April Jobs Report Preview Modest Payroll Growth Expected to Signal Stable Labor Market Trump Indicates Iran Deal to Reopen Strait of Hormuz Largely Negotiated Escalating Geopolitical Tensions and Strong US Dollar Strain Asian Currency Reserves US and Iran Near Landmark 60Day Ceasefire Extension Strait of Hormuz Reopening Eyed Googles AI Chip Expansion May Pressure Nvidia and Cloud Rivals CoreWeave and Nebius AIRelated Layoffs and Stock Performance A Nuanced Relationship