12 AM After-Hours Flash: China'a trade figures: Exports jump 14.1% in April, ahead of Trump | Trump says US would resume Project Freedom if Iran

Bitcoin breaking above 80 thousand dollars is lifting risk sentiment across crypto markets with the leading coin currently trading at 80,381 up 1 percent over the past 24 hours. In the Asian market China's April exports jumped 14.1 percent from a year earlier beating forecasts and rebounding sharply from March's modest 2.5 percent gain while imports rose 25.3 percent widening the trade surplus just days ahead of the Trump-Xi summit. That strength comes despite the Iran conflict and elevated US tariffs with economists warning any further escalation in the Middle East could eventually weigh on external demand. In the US market tensions are rising as Washington and Tehran trade heavy fire in the Strait of Hormuz with gunfire and explosions reported overnight while President Trump warns the US would resume Project Freedom if peace talks fail and fresh sanctions hit 10 individuals and companies tied to Iran's weapons program. SPX is trading at 7398.93 while the VIX sits at 17.19. Asian markets rallying overnight on the China trade beat often signals a stronger US open something VIX traders will be watching. Russell's Morning Outlook is back Monday stay with VixShield. I am your VixShield news reporter.