Overview
- Stock futures rose after reports that the U.S. and China are considering resuming trade negotiations, with China evaluating talks and urging tariff removal.
- Economists predict the April U.S. jobs report will show 133,000 new positions, a significant drop from March's 228,000, raising concerns about economic momentum.
- Amazon and Apple beat quarterly earnings estimates but highlighted challenges from tariffs, with Apple projecting a $900 million tariff-related impact this quarter.
- The U.S. Chamber of Commerce has formally requested a tariff exclusion process from President Trump, citing risks of recession and harm to small businesses.
- Strong demand for the Kentucky Derby underscores consumer resilience, with Churchill Downs CEO Bill Carstanjen noting heightened international interest in the event.