Citi CEO: most companies are a bit in limbo land, there's a wait-and-see going on. Most can absorb 10% tariffs.

Bessent: 100% expensing for equipment, factories, along with tax certainty and lower energy costs, will accelerate U.S. economic growth

🚨Bessent: We could see substantial progress on trade with China in coming weeks

Bessent: I am highly confident that 17 trading partners excluding China have presented very good trade proposals

Bessent: Fed's favorite inflation measure is down, market isn't pricing in inflation

🚨DOW TURNS POSITIVE, LAST UP 0.2%

US House Unveils Crypto Market Structure Bill

Indonesia's digital ministry has suspended Sam Altman's World (formerly Worldcoin) over alleged registration violations and suspicious activity.

According to CNBC, Donald Trump has two crypto-focused dinners scheduled for this month. The first, titled the "Crypto & AI Innovators Dinner," is taking place tonight, May 5, and is hosted by MAGA Inc. It features guest speaker David Sacks and costs $1.5 million per plate. The second dinner, scheduled for May 22 at Trump National near Washington, D.C., will be open to the top 220 holders of the TRUMP meme token, selected through a blockchain-based contest.

@bullcase

IMF's Georgieva: China needs to embrace services and pull the state out of parts of the economy where it does not belong. We have been vocal about China’s need to fix the property crisis and shift from exports to consumption.

🚨The IRS has lost 31% of its auditors following layoffs and buyouts tied to Elon Musk's DOGE. Over 3,600 revenue agents and thousands more staff across tax enforcement roles have departed, largely impacting newly hired auditors supported by President Biden's funding boost. -sources

@bullcase

Wells Fargo Securities' Christopher Harvey: steadfast in projection for the S&P 500 to end 2025 at 7,007

🚨COMMUNICATION APP USED BY TRUMP ADVISER SAYS IT IS TEMPORARILY SUSPENDING SERVICES FOLLOWING REPORTED HACK

Brazil's Haddad: We are interested in getting closer to the US and we will do so with the Trump administration

🚨Cz when asked about BTC top this cycle: somewhere between $500k and $1M

🚨SEC DELAYS CANARY SPOT LITECOIN ETF

@bullcase

The USD at its lowest level against the Chinese Yuan in about 6 months

US Bitcoin spot ETF saw a net inflow of $425.45 million on May 5 2025

China Foreign Ministry, on US CIA videos: China will take certain necessary measures to crack down on infiltration and sabotage activities of foreign anti-China forces.

Loomis Sayles global macro strategist Bo Zhuang: U.S. and China unlikely to reach a trade agreement in 2025, gives 50% chance for a deal in 2026.