📰 Market Headlines

Markets plunged yesterday as President Donald Trump's renewed criticism of Federal Reserve Chair Jerome Powell rattled investors, leading to a significant sell-off.

• The Dow tumbled nearly 2.4%, while the S&P 500 and Nasdaq fell 2.3% and 2.5%, respectively.

• President Trump's attacks on Powell fueled fears over Fed independence, worsening market volatility during ongoing tariff tensions.

• Wall Street futures are up heading into Tuesday, with S&P 500 e-minis up 0.7% and Nasdaq e-minis up 0.8% .

• Overall, the S&P 500 is down around 16% from its February peak. "The market is very jittery so any sense of negativity, any sense of worry, just gets escalated or exaggerated," said City Index market analyst Fiona Cincotta.

• President Trump met with Walmart, Target, and other retail executives to discuss tariff impacts on their businesses.

The Education Department announced it will resume student loan collections on May 5, garnishing wages and withholding tax refunds from borrowers in default.

Walgreens agreed to pay $300 million to settle claims it illegally filled millions of opioid prescriptions, avoiding further liability under the Controlled Substances Act and False Claims Act.

Gold hit a record high of $3,500, whereas the US Dollar hit a 3-year low. During the 9 years in which the S&P 500 delivered negative returns, gold outperformed in 8 of those, averaging +19.4% compared to -15.3% by the S&P 500.

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🧠 Make yourself heard

With Gold at a record high, are you a buyer?

😱 Fear and Greed Index

📊 Earnings this week

• No Earnings Reports

Market movers

• The FTC sued Uber over deceptive billing practices tied to its Uber One subscription service, alleging customers were charged without consent.

• A US judge confirmed a $3.7 billion starting bid for Venezuela-owned Citgo Petroleum’s parent company shares auction.

• The FDIC planned to cut 20% of its workforce, eliminating about 1,250 jobs.

• Crozer Health shut down operations, laying off 2,651 workers across eight facilities.

• Google's antitrust trial entered the remedy phase, with the DOJ seeking Chrome divestment and mandated search data licensing to competitors.

 📊 Ideas, trends, and analysis

🎤 What you said last time

“We're cooked. Batten down the hatches, save your money, fill up your pantries with beans.”

📺 What to watch today