Economic and Financial Summary

1. Futures Down

• U.S. futures fell:

• Dow: -189 pts (-0.5%)

• S&P 500: -20 pts (-0.4%)

• Nasdaq 100: -95 pts (-0.5%)

• Despite signs of trade easing between the U.S. and China, uncertainty persists.

• Elon Musk announced he will reduce his political involvement, which boosted Tesla's shares despite profit declines.

2. Trump and the Deal with China

• Trump seeks a "fair deal," but without details.

• Current tariffs: U.S. 145%, China 125%.

• The Treasury suggests they should be reduced, but not unilaterally.

• The White House considers lowering tariffs to 50% to facilitate negotiations.

3. Alphabet (Google) to Report Results

• Data expected on:

• Advertising revenues affected by uncertainty.

• Investments in AI against competitors like DeepSeek.

• Legal risks due to its dominance in digital advertising.

4. Airlines Cut Forecasts

• American Airlines reports today.

• Southwest, Alaska, Delta, and United have withdrawn their forecasts due to economic uncertainty.

• Tariffs affect travel spending, a sector sensitive to economic changes.

5. Gold and Oil

• Gold: rises as a safe haven amid doubts about the trade war.

• Oil: fell ~2% due to expectations of increased OPEC+ production in June #eth #BTC