The U.S. Financial Stability Oversight Council voted to issue a report calling on Congress to take action on risks in the nonbank mortgage industry.

U.S. Commodity Futures Trading Commission (CFTC): As of the week ending May 7, speculators in the four major natural gas markets of the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) turned to net long positions, increasing a total of 30,590 contracts to 50,455 contracts.

U.S. Commodity Futures Trading Commission (CFTC): As of the week ending May 7, U.S. speculators increased their net short positions in the S&P 500 Index CME by 69,524 contracts to 238,456 contracts, and stock fund managers increased their net long positions in the S&P 500 Index CME by 44,751 contracts to 860,694 contracts.

U.S. Commodity Futures Trading Commission (CFTC): As of the week ending May 7, speculative net long positions in COMEX copper futures increased by 1,163 contracts to 65,966 contracts.

U.S. Commodity Futures Trading Commission (CFTC): As of the week ending May 7, speculative net long positions in COMEX silver futures increased by 1,154 contracts to 34,914 contracts.

U.S. Commodity Futures Trading Commission (CFTC): As of the week ending May 7, speculative net long positions in COMEX gold futures decreased by 4,007 contracts to 163,132 contracts.

U.S. Treasury Secretary Yellen: The U.S. Financial Stability Oversight Council will recommend to Congress to help regulators promote the safety and soundness of the non-bank mortgage sector.

U.S. Treasury Secretary Janet Yellen: The growing non-bank mortgage industry presents unique risks and requires stronger regulation to protect financial stability.

According to the Times of Israel: Hezbollah fired rockets at the Israeli city of Kiryat Shmona, some of which caused property damage.

White House: We did not make a hostage deal. The face-to-face meetings have ended, but the United States worked to keep both sides engaged. The United States still believes that differences on the hostage issue can be overcome.

Emir of Kuwait (Head of State): The turmoil in Kuwaiti politics has reached a stage where we can no longer remain silent and we must take all necessary measures to achieve the best interests of the country.

The White House: We are working day and night to provide Ukraine with what it needs for defense.

The White House: The United States has been coordinating closely with Ukraine on the Russian offensive in Kharkiv. The Russian offensive has intensified.

Senior Hamas official: Hamas hopes both sides will remain calm and reach a real hostage exchange agreement, but Netanyahu wants to continue the war.

A senior Hamas official said: Hamas has not suspended or withdrawn from the negotiations, but "the occupying power has turned against" the mediation plan.

The U.S. government budget for April was $209.53 billion, expected to be $244 billion, and the previous value was -$236.46 billion.

South Africa has called on the International Court of Justice to take additional urgent measures in its genocide case against Israel, saying the measures ordered by the tribunal failed to address the changed situation in Gaza.

Market news: Petrobras cuts natural gas prices.

Baker Hughes Oilfield Services: U.S. drilling companies reduced oil drilling equipment to the lowest level since November 2023.