CEOs Selling stock

Fed Put in question - Powell under Fire from White House - Markets FED UP!

Earnings Season - VERY CLOUDY

USD Weak - what are investors thinking?

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 Warm-Up
- Chaos - What next?
- Rates - moving in the wrong direction again
- USD Weak - what are investors thinking?
- A moment for Pope Francis
- CEOs - Selling stock

Markets
- Markets have had it - Done with this nonsense
- Fed Put in question - Powell under Fire from White House - Markets FED UP!
- Earnings Season - VERY CLOUDY
- VIX - back above 30 again (~35)
- HyperScalers - not so Hyper...

Update One Time Competition - Put Lyrics to Music - The Tariff Blues (DHUnplugged Shirt and Song Play)
- We have a clear winner from all of the entries and will announce and play at end of the show - I think it is awesome!

ECB
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate -- the rate through which the Governing Council steers the monetary policy stance -- is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission.

Powell Under Fire
- President Trump says "The ECB is expected to cut interest rates for the 7th time, and yet, “too late” Jerome Powell of the Fed, who is always too late and wrong.....Too Late should have lowered interest rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!"
- President Trump says he is "not happy" with Fed Chair Jerome Powell; says he thinks Mr. Powell would leave if he asks him to do so
- Is he going to ask - will he leave????????
- How will markets react?
--- STOP THE PRESSES - Already did a 180 on that..."No intention of firing Powell"

Flurry of Deal Comments Tuesday
- As expected, most contradict the other
- Confusion as to how long
- general happy thoughts - nothing concrete
- Markets reacted positively then came off highs

Pentagon in Chaos?
- White House looking for a new Secretary of Defense, according to NPR
- Will he now have a Podcast or go back to Fox and Friends?
- Of course the White House press secretary is denying

Skinny Minny
- Eli Lilly soaring after announcing positive late-stage trial results for its oral weight-loss and diabetes drug, orforglipron, paving the way for a possible launch by the end of 2025
- Novo Nordisk is looking for FDA approval of their pill-form Wegovy weight loss medication

Some Eco
- April Philadelphia Fed Index -26.4 vs. 10.0 Briefing.com consensus; prior 12.5
- March Building Permits 1.482 mln vs. 1.455 mln Briefing.com consensus; prior revised to 1.459 mln from 1.456 mln
- March Housing Starts 1.324 mln vs. 1.418 mln Briefing.com consensus; prior revised to 1.494 mln for 1.501 mln
- March Leading Indicators -0.7% vs. -0.4% Briefing.com consensus; prior revised to -0.2% from -0.3%

IMF - Downgrades US ECO
- The US growth forecast for this year has been given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) as a result of uncertainty caused by trade tariffs.
- Growth is now expected to be 1.8% this year, down from the IMF's estimate of 2.7% for the US in January.
- The sharp increase in tariffs and uncertainty will lead to a "significant slowdown" in global growth, the Fund predicts.

NVDA
- NVIDIA breaks below $100 as China-based rival Huawei reportedly preps updated AI chip for mass shipment
- Last week, NVDA gapped lower after writing down its inventory by around $5.5 bln,

DHUnplugged #749: Fed UP And OUT