Karen Moscow

Meanwhile, inflation adjusted consumer spending increased one-tenth percent from January after stagnating in the prior month.

Recurring applications for U.S.

jobless benefits fell to the lowest level in almost two years, adding to evidence of stabilization in the labor market.

Continuing claims, a proxy for the number of people receiving benefits fell to 1.79 million in the week that ended March 28th.

That's the least since May 2024.

Initial claims rose to 219,000 in the week ending April 4th.

And fourth quarter GDP was revised downward to a half percent annual rate.

CoreWeave has struck another $21 billion deal to supply computing power to meta-platforms through 2032.

It's deepening its business with a social media giant that's trying to catch up in the race to build advanced AI models.

Round one of the Masters underway at Augusta National.

And stocks are falling.

Oil is rising as optimism over the U.S.-Iran ceasefire fades, with both sides accusing each other of violating the agreement.

Equities remain lower after that data showed inflation matched expectations.

S&P futures down a quarter percent.

Dow futures down a third of a percent.

Nasdaq futures down a tenth of a percent.

Ten-year treasury yield 4.29 percent.

And that's news when you want it with Bloomberg News Now.

I'm Karen Moscow and this is Bloomberg.

News when you want it with Bloomberg News Now.