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According to a report by Jinse Finance, The Kobeissi Letter analysis indicates that U.S. consumer economic expectations have dropped to crisis levels: the consumer confidence index plummeted by 8 points, falling to 86 in April, marking the weakest level since May 2020. This also signifies the fifth consecutive month of decline, with confidence dropping across all age groups and most income brackets. Worryingly, consumer expectations for the next six months have decreased by 13 points, down to 54, the lowest level since October 2011. According to data from the Conference Board, readings below 80 typically signal an impending economic recession. The unprecedented pessimism among Americans regarding the economic future is alarming.

According to a report by Jinse Finance, Bitcoin briefly fell below the $94,000 mark on Wednesday after the release of U.S. macroeconomic data, with a daily decline of 1%. Major altcoins like Ethereum and Solana also fell in tandem, with the total cryptocurrency market value retracting nearly 4%. The U.S. economy contracted by 0.3% in the first quarter, below the expected growth of 0.2%. The core PCE in March rose by 2.6% year-on-year, matching expectations but lower than the revised February figure of 3.0%. In April, ADP employment added 62,000 jobs, a significant drop from March's 147,000. David Hernandez, a crypto investment expert at 21Shares, pointed out: "Federal funds futures now show that the market expects the Federal Reserve to cut rates more than four times this year. In the context of slowing inflation and signs of economic recession, policymakers' balancing act will be key to market trends in the coming weeks." Kirill Kretov, a senior automation expert at CoinPanel, believes that rate cuts will benefit Bitcoin through a triple mechanism: a weaker dollar, improved liquidity, and declining Treasury yields. "The -0.3% GDP data, combined with President Trump's increased pressure on the Federal Reserve, significantly raises the probability of a dovish policy shift. In the current context of thin Bitcoin liquidity, even moderate capital inflows could lead to a substantial price increase." The market generally believes that weak economic data may force the Federal Reserve to start an easing cycle earlier.

According to a report by Jinse Finance, U.S. President Trump told Musk, "You can stay as long as you want." Trump stated that Musk has been a great help and has been treated unfairly, and Musk wants to return to his automotive business. Previously reported, on April 23, Musk said that the work of the U.S. Government Efficiency Department (DOGE) is important. He will return to Tesla in May, and the time allocated to the DOGE department will be significantly reduced. "As long as the President is willing, I will spend one or two days a week in the DOGE department."

According to a report by Jinse Finance, an official announcement from the White House states that President Trump has once again urged Congress to pass a "big and beautiful bill," which is the largest tax cut measure in U.S. history. After the bill is passed, it is expected that: In the short term, the actual GDP will grow by 3.3 to 3.8%, and in the long term, the actual GDP will grow by 2.6 to 3.2%; Real wages will increase by $3,300 annually; Middle-class family income will increase by $5,000 annually; 4.1 million new jobs will be created.

According to a report by Jinse Finance, sources have revealed that recently, the U.S. has proactively reached out to China through various channels, hoping to negotiate on tariff issues. Recently, U.S. President Trump and his trade team have frequently hinted that the U.S. is engaged in trade negotiations with China. International trade negotiation experts and Tan Zhu analyze that the more frequently the U.S. releases such information, the more it reveals its eagerness to push forward the negotiations. From a negotiation perspective, the U.S. is currently the more anxious party. The Trump administration is under multiple pressures, primarily economic pressure, followed by public opinion pressure. Tan Zhu believes that before the U.S. takes substantive actions, China has no need to negotiate with the U.S. However, if the U.S. wishes to engage with China, it is not disadvantageous for China at this stage. China needs to observe and even force out the U.S.'s true intentions, gaining the initiative in both negotiation and confrontation.

According to a report by Jinse Finance, U.S. President Trump stated during a cabinet meeting that the stock market is just a barometer, and he does not believe the stock market is all-powerful. The stock market reflects how dire the situation was when we took over from the Biden administration. He refrains from judging the merits of the stock market's condition.

Jinse Finance reports that U.S. President Trump talks about the trade agreement: I think we are doing very well. Previously, it was reported that U.S. President Trump stated that tariffs have not yet taken effect.

According to a report by Jinse Finance, U.S. President Trump stated that the "big beautiful bill" currently in the works might be "bigger than tariffs." Trump praised Senate Majority Leader Thune for his legislative efforts and added that Democrats are "trying to block it at every turn," warning that "if they succeed, it would mean a 58% tax increase." Trump reiterated that the proposed spending bill would mean "the largest tax cut in American history."