Trump says U.S. has struck ‘comprehensive’ deal with UK ahead of press conference

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Britain is set to sign a trade deal with the U.S., making it the first country to do so after the world’s largest economy announced stiff “reciprocal” tariffs against friends and foes alike in April. The White House is due to hold a press conference at 10:00 a.m. ET (3 p.m. London time) on Thursday in the Oval Office.

🍺 Bud Light brewer AB InBev's profit surges to top forecasts despite drop in sales volumes: Anheuser-Busch InBev reported a 7.9% rise in first-quarter operating profit on Thursday, more than double the increase expected by analysts, as the world's biggest brewer boosted its profit margin despite a fall in sales volumes.

Analysts had expected the beer maker to report a 3.1% rise in organic operating profit in the three months ended March 31. Its shares rose over 4% in early trade in Europe, and over 2% in premarket trading on Wall Street. Yahoo Finance reports.

📈 Carlyle's profit climbs on fee growth, record assets under management: Global investment firm Carlyle Group posted a 5.6% growth in first-quarter profit on Thursday, helped by higher fees as its assets under management climbed to a record.

Distributable earnings, which measures cash that can be returned to shareholders, was $455.4 million, or $1.14 per share, for the three months ended March 31. That compares with $431.3 million, or $1.01 per share, a year earlier. Yahoo Finance reports.

💻 Nvidia stock rises on report Trump administration plans to repeal Biden’s AI chip curbs: Nvidia stock rose on Thursday following a Bloomberg report that the Trump administration plans to repeal AI chip export restrictions put into place under former President Joe Biden.

The AI chipmaking giant's shares were up almost 2% in premarket trading, after closing 3% higher on Wednesday as the news emerged. Its rival Advanced Micro Devices stock also gained roughly 2%. Yahoo Finance reports.

🚗 Toyota sees $1.3 billion profit hit in two months on tariffs: Toyota has warned operating profits will fall 21 per cent this fiscal year due to the fallout from President Donald Trump’s trade war, increasing the pressure on Japan to reach a deal on tariffs with the US.

For its year ending in March 2026, the world’s biggest carmaker by vehicles sold said it expected an operating profit of ¥3.8 trillion ($26 billion) compared with ¥4.8 trillion in the year just ended. The forecast “tentatively” includes an estimated US tariff impact of ¥180 billion ($33 billion) for the months of April and May. FT reports.

🛳️ Maersk, a bellwether for global trade, cuts container market outlook on U.S.-China tariff tensions: Danish shipping giant Maersk on Thursday posted stronger-than-expected first-quarter operating profit but warned that the current level of U.S.-China trade tariffs could restrict global container market volumes.

The company, widely regarded as a barometer of global trade, reported preliminary underlying earnings before interest, tax, depreciation and amortization (EBITDA) of $2.71 billion for the first three months of the year. That’s up 70% from $1.59 billion over the same period a year earlier and above the $2.57 billion expected by analysts in an LSEG poll.

Maersk kept its 2025 profit guidance unchanged at between $6 billion and $9 billion but said global container market volume growth in 2025 had been revised to -1% to 4%. CNBC reports.

🍔 Burger King-parent Restaurant Brands misses quarterly revenue estimates: Restaurant Brands missed first-quarter revenue estimates on Thursday, hurt by weak demand at its restaurant chains such as Burger King against the backdrop of tariff-related uncertainty.

The restaurant industry has been battling ongoing sales declines as budget-conscious Americans stick to home-cooked meals, prioritizing spending on essentials over dining out. The U.S. economy shrank for the first time in three years in the first quarter, signaling consumers are expecting product prices to shoot up due to the escalating global trade tensions. Yahoo Finance reports.

🏦 Treasury yields rise as traders weigh news of U.S.-UK trade deal: Treasury yields rose on Thursday as traders assessed the U.S. reaching a trade deal with the United Kingdom along with the Federal Reserve’s latest policy decision.

At 6:32 a.m. ET, the 10-year Treasury yield was more than 3 basis points higher at 4.31%. The 2-year Treasury yield also gained 3 basis points to trade at 3.826%. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $ASST: Asset Entities

Total gain: +47.49%

2) $ZKIN – ZK International Group

Total gain: +39.82%

3) $SEZL: Sezzle

Total gain: +34.88%

4) $NAII: Natural Alternatives International

Total gain: +18.88%

5) $STEC: Santech Holdings

Total gain: +18.80%

The closing price of the top three market percent gainers trading near or above $3 on May 7.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $ASST: Asset Entities

Total gain: +435.24%

The stock appeared to be moving on no notable news.

2) $PRCH: Porch Group

Total gain: +67.82%

The company reported first-quarter results through March 31, 2025, that exceeded expectations and accordingly raised its 2025 guidance. Porch generated first-quarter 2025 revenue of $84.5 million for shareholders. Net income attributable to Porch was $8.4 million, and Adjusted EBITDA was $16.9 million—an increase of $33.6 million compared to the prior year. Yahoo Finance reports.

3) $EOSE: Eos Energy Enterprises

Total gain: +31.84%

The company announced its financial results for the first quarter ended March 31, 2025. Revenue totaled $10.5 million, a 58% increase compared to the prior year and a 44% increase compared to the prior quarter, driven by increased customer deliveries. Yahoo Finance reports.

Time (ET) / Report / Period

8:30 am - Initial jobless claims - May 3

8:30 am - U.S. productivity - Q1

"You must learn to cut your losses quickly. It’s the first rule of survival in the stock market."

- William J. O'Neil

Sourced in: "How to Make Money in Stocks: A Winning System in Good Times and Bad", by William J. O'Neil, published in 2009.