citing the budgetary burden the government faces amid high interest rates. The U.S. is running a massive budget deficit as interest costs for Treasury debt continued to rise due to a combination of higher interest rates and more debt to finance. The fiscal deficit totaled $1.05 trillion year to date, 13% higher than a year ago. The influx of tariffs helped shave some of the imbalance last month, however. The benchmark 10-year Treasury yield shot 3 basis points higher in after-hours trading, trading at 4.48%. Expect more downgrades to come.

up 23% since the April 2 market bottom. Bulls foresee further profit through its flywheel, ad-supported tiers, live sports, gaming, and expansion into physical locations. Despite a high valuation, Netflix’s potential for rapid earnings growth could make it a worthwhile investment. Buy (NFLX) on dips.

Import prices gained 0.1% last month after dropping 0.4% in March, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast import prices, which exclude tariffs, would decrease 0.4%. In the 12 months through April, import prices edged up 0.1%.

because they have the fewest US factories. New car imports face a 25% tariff and reduced tariffs on parts that are not compliant with the United States-Mexico-Canada Agreement. About half of the new cars sold in the U.S. are imported. For the other half of cars that are assembled domestically, half of their parts are imported, with most of the foreign parts coming from Canada and Mexico. An average car price increase of between $3,000 and $4,000, or about 7% of the average price of a new vehicle. You should have bought that Mercedes last year.

Medicaid, Medicare, and Social Security are under scrutiny for cost savings by the Trump administration and Republicans in Congress. If some of the Republican proposals go through, critics say, they would undermine core government programs that provide health and financial security to much of the country. Medicaid, covering one in five Americans—or more than 70 million people—is the largest near-term target. On Sunday night, House Republicans unveiled $880 billion of proposed cuts, primarily from energy and health programs over the next decade, mostly coming from Medicaid. Local hospitals are panicking that they are about to get hit with an onslaught of ill, uninsured patients.