Markets
Live: Dow tumbles more than 300 points as banking sector worries reignite before Fed rate decision https://t.co/Gx5hiol3Jf
— TradeDay (@TradeDayFunding) May 2, 2023
*Focus on banks
Scoop: Sources say bank analysts and traders are digesting the @jpmorgan – @firstrepublic deal and valuing regional bank assets off of it at about 85 cents on the dollar. It’s why all the regionals have sold off today and why the regional bank crisis probably isn’t over
— Charles Gasparino (@CGasparino) May 3, 2023
White House: Fed Interest Rates Having Negative Effect On Banking – RTRS https://t.co/SWaVgcv8eg
— LiveSquawk (@LiveSquawk) May 2, 2023
Fed will consider tougher banking rules after SVB failure https://t.co/1BeAqxkf9D
— STAR (@PwrChip) April 29, 2023
"will consider," what will it take another CRASH? The problem w/Gov is that it's like all large Orgs, no followup on audits. UFB!#RepAOC #digby56 #HouseDemWomen #RepJeffries #IlhanMN #RepDMP
Economic Indicators and Prospects
🇺🇸 U.S. private quits rate fell to the lowest since Feb. 2021 ⚠https://t.co/adSInrKAUn pic.twitter.com/kNuPh5tKbt
— Christophe Barraud🛢🐳 (@C_Barraud) May 2, 2023
BLS: Job Openings Decreased to 9.6 million in Marchhttps://t.co/cAizdroIUM pic.twitter.com/GrOP0tizfp
— Bill McBride (@calculatedrisk) May 2, 2023
Vehicles Sales at 15.91 million SAAR in April; Up 11.4% YoYhttps://t.co/kAdfzEPUV2 pic.twitter.com/8Dz7ACPI9J
— Bill McBride (@calculatedrisk) May 2, 2023
Housing
CoreLogic: House Prices up 3.1% YoY in March, Lowest Annual Growth Rate since early 2012https://t.co/7LdzXnyf9e
— Bill McBride (@calculatedrisk) May 2, 2023
Monetary Policy
Federal Reserve Poised To Implement Another Quarter-Point Rate Rise – FT https://t.co/gQjKOV0Pf2
— LiveSquawk (@LiveSquawk) May 3, 2023
US Regional Banks Cast Long Shadow Over FOMC – ING https://t.co/mPQ3LOabSE
— LiveSquawk (@LiveSquawk) May 3, 2023
Fiscal Policy
A short-term debt limit fix is looking more likely with both sides still in the "NO NO NO" stage of talks and time running out on crafting a budget package https://t.co/Dk9t59EU4W
— Steven Dennis (@StevenTDennis) May 2, 2023
On Tuesday, House Democrats began a process that could allow them to bypass the chamber’s Republican leaders in passing legislation to raise the nation’s debt ceiling — if they can get a handful of GOP members to join the effort. https://t.co/7Xwpw4JYKc
— The Washington Post (@washingtonpost) May 2, 2023
Is the Debt Limit Constitutional? Biden Aides Are Debating It. #AndyVermautFromBelgiumLovesNewYorkTimes https://t.co/UmoMFnrfXC pic.twitter.com/WcHgGBJoaQ
— Andy Vermaut (@AndyVermaut) May 2, 2023
Trade, Politics and Geopolitics
American semiconductor companies want access to the China market despite US government national security concerns, an industry group says https://t.co/MCVddklr1W
— Bloomberg (@business) May 2, 2023
US To Send Ukraine $300 Million In Military Aid – AP https://t.co/zMl3jH4GpV
— LiveSquawk (@LiveSquawk) May 2, 2023
Economic Indicators and Prospects
🇨🇳 #China Tourists Overwhelm Attractions as Travel Explodes After #Covid – Bloomberghttps://t.co/mOPOGslqd5 pic.twitter.com/pkl2oe3zbA
— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2023
To the relief of the luxury industry, China’s shoppers are back — but their big splurges are happening within the country's borders https://t.co/GN33MdUizn
— Bloomberg (@business) May 2, 2023
New Zealand unemployment held steady at 3.4% in the first quarter while employment rose https://t.co/6O2BjkiADc
— Bloomberg (@business) May 3, 2023
Australian retail sales rose for a third straight month, driven primarily by food inflation https://t.co/TGycfVk0nq
— Bloomberg (@business) May 3, 2023
Housing
China Top 100 Developers See April Sales +31.6% Year on Year, but Fell by 14.4% Month on Month, to 566.5 Billion Yuan: CRIC#China #property https://t.co/2N4qZJVROn pic.twitter.com/vqhVCCw73t
— CN Wire (@Sino_Market) May 3, 2023
Monetary Policy
RBA Surprised By Rapid Recovery In Population Growth, Says Kohler – RTRS https://t.co/U6Uli5q7Eg
— LiveSquawk (@LiveSquawk) May 3, 2023
RBA's Kohler says have some confidence that goods inflation will moderate this yearhttps://t.co/CvXoHYtiIw
— ForexLive (@ForexLive) May 3, 2023
Trade, Supply Chain and Geopolitics
South Korea's president urged China to reduce the nuclear threat posed by North Korea https://t.co/svQpfC1Gm0
— Bloomberg (@business) May 3, 2023
Economic Indicators and Prospects
🇪🇺 On a YoY basis, real M1 figures suggest #Eurozone GDP will be under pressure in the coming quarters. pic.twitter.com/f8hKfIbt3F
— Christophe Barraud🛢🐳 (@C_Barraud) May 2, 2023
Housing
Britain’s housing slowdown leaves more homes on the market https://t.co/fk2O3DjUGf via @_DamianShepherd pic.twitter.com/rXjZ78AP9U
— Zoe Schneeweiss (@ZSchneeweiss) May 3, 2023
Swedish housing prices extended one of the world’s worst routs, which could be further fueled by interest-rate hikes that are yet to have their full effect https://t.co/jfr8S3xAyz
— Bloomberg (@business) May 2, 2023
Monetary Policy
🇪🇺 #ECB Says Euro-Area Banks Curbed #Credit by More Than Expected – Bloomberghttps://t.co/xgY0ugw71O
— Christophe Barraud🛢🐳 (@C_Barraud) May 2, 2023
*Nice thread on the topic from @fwred ⬇https://t.co/RTF376eHym pic.twitter.com/zUc3G3fXS2
Energy
Europe’s gas crunch could return as Goldman sees winter spike https://t.co/yJTxipZ9q9 via @a_shiryaevskaya @MaznevaElena pic.twitter.com/dS40lJEYlb
— Zoe Schneeweiss (@ZSchneeweiss) May 2, 2023
Trade, Supply Chain and Geopolitics
Ukraine’s Allies Seek To Close More Russia Sanctions Loopholes – BBG https://t.co/mUZuWJqHPm
— LiveSquawk (@LiveSquawk) May 3, 2023
Ireland's foreign minister criticizes China on human rights and its stance over Russia’s war in Ukraine https://t.co/v4lNjDnLSS
— Bloomberg (@business) May 2, 2023
🌎 #Copper Mine Flashes Warning of ‘Huge Crisis’ for World Supply – Bloomberghttps://t.co/L9u1fowHBG pic.twitter.com/qQQibghxtg
— Christophe Barraud🛢🐳 (@C_Barraud) May 3, 2023