🚨White House's Peter Navarro on China talks: Interesting weekend for the markets.

Navarro: Countries lining up to talk trade with the US.

Fed’s Williams: Now is a time of great uncertainty and change.
*Central bank independence delivers better outcomes.

🚨Trump: Many trade deals in the hopper.

🚨🚨White House economic adviser Hassett: UK trade deal is framework for future deals
*24 other trade deals are close to being resolved.
*Everything going on with Swiss meeting with Chinese is positive - CNBC interview. [BTC ATH if deal announced in the weekend]

🚨China exports to the US drop -21% y/y in Apr showing the impacts of the Trump tariffs (and US imports fell -14% showing the impact of the China tariffs), but overall China exports were +8.1% well above forecasts showing likely trade diversion to neighbors for reexport to the US. [the trade war is fake]

WTO spokesperson on US-China trade talks in Geneva this weekend: Director-General welcomes talks as a positive and constructive step toward de-escalation.
*Sustained dialogue between the world’s two largest economies is critical to easing trade tensions.

🚨Taiwan Congressman urges government to buy Bitcoin as a Strategic Reserve. [right after the Taiwanese dollar pumped 8% in 2 days]

Trump: Costs down, no inflation.

🇨🇭🇺🇸Swiss President Keller-Sutter: Switzerland might be next country to sign US tariff deal.
*Have the impression U.S. is seeking tailor-made solutions with individual countries.
*Talks with Americans were encouraging.

🚨🚨Swiss Economy Minister Parmelin: It is possible that the US and China agree to a mutual suspension of customs duties (tariffs) for the duration of the talks.

🚨Coinbase announces 24/7 trading for futures in the US -announcement [ready for #1 spot on the App Store]

🚨Japan's Metaplanet issues $21.25M zero-interest bonds to fund BTC purchase.

🚨Stripe introduces stablecoin financial accounts in 101 countries: deposit funds via wire and convert automatically into stables USDC or USDB -source

Stablecoin financial accounts means that all fiat deposits go into buying US Treasury bonds that back USDC and USDB. This is the stablecoin driven hyperdollarization we've been talking about, in action. @bullcase

US rent inflation expectations sharply higher

🚨NY Fed Consumer Survey: Year-ahead expectations for households' financial situations "deteriorated sharply" in April with the share reporting they expected conditions to be worse a year from now the highest since Oct '22. [They fell for the tariff FUD]

China sends Xi’s security czar [the fentanyl guy] to trade talks with US - WSJ

🚨WSJ: China's Foreign Minister Wang Yi will accompany Chinese Vice Premier He Lifeng to Switzerland [to announce the tariff pause with Bessent]

Trump's family stablecoin $USD1 is taking over BNB Chain, reaching over $2B in market cap and becoming the second-largest stablecoin after USDT