From Yahoo Finance: 2025-05-04 08:30:00

The Milken conference gathers prominent figures like Magic Johnson and Ken Griffin, with a White House presence, including Elon Musk and Treasury Secretary Scott Bessent. Nvidia’s Jensen Huang joins the lineup, with Rupert Murdoch expected. Stay tuned for live interviews and podcasts on Yahoo Finance Monday morning.

Economic complexities extend beyond a 0.3% GDP drop, with tariffs impacting companies like Apple. The investing landscape is confusing, presenting a challenge for decision-making. Top leaders share insights on Trump tariffs, markets, and the US economy, offering diverse perspectives. Consumer spending remains strong, with varied growth trends across different sectors.

Starbucks reports positive sales comps, indicating progress in the business. Transaction volumes in the US show improvement, with consistent basket sizes and customer behavior. Broad-based consumer spending remains robust, with notable growth across different economic segments. Client sentiment leans slightly bearish, with concerns among younger investors experiencing a market pullback. 1. The government announced a new stimulus package worth $1.9 trillion to aid in economic recovery. The package includes $1,400 direct payments to eligible Americans, extended unemployment benefits, and funding for vaccine distribution.

2. A new study found that the Pfizer-BioNTech COVID-19 vaccine is 94% effective in preventing symptomatic infections in real-world conditions. The study followed 1.2 million people in Israel, where the vaccine has been widely distributed.

3. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average falling by 500 points. This drop was attributed to concerns about rising bond yields and inflation fears among investors.

4. The CDC released new guidelines stating that vaccinated individuals can safely gather indoors without masks. The guidelines emphasize the importance of continuing to wear masks in public spaces and following local regulations.

5. The United Nations reported that the conflict in Yemen has caused the world’s worst humanitarian crisis, with 80% of the population in need of aid. The UN called for an immediate ceasefire and increased humanitarian assistance to address the growing crisis.



Read more at Yahoo Finance: Here’s what CEOs are saying about Trump’s tariffs and the economy