**__ Diplomatt’s Daily Digest – March 29, 2022__**
Good morning and happy Tuesday, everyone! Stock futures rose this morning, putting the major averages on track to build on the previous session’s gains as traders awaited key economic data. Consumer confidence and home price data will be released Tuesday, ahead of Friday’s monthly jobs report. According to Dow Jones estimates, economists expect to see 460,000 jobs added in March and the unemployment rate to fall to 3.7%. Traders are also monitoring the latest developments in the Ukraine-Russia war as peace talks in Turkey get underway. To be sure, both sides have said they are not close to reaching a deal. Ahead of the negotiations, Ukrainian Foreign Minister Dmytro Kuleba noted that „nothing is agreed upon unless everything is agreed upon.“ Meanwhile, the U.K. warned that Russian troops still pose a „significant threat“ to the Ukrainian capital of Kyiv, noting that Russia is reorganizing its forces. Meanwhile, the 5-year Treasury note rose above the 30-year on Monday, marking the first inversion since 2006.

Quote of the week: „Learn as if you will live forever, live like you will die tomorrow.“ — Mahatma Gandhi

**General News:**
• President Biden’s 2023 federal budget was announced on Monday and proposes tax hikes on the ultra-wealthy and corporations while providing billions of dollars in new spending for the Defense Department and the Justice Department. [I will be posting a more in-depth breakdown of this today.]
• The operator of Domino’s Pizza stores in China, DPC Dash, applied to go public on the Hong Kong stock exchange.
•Inflection AI, the startup launched earlier this month by LinkedIn billionaire Reid Hoffman and DeepMind co-founder Mustafa Suleyman, has poached artificial intelligence gurus from Google and Meta.
• Dairy Queen is expanding its burger offerings as the fast-food chain looks beyond Blizzards and desserts in an effort to expand business operations.
• Bill Gates and Blackrock are backing the startup Source Global, which manufactures hydropanels that creates water out of thin air.
• FedEx Corp. announced that Fred Smith would step down on June 1 as CEO of the package-delivery company that he founded and be succeeded by the company’s president and chief operating officer.
• Walmart Inc. is ending cigarette sales in some U.S. stores after years of debate within the retail company’s leadership ranks about the sale of tobacco products.
• Saudi Arabia’s energy minister said Tuesday that OPEC+ would keep politics out of its decision-making in favor of the „common good“ of stabilizing energy prices.

**StockTwits Top 10 Trending Tickers of the Day:**
1. AMC
2. TSLA
3. SPY
4. HYMC
5. MULN
6. NILE
7. GME
8. SNDL
9. BTC
10. TLRY