Housekeeping: Good Morning.
Bretton Woods Three is a Process, Not an Event
Today:
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Commentary: Echobay Mines
Markets Yesterday:
US equities advanced on Monday ahead of the Federal Reserve's latest rate decision on Wednesday.
Markets:
Memory Lane…
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Market News:
"Elon Musk wrapped up a trip to China in less than 24 hours and came away with a crucial victory as he pushes to reignite Tesla’s sagging growth Source: WSJ
"Currency traders warned Japan’s government that it will need to repeatedly act to buoy the beleaguered yen given economic forces likely merit further depreciation. Source: Bloomberg
"Federal regulators fined wireless carriers Verizon, AT&T, T-Mobile and Sprint nearly $200 million for sharing customer-location data without consent. Source: WSJ
Geopolitics:
"IDF finalizes Rafah plans, invasion possible if no deal in 72 hours", according to Times of Israel.
An Israeli delegation plans to travel to Cairo to resume ceasefire talks if Hamas agrees to attend, according to NYT.
Israeli PM Netanyahu asked US President Biden to help prevent the ICC from issuing arrest warrants against Israeli officials, according to Axios.
Yemen's Houthis said they targeted the 'Cyclades' vessel and two US destroyers in the Red Sea
Chinese Coast Guard expelled a Philippines Coast Guard ship and vessels from waters adjacent to the Scarborough Shoal.
Shanghai Maritime Safety Administration said military activities will be carried out in a part of the East China Sea from 07:00 AM on May 1st
Some headlines via NewSquawk or DataTrek
Data on Deck:
MONDAY, APRIL 29None scheduledTUESDAY, APRIL 30 9:00 am S&P Case-Shiller home price index (20 cities)
WEDNESDAY, MAY 1 2:00 pm FOMC interest-rate decision 2:30 pm Fed Chair Powell press conference
THURSDAY, MAY 2 8:30 am Initial jobless claims April 27
FRIDAY, MAY 3 8:30 am U.S. employment report April1
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