May 01 (Wednesday)

Markets
FAANG Stocks Drop $100 Billion as Alphabet Loss Bites Hard (B)
Left Behind in the Rally, Small-Caps Stand to Benefit From Surging Dollar (W)
Munis Have the Best Start Since 2014 and Show No Sign of Slowing (B)

Central banks
Trump calls on Fed to cut rates by 1% and urges more quantitative easing (C)
Powell will try not to draw ire of Trump or rock markets after Fed meeting Wednesday (C)

US
U.S. Employment Costs Climbed in First Quarter (W)
U.S. Consumer Confidence Climbed in April (W)
Government Economists Turn to Big Data to Track the Economy (W)

Europe
In Show of Resilient Global Growth, Europe Regains Momentum (W)

US politics
Democrats, Trump Agree to Aim for $2 Trillion Infrastructure Package (W)

Geopolitics & trade
White House Says It’s Ready to Walk If No China Trade Deal Soon (B)
Tariffs That Started the U.S.-China Trade Conflict Now Dog Its Finish (W)

Industries & companies
Aerospace: Boeing Sells $3.5 billion of Bonds Amid Scrutiny (W)
FAANGs: Apple stock spikes after reporting strong guidance and earnings beat (C)
FAANGs: Apple’s iPhone Revenue Drops 17% (W)
FAANGs: Apple’s services revenue beats expectations (C)
FAANGs: Alphabet had its worst day since 2012 after Google’s slowing ad revenue worries investors (C)
FAANGs: Facebook Tries a New Look as Zuckerberg Proclaims a New Era (W)
FAANGs: The Obamas and Netflix Just Revealed the Shows and Films They’re Working On (N)
Hotels: Massachusetts Gambling Regulators Levy $35 Million Fine Against Wynn Resorts (W)
Industrials: GE Slows Cash Burn as It Shrinks (W)
Industrials: GE Shares Hit Highest Level in Nearly a Month (W)
Tech: AMD Forecast Buoys Confidence in the Chipmaker (B)
Tech: Chip Bears Get Affirmation and Little Else From Earnings Season (B)

Offbeat
Japan’s New Emperor Ascends to Chrysanthemum Throne after Father Abdicates (W)