Good evening.
Markets tumble, March inflation report released tomorrow, and Elon Musk decides not to join Twitter's board.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
Global stocks tumbled on Monday as investors worried that new Covid-19 lockdowns in China could weigh on economic growth.
Inflation report. Investors are bracing for a key inflation report on Tuesday. U.S. March inflation is expected to exceed 8%, the highest since 1981.
Earnings season. Investors are awaiting the start of earnings season set to kick off Wednesday.
As companies report their quarterly results, investors will look for signs of how businesses are coping with higher costs.
The crypto market fell on Monday, with Bitcoin trading below $40,000 for the first time since mid-March.
Catch Up
Elon Musk abandoned his plans to join the board of Twitter after buying a 9% stake.
Debt owed by households topped $15 trillion for the first time last year.
White House says it expects inflation to be 'extraordinarily elevated' in new report.