STOCKS/ECONOMY
-Stock futures are lower after Wednesday's 2,963-point massive rally for the Dow, larger 9.5 percent surge for the S&P 500, and a 12.1 percent spike higher for the Nasdaq. Investors are giving back about a 15 percent worth of Wednesday's gains this morning on renewed trade fears.
-Consumer inflation fell to an annual rate of 2.4 percent in March, when a 2.6 percent annual rate was expected.
-The yield on the 10-year Treasury bond is at 4.30 percent.
-Gold is up to the $3,143 per ounce level. Bitcoin is at the $81,500 level.
-Asian markets closed much higher today, led by a 9.1 percent rally for the Nikkei. The Hang Seng rose 2.1 percent, and the Shenzhen gained 2.3 percent.
OIL/ENERGY
-U.S. crude prices are down and at the $60 a barrel level.
-Gasoline prices are down to $3.22 a gallon, national average.
TARIFF LATEST
-The E.U. is reviewing whether it will impose retaliatory tariffs against the U.S. now that President Trump has put in a 90-day hold on new tariffs for all nations except for China.
DEALS/NO DEALS
-President Trump says he does not want U.S. Steel (X) to "go to Japan," in a sign the administration will not approve Nippon Steel's offer for the company despite a new review of the offer that was ordered earlier this week. U.S. Steel shares are down 10 percent in the premarket.
-Prada is buying Versace parent Capri Holdings (CPRI) in a $1.38 billion deal. Capri shares are up 4 percent in the premarket.
AI MANIA
-Amazon (AMZN) CEO Andy Jassy is vowing to continue aggressively investing in AI, while also assuring investors that the cost of doing so will go down. Amazon shares are down 3 percent in the premarket.
DEFAMATION CASE
-A Delaware judge has ruled that Newsmax (NMAX) defamed Dominion Voting Systems in its reporting on the 2020 election, but a jury must still decide whether the conservative news outlet is on the hook for damages. Newsmax shares are down 3 percent in the premarket and are down 87 percent from the all-time high set just after its IPO several days ago.
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