Treasury yields climb and global markets tumble as Fed Chair Jerome Powell tells CNBC during an IMF debate that a 50 basis point hike in May is firmly on the table. French election campaigning enters its final stretch, and polls show President Emmanuel Macron widening his lead over far-right challenger Marine Le Pen ahead of Sunday's vote. Finance Minister Bruno Le Maire tells CNBC exclusively that Macron is the only real option. Earnings season is ramping up, we take a look at Kering, which posted double digit revenue gains in the first quarter, but the French luxury group acknowledges that lockdowns in China have had "heavy consequences". And Elon Musk doubles down on his play for Twitter, saying he's lined up $46 bn dollars in financing to buy the social media giant, putting pressure on the company's board to negotiate a deal or come up with an alternative plan.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.