Good morning. Today is Monday, May 5th, and I'm Rena Sherble filling in for Julie Morgan. Our top stories today. Investors brace for Fed's upcoming decision, Taiwan dollar surges and Tyson Foods,

skips mention of tariff pressures. Our top story today, stock index futures were in the red on

Monday as investors turn their focus to the Federal Reserve's rate cut decision slated to come this week.

S&P 500 futures are down 0.9%, NASDAG 100 futures also

down 0.9%, and Dow futures down 0.7%. The 10-year treasury yield was flat at 4.3%, and the two-year

fell to basis points to 3.8%. Wall Street on Friday posted its longest daily

win streak in over two decades. Further signs of thawing on trade between the U.S. and China,

along with a stronger-than-expected jobs report buoyed sentiment. The Fed will release its

interest rate decision on Wednesday. The decision comes at a time when U.S. President Donald Trump has been urging for lower rates.

Trump had, however, said he doesn't have any intention of removing Fed Chair Jerome Powell,

even as he continues to publicly criticize Powell over interest rate policy.

The Fed is widely expected to maintain current interest rates

during its policy meeting this week in Washington. As investors await Wednesday's policy

decision by the Fed, there is little expectation of a rate change. Preliminary April employment

data showed reasonable strength, although some areas of job growth, for example,

trucking, are clearly vulnerable as import volumes slow. So said UBS's Paul Donovan. On tariffs,

Trump announced a sweeping 100% tariff on all movies produced outside the U.S. citing the need

to protect a dying American film industry.

The Taiwan dollar jumped 8% against the U.S. dollar in two days, an unprecedented surge,

and another sign that investor demand for the U.S. dollar is weakening amid the trade turmoil

triggered by tariffs President Trump announced on April 2nd.

Trade, of course, is crucial to Taiwan, the dominant exporter of high-end computer chips

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