Good morning! Here are the key stories and updates for Wednesday, April 29, 2026.
🏛️ White House & National News
- UK State Visit: President Trump and First Lady Melania Trump are hosting King Charles III and Queen Camilla for a state visit at the White House. The visit includes a state dinner to celebrate the bond between the U.S. and the United Kingdom.
- Correspondents' Dinner Shooting: Investigations continue into the recent shooting at the White House correspondents' dinner. A suspect is expected in court as more details emerge about the attack inside the ballroom.
- Purdue Pharma Sentencing: The company is scheduled to be sentenced today in its criminal opioid case, though reports indicate top leaders may avoid individual charges.
⚖️ Politics & Law
- Supreme Court Roundup Case: The High Court is hearing arguments regarding which authorities have the power to oversee Roundup herbicide lawsuits.
- Florida Special Session: The Florida Legislature begins a special session today to discuss Governor Ron DeSantis' proposed congressional redistricting maps.
- Powell Investigation: The U.S. Justice Department has dropped its probe into Federal Reserve Chairman Jerome Powell.
🌍 World Briefs
- UK Parliament: Keir Starmer faces a "precarious day" in Parliament following recent revelations regarding his handling of diplomatic posts.
- NATO Tensions: NATO officials stated there is "no provision" to expel members amid rumors that the U.S. might seek to suspend Spain.
🪙 Bitcoin Market Snapshot
- Current Price: Bitcoin is trading at approximately $77,510, up about 1.56% over the last 24 hours.
- Bullish Momentum: BTC recently rebounded from a support level of $75,600 as traders eye a potential breakout toward the $80,000 mark.
- Monthly Performance: Bitcoin has rallied nearly 15% in April, though it remains about 40% below its October 2025 all-time high of $126,000.
📈 Top Market Drivers
- Fed Decision Watch: Markets are in a "wait-and-see" mode ahead of Federal Reserve Chair Jerome Powell's final press conference, which is expected to shape near-term liquidity and risk appetite.
- Institutional Inflows: U.S. spot Bitcoin ETFs recorded over $2 billion in net inflows for April, marking the second consecutive month of positive growth.
- Geopolitical Impact: Ongoing Middle East tensions, specifically fears of a Strait of Hormuz blockade, continue to drive oil prices higher and weigh on broader risk sentiment for digital assets.
Would you like a more detailed breakdown of today's Fed expectations or the latest institutional buying from firms like BlackRock?
All responses may include mistakes. For financial advice, consult a professional. Learn more
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