⁠Wall St Engine
India’s 🇮🇳 new trade deal with the UK will cut whisky and gin tariffs in half to 75%, and drop auto tariffs to 10% under a quota system. The UK gov says the agreement will phase out tariffs on 85% of UK goods over the next decade, boosting bilateral trade by £25.5B and UK GDP by £4.8B a year by 2040.

INDIA & UK SUCCESSFULLY CONCLUDED FREE TRADE PACT: MODI - Wall St Engine
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⁠Wall St Engine
WHITE HOUSE REMOVES NATIONAL TRANSPORTATION SAFETY BOARD VICE CHAIR ALVIN CHAPMAN
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⁠Wall St Engine
Webull $BULL teams up with Visa to launch real-time fund transfers using Visa Direct. US users can now move money between Webull and external bank accounts in under a minute—no more waiting days with ACH.
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⁠Wall St Engine
*KANSAS CITY FED PRESIDENT JEFF SCHMID TO MISS FOMC MEETING

*FED'S SCHMID MISSES MEETING DUE TO DEATH OF HIS WIFE

*MINNEAPOLIS FED PRESIDENT KASHKARI TO VOTE IN SCHMID'S PLACE
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⁠Wall St Engine
S&P 500 Opening Bell Heatmap (May 06, 2025)

$SPY -1.01% 🟥
$QQQ -1.33% 🟥
$DJI -0.75% 🟥
$IWM -1.10% 🟥
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⁠Wall St Engine
GLOBAL DEBT RISES BY AROUND $7.5 TRILLION TO RECORD HIGH OVER $324 TRILLION IN Q1 2025, IIF GLOBAL DEBT MONITOR SHOWS

EMERGING MARKETS' DEBT-TO-GDP RATIO HITS RECORD HIGH OF 245% IN Q1 2025, SAYS IIF
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⁠Wall St Engine
ROCKSTAR GAMES $TTWO UNVEILS NEW TRAILER FOR ‘GRAND THEFT AUTO VI’
https://t.co/8ZeoJdDaM4
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⁠Wall St Engine
EU ENERGY COMMISSIONER: EVEN IF THERE WAS PEACE BETWEEN UKRAINE AND RUSSIA TOMORROW IT WOULD NOT BE SENSIBLE FOR US TO BECOME RELIANT ON RUSSIAN ENERGY AGAIN
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⁠Wall St Engine
US TREASURY'S BESSENT:

HAS CUT $2 BILLION FROM IRS INFORMATION TECHNOLOGY BUDGET WITHOUT ANY OPERATIONAL DISRUPTIONS

IRS SPENT $450 MLN ON PAPER PROCESSING THIS YEAR, AIMS TO CUT THIS BELOW $20 MLN BY END OF TRUMP SECOND TERM THROUGH AUTOMATION
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⁠Wall St Engine
US TREASURY'S BESSENT:

CURRENTLY NEGOTIATING WITH 17 OF 18 KEY TRADE PARTNERS; CAN SEE 'SUBSTANTIAL REDUCTION' IN TARIFFS ON US GOODS; HAVE NOT ENGAGED WITH CHINA AS OF YET
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⁠Wall St Engine
GERMAN 🇩🇪 CONSERVATIVE LEADER MERZ ELECTED CHANCELLOR BY PARLIAMENT IN SECOND ROUND OF VOTING
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⁠Wall St Engine
BESSENT REPEATS TRADE DEALS MAY COME AS SOON AS THIS WEEK WITH MAJOR TRADING PARTNERS
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⁠Quiver Quantitative
JUST IN: Representative Robert Bresnahan has introduced a new bill to ban congressional stock trading. https://t.co/5rdAvb5xRs
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⁠Wall St Engine
BESSENT: NOTHING IN DATA INDICATES THE US IS IN A RECESSION
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⁠Wall St Engine
US Treasury Secretary Bessent says 80–90% of trade deals with key US partners should be completed by year-end, with a few being announced this week:

“I would think that perhaps as early as this week, we will be announcing trade deals with some of our largest trading partners.” https://t.co/M6hThifQdf
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