Good evening and welcome to Markets Desk.
The dominant story across wires tonight is the security incident at the White House Correspondents' Dinner, where President Trump was evacuated after attendees reported hearing loud booms and a commotion in the room. Secret Service agents moved swiftly, surrounding the President and ushering cabinet members and journalists from the venue. Trump is confirmed safe, though the precise nature of the threat has not yet been disclosed by authorities.
Turning to commodities, cotton futures finished the week under pressure, with most front months sliding one to twelve points on Friday. May cotton was the lone contract to close higher on the session, though it still surrendered forty points across the week. A softer dollar index, off roughly a quarter point at ninety-eight point three four zero, offered some cushion, but crude oil pulling back nearly a dollar to ninety-four point eighty-eight per barrel kept the broader commodity tone defensive.
And in equities, Tesla beat analyst expectations on both revenue and earnings in the first quarter of two thousand twenty-six, but questions remain about whether those headline numbers capture the full picture. Investors are being urged to look beneath the surface, with some analysts flagging margin pressures and shifting demand dynamics that the top-line beat may be obscuring.
That's the tape. Markets Desk, signing off the floor.
