**__ Diplomatt’s Daily Digest – April 14, 2022__**
Good morning and happy Thursday! A friendly reminder that the market will be closed tomorrow. Stock futures were muted Thursday morning as investors awaited quarterly earnings results from some of the biggest U.S. banks. Wells Fargo, Goldman Sachs, Morgan Stanley, and Citigroup will post their first-quarter earnings on Thursday. Investors will be monitoring how banks weathered macro headwinds during the quarter, particularly a flattening yield curve. Traders are also waiting on the March retail sales figures at 8:30 a.m. E.T. Wednesday’s market reversal came after an initial batch of quarterly results from Delta, Fastenal, and BlackRock, which came in better than expected. Investors have been eager to see how well companies have managed mounting inflationary pressures. In other economic data, import prices and jobless claims are also set to come out at 8:30 a.m. E.T.
Quote of the week: “The secret of getting ahead is getting started.” – Mark Twain
• Elon Musk has offered to buy Twitter for $54.20 a share, or roughly $43 billion in total.
• Sweden and Finland are now looking to join NATO due to Russia’s Aggression. Russia says a nuclear-free Baltic region would no longer be possible if Finland and Sweden join NATO, alluding to additional nuclear deployments in Europe.
• JPMorgan shares lost more than 3% after posting a $902 million charge for building credit reserves for anticipated loan losses and $524 million in losses tied to Russia-linked market upheaval.
• Amazon sellers who use the company’s packaging and delivery service will see a 5% surcharge on shipping due to rising fuel prices and growing inflation.
• California’s clean-air regulators unveiled a plan this week that would ramp up the sale of electric and zero-emission vehicles while phasing out new gasoline-fueled vehicles by 2035 in an aggressive effort to combat the state’s greenhouse gas pollution.
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