S.C.

Economics anorak, former investment banker, eclectic taste in music from pop to classical.

[FinancialJuice @financialjuice]

France's Macron to host US President Trump for dinner at Versailles Palace Wednesday: Macron's office

[First Squawk @FirstSquawk]

DOW JONES UNOFFICIALLY CLOSES UP 337.75 POINTS, OR 0.66%, AT 51,186.50

S&P 500 UNOFFICIALLY CLOSES UP 33.89 POINTS, OR 0.46 PERCENT, AT 7,428.19

NASDAQ UNOFFICIALLY CLOSES UP 76.49 POINTS, OR 0.30 PERCENT, AT 25,886.15

[CoinDesk @CoinDesk]

NEW: SpaceX's IPO is expected to create more than 4,400 employee millionaires, including welders, technicians, and factory workers, per Fortune.

[First Squawk @FirstSquawk]

SPACEX STOCKS START AT $172 ON NASDAQ, ABOVE IPO PRICE OF $135.

[Godfroy @g0dfr0y]

TRUMP IS LITERALLY TURNING THE DNI INTO THE EPSTEIN POLICE FORCE:

In a move that almost nobody saw coming, Trump is pushing Epstein Island confidant Jay Clayton to be the new head of the DNI.

Jay Clayton was a key partner of Leon Black's Apollo Global Management, which is nothing more than a Mossad front company. Leon Black is intimately tied to Epstein and plastered all over the files.

Jay Clayton was then appointed to head the RIGGED SDNY to help with curating Epstein Documents for the DOJ.

Jay Clayton will be weaponizing the intelligence community against critics of Trump, Epstein and Israel, turning the DNI into the De Facto "Epstein Police Force."

[Ignorance, the root and stem of all evil @ivan_8848]

NATO Commander Europe Grynkewich debunks the propaganda of European Russophobes.

'Russia does not seek conflict with NATO and does not intend to attack. I have been following the intelligence very closely.'

[Shaun Richards @notayesmansecon]

Some disappointing news for the UK economy this morning.
"Monthly GDP contracted by 0.1% in April 2026, following growths of 0.3% in March 2026 and 0.4% in February 2026."

[First Squawk @FirstSquawk]

US AND IRAN NEARING A PEACE DEAL AROUND G7 MEETING NEXT WEEK; COULD BE SIGNED IN GENEVA

#BREAKING

[S.C. @sallycopper]

Iran-US memorandum of understanding - The 14-point document dictates that final negotiations will not begin until the release of half of Iran’s frozen funds, the suspension of Iran’s oil sanctions, and the lifting of the naval blockade, the Mehr News Agency reported.

[CNBC @CNBC]

The draft version of the Iran-U.S. memorandum of understanding includes a commitment from the U.S. to lift oil sanctions and a commitment from Iran to reopen the Strait of Hormuz, Iranian state media reported Friday.

The 14-point document dictates that final negotiations will not begin until the release of half of Iran’s frozen funds, the suspension of Iran’s oil sanctions, and the lifting of the naval blockade, the Mehr News Agency reported.

Read more: https://t.co/o1xksSu47G

[CoinDesk @CoinDesk]

UPDATE: Japan's crypto tax bill has cleared the Lower House and now heads to the Upper House, with the 20% flat tax rate expected to take effect in 2028 and crypto ETFs on the Tokyo Stock Exchange anticipated as early as 2027.

[Reuters @Reuters]

Trump, allies working on plan to void his impeachments, WSJ reports https://t.co/EeiwJFYsdo https://t.co/EeiwJFYsdo

[First Squawk @FirstSquawk]

ECB TO CONSIDER FURTHER HIKES OR HOLD IN NEXT MONTHS: KOCHER

[First Squawk @FirstSquawk]

IRAN'S MEHR: THE MOU WITH THE U.S INCLUDES U.S. COMMITMENT TO LIFTING SANCTIONS, WITHDRAWING ITS FORCES FROM AROUND IRAN, AND LIFTING THE NAVAL BLOCKADE

#BREAKING

[First Squawk @FirstSquawk]

US TO WITHDRAW FORCES FROM AREA SURROUNDING IRAN UNDER MOU: MEHR NEWS

[First Squawk @FirstSquawk]

IRAN'S MEHR: THE MOU WITH THE U.S ALSO INCLUDES REOPENING STRAIT OF HORMUZ, CANCELING OIL SANCTIONS, AND RELEASING IRAN'S FROZEN FUNDS

#BREAKING

[First Squawk @FirstSquawk]

BRENT OIL FUTURES DROP OVER 5%.

[Bloomberg @business]

Higher-for-longer interest rates means over-leveraged companies are running out of ways to repay their borrowings ahead of a looming maturity wall, according to Brook Hinchman, a managing director at Oaktree Capital Management https://t.co/gksxdlk0aq

[First Squawk @FirstSquawk]

REPORTS CITING ISRAELI OFFICIALS SAY THE US HAS ASKED ISRAEL NOT TO CONDUCT INDEPENDENT STRIKES ON IRAN FOR NOW, WITH WASHINGTON PREFERRING TO HANDLE ANY IMMEDIATE MILITARY RESPONSE ITSELF WHILE PURSUING NEGOTIATIONS.

[FinancialJuice @financialjuice]

🔴 ⚠️ BREAKING: Trump: I have cancelled scheduled strikes and bombings against Iran this evening.