📊 Market Snapshot

• DOW: 🔼 1.51% (38,686.32)

• S&P 500: 🔼 0.80% (5,277.51)

• NASDAQ: 🔽 0.012% (16,735.02)

• BTC: 🔽 1.12% (67,570.50)

• ETH: 🔼 1.03% (3,785.45)

📎 Market Clips

• The Fed’s preferred inflation measure increased by 0.2% in April, as anticipated

• Orange juice prices are skyrocketing, prompting some producers to consider alternative fruits

_{*Stock numbers as of market close, cryptocurrency as of 5:55pm EST yesterday. Source for Market Clips.}

First Report

🚨 Trump’s Appeal: What to Expect

Former President Trump’s legal team began outlining its appeal strategy within hours of his conviction in New York, but experts tell Axios it will be an uphill battle. Given the high bar to overturn the verdict and the timeline, Trump will almost certainly still be a convicted felon on election day. Both parties have until June 13 to file motions in the case, and sentencing is set for July 11. After that, Trump would have 30 days to file an appeal. The process is expected to take several months, making it unlikely to conclude before November. 🔎 👨‍⚖️ 

TL;DR ⏳: Trump’s chances of overturning his conviction before the election are slim, and the appeal process is expected to stretch out for months, possibly keeping him free on bail during this period.

Together with Bay Area times

Visual-based newsletter on business and tech

We explain the latest business, finance, and tech news with visuals and data. 📊

All in one free newsletter that takes < 5 minutes to read. 🗞

Save time and become more informed today.👇

Second Report

🎬 Robert De Niro Loses Award

Robert De Niro is no longer set to receive an award for his philanthropy from the National Association of Broadcasters’ Leadership Foundation. The decision came after De Niro’s public support for President Joe Biden outside Donald Trump’s trial. The foundation cited a need to avoid distractions from the philanthropic work being honored. 🏆️ 🎤 

TL;DR ⏳: De Niro loses philanthropy award due to his political comments at Trump’s trial, as the foundation aims to keep the focus on service.

Presented by beehiiv

2024 is here. It’s time to transform your newsletter goals into reality with beehiiv. 

Born from the minds behind Morning Brew, beehiiv offers an intuitive, no-code platform that simplifies newsletter creation and website design. Equip yourself with advanced growth tools, monetization strategies, and analytics that matter. 

Trusted by the world's leading newsletters, beehiiv is not only top-tier but also the most wallet-friendly option available. 

Begin your free trial today — no credit card, no hassle. 

Start building →

⚡ Quick Hits

1. 🛑 Texas Supreme Court keeps abortion bans in place, allows lawsuit to continue

2. 👮‍♂️ A heroic officer was ambushed and killed by a gunman he tried to help, another victim is dead, and several others are wounded

3. 🚶‍♂️ Joe Manchin leaves the Democratic Party, files as independent

4. 💵 UVA to pay $9M related to shooting that killed 3 players

5. 🇮🇱 Biden announces Israel has offered a three-part proposal to end the war in Gaza

6. 💣 Yemen’s Houthis threaten escalation after American strike using 5,000-pound bunker-buster bomb

7. 📉 Advisory firms urge Tesla shareholders to reject Elon Musk’s ‘excessive’ pay package

8. 🛒 Costco posts Q3 earnings beat, US same-store sales jump 6%

9. 🔓 Santander staff and ‘30 million’ customers hacked

10. 📈 Nvidia set to overtake Apple as world’s second-most valuable company

Games

Fun Fact: Did you know? In Florence, Italy, there are ancient “wine windows” in some old buildings. These little windows were used during the plague to sell wine without any direct contact. Talk about social distancing with style! Imagine getting your vino through a tiny window—cheers to creative solutions! 🍷🪟