Today's Headlines

Bloomberg:      

• Brussels Terror Suspect Charged Amid Fears of More Attacks. Federal prosecutors in Brussels charged a suspect in the March 22 suicide bombings that left more than 30 people dead as counter-terrorism investigations in several European countries advanced amid fears of further assaults. The suspect, identified as Faycal C. and apprehended Thursday evening in the Belgian capital, was charged with terrorist murder and being part of a terrorist group, federal prosecutors said on Saturday. Two other suspects also were charged with terrorism offenses, they said. Faycal C. may have been the man in a cream-colored jacket seen on security cameras at the Brussels airport at the time of the Tuesday bombing that killed 11 people in the departures hall, according to Le Soir newspaper. He was one of three suspects taken into custody outside the prosecutor’s office on Thursday.

Wall Street Journal:

• Turbulent Presidential Campaign Reaches Paul Ryan’s Door. Donald Trump rally in Janesville, Wis., thrusts speaker further into debate on Republican Party’s future. The Republicans’ presidential campaign has moved into House Speaker Paul Ryan’s backyard, thrusting him further into the vortex of a GOP debate about what kind of party it wants to be.

Barron's:

• Had bullish commentary on (AAL), (IPG), (KEY), (TLMR) and (ZBH).

MarketWatch.com:

• Most U.S. companies won’t be able to do business in Cuba for years.

Fox News: 

• Sanders projected to win Washington, Alaska Democratic presidential caucuses. (video) Sen. Bernie Sanders was projected to win the Alaska and Washington Democratic presidential caucuses -- victories he hopes will spark a Western states comeback and help him cut into frontrunner Hillary Clinton’s substantial lead. The Associated Press projected Sanders the winner of both contests. The results of Saturday’s third presidential contest, the Hawaii Democratic Caucus, will not be announced until at least midnight.
• Americans confirmed dead in Brussels attacks, family, employers say. (video) An American couple, missing since Tuesday's terror attacks in Brussels, has been identified as victims of the bombings at the Brussels airport, the Associated Press reported Saturday evening. Justin Shults, 30, and his wife Stephanie Shults, 29, had not been seen since Tuesday.

CNBC:

• BofA warns ''slowly tightening' Fed may hit earnings. (video) The S&P 500 may have surged 10 percent since its Feb. 11 low, but a Bank of America-Merrill Lynch strategist is warning the bounce is on very shaky ground. Publicly traded companies have seen negative earnings growth two quarters in a row and there are no fundamental underpinnings for the rally, Savita Subramanian, BofAML's head of U.S. equity and quantitative strategy, said on CNBC's "Fast Money" this week.

Zero Hedge:

• Visualizing Why Manufacturing Jobs Aren't Coming Back. (graph)
• Krugman Goes To Japan, Scolds Abe For Worrying About Quadrillion Yen Debt Pile, Leaves.
• Hugh Hendry: "If China Devalues By 20% The World Is Over, Everything Hits A Wall".
• Belgian Media Explains What To Do During A Nuclear Disaster.
• Europe Is Paying A Heavy Price For Complacency As Existential Crisis Deepens.
• Another Volcker Moment? Guessing The Future Without Say's Law.
• Thunder CLOuds Arrive: 6 CLOs Hit Triggers, Fail Tests. (graph)
• "Satanic Cocktail" Of Nails And Acetone Used In Devilish Brussels Bomb Design.
• It's Not The Economy, Stupid; Barron's Admits "It's A Bullard Market". (graph)
• Was This The Worst Economist Forecast Of All Time. (graph)
• Chairman Of Insolvent Chinese Steel Company Hangs Himself Day Before Bond Maturity. (graph) 
• China "Disappears" A Dozen People For Plotting Coup: "There's No Excuse For Taking Away My Parents And Brother".
• Healthcare Is About To Surpass Housing As The Biggest Source Of American "Growth".
• In New Video, North Korea Threatens To "Slap" America With Giant Nuclear Strike On Lincoln Memorial.
• Japan's Finance Minister Accidentally Reveals How It All Ends: "War".

Business Insider:

• 'What momentum is about': Bernie Sanders wins 2 more primary contests.
• 'Like a block of cheese': US authorities busted another huge drug-smuggling tunnel under US-Mexico border.

The Telegraph:

• City wary of Chinese approaches as deals flounder. The wave of Chinese money seeking refuge in the West is provoking unease in the City as the country’s entrepreneurs and businessmen come under increased regulatory scrutiny in the UK. A series of potential deals with Chinese investors around the world have collapsed or been blocked in recent months amid growing doubts over their ability to see through a deal.

Nikkei Asian Review: 

• Abe to propose stimulus package ahead of G-7 summit. Japanese Prime Minister Shinzo Abe plans to put forward an economic stimulus package in a bid to boost consumption ahead of the Group of Seven summit meeting, to be hosted by Japan on May 26 and 27. By pledging stimulus measures before the summit, Abe apparently hopes to promote international cooperation with public money. The government hopes to submit a supplementary budget to back the package during an extraordinary Diet session to be held sometime between the upper house election in July and the fall. Also, depending on the course of the economy, Abe may consider postponing the consumption tax hike, now planned for April 2017. It would be the second time for the increase to be put off. Abe will hold a press conference on Tuesday to announce the package. That same day, the 96.7 trillion yen ($854 billion) fiscal 2016 budget through next March is to be passed into law. The new package will also include measures to help reduce the number of children on nursery school waiting lists.