Bingo Card

GDP took a tumble. 

The U.S. economy shrank 0.3% from January to March, its first contraction since 2022. The decline was largely driven by businesses scrambling to stock up ahead of tariffs (Uncle Sam buying more decreases net exports… a component of GDP), though consumer spending dipped, too. 

Trade activity is also feeling it: cargo shipments from China to the U.S. have plunged 65% since the 145% tariff took effect just three weeks ago. Economists warn Americans may begin crossing off “empty shelves” and “higher prices” from their 2025 bingo cards this month.

If times are tough, no one told Meta or Microsoft. Both tech giants posted strong earnings on Wednesday—Microsoft’s quarterly revenue was up 13% from a year ago; Meta’s was up 16%. U.S. stocks rallied on the news.

ETERNAL PERSPECTIVES
Whether the economy rebounds, wobbles, or collapses, God will remain in control. In the midst of uncertainty on earth, set your hope on the abundance we will enjoy with Christ when he comes. 

“Blessed be the God and Father of our Lord Jesus Christ. Because of his great mercy he has given us new birth into a living hope through the resurrection of Jesus Christ from the dead and into an inheritance that is imperishable, undefiled, and unfading, kept in heaven for you.” 
1 Peter 1:3-4 (CSB) (read full passage)