Nathan Hager

official says Qatar has been a key back channel for

on discussions to end the war.

Investors are cheering another strong jobs report.

115,000 non-farm payrolls added in April for the biggest back-to-back gain in the labor market since 2024.

White House economic advisor Kevin Hassett says jobs are rip-roaring.

National Economic Council Director Kevin Hassett appeared on Bloomberg Radio and Television.

Consumers might not be feeling it, though.

The University of Michigan's Preliminary Sentiment Index for May hit a record low, 48.2, even lower than last month's record, 49.8.

Joanne Hsu is Michigan's Director of Consumer Surveys.

She says it's all about inflation.

Michigan's Joanne Hsu on Bloomberg Radio.

The survey also shows consumers expect 4.5% inflation over the next year.

That's down slightly from last month's reading.

Five to 10 years out, they see prices rising 3.4%.

Right now, it's stocks that are rising, with the S&P 500 up seven-tenths of 1%, getting close to 7,400.

Right now, the Dow Jones Industrial Average is little changed, but the tech-heavy Nasdaq Composite is surging by 1.3%.

Ten-year Treasury yields down about 2.5 basis points to 4.36%.

And with tensions in Hormuz, crude oil is back on the rise.

West Texas Intermediate's up 1% above $95 a barrel.

Brent is close to $102.