🤝 First Tariffs Deal

and BTC Crosses $100k

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Good morning investors! Yesterday was a rocking day with most sectors closing higher and BTC breaking barriers thanks to positive tariff movement.

Today we cover:

  • UK and USA sign a deal

  • Big earnings

  • BTC crosses the $100k mark

Did you know that the World Wide Web was born in Geneva, Switzerland? Indeed, the first version of the Internet cropped up at CERN in 1989.

Today the world-renowned center is home to the largest particle accelerator and to the CERN Science Gateway – a must-see hub for science enthusiasts that features hands-on exhibits, immersive virtual reality experiences, and live demonstrations.

📊 Economy and News 

Trump Announces U.S.-UK Trade Deal Framework Amid Tariff Tensions

President Donald Trump unveiled the framework of a new trade agreement with the United Kingdom, the first such deal since recent tariff hikes.

The deal outlines expanded U.S. export access, particularly in agriculture, and commits the UK to lower non-tariff barriers:

  • A 10% baseline tariff on UK imports and a tiered system for UK auto exports—10% on the first 100,000 vehicles annually, rising to 25% for additional units.

  • Enhanced access for U.S. beef, ethanol, aerospace components, and pharmaceuticals.

  • Cooperation on intellectual property, labor, and environmental standards, and aims to streamline customs and procurement rules.

The deal calls for negotiations on an alternative to the Section 232 steel and aluminum tariffs and the formation of a trading bloc for those sectors.

Despite the announcement, experts said the deal is narrow in scope and unlikely to be a model for broader trade talks, particularly with countries where the U.S. runs large trade deficits.

Global hits:

Jobless claims: U.S. jobless claims fell more than expected last week, signaling continued labor market strength despite growing economic uncertainty from new tariffs. Initial unemployment claims dropped by 13,000 to 228,000 for the week ending May 3, slightly below forecasts.

The drop partly reversed a recent spike linked to spring school breaks in New York.

Check this: U.S. worker productivity dropped in the first quarter for the first time in nearly three years. Also, Robert Prevost is first American pope. Lastly, Bill Gates pledged to give away $200 billion via his charitable foundation by 2045 and lashed out at Elon Musk, accusing him of "killing the world's poorest children" through huge cuts to the U.S. foreign aid budget.

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📈 Stocks

S&P 500 5,663.94 (+0.58%)
DJIA 41,368.45 (+0.62%)
NASDAQ 17,928.14 (+1.07%)
BRENT CRUDE 62.84 (+2.81%)
* Prices as of May 9th, 12:20 AM UTC

Restaurant Brands Sees Sales Rebound After Weak Q1

Restaurant Brands International reported weaker-than-expected earnings and revenue for the first quarter:

  • Earnings per share: 75 cents adjusted vs. 78 cents expected

  • Revenue: $2.11 billion vs. $2.13 billion expected

Net income dropped to $159 million, or $0.49 per share, down from $230 million a year ago. The company attributed a 21% rise in net sales largely to stronger performance at Popeyes and Firehouse Subs.

Overall same-store sales grew just 0.1%, with declines across all major brands:

  • Tim Hortons’ sales dipped 0.1%

  • Burger King dropped 1.3%

  • Popeyes saw the steepest fall at 4%

International markets showed more resilience, with same-store sales up 2.6%.

Despite the slow start, Restaurant Brands reported improving momentum in the second quarter and reiterated its long-term targets: 3% same-store sales growth and 8% organic adjusted operating income growth through 2028.

Capital spending for 2025 is expected to remain between $400 million and $450 million.

Shocking: Krispy Kreme stock plunged -24% after the company reported a drop in sales, suspended its dividend, and withdrew its full-year forecast, citing economic weakness. The doughnut chain also said it is reassessing its planned rollout with McDonald’s, adding to investor concerns.

On the other hand, Toyota Motor forecast a 21% profit decline for the current financial year, due to tariffs and an appreciating yen.

Good to know: Boeing now plans to deliver new Air Force One jets in 2027, before Trump leaves office. Also, Palantir jumped 8% reaching a market cap of $281 billion yesterday to break into America's top 10 technology companies. However, it's trading at a premium – 520 times trailing earnings.

Executives from OpenAI, Microsoft, AMD, and CoreWeave testified before the Senate Commerce Committee, advocating for policies to bolster U.S.

More earnings:

  • Lyft shares jumped 7% after the company boosted its share buyback plan to $750 million in its first quarter earnings report. Rides jumped 16% during the period to 218.4 million, while active riders grew 11% to 24.2 million. For the second quarter, Lyft said it anticipates rides growth in the mid-teens from a year ago. Gross bookings are expected to range between $4.41 billion to $4.57 billion.

  • Affirm, the provider of buy now, pay later loans reported, beat on third-quarter earnings and met expectations for revenue. The company’s revenue forecast for the current trailed Wall Street estimates. Gross merchandise volume, or GMV, a key industry metric that helps gauge the total value of transactions, increased 36% from a year earlier. Still, it fell 8% after the bell.

  • Pinterest reported first-quarter earnings that beat on sales but missed on earnings per share, yet the stock jumped 15%. The social media company said second-quarter sales should come in the range of $960 million to $980 million, slightly higher than expectations. The platform had 570 million monthly active users in the first quarter, ahead of Wall Street estimates of 565 million. Like other social companies, Pinterest also expected reduced ad revenue.

  • Shopify declined after reporting a Q1 net loss of $682M, missing analyst expectations of a $341M profit. Despite revenue of $2.36B slightly exceeding forecasts, the company issued cautious Q2 guidance, projecting gross profit dollar growth in the high teens, below the anticipated 21.4%.

🔐 Crypto

Bitcoin $103,023 (+6.91%)
Ether $2,179 (+20.43%)
Solana $158.21 (+17%)
Total market cap $3.15 (+7.26%)
* Prices as of May 9th, 12:20 AM UTC

Bitcoin Surges Past $100,000 as Confidence in U.S. Safe-Haven Status Wavers

Bitcoin climbed above the $100,000 mark on Thursday, reaching its highest level since February. As investors lose faith in US stocks, bitcoin appears to be benefiting from a shift in sentiment.

The cryptocurrency, however, still needs to surpass its January peak of around $109,350 to signal a more definitive breakout. Until then, it may remain confined within its recent post-election range of $70,000 to $109,000 for at least another two months.

In related news, Geoffrey Kendrick, head of digital assets at Standard Chartered, recently admitted his $120,000 bitcoin target for Q2 may be too low. Last month, he projected a new all-time high driven by a shift away from U.S. assets and whale accumulation. He now sees the rally continuing through summer, with bitcoin possibly hitting $200,000 by year-end.

💵 Personal Finance

How to be a day trader - Part X

Still interested in day trading? Here’s more you need to do as today’s section covers fundamental analysis.

While day trading often focuses on technicals, fundamental analysis can uncover short-term opportunities.

Earnings reports, economic data releases, and breaking news like mergers or policy changes drive intraday price swings. For instance, a strong earnings beat can trigger a stock’s breakout, while a Federal Reserve announcement may spike forex volatility.

Traders should monitor economic calendars for events like Non-Farm Payrolls or interest rate decisions.

News platforms and social media, like posts on X, provide real-time updates to catch market-moving developments.

The key is to act quickly—scan for catalysts, assess their impact, and align trades with technical setups.

Avoid trading during chaotic news spikes, as spreads widen and slippage increases. Instead, wait for price stabilization to confirm trends.

Fundamental analysis complements technical strategies by providing context for sudden moves. Beginners should start with one or two asset classes, like stocks or forex, to master integrating fundamentals. By staying informed and disciplined, traders can capitalize on news-driven volatility while managing risk.

💰 Be a Better Investor

"The way to make money is to buy when blood is running in the streets."

John D. Rockefeller

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Nothing in this newsletter is financial advice. Always do your own research and think for yourself.