🚨In the past few minutes, heavy armed clashes have been reported between Pakistani and Indian forces across the Line of Control (LoC) in the disputed Kashmir region.

WH: Amazon's plan to show the extra cost of goods due to tariffs is a "hostile act". Amazon has partnered with a Chinese propaganda arm. This is another reason Americans should buy American.

Citi CEO Jane Fraser: the world is on the cusp of "deep structural change" [she means stablecoin fueled shift toward hyperdollarization]

China waives tariffs on US ethane imports -sources

Consumer Confidence from the Conference Board has nosedived in Q1. It tends to correlate well with the unemployent rate

48.5% of consumers now expect stocks to fall over the next 12 months. The most pessimistic since October 2011

WH: Trump administration plans to ease the impact of automotive tariffs. While the 25% tariffs on imported vehicles will remain, new measures will prevent additional tariffs, such as on steel and aluminum, from accumulating. President Trump will sign an executive order later in the day

Year ahead median inflation expectations continue to soar, at 6% in April

Amazon denies tariff label plans

Pfizer CEO cautiously optimistic pharma will avoid tariffs.

Wells Fargo CEO: We see concerns playing out in the market and the economic uncertainty related to tariffs.

Bessent: I believe that it's up to China to de-escalate, because they sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable

🇵🇰🇮🇳An all-out war is not likely. But a limited conflict at LoC and/or int'l boundary is likely. A lot depends on what the Indian response is and how it is executed. -FJ [Pakistan has got nukes. A little skirmish could make good FUD]

GS: bullish Gold, bearish confidence in US

🚨LUTNICK: TARIFF WILL APPLY TO FOREIGN CAR MAKERS BUILDING CARS IN US [when yields go down, Lutnick comes up]

1inch launches on Solana, aims to enable cross-chain swaps and enhance liquidity -announcement

China's foreign ministry has released a video on the trade war: China will not kneel. [Please don't]

Martin Wolf: US is undermining its own global standing in its economic confrontation with China. Under Trump, trade policies have become erratic and isolationist, alienating allies and weakening trust.

Fitch Ratings: Mass deportations will likely increase labor costs for several US sectors.

🚨SEC delays Franklin Templeton spot XRP ETF until June 17.