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

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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.

Bo Zhuang: China expected to continue its non-tariff retaliatory measures, such as imposing tariffs on rare earth minerals. Additionally, there is a possibility that China may begin to actively use its anti-monopoly laws to effectively undermine the business operations of US companies in China.

China's Xi: Stands ready to work with European Council, European Commission to deepen strategic communication, enhance understanding and mutual trust, properly handle frictions and differences

Goldman Sachs strategist Peter Oppenheimer: recent sharp equity market rebound is characteristic of bear market rallies. No strong long-term bullish or bearish conviction among investors, uncertainty remains the key market driver

🚨EU warns 97% of its US exports at risk as Trump tariff probe escalates to €549B. The US is considering imposing tariffs on lumber, pharmaceuticals, semiconductors, critical minerals, and trucks, potentially affecting an additional €170 billion in EU exports, roughly 97% of the bloc’s total exports to the US.