U.S. and China

Moody’s says a global recession will be “highly likely” if there’s no U.S.-China trade deal within the next few months. Professor of government Minxin Pei warns of the worst recession in recent Chinese history. And Malaysia’s trade minister, Darell Leiking, has urged the U.S. and China to “stop thinking only of themselves” as their spat affects everyone. Financial Times

Hyundai and Kia

The National Highway Traffic Safety Administration has opened investigations into thousands of reported fires involving Hyundai and Kia cars. The agency was previously going to fold the non-crash-fire probes into an existing investigation about Hyundai and Kia engine failures, but will now treat the fires as a standalone matter. Japan Times

Cryptocurrency Rally

Bitcoin’s up 12%—at one point…

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Source: http://fortune.com/2019/04/02/aramco-profits-trump-obamacare-paul-jacobs-ceo-daily-for-april-2-2019/