In MACRO & COMMODITY NEWS, Gensler quits, we look at the upside of Trump's tariffs, Adani drama tests India's reputation, public sector pay drives government borrowing, the CMA looks like it'll change course, consumer confidence returns and BP approves a gas project in Indonesia. In RETAIL NEWS, Gap raises its outlook, JD Sports has a profit warning, PDD's momentum slows and tensions rise at Boohoo. In MISCELLANEOUS NEWS, Northvolt files for bankruptcy protection in the US, the FCA cuts lenders some slack and there's a mass X-odus going on. AND FINALLY, I bring you Jimmy Carr's theory on why Trump became president...