📊 Market & Economic Update

Trade deal developments gave markets a late-session lift as officials noted progress with India, Japan, and South Korea.

March’s record $162B trade deficit points to pre-tariff stockpiling. Incoming shipments are expected to fall sharply.

 Consumer sentiment dropped to its lowest since 2011. Consumers are accelerating big-ticket purchases ahead of tariff implementation.

 Wall Street GDP forecasts slashed: Goldman Sachs now expects -0.8% for Q1, JPMorgan sees -1.5%.

🚀 Earnings Highlights

 - Honeywell (HON +5.38%): Beat Q1 estimates, led by 14% growth in aerospace sales.

 - Royal Caribbean (RCL +0.79%): Raised full-year guidance citing record bookings and onboard spending.

 - Hims & Hers Health (HIMS +25.32%): Surged on partnership with Novo Nordisk to offer Wegovy via telehealth.

- SoFi (SOFI +1.78%): Reported strong growth in Financial Services (up 101% YoY) and expanding margins.

 - GM (GM -1.04%): Beat expectations but pulled 2025 guidance due to tariff uncertainty.

🏢 Big Name Developments

 - Amazon (AMZN -0.16%): Scraps tariff surcharge plan after political backlash.

 - Tesla (TSLA +2.45%): Semi production to begin late 2025 despite 145% tariffs.

 - UPS (UPS -0.48%): Cutting 20,000 jobs amid slowing Amazon-related volume.

 - Netflix (NFLX +1.39%): Tracking for its best month since May 2023.

🔍 Noteworthy Moves

 - Twilio (TWLO +0.82%): Buy rating initiated by Needham, $125 target.

 - Lyft (LYFT +2.77%): Activist pressure mounts for board overhaul.

 - Boeing (BA -0.06%): S&P removes CreditWatch Negative label.

 - Gilead (GILD -1.92%): Pays $202M to settle HIV drug marketing probe.