Group 1: Protests and Economic Concerns - Protests erupted in major U.S. cities on May 1, with demonstrators expressing dissatisfaction with government policies and demanding a shift in funding priorities towards employment and education instead of foreign wars [1] - The U.S. Chamber of Commerce urged the Trump administration to implement a tariff exemption mechanism to prevent economic recession and protect small businesses from irreparable harm [2][3] Group 2: Tariff Impact on Small Businesses - The Chamber of Commerce represents over 3 million businesses and requested the government to eliminate tariffs on small importers and products that cannot be produced domestically [2] - The Chamber's CEO expressed concern that many small businesses would suffer irreparable damage if no action is taken soon [4] Group 3: Apple Inc. Financial Performance - Apple reported Q2 revenue of $95.359 billion, a 5% increase from $90.753 billion year-over-year, and a net profit of $24.780 billion, up 4.84% from $23.636 billion [6] - Despite exceeding market expectations, Apple's stock fell over 4% in after-hours trading due to lower-than-expected service revenue growth [7][9] Group 4: Tariff Effects on Apple - Apple CEO Tim Cook indicated that current global tariff rates could increase costs by $900 million in the upcoming quarter if no new tariffs are introduced [9] - The uncertainty surrounding tariffs complicates cost predictions for Apple beyond June [9] Group 5: Economic Recession Predictions - Former Treasury Secretary Janet Yellen warned that the U.S. tariff policy could have extremely negative effects, significantly increasing the likelihood of an economic recession [10] - An analysis from Apollo Global Management outlined a timeline for a potential recession, predicting a series of economic downturns starting in May and culminating in a recession by summer 2025 [11][13]