DALY: CONSUMERS NERVOUS ABOUT ECONOMY, BUT SPENDING DALY: THOSE ARE STRONG PILLARS

DALY: CURRENT POLICY IS IN A VERY GOOD PLACE

China Economy & Markets - China home prices rise in tier-1 cities; declines ease elsewhere in March - Hang Seng Tech Index rises 1.7% intraday, reclaims 5,000 level, hits highest since March 20 - China Q1 GDP +5.0% YoY, growth accelerates to 33.42 trn yuan - China March survey-based jobless rate in 31 major cities at 5.3%, hits highest since Aug last year - China stats bureau deputy head: daily token usage exceeds 140 trillion, up 40% from end of last year Geopolitics & Iran Conflict - Trump: Israel and Lebanon talks will happen tomorrow - US military widens scope of Iran shipping blockade to include contraband items such as munitions, weapons - advisory note - Top U.S. General Caine: US forces ready to resume at a moment’s notice - Iran emphasized US must drop “excessive demands”: Tasnim - Israeli source to Reuters: a ceasefire in Lebanon could be announced as soon as tonight April 16 - Trump: we have a very powerful statement that Iran will not have nuclear weapons; goes beyond 20 years; if there's no deal with Iran, fighting will resume Technology & Corporate - TSMC Q1 profit jumps 58% to record, beats estimates on AI demand - Google in talks with Pentagon to use Gemini models: Information US & Global Markets - Nasdaq marks 12th consecutive daily gain for longest winning streak since July 2009 US–China Relations - China, US maintain communication on potential Trump visit