Wholedsale Prices Rose 4% in March

4%

“U.S. wholesale prices surged last month as the Iran war drove up the cost of energy,” the AP reports. “The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.5% from February and 4% from March 2025. The year-over-year gains was the biggest in more than three years. Energy prices surged 8.5% from February.”

Consumer Confidence Hits New Low

47.6

“Consumer confidence plunged to a record low in April as fears mounted over rising energy prices and the broader impact of the Iran war, according to a University of Michigan survey Friday,” CNBC reports.“The university’s headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record. Current conditions and expectations indexes also saw double-digit monthly declines.”

Trump Is Underwater in 134 Republican-Held Districts

135

G. Elliot Morris: “New estimates I’ve produced show that Trump’s approval rating is below 50% among registered voters in 135 Republican-held congressional seats — 104 in the House and 31 in the Senate. … And his approval is below 45% in jurisdictions represented by 44 Republican members of Congress — 34 in the House and 10 in the Senate.”