<\/p>\n<p>In the retail sector, Kohl&#39;s (<a href=\"\/stock\/KSS\">KSS<\/a>) has filed for a <strong>$140 million refund<\/strong> related to IEEPA (International Emergency Economic Powers Act) tariffs. The company revealed it has paid a total of <strong>$190 million in tariffs<\/strong> across fiscal 2025 and early 2026 and is aggressively seeking to recoup these costs to stabilize its balance sheet.<\/p>\n<h2>Political Appointments and Global Stability<\/h2>\n<p>The White House is moving forward with the formal nomination of <strong>Todd Blanche<\/strong> for Attorney General. Blanche, who has served in an acting capacity for two months, faces a potentially bruising Senate confirmation battle due to his history as Trump\u2019s defense attorney and his recent advocacy for a controversial <strong>$1.8 billion &quot;anti-weaponization&quot; fund<\/strong>.<\/p>\n<p>In the United Kingdom, Prime Minister <strong>Keir Starmer<\/strong> is resisting intense pressure to resign following a &quot;mauling&quot; in local elections. Despite the departure of high-profile cabinet members, Starmer\u2019s spokesperson reiterated that the PM has <strong>&quot;no intention of stepping down&quot;<\/strong> and remains focused on his governing mandate through 2029.<\/p>\n<h2>Geopolitical Tensions and Macroeconomic Updates<\/h2>\n<p>Regional volatility remains high as <strong>Iranian General Mohsen Rezaei<\/strong> issued a provocative warning via Fars News, suggesting that if the UAE and Kuwait side with &quot;Zionists,&quot; their territories should be ceded to <strong>Saudi Arabia and Iraq<\/strong>. This rhetoric comes as Kuwaiti air defenses reportedly intercepted multiple Iranian drones and missiles earlier this week.<\/p>\n<p>On the domestic front, the <strong>Federal Reserve<\/strong> released its weekly balance sheet report and an interactive guide for investors. Market participants are closely monitoring these <em>FedData<\/em> releases for clues on liquidity trends as the administration continues to navigate complex trade and tariff negotiations with global partners, including a recent meeting with <strong>automakers<\/strong> that focused on car repair regulations rather than new tariff implementations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Trump teases an imminent Iran deal with the immediate reopening of the Strait of Hormuz as a core 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