*KEVIN WARSH CONFIRMED AS FEDERAL RESERVE CHAIR IN SENATE VOTE
(@WalterBloomberg)

SENATE CONFIRMS WARSH AS FED CHAIR IN 54--45 VOTE

PENNSYLVANIA'S FETTERMAN ONLY DEMOCRAT TO SUPPORT WARSH NOMINATION

WARSH TO BEGIN 4-YEAR FED CHAIR TERM AFTER POWELL DEPARTS FRIDAY
(@WalterBloomberg)

VANCE ON IRAN TALKS: THINK WE ARE MAKING PROGRESS
(@WalterBloomberg)

HAPAG-LLOYD HIT WITH $60M WEEKLY COSTS FROM HORMUZ DISRUPTION

Shipping giant Hapag-Lloyd says the Strait of Hormuz disruption is costing the company up to $60 million per week.

CEO Rolf Habben Jansen said higher fuel costs and rerouting cargo by truck and rail are driving the increase, adding that freight rates will likely rise to offset expenses.

The company also reported a quarterly loss of €219 million and said four of its vessels remain stranded in the Persian Gulf amid ongoing regional tensions.
(@WalterBloomberg)

VANCE ON IRAN: FOCUSED ON DIPLOMATIC PATHWAY FOR NOW
(@WalterBloomberg)

GAMESTOP CEO RYAN COHEN ON EBAY: I LOVE THE ASSET. IT'S RUN BY A BUNCH OF LOSERS - INTERVIEW WITH PIERS MORGAN
(@WalterBloomberg)

BESSENT ON FED: MAY GET 1-2 HOT INFLATION NUMBERS
(@WalterBloomberg)

TRUMP, AT STATE BANQUET IN BEIJING: WE HAD EXTREMELY POSITIVE AND CONSTRUCTIVE DISCUSSIONS
(@WalterBloomberg)

TRUMP: US-CHINA RELATIONSHIP IS ONE OF THE MOST CONSEQUENTIAL IN WORLD HISTORY
(@WalterBloomberg)

IRAN'S REVOLUTIONARY GUARDS SAY ABOUT 30 VESSELS CROSSED THE STRAIT OF HORMUZ WITH TEHRAN'S PERMISSION SINCE WEDNESDAY EVENING
(@WalterBloomberg)

$AAPL - APPLE BULL CASE: $500?

Evercore ISI raised its price target on AAPL to $365 from $330, while keeping an Outperform rating and setting a bull case target of $500.

Analyst Amit Daryanani said investors are too focused on short-term iPhone and AI concerns, while underestimating Apple’s long-term strengths:

High-margin Services growth
Premium iPhone demand, including a potential foldable launch
Strong execution amid supply chain disruption
Aggressive capital returns
Major upside from AI monetization

Evercore believes Apple can deliver low-to-mid teens EPS and free cash flow growth even with modest iPhone unit growth, driven by higher pricing, Services expansion, and future AI opportunities through Apple Intelligence.
(@WalterBloomberg)

US APRIL RETAIL SALES +0.5% (CONSENSUS +0.5%)
(@WalterBloomberg)

US JOBLESS CLAIMS +12K TO 211K IN MAY-9 WK; SURVEY 205K

US MAY-2 WEEK CONTINUING CLAIMS +24K TO 1,782,000
(@WalterBloomberg)

🚨 IRAQ SOUGHT FINANCIAL ASSISTANCE FROM IMF AS A RESULT OF CONFLICT IN MIDDLE EAST, SOURCE CLOSE TO IMF SAYS
(@WalterBloomberg)

IRGC NAVY OFFICIAL: 30 SHIPS ALLOWED THROUGH STRAIT OF HORMUZ SINCE LAST NIGHT
(@WalterBloomberg)

🚨 ISRAEL DEFENSE MINISTER KATZ: IRAN MISSION IS NOT OVER
(@WalterBloomberg)

KATZ: MUST ENSURE IRAN WON'T BE A THREAT TO ISRAEL'S EXISTENCE
(@WalterBloomberg)

KATZ: ISRAEL PREPARED FOR POSSIBILITY MAY NEED TO ACT AGAIN
(@WalterBloomberg)

STRAIT TRAFFIC PICKS UP AS DARK TRANSITS RISE

Traffic through the Strait of Hormuz increased this week, but analysts warn more ships are disabling AIS tracking signals during transit.

Lloyd’s List said tanker owners are bracing for prolonged disruption as regional risks stay elevated.

Transit volumes remain far below pre-conflict levels, when roughly 130 ships crossed daily carrying about 20% of global oil and gas supplies.
(@WalterBloomberg)

CME GROUP TO LAUNCH NASDAQ CME CRYPTO INDEX FUTURES
(@WalterBloomberg)

RUBIO SAYS CHINA TRYING TO TAKE TAIWAN WOULD BE A MISTAKE: AP
(@WalterBloomberg)