RBNZ: Households and businesses are under financial pressure.

Federal Reserve Bank of New Zealand: Debt service costs have risen significantly.

According to Nikkei News: Japanese Prime Minister Fumio Kishida will visit South Korea and hold a summit on May 7-8.

One soldier was killed and seven wounded in an Israeli attack on Aleppo, Syria, Syrian state media reported.

Market news: Morgan Stanley plans to cut 3,000 jobs amid weak trading.

White House: US President Joe Biden called US House Speaker McCarthy to invite him to a May 9 meeting with other congressional leaders at the White House.

McHenry, chairman of the US House of Representatives Financial Services Committee: worried that the FDIC is too hasty to think that a public sector solution (referring to the takeover of First Republic Bank) is the only viable option.

U.S. Senate Majority Leader Schumer, U.S. House of Representatives Democratic Leader Jeffries: A clean debt ceiling bill must be passed.

According to the Wall Street Journal: US President Biden has invited the four leaders of the US Congress to hold a meeting at the White House on May 9.

Warner, a Democrat: A possible June 1 debt-ceiling "X-Day" adds urgency to passing a "clean bill" to avoid a catastrophic default.

First Republic Bank will be removed from the S&P 500 index.

US Republican Senator BILL HAGERTY: The FDIC dealt with the failure of First Republic Bank better than the failure of Silicon Valley Bank.

IBM CEO: Expect HR hiring to slow and be replaced by AI.

Pershing Square posted a net gain of 0.6 percent in April.

Market news: The jury in the patent dispute case between Apple and pulse oximeter company Masimo told the judge that they could not reach a decision.

Syrian state media reported that Syrian air defenses repelled an Israeli attack over Aleppo.

According to a joint statement: U.S. President Joe Biden will send a presidential trade and investment delegation to the Philippines.

FTSE Russell: Removes First Republic Bank from relevant index.