**__ Diplomatt’s Daily Digest – April 6, 2022__**
Good morning and happy Wednesday! Stock futures dipped in early morning trading Wednesday as investors await the latest insights into the Federal Reserve’s policy tightening. Minutes from the Fed’s mostqgycbgecent meeting are slated for release Wednesday afternoon. Investors are bracing for new details about the Fed’s plan to reduce its balance sheet. The moves in stock futures came after a day of losses on Wall Street. Those declines occurred after Fed Governor Lael Brainard indicated support for higher interest rates and said a swift reduction of the central bank’s balance sheet could begin as soon as May. „It is of paramount importance to get inflation down,“ Brainard said during a Minneapolis Fed webinar. Brainard has been nominated to be vice-chair of the Federal Open Market Committee. San Francisco Fed President Mary Daly also pledged rate hikes ahead while sharing concerns about inflation. „I understand that inflation is as harmful as not having a job.“ Investors also kept an eye on the latest developments out of Europe as the Ukraine-Russia war continues.

Quote of the week: „Wake up determined, go to bed satisfied.“ – Dwayne „The Rock“ Johnson

**General News:**
• The European Union and the U.S are preparing to slap new sanctions on Russia after evidence emerged of war crimes allegedly committed by Russian forces. The new sanctions include a ban on Russian coal imports.
• Surging interest rates push mortgage demand down more than 40% from a year ago.
• JetBlue Airways made a $3.6 billion all-cash offer for Spirit Airlines, raising questions about Spirit’s deal to combine with rival discount carrier Frontier Airlines.
• Uber is driving ahead with its plan to become a travel „super-app.“ It has announced that it is adding trains, buses, planes, and car rentals to its U.K. app this year. The move is part of a pilot that could be expanded to other countries later if it goes well.
• Tesla CEO Elon Musk has been buying Twitter shares almost daily since the end of January, spending $2.64 billion for his current stake in the company and receiving a seat on the board of directors. On the heels of this news, Twitter plans to test an edit button.
• HBO Max executive vice president and general manager Andy Forssell are leaving WarnerMedia ahead of the company’s merger with Discovery.
• Lexus, the luxury automaker owned by Toyota, announced that it would reveal its first electric vehicle on Wednesday, April 20.
• Block, the company behind the mobile payment service Cash App, has acknowledged a Cash App data breach in which a former employee accessed reports that included U.S customer information.

**StockTwits Top 10 Trending Tickers of the Day:**
3. SST
10. F

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