Panama is looking to develop the largest advanced biorefinery to make lower-carbon aviation fuel while California is questioning Chevrons and Schlumberger project for sending Carbon into the ground.  ASML is looking to make machines the size of double-decker buses in order to make microscopic circuitry on computer chips.  Danone ramps up U.S. baby formula shipments while at the same time Baby Formula has started to arrive in the United States on Sunday to help the Baby Formula shortage.  Finally, U.S. households' emergency savings are getting hit by high inflation, Deere also reported earnings on Friday showing us signs of how the heavy machinery market is doing.  

More news on the Housing Market.  US home sales fall for a third straight month. Spirit Airlines calls for Shareholders to reject JetBlue's offer.  A decision will be made by June 10 in a special shareholder's meeting.  US Labor Market reported numbers and reported that weekly jobless claims hit a 4-month high.  Finally, Kohl's reported numbers and said that inflation was one of the reasons why their profits were not as good.  Wall Street is not happy with inflation and how it affects them.  Joe Biden and his presidency are trying to figure out how to fight inflation before the November midterms but sadly he has very few options when it comes to fighting inflation.  

Tesla was removed recently from the S&P 500 ESG Index even though Tesla is an environmentally friendly company.  Tesla might be getting hit in the other areas of what ESG stands for.  Global Supply Chain worsens in April.  There is a chance that it could get worse.  The Housing Market is starting to cool.  Even though Lowes and Home Depot reported numbers yesterday claiming that the cold spring made people stay inside, Home Depot says that construction companies still came for supplies at their store.  So is the housing market really cooling off?  Finally, Gas hits 4 dollars a gallon across the United States.  There is a chance that this summer it could hit as high as 5 dollars a gallon this summer.  

U.S. manufacturing output rises in April. Walmart and Target have reported earnings for the quarter.  They are both showing how the U.S. consumer is spending money.  The U.S. is looking to Lift Sanctions on Venezuela and allow Chevron to talk to the country's state-owned oil company, PDVSA, but not to drill or export any petroleum of Venezuelan origin.  Finally, Netflix is laying off 150 people within the company.  This comes after Netflix said that people should leave the company if they are offended by the culture of the company.  Some people on Wall Street believe that Netflix is still a good company to invest in even though signs are showing that they are not.  

Recent updates from the Baby Formal shortage says that the they are considering to import the baby formals, JetBlue is determine to buy out Spirit Airlines when they just offered an all cash deal to buy them out, Carlyle Group is buying out a defense contractor for 3.9 billion, Finally, White House weighs inflation vs. farmers in new biofuel mandates.

Perrigo Company reports that the Baby Formal shortage will continue through at least 2022.  Perrigo works with Walmart and Amazon which makes the store brand Baby Formal, FAA finds Boeing 787 certification documents incomplete, Tesla puts India entry plan on hold after deadlock on tariffs, Finally, Big Oil gets investor reprieve as energy worries trump climate concerns

Twitter is starting to clean up some of their positions by getting removing some people, Ford is now releasing info about their board of directors trying to show how diverse they are, Bitcoin is falling which is causing the Crypto markets to fall, Sri Lanka is facing a  potential collapse.  Though I don't expect it to be a big deal I still wonder how Wall Street will handle it.   

FTC is reporting that Elon Musk buying Twitter might be a good thing for the US Economy, Biden tells Global summit that the United States will share its COVID vaccine technology with the world, Finally, there are three issues that might be causing the shortage for Baby Formula.  The first two are easy to understand like a bacteria infection and a world virus.  The third one might be the real reason and it has to deal with the United States trade policy.    

Tesla halts most output at Shanghai plant, April sales dive, 50 bps rate hikes make sense, could see unemployment rise, Biden says that the FED is targeting inflation, Finally, Pfizer to pay $11.6 billion for Biohaven to tap migraine market.  

Tinder owner Match sues Google in the last attempt before potentially getting kicked out of Google Play, Bitcoin is falling in price and El Salvador is adding more to their balance sheet, Boeing sells more planes to Lufthansa, Finally, U.S. profit forecasts weaken as companies assess inflation risks.