POWELL: “While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.” nytimes.com/2025/04/04/bus…

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Today’s Wall Street Journal front page:

Last year The AP announced a sister org, the AP Fund for Journalism, to raise philanthropic funds for local news reporting. Today APFJ is announcing its first project – a pilot to supply nearly 50 nonprofit news outlets with editorial tools, training, and wire service content...

JP Morgan Chase CEO: “America First is fine, as long as it doesn’t end up being America alone. If the Western world’s military and economic alliances were to fragment, America itself would inevitably weaken over time." cnn.com/2025/04/07/bus… by Matt Egan & David Goldman

NEWS: China misses deadline to remove retaliatory tariffs, US to impose additional 50% tariff - bringing total to 104% on Chinese imports - starting tomorrow

THE BOND MARKET = The whole ball game

It begins…. Walmart pulls operating income guidance… In a news release, the discounter said it wants to “maintain flexibility to invest in price as tariffs are implemented.” It did not provide a new range for first-quarter operating income. It had projected an increase of

Today I am reminded of this quote from James Carville - "I used to think that if there was reincarnation, I wanted to come back as the President or the Pope or a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody."

On Monday we had Ksenia’s boyfriend on with Megyn Kelly making a direct plea to the Trump administration to help get his girlfriend freed… this morning, she’s on her way back to America…

See you tonight at 9 p.m. ET. cnn.com/2025/04/07/pol…

❤️❤️❤️❤️ your weekend must read folks! Kaitlan Collins

China halting all Boeing orders bloomberg.com/news/articles/…

"May we joyfully and humbly cultivate the little seed entrusted to us. We need the patience of those who sow without expecting anything, knowing how to wait for God’s surprises." Pope Leo XIV

A reminder of why there’s no one quite like Warren Buffett — what a run. Wisdom for a lifetime: youtube.com/watch?v=7u7-UN…

SO excited!! CNN has been my home for the last 7 years and can’t wait to continue working with the best team on the biggest stories ahead

Legend ❤️ We adore you Wolf Blitzer

With gratitude to all for whom uncommon valor was a common virtue

WE DEM BOYZ. and don’t you ever forget it.

Simply the best. Bravo on all your amazing reporting Alex Marquardt — and all that is to come!