CNBC Daily Open: UAE leaves OPEC adrift

the uae will leave opec on may 1, energy minister suhail al mazrouei told cnbc they want freedom to hit 5 million barrels per day of capacity by 2027. he said they "have the highest respect for the saudis for leading opec." oil traded around flatline. european bank earnings came in: ubs posted a $3 billion first quarter profit beat, santander net profit surged 60%, deutsche bank also beat. but airbus missed expectations. ceo guillaume faury said airlines aren't cancelling orders over the iran conflict, but called it the start of a possible "long and non-linear crisis." ryanair's michael o'leary said european airlines could fail if jet fuel prices don't fall. all eyes on the fed today — likely powell's final decision and press conference. the senate banking committee is expected to vote on advancing kevin warsh's nomination as chair.