1. Futures shares fall as the yield on the 10-year bond exceeds the 3-year high

Traders on the NYSE floor, April 14, 2022. Source: NYSE

2. BofA releases stronger profits as it releases reserves for overdue loans

A woman is mirrored in a puddle as she walks through a Bank of America branch in New York’s Times Square. Brendan McDermid Reuters Bank of America, the last of the major banks to announce earnings, posted a better-than-expected 80-cent earnings per share on Monday with revenue of $ 23.33 billion. BofA’s decision to release $ 362 million in loan loss reserves was at odds with JPMorgan Chase, which revealed last week that it had chosen to build $ 902 million in reserves. JPMorgan said profits also fell as a result of sanctions-related losses in Russia. Goldman Sachs, Morgan Stanley and Citigroup exceeded expectations with stronger-than-expected trading results. Wells Fargo lost revenue as mortgage lending fell.

3. Elon Musk’s tweet proposes a direct appeal to Twitter shareholders

Elon Musk tweeted Saturday, saying “Love Me Tender,” just days after he made a spontaneous $ 43 billion cash offer to buy Twitter. Speaking at TED on Thursday, Musk hinted at the possibility of a hostile bid, which the social networking firm’s board would bypass and offer directly to shareholders. The tweet seemed to imply that Musk, the richest man in the world and CEO of both Tesla and SpaceX, could seek to buy shares from investors in what is called an auction. Twitter on Friday adopted a “poison pill” to limit Musk’s ability to increase his stake in the company. Twitter shares rose more than 3.5% in premarket.

4. China’s first quarter GDP exceeds estimates despite lockdowns for Covid

A health worker wears a protective suit as he disinfects an area outside a closed community that was locked for health monitoring following the discovery of a recent COVID-19 case in the area on March 28, 2022 in Beijing, China. Kevin Frayer | Getty Images China’s gross domestic product in the first quarter grew faster than expected by 4.8% despite the impact of restrictions on Covid in March. Starting last month, China struggled to contain the worst Covid epidemic since the initial phase of the pandemic in 2020. Three people have died since Sunday, officials in excluded Shanghai said, attributing the victims to pre-existing health conditions. Shanghai launched a two-stage lockdown and massive virus testing in late March that is expected to end just over a week later. But authorities have not yet set an expiration date.

5. Russian strikes kill at least 7 people in Lviv, Ukrainian officials say

Dark smoke rises after an air raid on the western Ukrainian city of Lviv on April 18, 2022. Yuriy Dyachyshyn | AFP | Getty Images Russian missiles hit Lviv in western Ukraine on Monday, killing at least seven people, Ukrainian officials said, as Moscow troops stepped up infrastructure raids preparing for a full-scale offensive in the east. Mariupol, the besieged eastern city, has refused Russia’s request to surrender. The mayor of Mariupol said last week that 10,000 civilians had died there. “The targeting of residential areas within Mariupol is in line with Russia’s approach to Chechnya in 1999 and Syria in 2016,” the UK Department of Defense said in a statement. – CNBC’s Hannah Miao, John Melloy, Sarah Min, Tanaya Macheel, Hugh Son, Evelyn Cheng, Natasha Turak and Ted Kemp, as well as Reuters and the Associated Press, contribute to this report. – Join the CNBC Investing Club now to follow every Jim Cramer stock move. Follow the broader market action as a professional on CNBC Pro.