Solid Intel 🛰

INTEL: US economic growth accelerated to 2.0% in Q1, below the 2.2% forecast Twitter

INTEL: US MARCH PCE PRICE INDEX RISES 0.7% M/M; EST. +0.7% US MARCH PCE PRICE INDEX RISES 3.5% Y/Y; EST. +3.5% US JOBLESS CLAIMS 189K IN APRIL 25 WEEK; EST. 215K Twitter

INTEL: White House in active talks with lawmakers ahead of deadline to seek 30-day authorization for continued Iran war operations Twitter

INTEL: Ark Invest buys $39M of Robinhood shares and sells $6M of its spot $BTC ETF Twitter

INTEL: KHAMENEI REMARKS -The Gulf will have a bright future without the presence of the US -New chapter is taking shape for Gulf, Hormuz -Tehran shares a common fate with Gulf neighbours -Foreigners who commit evil have no place but in the depths of water -Will dismantle US exploitation of Hormuz -New management of the Strait of Hormuz will bring calm and progress -Will bring economic benefits to all Gulf nations Twitter

INTEL: 1,000,000,000 $USDT minted at Tether Treasury Twitter

INTEL: Brent crude oil price up 8%, hits $120. Twitter

INTEL: Mamdani declares a “budget crisis” after four months in office as NYC Mayor. Twitter

INTEL: IRGC SAYS THEY CARRIED OUT SEVEN MISSILE OPERATIONS AGAINST THE USS ABRAHAM LINCOLN, LEAVING THE UNITED STATES UNABLE FOR A PERIOD OF TIME TO LAUNCH ITS AIRCRAFT OR CONDUCT AIR OPERATIONS Twitter

INTEL: AMAZON 1Q EPS $2.78, EST. $1.62 AMAZON 1Q NET SALES $181.52B, EST. $177.23B AMAZON SEES 2Q NET SALES $194.0B TO $199.0B, EST. $189.15B META 1Q REV. $56.31B, EST. $55.51B META 1Q EPS $10.44 VS. $6.43 Y/Y META SEES 2Q REV. $58B TO $61B, EST. $59.56B MICROSOFT 3Q EPS $4.27 MICROSOFT 3Q REV. $82.89B, EST. $81.46B MICROSOFT 3Q OPER INCOME $38.40B, EST. $36.9B Twitter

INTEL: POWELL REMARKS -Number seeing hike as likely as a cut has moved up, easy to see why -People not saying we need to hike now -We think policy rate is in a good place -If we need to hike we will signal and do Twitter

INTEL: POWELL REMARKS -Asked if remaining on FED board is political, says I don't see that as all -Literally staying because of the actions of the administration -Have been working on hypothesis tariffs would be a one-time price effect -It's time for that to happen in next two quarters -Will want to see the backside of energy and tariffs before even think of reducing rates -Energy surge hasn't even peaked yet Twitter

INTEL: POWELL REMARKS -I stand by that won't leave until DOJ probe well and truly over -Will continue to serve as governor for period of time TBD -Will keep low profile as governor -Verbal criticisms by elected officials are OK -Legal actions by administration unprecedented -Worry attacks are battering the institution -Important that people can depend on FED free of political influence Twitter

INTEL: POWELL REMARKS -My last press conference as chair -Congratulates Warsh on advancement -Welcomed DOJ announcement Friday to close criminal investigation -DOJ provided assurances over weekend they will not re-open investigation without criminal referral by FED inspector general Twitter

INTEL: Six Iranian crew from container ship Touska were freed after a United States seizure, with 22 Iranians still held Twitter

INTEL: FED DECISION - Leaves rate unchanged - Governor Stephen Miran dissents in favor of rate cut - Developments in Middle East are contributing to high level of uncertainty about economic outlook - Hammack, Kashkari, Logan voted against easing bias - Middle East developments adding high level of uncertainty - Rate decision and policy statement draw most number of dissenting votes since October 1992 Twitter

INTEL: FED LEAVES BENCHMARK RATE AT 3.75%; EST. 3.75% Twitter

INTEL: Trump says he will not lift naval blockade without a deal that includes Iran’s nuclear program Twitter

INTEL: World’s largest transfer agent Computershare partners with Securitize to enable tokenized shares for U.S. issuers Twitter

INTEL: SENATE VOTES ON FED CHAIR NOMINEE WARSH AS NOMINATION SECURES ENOUGH COMMITTEE SUPPORT TO ADVANCE Twitter