<ul>
<li>The Trump Organization has officially launched sales for its new luxury tower and hotel in Dubai, in partnership with Dar Global Plc. This 80-story tower will feature luxury homes, a clubhouse, and penthouses with sky pools, strategically located on Dubai's main highway with views of the Burj Khalifa. The project is expected to take several years to complete, aligning with Trump's upcoming visit to the Gulf region, which may enhance its visibility and appeal to potential buyers.</li>
</ul>
<ul>
<li>This development follows a trend of luxury real estate expansion in the Gulf, particularly in Dubai, which has seen a surge in high-end property projects. The acceptance of cryptocurrency for property sales at this tower indicates a shift towards modern payment methods in real estate, potentially attracting a new demographic of investors. The collaboration with a Saudi Arabian developer also highlights the growing ties between U.S. businesses and Gulf investors.</li>
</ul>


Dubai Luxury Launch

<ul>
<li>Oil prices are experiencing their largest monthly decline since 1988, with Brent crude dropping approximately 15% in April. This downturn is attributed to the adverse effects of the US-China trade war, which is dampening economic growth and energy demand. Concurrently, the OPEC+ alliance is easing supply restrictions, further exacerbating the situation. The combination of reduced demand and increased supply is leading to significant price pressures in the oil market.</li>
</ul>
<ul>
<li>Recent data indicates a slowdown in US economic growth, with consumer confidence hitting a five-year low and factory activity in China contracting sharply. These factors are contributing to a bearish outlook for energy consumption. Additionally, OPEC+ is expected to discuss further production increases in their upcoming meeting, which could lead to even more supply entering the market, raising concerns about oversupply and its impact on oil prices.</li>
</ul>


Historic Oil Selloff

<ul>
<li>Investors surveyed by JPMorgan believe the S&amp;P 500 has peaked for the year, with 93% expecting it to remain under 6,000 for the next 12 months. A significant portion anticipates a decline below 5,000, reflecting concerns over economic conditions, including stagflation and trade uncertainties. The survey indicates a shift in sentiment from previous bullish projections, with many attributing the downturn to protectionist trade policies and tariff-related fears that have dampened market momentum.</li>
</ul>
<ul>
<li>Despite the overall pessimism regarding the S&amp;P 500, a notable 41% of investors still view the 'Magnificent Seven' mega-cap tech stocks as a long-term investment opportunity. This group remains committed to buying on dips, indicating a divergence in sentiment within the tech sector compared to the broader market outlook. The survey results suggest that while the general market may face challenges, certain segments, particularly in technology, may continue to attract investment.</li>
</ul>


S&#038;P 500 Peak

<ul>
<li>Chinese airlines and Boeing are experiencing severe disruptions due to U.S.-imposed tariffs, as stated by China's commerce ministry. The tariffs have led to halted deliveries of Boeing planes, with several Chinese customers indicating they will not accept new aircraft. Boeing is now considering reselling these planes, highlighting the immediate financial implications of the tariffs on its operations and market position.</li>
</ul>
<ul>
<li>The impact of these tariffs extends beyond Boeing, disrupting global supply chains and air transport. China's commerce ministry has called for a stable trade environment, indicating a willingness to support normal business cooperation. This situation reflects broader industry trends where tariffs are reshaping trade dynamics, potentially leading to further regulatory changes and economic adjustments in the aviation sector.</li>
</ul>


Tariff Turmoil

<ul>
<li>BP reported a first-quarter underlying replacement cost profit of $1.4 billion, falling short of analyst expectations of $1.6 billion. This marks a significant drop from $2.7 billion in the same quarter last year, reflecting the impact of lower crude prices and operational challenges. The company is under pressure from activist investors following its recent strategic reset, which aims to refocus on oil and gas after a period of increased renewable spending.</li>
</ul>
<ul>
<li>CEO Murray Auchincloss emphasized operational successes, including high upstream efficiency and refinery performance, despite the profit miss. BP announced a dividend of 8 cents per share and a $750 million share buyback, but net debt rose to $26.97 billion. The company&rsquo;s stock fell 3.3% following the earnings report, highlighting investor concerns about its market position and the effectiveness of its strategic pivot.</li>
</ul>


BP Profit Decline

<ul>
<li>General Motors is set to report its first-quarter earnings, with Wall Street analysts expecting adjusted earnings per share of $2.74 and revenue of $43.05 billion. This represents a slight increase in revenue compared to the previous year, despite ongoing uncertainties related to auto tariffs imposed by the Trump administration. Analysts anticipate that consumer demand may have surged ahead of potential price increases due to these tariffs, which could positively impact GM's quarterly results.</li>
</ul>
<ul>
<li>The automotive industry is currently facing significant challenges due to a 25% tariff on imported vehicles, leading to downgrades of GM's stock by several analysts. Despite these challenges, GM has a history of raising its annual guidance during first-quarter earnings reports. However, the company has not publicly announced any major changes to its manufacturing plans, which raises questions about its ability to manage increased costs stemming from the tariffs.</li>
</ul>


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