In today’s pre-mkt summary for Subscribers: China maintains tough stance on potential tariff deal with U.S; Polymarket still puts odds >50% that U.S. enters recession; futures show 8% chance Fed cuts rates at May 6-7 meeting; $Chipotle Mexican Grill(CMG.US) blames first negative comps since COVID on economic uncertainty and tariffs; our cautious stance on $Tesla(TSLA.US) reflects -15% decline in FY’25 earnings ests since Tues as analysts cut FY’25 deliv ests, and our skepticism that more affordable vehicles will generate incremental volume.
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