⁠Wall St Engine
FED POWELL: WE DON'T SEE BIG ECONOMIC EFFECTS IN THE DATA YET; PEOPLE ARE WORRIED, BUT SHOCK HASN'T HIT YET
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⁠Wall St Engine
POWELL: THE DEBT IS ON AN UNSUSTAINABLE PATH
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⁠Wall St Engine
Fed's Powell: “I think they don’t need my advice -- and our advice -- on how to do fiscal policy. Any more than we need their advice on monetary policy.”
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⁠Wall St Engine
Powell says he can’t weigh in directly on the upcoming US-China trade talks in Switzerland but notes we're entering a new phase as the administration kicks off negotiations. Says trade outcomes could “materially change the picture—or not,” but that’s for the administration to do.
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⁠Wall St Engine
FED'S POWELL: BIG SPIKE IN IMPORTS TO BEAT TARIFFS SHOULD REVERSE IN 2Q. LIKELY NET EXPORTS TO HAVE A LARGE POSITIVE CONTRIBUTION TO GDP.
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⁠Wall St Engine
FED'S POWELL: SWINGS IN GDP DATA WON'T REALLY CHANGE THINGS FOR US.
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⁠Wall St Engine
FED POWELL: FOCUS IS ON MAKING BEST DECISIONS FOR AMERICAN PEOPLE
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⁠Wall St Engine
DOUBLELINE'S JEFFREY GUNDLACH:

AS ECONOMY WEAKENS, LONG-TERM RATES COULD GO UP; DON'T TAKE FIRST QUARTER GDP AT FACE VALUE; MIGHT HAVE TO DO YIELD CURVE CONTROL
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⁠Wall St Engine
As the Fed stuck with the “wait and see” stance throughout the conf, Polymarket odds currently show just a 15% chance of no rate cuts in 2025.

Both CME FedWatch and Polymarket are still leaning toward 3 cuts by year-end. https://t.co/J7QUFnS15a
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⁠Wall St Engine
The U.S. is weighing tariff exemptions on strollers and car seats as prices climb for American families. About 97% of strollers and 87% of car seats used in the U.S. are imported from China. Brands like Graco have already hiked prices by 20% amid rising costs.
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⁠Wall St Engine
Gilead Sciences $GILD plans to invest $11B in U.S. R&D and manufacturing, part of a broader $43B economic impact over five years. The move includes new facilities, tech upgrades, & will create around 800 direct & 2,200 indirect jobs by 2028. GILD has already invested $15B in the past decade.
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⁠Wall St Engine
TRUMP TO RESCIND GLOBAL CHIP CURBS AMID AI RESTRICTIONS DEBATE
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⁠Wall St Engine
BREAKING: Trump plans to rescind global chip export restrictions, including Biden-era AI diffusion rule. Officials are preparing the repeal as $NVDA reportedly pushed back hard against the rule and lobbied for its reversal.
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⁠Wall St Engine
S&P 500 Closing Bell Heatmap (May 07, 2025)

$SPY +0.44% 🟩
$QQQ +0.39% 🟩
$DJI +0.70% 🟩
$IWM +0.32% 🟩

S&P 500 Opening Bell Heatmap (May 07, 2025)

$SPY +0.21% 🟩
$QQQ flat ⬜
$DJI +0.39% 🟩
$IWM +0.47% 🟩 - Wall St Engine
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⁠Investing visuals
$AXON Q1 Earnings 🚨

• Revenue $603M vs $586M Est.
• EPS $1.41 vs. $1.24 Est.
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