Today's Headlines

Bloomberg:  

• Rifts Emerge Between Italy's Populists in Push for Power.

• Italy Bonds Pass Auction Test in a Sign of Easing Market Jitters.

• Italy Banks Under Scrutiny as Messy Politics Prompts Downgrades.

• BofA's Subramanian Says Italy Won't Hurt U.S. Equities.

• German Joblessness Falls to Record Low Despite Signs of Slowdown.

• Bitcoin Heads Toward $7,000 as Pain Returns on Gloomy Technicals.

Wall Street Journal:

• Why CVS Loves ObamaCare.

• Italy’s Crisis—and Europe’.

• U.S. Tariff Threat Could Scuttle Trade Talks With China.

• Italy’s Astonishing Bond Reaction Tests Global Markets.

• OPEC’s Alliance With Russia Shows Signs of Fracturing.

• Then and Now: The Italian Crisis in Seven Charts.

Fox News: 

• NFL owners caved to president, changed anthem rules, Kaepernick case depositions reveal.

CNBC:

• Bitcoin could be extinct by 2118: Yale's Robert Shiller.

• Mary Meeker just presented 294 slides on the future of the internet — read them here.

• Fox CEO James Murdoch rips Facebook as an 'attack surface'.

• Apple(AAPL) chart has me bullish for three reasons, says technician.

• China reportedly lining up countries against US in pending trade war.

• Target(TGT) shares jump as Bank of America calls it a top pick and a good bet on ‘aging millennials’ .

• This is the woman who canceled 'Roseanne,' ABC's first African-American woman president.

• Big US bank exposure to Italy appears ‘modest and manageable’: Jefferies.

• Qualcomm(QCOM) just announced a product that will help take virtual reality everywhere.

Zero Hedge:  

• Israel Warns That "Threshold Of War" Will Be Crossed If Hamas Doesn't Stop Firing Rockets.

• For Italian Bonds, These Are The 12 Charts That Matter The Most. (graph)

• S&P Erases Yesterday's Losses As Rate-Hike Odds Plunge.  

• Euro Spikes, Italian Yields Slide After 5-Star Calls On Savona To Withdraw Candidacy.

• Bill Gross' Bond Fund Just Had Its Biggest Daily Loss Ever.

• Why The Eurozone And The Euro Are Both Doomed.

• Trump Tweets He "Wishes" He Didn't Pick Sessions As Attorney General.

• War Erupts Between Trump's Two Top Trade Advisors Over China.

• Small Caps Soar To Record High On Yet Another Massive Short-Squeeze.

• Q1 GDP Revised To 2.2%, Misses Across The Board.

• ADP Employment Rebounds Off April Plunge But "Hot Job Market" Is Cooling.

• China Trade Deal On The Verge After Beijing Slams Trump's Latest Surprise "Flip-Flop".

The Telegraph:

• Italian assets surge after breakthrough in last-ditch attempts to form government.