Brent crude oil fell below $108 per barrel, down 1.91% on the day.

Apple (AAPL.O) CFO: The company is applying for tariff refunds "through normal procedures" and will reinvest any recovered amounts in its advanced manufacturing projects in the United States.

1. Not ruling out continued hostilities —Trump refused to rule out the possibility that hostilities might continue. When asked if he was "eager to break the ceasefire," Trump replied, "I don't know if we need to do that," adding, "We might really need to." 2. Indifferent to Powell's continued tenure—Trump stated that he wouldn't care if Powell remained on the Federal Reserve Board after his term as Chairman ended. "I just want to make sure Kevin can hold that position." 3. Renewed dissatisfaction with German Chancellor's comments on Iran —Trump stated that German Chancellor Merz should spend more time ending the Russia-Ukraine conflict and repairing his broken country, especially addressing immigration and energy issues, rather than interfering with efforts by countries working to eliminate the Iranian threat. 4. No objection to Iran playing in the US World Cup —Regarding the Iranian national men's football team's participation in the 2026 World Cup in the US, Trump stated that since FIFA President Infantino had spoken, he had "no objection," adding, "Let them play." 5. Not Invited to Russia's Victory Day Parade – Russian Presidential Press Secretary Dmitry Peskov stated that President Vladimir Putin did not invite US President Donald Trump to the Victory Day parade to be held in Moscow on May 9th. 6. Proposes New Plan to Open the Strait of Hormuz – Trump proposed a new plan to reopen the Strait of Hormuz. Under this plan, the US would continue its blockade of Iranian ports while coordinating with allies to increase pressure on Iran regarding its attempts to disrupt the free flow of energy. 7. Family Company Signs Arms Procurement Agreement with Government – The US Air Force has agreed to purchase an undisclosed number of interceptor drones from Powerus, a company backed by President Trump's son. This is the company's first contract to sell such weapons to the US military. 8. Proposes Mandatory Cognitive Test for Presidential and Vice Presidential Candidates – Trump stated that anyone running for president or vice president should be required to undergo a cognitive ability test before officially entering the race! Only then will we not be surprised that people like Obama or Biden were elected. 9. Eliminate some whisky tariffs – Trump announced that, in tribute to the King and Queen of England, he would eliminate whisky tariffs and restrictions related to cooperation with Scotland and Kentucky in the whisky and bourbon sector. 10. Launch the “Trump IRA” program – Trump officially launched the “Trump IRA” program, opening low-cost individual retirement accounts (IRAs) for millions of Americans. 11. Again attack ABC host Kimmy Kimmel – Trump again attacked ABC’s popular talk show host Jimmy Kimmel, saying the network was asking for trouble by having Kimmel host its show.