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| | | | A shocking number of our readers have no idea what to do if WW3 breaks out. Anyway, where do you land in the biggest debate of our time — Road House vs Red Dawn? |
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📰 Market Headlines |
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Tesla will slash 10% of its global workforce to cut costs after weak Q1 delivery numbers. Stock slumped 5%. The S&P 500 slipped under 5,100 closing down 1.2%. Its two-day loss of 2.6% was the biggest in a year. The Dow has fallen for six straight trading days. US retail sales jumped 0.7% in March, compared to February boosted by online shopping. This crushed the 0.3% expectation. Wells Fargo upgraded its 2024 US GDP growth forecast up from 1.3% to 2.4%. Jury selection began in Trump's historic hush money trial. Unconcerned, the former president appeared to nap through it.
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
This is not going well. |
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📈 Trends you need to know | |
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Global views on the Road House vs Red Dawn debate are deeply divided. |
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🧠 What do you think? |
💬 Have your say |
Yesterday’s poll results got me thinking about the Red Dawn remake, where (originally) Chinese troops, backed by Russia, invaded the US. The baddies were changed to North Koreans in post-production so the film could be screed in China. |
I also just saw the Roadhouse remake. |
What's the better (less bad) remake? |
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🎤 What you said last time |
I’d love to meet the three of you who think OJ didn’t do it. |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Charles Schwab beat revenue estimates thanks to a 21% jump in asset management fees, bolstering shares up 3%. Goldman Sachs crushed earnings expectations with a 31.7% EPS increase as a rebound in merger deals boosted revenue 16.3%; shares surged 5.4%. The Vampire Squid wins again. Salesforce dropped 7% on reports it is in talks to acquire data-management firm Informatica for around $10 billion.
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Market movers |
Apple fell 2.19% after news it lost the top phone maker badge to Samsung. Its iPhone sales dropped 10% in Q1. Trump Media shares plummeted over 18% after the company filed to issue millions of additional shares. The Biden administration awarded Samsung $6.4 billion in grants to boost chip production in Texas. UPS is eliminating 206 jobs at its New Stanton warehouse amid plummeting shipping volumes.
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Ideas, trends, and analysis |
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🌍 Global Perspectives | 🇮🇱🇮🇷 Israel's war cabinet debated how to respond to Iran's missile and drone attack. The US urged restraint. 🇬🇭 Ghana's ruling party’s presidential candidate took a strong anti-gay stance, potentially losing the country $3.8 billion in World Bank funding. 🇻🇳 Apple CEO Tim Cook arrived in Vietnam as the tech giant looks to diversify production away from China. 🇸🇬 Singapore's Prime Minister Lee Hsien Loong will hand over power to successor Lawrence Wong on May 15. 🌍 The World Bank warned of a "historical reversal" of development for the poorest nations.
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📊 Crypto | | Bitcoin hit its lowest price in over three weeks, dropping under $63,000. Multiple Hong Kong Bitcoin ETF applicants claimed approval on WeChat and then retracted. But a Hong Kong Bitcoin ETF would be tiny, with only an expected 500 million in Assets Under management.
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🧠 Errata | For the first time since 2001 the majority of polled Americans said they are not getting enough sleep. A kid stumbled upon the rare fossil of a giant sloth. A Colorado funeral home couple was charged with COVID fraud after authorities discovered 190 decaying bodies on the premises. A NASA photographer captured pink flames ten times the diameter of the Earth erupting from the sun during a solar eclipse.
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📺 What to Watch Today |
Pain don’t hurt. |
 | Roadhouse -Family Guy- |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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