The Fed will start shrinking its $8.9 trillion balance sheet this month. The first set of securities will run off on June 15th.
[TRAVEL VS. GAS PRICES] Americans Start Summer Travel Season Beset by Record Gas Prices - WSJ
The national average price for a gallon of regular unleaded gas hit $4.67 as of this morning, according to AAA.[SHANGHAI REOPENS] Shanghai Ready to Exit Lockdown as Covid Cases Drop - WSJ
[CRYTPO COUNTER LOBBY] Tech Experts 'Counter-Lobby' Washington Criticizing Crypto, Blockchain - CoinDesk
[BINANCE FUND] Binance Launches $500M Fund to Drive Web3 Adoption - Blockworks
[SALESFORCE JUMPS] Salesforce Sales Jump 24%, Easing Concerns About Business Demand - WSJ
[HP EARNINGS] HP Lifts Earnings Outlook Despite Supply-Chain Disruptions - WSJ
[BNPL PAIN] Missed Payments, Rising Interest Rates Put ‘Buy Now, Pay Later’ to the Test - WSJ
JOLTS Job Openings 10:00 am
ISM Manufacturing – May 10:00 am
Construction Spending – April 10:00 am
Today PM: GameStop, Chewy, HP Enterprise, C3.ai, MongoDB, UiPath, PureStorage, Elastic, Veeva
Tomorrow AM: SpartanNash, Hormel Foods