Good morning, you're tuned in to Markets Desk.
On the tariff front, the White House is moving quickly after a federal trade court struck down Trump's latest plan. Expect fast-tracked alternatives out of Washington — and expect Wall Street to reprice risk accordingly. The uncertainty alone is enough to keep volatility elevated heading into the week.
Shifting to labor, April's jobs report came in better than feared — one hundred fifteen thousand positions added, unemployment holding at four point three percent. After a punishing two thousand twenty five where monthly gains averaged just ten thousand, the two thousand twenty six average has climbed to seventy six thousand. It's not a boom, but economists are finally asking whether the hiring recession has run its course.
And on crypto, Michael Saylor walked back what sounded like a pivot on Bitcoin. After suggesting Strategy might sell some holdings to fund a dividend — a remark that rattled believers — Saylor clarified he was deliberately trying to squeeze short-sellers and, in his words, inoculate the market. Whether that explanation holds water is another matter, but Strategy's sixty five billion dollar Bitcoin position isn't going anywhere for now.
That's the tape. Markets Desk, signing off the floor.
