Axios

Markets can behave weirdly, and maybe this will turn out to be just a few bumpy trading days. But the world's most important financial markets — for the dollar and Treasury securities — are signaling that something fundamental is shifting beneath our feet.

For decades, the world has invested in America. Now, a global moment of clarity threatens to redirect trillions of dollars of capital inflows and diminish the U.S. in the international economic order. My latest for Axios. https://lnkd.in/ezXF5M9i

BREAKING: U.S. consumer confidence plunged for the fourth consecutive month in early April, the University of Michigan said. "Consumers report multiple warning signs that raise the risk of recession: expectations for business conditions, personal finances, incomes, inflation, and labor markets all continued to deteriorate this month," the University of Michigan said.

Communication and marketing teams at multinational companies are grappling with how America's reputation might be affecting their own. This week's Axios Communicators newsletter examines this, PLUS... — How CEOs are communicating amid trade chaos — Netflix's new DC-whisperer — and Dire Wolf PR dominance Go deeper: https://lnkd.in/eKQ5kJ-3

The White House announced that shipments valued at $800 and sent through the international postal network from China to the U.S. will now face a 120% tariff (or $100 per item from May 2 to June 1, and then $200 per item beginning June 1). https://trib.al/iLFXwI8

America's top business leaders are starting to communicate through the uncertainty in anticipation of changing consumer habits and prices. https://trib.al/WvKajfU

Anti-American sentiment abroad has been on the rise, with Trump's unpredictable trade policies exacerbating the issue. https://trib.al/CiGOoDA

🚗 🤖 As robotaxis gain ground in cities like San Francisco, LA and Phoenix, some are wondering: What will happen to ride-hailing drivers? Automation is reshaping industries — from manufacturing floors to retail checkouts — and transportation is no exception. But just like cashiers and factory workers, Uber and Lyft drivers aren’t disappearing anytime soon, Axios' Joann Muller reports. According to Gridwise Analytics, robotaxis have not significantly impacted ride-hailing drivers so far. “Drivers are still working at the same pace, getting the same incentives, and taking as many trips as before,” co-founder and CEO Ryan Green tells Axios. And the ride-hailing pie is still growing. The hassles and costs of owning a car in urban areas have fueled the growth of ride-hailing platforms, especially among younger people. Read more here: https://trib.al/9UsfkwB To stay ahead of the trends upending the auto industry, including electrification and the AI revolution, sign up for Axios' Future of Mobility newsletter: https://trib.al/awEJFbr

BREAKING: Consumer prices fall in March, with much cooler inflation https://trib.al/iSHrj0T

Axios' Future of Defense: Aviation, Weapons and Technology Innovation Axios hosts an event in Washington, D.C. on the future of defense innovation in a new Washington.