The New moon (along with the Sun) falls at 16 degrees of Taurus, peaking at 3:29PM, EST May 6th. Taurus is an earth sign and the natural ruler of the second house of money, income and possessions.
Earth signs are typically calm, and this Moon (along with the Sun and Mercury) make a grand trine which is an easy, harmonious alignment. The planets involved are Jupiter (gain and expansion), Pluto (power) and the Sun and Moon (emotions-well-being).
Mercury will form another grand trine with the same planets the latter part of the following week, and Venus will also be part of a grand trine next week as well.
All in all, things may calm down to a degree with these aspects, unless you are a mid degree (13-17 degrees) fixed sign--that is Scorpio, Leo or Aquarius, (or have planets in your natal chart in these signs and degrees) and if this is the case things will be a little more stressful, but you will still receive some planetary help.
As Mercury (and Mars) are retrograde events connected to the New Moon may be delayed, or Mercury in a good angle can still bring chaos even when retrograde. And of course, the mutable t-square of the summer continues on.