CHINA ORDERS HALT TO BOEING JET DELIVERIES AS TRADE WAR EXPANDS

BINANCE CRYPTO EXCHANGE DOWN DUE TO A TEMPORARY NETWORK INTERRUPTION IN THE AWS DATA CENTER

BINANCE: TO KEEP SAFE WE SUSPEND THE WITHDRAW SERVICE

MEXC EXCHANGE DOWN
KUCOIN EXCHANGE DOWN
RABBY WALLET DOWN

UPDATE: BINANCE: ALL SERVICES ARE STARTING TO RECOVER AND RESUME. WITHDRAWALS HAVE ALSO REOPENED

EU EXPECTS US TARIFFS TO REMAIN AS TALKS MAKE LITTLE PROGRESS

WHITE HOUSE: BALL IS IN CHINA'S COURT; CHINA NEEDS TO MAKE A DEAL WITH US; WE DON'T HAVE TO MAKE A DEAL WITH THEM

WH: "There’s no difference between China and any other country except they are much larger, and China wants what we have, what every country wants, what we have — the American consumer — or to put another way, they need our money"

GOLD HITS RECORD HIGH, RISES TO $3,300

POWELL: ECONOMIC IMPACT OF TARIFFS LIKELY LARGER THAN EXPECTED

POWELL: INFLATIONARY EFFECTS OF TARIFFS MAY BE MORE PERSISTENT

POWELL: MAY FIND OURSELVES IN SCENARIO WITH MANDATES IN TENSION

POWELL: WELL POSITIONED TO WAIT FOR MORE CLARITY FOR TIME BEING

POWELL: CAN’T HAVE STRONG LABOR MARKET WITHOUT PRICE STABILITY

POWELL: EFFECTS OF POLICY WILL LIKELY MOVE THE FED AWAY FROM ITS GOALS

POWELL: WILL BE MOVING AWAY FROM GOALS FOR THE BALANCE OF THIS YEAR, PERHAPS CAN RESUME NEXT YEAR

POWELL: TARIFFS LARGER THAN WE EXPECTED EVEN IN OUR UPSIDE CASE

CHINA PIVOTS FROM US TO CANADA FOR MORE OIL AMID TRADE WAR

Q: Is there a Fed put for the stock market?

Powell: "I'm going to say no, with an explanation..."

POWELL: THE TARIFF SHOCK PUSHES TOWARD HIGHER UNEMPLOYMENT, HIGHER INLFATION

POWELL: COULD WELL BE IN SITUATION WHERE NEED TO MAKE A DIFFICULT DECISION

POWELL: IT WILL BE A DIFFICULT JUDGEMENT IF THE FED'S MANDATES DO COME INTO CONFLICT

POWELL: IF RISKS WERE STRUCTURALLY HIGHER, THAT WOULD MAKE US LESS ATTRACTIVE

POWELL: RESERVES ARE STILL ABUNDANT; NOT CLOSE TO THE POINT WHERE THE FED WOULD STOP BALANCE SHEET RUNOFF ALTOGETHER

POWELL: THE SLOWER THE FED GOES THE SMALLER THE BALANCE SHEET CAN GET WITHOUT DISRUPTION

POWELL: THE FED IS NOT GOING TO BE INFLUENCED BY POLITICAL PRESSURE

*S&P 500 EXTENDS DECLINE TO 2.5%, NASDAQ 100 DOWN 3.5%

TRUMP: POWELL’S TERMINATION CANNOT COME FAST ENOUGH!

TRUMP: FED SHOULD HAVE LOWERED INTEREST RATES LONG AGO; POWELL IS ALWAYS TOO LATE AND WRONG

TRUMP: NO RUSH TO ANNOUNCE TRADE DEAL

TRUMP: WILL END UP WITH SUBSTANTIAL NUMBER FOR BASELINE TARIFF

TRUMP: WE WILL HAVE A DEAL WITH CHINA

TRUMP: WILL MAKE GOOD DEAL WITH CHINA

TRUMP: WE'LL HAVE VERY LITTLE PROBLEM MAKING DEAL WITH EUROPE

TRUMP ON POWELL: IF I WANT HIM OUT, HE'LL BE OUT OF THERE REAL FAST, BELIEVE ME

TRUMP: IF COUNTRIES DON'T WANT TO MAKE A DEAL, WE'LL MAKE IT FOR THEM; WE SET THE DEAL

TRUMP, ASKED IF HIS MIND WAS CHANGED ON TARIFFS: NO

*TRUMP HAS PRIVATELY DISCUSSED FIRING FED CHAIR POWELL: WSJ

*TRUMP HAS SPOKEN WITH KEVIN WARSH, A FORMER FED GOVERNOR, ABOUT POTENTIALLY FIRING POWELL BEFORE HIS TERM ENDS AND POSSIBLY SELECTING WARSH TO BE HIS REPLACEMENT

*WARSH HAS ADVISED TRUMP AGAINST FIRING POWELL AND HAS ARGUED THAT HE SHOULD LET THE FED CHAIR COMPLETE HIS TERM WITHOUT INTERFERENCE

WHITE HOUSE'S HASSETT: TRUMP IS STUDYING WHETHER FIRING FED'S POWELL IS AN OPTION

POPE FRANCIS HAS DIED — VATICAN

RIP

The Week Ahead | infinityhedge

Mon/21: Saylor expected to announce BTC purchase

Tue/22: Earth Day
*IMF World Economic Outlook report
*Stablecoin Giant Circle To Launch a New Payments, Remittance Network aiming to rival Mastercard & Visa
*Tesla Q1 Earnings

Thu/24:
*Alphabet, Intel Q1 Earnings
*US To Sign Minerals Deal With Ukraine

Fri/25:
*SEC Crypto Policy Roundtable On Custody Issues
*$6.5B BTC Options Expiry, Put/Call: 0.68, Max Pain Price: $85K
*$700M ETH Options Expiry, Put/Call: 0.76, Max Pain Price: $1.9k

Sat/26: White House Correspondents Association annual dinner 🍿

WHOLE WEEK:
*Macro: Trump-Tariffs-Powell, Earnings Season: Capital Expenditures
*Crypto: Ethena S3, Hyperlane airdrop claim portal, Solana Crossroads Event

BBG Economics: IMF’s projections tend to skew optimistic during potentially disruptive crises. In the four large crises we studied, the fund’s initial assessment of the immediate impact on global growth understated it by 0.5% points. However much the IMF may downgrade the growth forecasts to start, history suggests the ultimate blow will be worse

Reads and charts are in group

GOLD HITS RECORD HIGH, RISES TO $3,400

*TRUMP: THERE COULD BE SLOWING OF ECONOMY IF POWELL DOESN’T CUT RATES

*Trump: There can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.

*Trump: Powell has always been “To Late,” except when it came to the Election period when he lowered rates in order to help Sleepy Joe Biden

*S&P 500 EXTENDS DECLINE TO 3%, NASDAQ 100 DOWN 3.3%

GOLD HITS NEW ATH, RISES TO $3,500 FOR THE FIRST TIME

US TREASURY SECRETARY BESSENT SEES DE-ESCALATION WITH CHINA, SITUATION UNSUSTAINABLE: SOURCES

*Bessent added that negotiations haven't started but that a deal is possible, according to people who attended his session at an event hosted by JPMorgan, which wasn't open to the public or media

*BESSENT SAYS CHINA NEGOTIATIONS WILL BE A 'SLOG', DESCRIBES CURRENT BILATERAL TRADE SITUATION AS AN EMBARGO

*BESSENT: GOAL IS NOT TO DECOUPLE U.S., CHINA ECONOMIES

*BESSENT: REBALANCING OF CHINA ECONOMY TOWARDS CONSUMPTION AND US ECONOMY TOWARDS MANUFACTURING IN TWO TO THREE YEARS WOULD BE A HUGE WIN

*BESSENT: U.S. SEEKS REBALANCING WITH CHINA BUT QUESTION IS WHETHER BEIJING IS READY TO DO IT