STOCKS/ECONOMY
-Stock futures are solidly higher as investors cheer more calming news on the trade front. This comes after rising interest rates shook the markets for much of last week.
-The yield on the 10-year Treasury bond is down to 4.47 percent.
-Gold is down to the $3,286 per ounce level. Bitcoin is at the $109,800 level.
-Asian markets closed mostly higher today. The Nikkei rose 0.5 percent, the Hang Seng gained 0.4 percent, and the Shenzhen fell 0.6 percent.
OIL/ENERGY
-U.S. crude prices are down and at the $61 a barrel level.
-Gasoline prices are at $3.17 a gallon, national average.
TARIFF DELAY
-President Trump says he will delay at least until July the 50 percent tariffs he is planning to put on goods imported from E.U. countries. In response, the E.U. has agreed to put trade talks with the U.S. on a faster track.
MOVING AMERICA
-Average used car prices are above $30,000 in the U.S. for the first time since 2023. This is due to tariff issues squeezing supplies of new cars for many brands.
-Southwest Airlines (LUV) will begin charging $35 for a first checked bag beginning tomorrow. Its shares are up 3 percent in the premarket.
MERGER MANIA
-Salesforce (CRM) is buying cloud data company Informatica (INFA) for $8 billion. Salesforce shares are up 1 percent in the premarket, Informatica shares are up 6 percent.
LOSING CHARGE
-Tesla (TSLA) sold 7,261 cars in Europe in April, down 49% year on year. Tesla shares are still up 2 percent in the premarket.
HOUSE POOR
-Modular home maker Champion Homes (SKY) reported weaker than expected quarterly profits and revenues. Its shares are down 2 percent in the premarket.
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