Severe storms are sweeping the U.S. South and Midwest, spawning damaging tornadoes and causing flooding in multiple states into Thursday, when at least four people were reported dead.
The big picture: The National Weather Service warned the "powerful Spring storm system will bring a barrage of life-threatening weather hazards" to parts of the Lower Ohio Valley and Mid-South Thursday through at least Saturday.
The carveouts for energy in President Trump's sweeping tariffs can't shield the sectors from collateral damage as markets digest the sweeping global penalties.
The latest: U.S. crude oil prices are down more than 6% this morning, even though oil, gas and certain minerals are exempted.
New OPEC+ plans to speed up supply additions are also weighing on oil prices.
Tesla's vehicle deliveries plunged 13% in the first quarter, compared with a year earlier, as the company faces a backlash over CEO Elon Musk's political actions.
Why it matters: The datapoint marks one of the first significant indicators that Tesla's brand reputation is suffering from Musk's chainsaw-wielding leadership of the Department of Government Efficiency in the Trump administration.
