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  • Wimbledon Just Got Paid $141 Million On “Pandemic Insurance” They’ve Been Paying For The Last 17 Years

    ZeroHedge - Apr 9th 2020 3:35pm EDT

    Wimbledon Just Got Paid $141 Million On “Pandemic Insurance” They’ve Been Paying For The Last 17 Years Somebody at Wimbledon is definitely earning their keep. As the pandemic hit this year, the tournament was far more prepared than most organizations. For the last 17 years, Wimbledon has paid $2 million per year in “pandemic insurance” to […]

  • Mexico Folds, Agrees To Join OPEC+ Output Cut After Dramatic Objection

    ZeroHedge - Apr 9th 2020 3:34pm EDT

    Mexico Folds, Agrees To Join OPEC+ Output Cut After Dramatic Objection Update: Well, that didn’t take long. Less than an hour after news of its objection to the OPEC+ production cut hit, with Mexico even threatening to quit OPEC and become an observer, the OPEC member state has folded and has agreed to join the […]

  • Saudi Hospitals Alerted To “Influx Of VIPs” As 150 Members Of Royal Family Have COVID-19

    ZeroHedge - Apr 9th 2020 3:04pm EDT

    Saudi Hospitals Alerted To “Influx Of VIPs” As 150 Members Of Royal Family Have COVID-19 Despite the Saudis starting as early as February in shutting key public sites down in the kingdom, including the historically unprecedented shuttering of the pilgrimage to Mecca, it’s been reported this week that COVID-19 has hit the Saudi royal family […]

  • “Our World Is Forever Changed”: Bretton Woods Is Now On A Ventilator

    ZeroHedge - Apr 9th 2020 2:50pm EDT

    “Our World Is Forever Changed”: Bretton Woods Is Now On A Ventilator Submitted by Guy Haselmann, founder of FETIgroup.com Introduction As the pandemic dissipates, businesses open and individuals come out of hibernation, our world will be forever changed. Time at home has allowed for self-reflection. New behaviors will be adopted by individuals and businesses alike. […]

  • Oil Plunges As Saudi Deal “Nowhere Near Enough”; Goldman Now Expects WTI To Drop Back To $20

    ZeroHedge - Apr 9th 2020 2:37pm EDT

    Oil Plunges As Saudi Deal “Nowhere Near Enough”; Goldman Now Expects WTI To Drop Back To $20 Moments ago, we reported that as part of what is the largest production cut deal in history, both Saudi Arabia and Russia will cut their output by 20%, capping their output to 8.5MM b/d in May and June […]

  • Kimbal Musk’s Restaurant Chain Bilks Its $2/Hour Waitstaff Out Of Their Emergency “Family Fund”

    ZeroHedge - Apr 9th 2020 2:26pm EDT

    Kimbal Musk’s Restaurant Chain Bilks Its $2/Hour Waitstaff Out Of Their Emergency “Family Fund” If the “bait and switch” is becoming a Musk family tradition, Kimbal Musk could be learning from the best. But the brother of billionaire Elon Musk may have hit a new low in bilking money out of the staff at his […]

  • The Fed And The Treasury Have Now Merged

    ZeroHedge - Apr 9th 2020 2:21pm EDT

    The Fed And The Treasury Have Now Merged Submitted by Jim Bianco of Bianco Research As I’ve argued, the Fed and the Treasury merged. Powell said this was the case today (from his Q&A): These programs we are using, under the laws, we do these, as I mentioned in my remarks, with the consent of […]

  • UK Prime Minister Boris Johnson Leaves Intensive Care

    ZeroHedge - Apr 9th 2020 2:19pm EDT

    UK Prime Minister Boris Johnson Leaves Intensive Care Though he remains hospitalized, UK Prime Minister Boris Johnson has left intensive care, Downing Street said Thursday afternoon. The news will come as great relief to Britons who rallied around the PM this week as his condition deteriorated markedly, nearly leading to his intubation. Fortunately, he was […]

  • An American Horror Story: Rabobank On The Recession Of 2020

    ZeroHedge - Apr 9th 2020 2:09pm EDT

    An American Horror Story: Rabobank On The Recession Of 2020 Authored by Philip Marey via Rabobank, Summary While the outlook for 2020 remains sketchy, heavily dependent on non-economic factors, we now expect GDP to fall by 6% in 2020. With a slowdown in February and a sharp contraction of the economy in March, we expect […]

  • Largest French Bank Lost $200MM On Equity Derivative Trades As Market Crashed

    ZeroHedge - Apr 9th 2020 1:50pm EDT

    Largest French Bank Lost $200MM On Equity Derivative Trades As Market Crashed BNP Paribas SA, the largest French bank, lost hundreds of millions of dollars on complex stock trades as markets crashed in March, Bloomberg reports. Traders at the Paris-based bank, which together with SocGen has long carved out a niche in sophisticated derivative trades […]

  • March Class-8 Heavy-Duty Truck-Orders Collapse To Worst In A Decade

    ZeroHedge - Apr 9th 2020 1:36pm EDT

    March Class-8 Heavy-Duty Truck-Orders Collapse To Worst In A Decade Preliminary orders for Class 8 trucks in March plunged to their lowest levels since February 2010. And to make matters worse, one could argue that March wasn’t even fully affected by the coronavirus and that April’s numbers could wind up being significantly worse.  ACT Research said that […]

  • Government Overreach Is Eviscerating Your Freedoms

    ZeroHedge - Apr 9th 2020 1:20pm EDT

    Government Overreach Is Eviscerating Your Freedoms Authored by Bruce Wilds via Advancing Time blog, It is important to recognize the value of individual freedom, many people have sacrificed their lives to protect this valuable commodity. With this in mind, I write, it is the right and duty of every citizen to question the actions of […]

  • Former Baltimore Mayor Pugh Headed For Alabama Prison

    ZeroHedge - Apr 9th 2020 1:05pm EDT

    Former Baltimore Mayor Pugh Headed For Alabama Prison Convicted former Baltimore Mayor Catherine Pugh has been assigned to an Alabama women’s prison, expected to report to jail by the end of April, reported CBS Baltimore, citing new court documents.  Pugh was sentenced on February 27 to three-years after pleading guilty to tax evasion and fraud-related charges to the “Healthy […]

  • Biden: “Coronavirus Is Helping My Numbers”

    ZeroHedge - Apr 9th 2020 12:50pm EDT

    Biden: “Coronavirus Is Helping My Numbers” Authored by Steve Watson via Summit News, Presumptive Democratic candidate Joe Biden said Wednesday that the coronavirus has ‘helped’ his campaign. When asked if the virus spread had hurt his campaign, Biden said “Based on the polling data, it’s helped me.” He took a swipe at President Trump, adding “The […]

  • Pelosi Calls Senate GOP Bill A ‘Stunt’ By McConnell Who ‘Knew It Would Fail’

    ZeroHedge - Apr 9th 2020 12:37pm EDT

    Pelosi Calls Senate GOP Bill A ‘Stunt’ By McConnell Who ‘Knew It Would Fail’ During a Thursday press call, House Speaker Nancy Pelosi called McConnell’s bid for COVID-19 small business relief a ‘stunt’ which he knew ‘would fail.’ Pelosi in her weekly presser calls McConnell’s UC request for $250B for loans “a stunt” ignoring a […]

  • NYC Apartment Leases Plunge As Real Estate Industry Paralyzed

    ZeroHedge - Apr 9th 2020 12:35pm EDT

    NYC Apartment Leases Plunge As Real Estate Industry Paralyzed New York City apartment leases plunged last month as stay-at-home government-enforced public health orders paralyzed the real-estate industry, reported Bloomberg, citing appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.  New lease agreements plunged 38% in March over the prior year, the second-biggest drop in 11 […]

  • The Big Hit Is Coming: NFIB Survey Signals Previous Recession Warnings Now A Reality

    ZeroHedge - Apr 9th 2020 12:20pm EDT

    The Big Hit Is Coming: NFIB Survey Signals Previous Recession Warnings Now A Reality Authored by Lance Roberts via RealInvestmentAdvice.com, Last year, I wrote “NFIB Survey Trips Economic Alarms,”  in which I discussed the release of the National Federation of Independent Business small business survey. While the NFIB was ebullient in their analysis, we warned the […]

  • South Korean Scientists Warn: COVID-19 Can Spontaneously “Reactivate” In Cured Patients

    ZeroHedge - Apr 9th 2020 12:05pm EDT

    South Korean Scientists Warn: COVID-19 Can Spontaneously “Reactivate” In Cured Patients Yesterday, we reported on some new research that has just been published in the the Lancet, a journal of non-peer-reviewed research that is nonetheless viewed as an extremely credible resource. The report, published by scientists at a university in Shanghai, claimed that some COVID-19 […]

  • Surrendered Without A Shot…

    ZeroHedge - Apr 9th 2020 11:51am EDT

    Surrendered Without A Shot… Authored by Robert Gore via Straight Line Logic blog, The Global War on Germs will put the Global War on Terror to shame… Their “cure” for the coronavirus will be far deadlier than the disease. The quarantines and lockdowns will bring the world to a standstill—that’s the point… – “The Last […]

  • Bernie Led The US To The Holy MMT Land But Didn’t Get To Go In

    ZeroHedge - Apr 9th 2020 11:45am EDT

    Bernie Led The US To The Holy MMT Land But Didn’t Get To Go In From Michael Every of Rabobank For once there are headlines that are not 100% virus-focused. First, the US presidential election officially became a two-horse race when Bernie Sanders decided to follow the advice from The Highlander: “You know what they […]

  • Papadopoulos Denied Trump Campaign Involvement With DNC ‘Hack’ In Secretly Recorded Conversation

    ZeroHedge - Apr 9th 2020 11:36am EDT

    Papadopoulos Denied Trump Campaign Involvement With DNC ‘Hack’ In Secretly Recorded Conversation Former 2016 Trump campaign adviser George Papadopoulos was secretly recorded by a FBI confidential source (CHS), two weeks before the election, where he denied that the campaign was involved in obtaining the DNC’s emails which were later published by WikiLeaks, according to CBS […]

  • The World Has Changed More Than We Know

    ZeroHedge - Apr 9th 2020 11:00am EDT

    The World Has Changed More Than We Know Authored by Charles Hugh Smith via OfTwoMinds blog, Put another way: eras end. While the mainstream media understandably focuses on the here and now of the pandemic, some commentators are looking at the long-term consequences. Here is a small sampling: Coronavirus, synchronous failure and the global phase-shift Coronavirus Will […]

  • Oil Surges After Saudis, Russia Reportedly Reach Production Cut Deal; Cuts As Large As 20mmb/d “Discussed”

    ZeroHedge - Apr 9th 2020 10:47am EDT

    Oil Surges After Saudis, Russia Reportedly Reach Production Cut Deal; Cuts As Large As 20mmb/d “Discussed” With the virtual OPEC+ meeting starting the headlines and notorious jawbones and trial balloons are coming in fast, and Reuters reports that Saudi and Russia have reached a deal on deep oil output cuts, according to OPEC source while […]

  • London-Based ’50 Cent’-Fund Made $2.6 Billion As Markets Collapsed

    ZeroHedge - Apr 9th 2020 10:43am EDT

    London-Based ’50 Cent’-Fund Made $2.6 Billion As Markets Collapsed As we detailed last week, since 2017, we have been following the bread-crumbs of the mysterious VIX-whale nicknamed “50-Cent” – so-called for his habit of scooping up super-cheap VIX calls at a price around 50c (and with very good timing): April 2017 – Who Is The […]

  • The Nasdaq Just Puked Back Into The Red

    ZeroHedge - Apr 9th 2020 10:28am EDT

    The Nasdaq Just Puked Back Into The Red Well that’s not supposed to happen… Nasdaq has puked back all The Fed gains… For now, The Dow and S&P are holding gains… HYG is still up massively but is fading… If this move by The Fed doesn’t work… there’s only one thing left for them to […]