Morning Bid: Buy the chip

Jack Caffrey, equity portfolio manager at JPMorgan Asset Management, examines the impact of oil prices on equity markets and what that means for both short-term traders and long-term investors. (Source: Bloomberg)

The Iran war risk premium that swept through crop and fertilizer markets is rapidly evaporating as fears of prolonged supply disruptions fade, easing one of the biggest threats to food inflation.

In an exclusive CNBC survey, 81% of respondents said the cost of living is their biggest financial hurdle to achieving the American Dream.