{"id":72131,"date":"2026-09-23T07:38:15","date_gmt":"2026-09-23T11:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-morning-trump-weighs-diesel-export-ban-general-mills-beats-estimates\/72131\/"},"modified":"2026-09-23T07:38:15","modified_gmt":"2026-09-23T11:38:15","slug":"market-morning-trump-weighs-diesel-export-ban-general-mills-beats-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-morning-trump-weighs-diesel-export-ban-general-mills-beats-estimates\/72131\/","title":{"rendered":"Market Morning: Trump Weighs Diesel Export Ban; General Mills Beats Estimates"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump<\/strong> is considering a <strong>ban on U.S. diesel exports<\/strong> to combat record-high domestic fuel prices, which have surged to a national average of <strong>$6.53 per gallon<\/strong>.<\/li>\n<li><strong>General Mills (<a href=\"\/stock\/GIS\">GIS<\/a>)<\/strong> reported Q1 fiscal 2027 adjusted EPS of <strong>$0.75<\/strong>, surpassing analyst estimates of <strong>$0.72<\/strong>, though net sales fell <strong>3%<\/strong> year-over-year to <strong>$4.39 billion<\/strong>.<\/li>\n<li><strong>HSBC (<a href=\"\/stock\/HSBC\">HSBC<\/a>)<\/strong> raised its 2026 year-end <strong>FTSE 100<\/strong> target to <strong>11,390<\/strong> from <strong>10,980<\/strong>, citing strong earnings outlooks and banking sector resilience.<\/li>\n<li><strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> now expects the <strong>Bank of England<\/strong> to hike interest rates by <strong>25 basis points<\/strong> in both November 2026 and February 2027, reversing a previous &quot;unchanged&quot; forecast.<\/li>\n<li><strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> has officially launched the <strong>iPhone 18 Pro<\/strong>, featuring the <strong>A20 Pro chip<\/strong> and a new <strong>48MP Fusion camera<\/strong> with variable aperture.<\/li>\n<\/ul>\n<h2>Energy Markets Braced for Export Restrictions<\/h2>\n<p>The <strong>Trump administration<\/strong> is actively weighing a ban on diesel exports as fuel prices continue to strain the U.S. economy. President Trump confirmed the discussions at the United Nations, stating that a decision is coming &quot;fast&quot; to address the <strong>83% year-to-date surge<\/strong> in diesel costs. While proponents argue the move would lower domestic prices, industry groups like the <strong>American Petroleum Institute<\/strong> warn that a ban could &quot;blindside&quot; refiners and inadvertently spike global energy costs by restricting U.S. supply.<\/p>\n<p><em>Market analysts remain skeptical of the proposal&#39;s long-term efficacy.<\/em> Experts from the <strong>Federal Reserve Bank of Dallas<\/strong> cautioned that while Midwest prices might see short-term relief, coastal regions\u2014which rely on international trade flows\u2014could face even steeper price spikes. The <strong>U.S. Chamber of Commerce<\/strong> added that as the world&#39;s largest diesel exporter, a U.S. ban risks a &quot;cascading effect&quot; that could jeopardize global supplies of gasoline and jet fuel.<\/p>\n<h2>General Mills Navigates Consumer Headwinds<\/h2>\n<p><strong>General Mills (<a href=\"\/stock\/GIS\">GIS<\/a>)<\/strong> delivered a mixed but better-than-expected first-quarter performance for fiscal 2027. The company posted <strong>$4.39 billion<\/strong> in net sales, slightly ahead of the <strong>$4.35 billion<\/strong> consensus, despite a <strong>7% decline<\/strong> in its North America Retail segment. This drop was primarily attributed to the divestiture of its U.S. yogurt business, though organic net sales remained flat, showing sequential improvement from fiscal 2026.<\/p>\n<p>The company reaffirmed its full-year outlook, targeting <strong>adjusted diluted EPS of $3.00 to $3.20<\/strong>. Management highlighted that its cost-savings program is on track to deliver <strong>$750 million<\/strong> in productivity gains this year. <em>Investors responded cautiously to the report<\/em>, as higher input costs and lower volumes continue to pressure adjusted operating profits, which fell <strong>11%<\/strong> in constant currency during the quarter.<\/p>\n<h2>Shift in Global Monetary and Equity Forecasts<\/h2>\n<p>Financial institutions are recalibrating their outlooks for the U.K. and European markets. <strong>HSBC (<a href=\"\/stock\/HSBC\">HSBC<\/a>)<\/strong> analysts upgraded their <strong>FTSE 100<\/strong> price target to <strong>11,390<\/strong>, signaling confidence in the index&#39;s heavyweights. Simultaneously, <strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> shifted its stance on the <strong>Bank of England<\/strong>, projecting two upcoming rate hikes to combat stubborn inflation, which reached <strong>3.1%<\/strong> in August 2026.<\/p>\n<p>In the technology sector, <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong> is seeing strong initial interest in its <strong>iPhone 18 Pro<\/strong> lineup. The new devices boast a <strong>6-hour increase<\/strong> in battery life for the Pro Max model and a <strong>2nm A20 Pro chip<\/strong> designed for advanced AI capabilities. <em>The launch comes at a critical time for Apple<\/em>, as it seeks to maintain its lead in the premium smartphone market amid rising competition and evolving consumer AI demands.<\/p>\n<h2>Geopolitical Tensions Escalate in the Middle East<\/h2>\n<p><strong>Houthi officials<\/strong> in Yemen have issued a stern warning, threatening to attack all <strong>U.S. interests<\/strong> in the region if Washington provides military backing to <strong>Saudi Arabia<\/strong>. The threat follows Houthi territorial gains along the Red Sea coast, which have given the group control over the strategic <strong>Bab el-Mandeb strait<\/strong>. While the U.S. recently approved a <strong>$24.3 billion<\/strong> sale of <strong>F-35 fighter jets<\/strong> to Riyadh, the administration has so far resisted direct military intervention in the renewed conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump is considering a ban on U.S. diesel exports to combat record-high domestic fuel prices, which have 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