April 7 External Headlines: Trump’s “Final Deadline” on April 7 Pressures Iran; Iran Rejects 45-Day Ceasefire Proposal; Tesla EPS Outlook Downgrade Highlights Slowing Growth Momentum

Top headline news jointly covered by global financial media last night and this morning mainly includes:

**　　1、Trump says Iran’s ceasefire proposal is “meaningful” but “not good enough”; the 7-day final deadline cannot be changed, otherwise it would crush Iran overnight**

**　　****2、Iran rejects the 45-day ceasefire proposal, demanding a permanent ceasefire　**

**　　3****、JPMorgan remains bearish on Tesla, saying lowered EPS expectations highlight slowing growth momentum　**

**　　4****、OpenAI calls for an investigation into Musk, saying his actions hinder AGI development and may constitute unfair competition**

**　　5、Goldman trader: “Fast money” funds are about to return to a stock-buying mode　**

**　　****6、Citrini analyst goes in person to the conflict area: the Strait of Hormuz is not a full blockade, and oil tankers are still transiting in an orderly manner　**

Trump says Iran’s ceasefire proposal is “meaningful” but “not good enough”; the 7-day final deadline cannot be changed, otherwise it would crush Iran overnight

On Monday, U.S. President Donald Trump said the latest ceasefire proposal between the United States and Iran is “not good enough.” Previously, he had set a final deadline for Iran, requiring it to either reopen the Strait of Hormuz or face large-scale strikes on civilian infrastructure.

“They’ve put forward a proposal—this is a meaningful proposal, an important step.” Trump told reporters at the traditional Easter egg rolling event on the South Lawn of the White House. “This is not good enough, but it is a very important step,” he added. “They are now negotiating and they have already taken a very important step. Let’s wait and see.”

Subsequently, at a White House press briefing, Trump reiterated his threat: if the strait is still not opened, the U.S. will attack Iran’s energy and transportation infrastructure at 8:00 p.m. Tuesday Eastern Time.

But if an agreement is not reached in time, Trump said: “We have a plan. With our military might, by midnight tomorrow, every bridge in Iran will be destroyed, every power plant will be incapacitated, burning, exploding—and will never be usable again.”

Iran rejects the 45-day ceasefire proposal, demanding a permanent ceasefire

According to informed officials, Iran has rejected the latest two-stage proposal put forward by the United States and its regional mediators, and submitted a proposal of its own. The proposal calls for opening the Strait of Hormuz in exchange for a 45-day ceasefire, while Iran demands a permanent end to the war.

These officials said Tehran, in a written response conveyed through the mediators, demanded guarantees for a permanent ceasefire, lifting sanctions, compensation for war losses, and a new arrangement for managing the strait.

The officials said other requirements include ending all conflicts in the region and ensuring that Israel will not target Hezbollah, the Lebanese militia group, in the future.

JPMorgan remains bearish on Tesla, saying lowered EPS expectations highlight slowing growth momentum

Tesla has once again become the focus of JPMorgan, which maintains that the stock still has significant downside potential.

Ahead of Tesla’s release of its first-quarter earnings report, JPMorgan kept its “underweight” rating and lowered its expectations. The bank currently expects Tesla’s first-quarter earnings per share to be about $0.30, down from its prior estimate of $0.43 and also below the market consensus expectation of $0.38. This adjustment was made after Tesla released a relatively weak deliveries report and declining energy storage installations, both indicating some cooling in its core business.

OpenAI calls for an investigation into Musk, saying his actions hinder AGI development and may constitute unfair competition

With the highly watched court trial between the two sides approaching, OpenAI this week sent a letter urging the California and Delaware state attorneys general to investigate Elon Musk and his affiliates’ alleged “improper and anti-competitive conduct.”

In the letter, OpenAI’s Chief Strategy Officer accuses Musk of intentionally undermining OpenAI through a series of “attack actions” targeting the company, including “coordinated action” with Meta CEO Mark Zuckerberg.

OpenAI’s Chief Strategy Officer said Musk’s actions could hinder OpenAI’s progress in developing artificial general intelligence (AGI)—an artificial intelligence system whose capabilities can rival or even surpass human intelligence.

He wrote: “The purpose of these attack actions is to take away the future control of artificial general intelligence from the entities that are legally obligated to carry out the mission of ‘making AGI benefit all of humanity,’ and hand it over to competitors who lack mission-oriented principles and ignore safety responsibilities.”

Goldman trader: “Fast money” funds are about to return to a stock-buying mode

Goldman Sachs Group’s trading division said that after reducing equity exposure to multi-year lows during recent market selloffs, systematic investors are about to switch back to a stock-buying mode.

Goldman said in a report to clients on Monday that the so-called “fast money” group—including commodity trading advisers and volatility-target strategies—sold about $240 billion worth of global stocks during the past month’s market plunge. This wave of selling appears to be easing. The bank’s trader estimates that in the coming month, the group may be net buyers of about $55 billion in total, including about $20 billion in U.S. stocks.

Goldman expects that any such actions would be gradual; the bank said only $5 billion worth of buy orders would be seen in the coming week. The bank said this may mean their impact on the market in the short term will be relatively limited.

“Although this mechanical buying is improving, rather than immediately providing a cushion, it feels more like a tailwind at mid-month timing,” Goldman’s managing director Lee Coppersmith wrote.

Citrini analyst goes in person to the conflict area: the Strait of Hormuz is not a full blockade, and oil tankers are still transiting in an orderly manner

Citrini Research, a company that previously published an AI bearish report that shocked the market earlier this year, said that as tensions between the U.S. and Iran kept escalating, it sent an analyst to the Musandam Peninsula in Oman. The analyst traveled by boat to observe local shipping activity on the ground. The analyst’s findings challenged the mainstream view in global markets that this key oil lifeline has been completely shut down.

A report published by the firm on Substack showed that the analyst found that various vessels are still transiting through the Strait of Hormuz, and that recent shipping volume has risen to about 15 ships per day. Although this figure is far below normal levels, the state of shipping traffic suggests that any disruptions are localized and dynamically changing rather than a complete blockade.

Citrini’s article said: “Every day, four or five oil tankers pass through; on the ships’ automatic identification systems, there is no signal at all. Relevant personnel said the actual amount of passage is higher than what the data shows, and the number of vessels transiting through the Strait of Gashm in recent days has been steadily increasing.”

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