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  • Senator Liquidates Remaining Stocks After Coronavirus Controversy

    ZeroHedge - Apr 8th 2020 1:50pm EDT

    Senator Liquidates Remaining Stocks After Coronavirus Controversy Sen. Kelly Loeffler (R-GA) and her husband Jeffrey Sprecher are liquidating the rest of their stock holdings and will instead invest in exchange traded funds (ETFs), according to Axios. The move comes after Loeffler and other lawmakers came under fire for selling stocks following a private congressional briefing […]

  • Is Jack Dorsey’s $1BN Coronavirus “Donation” Just Another Tax-Avoidance Scheme?

    ZeroHedge - Apr 8th 2020 1:40pm EDT

    Is Jack Dorsey’s $1BN Coronavirus “Donation” Just Another Tax-Avoidance Scheme? Yesterday, Twitter CEO Jack Dorsey got a break from being the near-constant punching bag for tech “journalists” (a solid 50% of whom are leftwing hacks who lazily press him to hire more minorities while banning every conservative under the sun) and was lauded for dedicating […]

  • BMO: This Is A Generation-Defining Episode In World History

    ZeroHedge - Apr 8th 2020 1:35pm EDT

    BMO: This Is A Generation-Defining Episode In World History Authored by BMO Capital Markets rates strategists Ian Lyngen, Ben Jeffery and Jon Hill It’s Wednesday morning – or effectively Thursday afternoon when accounting for Friday’s market holiday and tomorrow’s early close. Yep, still counting the hours to the long weekend; gotta have a goal. Suffice […]

  • Pelosi, Schumer Want Carve-Out ‘For Their Own Priorities’ On Top Of Trump’s $250B Emergency Virus Aid

    ZeroHedge - Apr 8th 2020 1:25pm EDT

    Pelosi, Schumer Want Carve-Out ‘For Their Own Priorities’ On Top Of Trump’s $250B Emergency Virus Aid There isn’t a cookie jar in the world that Nancy Pelosi (D-CA) and Chuck Schumer (D-NY) won’t stick their hands in – as the pair have insisted on adding hundreds of billions of dollars ‘for their own priorities’ on […]

  • 30Y Auction Prices Just Off All Time Low Yield Amid Stellar Buyside Demand

    ZeroHedge - Apr 8th 2020 1:19pm EDT

    30Y Auction Prices Just Off All Time Low Yield Amid Stellar Buyside Demand After two consecutive mediocre auctions, when the sales of 3Y and 10Y debt earlier this week tailed modestly, moments ago the Treasury concluded this week’s coupon issuance (which comes alongside a biblical flood of Bill and CMB sales), when it sold $17BN […]

  • “These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021

    ZeroHedge - Apr 8th 2020 1:09pm EDT

    “These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021 The World Trade Organization (WTO) published a new report on Wednesday that is truly apocalyptic, and crushes all hopes that a V-shaped recovery would be seen this year (similar to what Morgan Stanley said last week):  “World trade is expected to fall by between 13% and […]

  • In March, US Deaths From COVID-19 Totaled Less Than 2% Of All Deaths

    ZeroHedge - Apr 8th 2020 12:54pm EDT

    In March, US Deaths From COVID-19 Totaled Less Than 2% Of All Deaths Authored by Ryan McMaken via The Mises Institute, About 2.9 million people die in the United States each year from all causes. Monthly this total ranges from around 220,000 in the summertime to more than 280,000 in winter.  In recent decades, flu season […]

  • Iran Pleads For $5BN IMF Loan As Deaths Soar Past 4,000; US To Block Funds

    ZeroHedge - Apr 8th 2020 12:40pm EDT

    Iran Pleads For $5BN IMF Loan As Deaths Soar Past 4,000; US To Block Funds Iran is desperately pleading for the International Monetary Fund to approve a $5 billion emergency loan to help the outbreak-ravaged country to survive. “I urge international organizations to fulfill their duties… we are a member of the IMF… There should be […]

  • Fed Minutes To Reveal The Sheer Chaos As Fed’s Entire Worldview Imploded

    ZeroHedge - Apr 8th 2020 12:25pm EDT

    Fed Minutes To Reveal The Sheer Chaos As Fed’s Entire Worldview Imploded Starting a week of historic central bank interventions, at the 15th March weekend meeting, the Fed threw the proverbial kitchen sink at the market, taking aggressive measures (slashing rates by 100bps to 0.25%; committed to at least USD 700bln of QE; eased regulatory […]

  • Chicago Mayor Signs Executive Order Allowing Illegal Immigrants Access To Virus Relief Funds

    ZeroHedge - Apr 8th 2020 12:10pm EDT

    Chicago Mayor Signs Executive Order Allowing Illegal Immigrants Access To Virus Relief Funds Authored by  Katabella Roberts via The Epoch Times, Chicago Mayor Lori Lightfoot issued an executive order April 7 allowing illegal immigrants and refugees in the city, regardless of birth country or current citizenship status, access to relief benefits amid the CCP (Chinese Communist […]

  • Morgan Stanley Warns It Will Take At Least 7 Months For Markets To Normalize

    ZeroHedge - Apr 8th 2020 11:57am EDT

    Morgan Stanley Warns It Will Take At Least 7 Months For Markets To Normalize As Morgan Stanley’s Christopher Metli and Amanda Levenberg write this morning, there have been signs of health returning to the market, with the S&P 500 now more than 20% off the lows again and VIX 35+ points off its highs. However, […]

  • Fed Eases Wells Fargo “Growth Restrictions” So Bank Can Participate In Small Business Bailout

    ZeroHedge - Apr 8th 2020 11:42am EDT

    Fed Eases Wells Fargo “Growth Restrictions” So Bank Can Participate In Small Business Bailout Following Wells Fargo’s complaint that it was unable to fully participate in the SBA’s Paycheck Protection Program, capping its small business bailout exposure to at most $10 billion, due to the Fed unprecedented 2018 enforcement action and restrictions on Wells Fargo’s […]

  • Thinking Outside Of The “V-Shaped Recovery” Box

    ZeroHedge - Apr 8th 2020 11:40am EDT

    Thinking Outside Of The “V-Shaped Recovery” Box Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com, It seems the entirety of the financial media and many on Wall Street believe a “V” shaped economic recovery is in our future. While we hope they are right, we would be foolish to take such analysis and, quite […]

  • Bernie Sanders Suspends Presidential Campaign

    ZeroHedge - Apr 8th 2020 11:24am EDT

    Bernie Sanders Suspends Presidential Campaign Sen. Bernie Sanders has suspended his campaign, according to a statement from the Vermont Senator. “I wanted to just let everyone know that in a half hour I will be publicly announcing the suspension of our campaign. needless to say this is a very difficult and painful decision for me.” […]

  • US Intelligence Warned Of “Cataclysmic” Coronavirus Crisis As Impeachment Dominated Headlines

    ZeroHedge - Apr 8th 2020 11:10am EDT

    US Intelligence Warned Of “Cataclysmic” Coronavirus Crisis As Impeachment Dominated Headlines While Congressional Democrats dominated headlines with their impeachment of President Trump – who was ultimately acquitted by the Senate, US intelligence officials were sounding the alarm that a serious illness was sweeping through China’s Wuhan region. A November intelligence report by the National Center […]

  • “The Whole Internet Is F**ked” As Google Cloud Suffers “Infrastructure Outage”

    ZeroHedge - Apr 8th 2020 10:55am EDT

    “The Whole Internet Is F**ked” As Google Cloud Suffers “Infrastructure Outage” Several internet platforms have been hit with reports of outages Wednesday, as users reported difficulty accessing Gmail, Google Cloud, Pinterest and Snapchat according to Downdetector.com. “The whole internet is fucked,” one IT expert told Zero Hedge. shit’s on fire yo@googlecloud#googlecloud#gcp#googlecloudplatform pic.twitter.com/0ozoQKHUEi — manuALE (@seriousManual) […]

  • Oil Deal On Verge Of Collapse As Russia Balks At Proposed US “Production Cut”

    ZeroHedge - Apr 8th 2020 10:46am EDT

    Oil Deal On Verge Of Collapse As Russia Balks At Proposed US “Production Cut” As oil traders look with dread and fear to tomorrow’s OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff will not be resolved… … there was a sliver of hope that oil prices may rebound […]

  • Oil Prices Tumble After Record Inventory Builds, Collapse In Demand

    ZeroHedge - Apr 8th 2020 10:38am EDT

    Oil Prices Tumble After Record Inventory Builds, Collapse In Demand Oil prices have been on a vicious rollercoaster overnight, surging (oddly) after API reported US inventories rose by almost 12 million barrels last week (while those in Europe grew by a similar amount, according to data provider Kayrros); then tumbling as Europe opened, only to be panic-bid […]

  • Apple Quietly Cuts Orders From Chinese Suppliers As Hopes For Q2 Rebound Fade

    ZeroHedge - Apr 8th 2020 10:25am EDT

    Apple Quietly Cuts Orders From Chinese Suppliers As Hopes For Q2 Rebound Fade Reopening the mainland factories of Apple supplier Foxconn was a major victory for Beijing as it sought to restart China’s economy, even as infections and outbreaks have persisted, and many Chinese are still fearful in the workplace. But after months of closure, […]

  • Let’s Make This Simple: Zoom Is Malware

    ZeroHedge - Apr 8th 2020 10:10am EDT

    Let’s Make This Simple: Zoom Is Malware Submitted by Mark Jeftovic, founder of EasyDNS We’ve covered Zoom in these pages before.  Back in #AxisOfEasy 104 it turned out that the Zoom installer was installing mini-web servers on your computer, and it wasn’t even taking them off when you uninstalled Zoom, leaving your device open to all […]

  • US Consumer Comfort Crashes By Most Ever

    ZeroHedge - Apr 8th 2020 9:57am EDT

    US Consumer Comfort Crashes By Most Ever The Bloomberg Consumer Comfort Index plunged 6.4 points in the week ended April 4 to 49.9, the lowest since October 2017. Source: Bloomberg This is the biggest weekly drop in history – worse than during the great financial crisis – and mimics (though considerably faster) the collapse in confidence after […]

  • McDonalds Withdraws Outlook, March Sales Plummet After “Unprecedented” Disruption In Business

    ZeroHedge - Apr 8th 2020 9:41am EDT

    McDonalds Withdraws Outlook, March Sales Plummet After “Unprecedented” Disruption In Business While it is hardly a secret that traditional brick and mortar retailers, already in pain after years of Amazon market share theft, were on death’s door as a result of the coronavirus economic coma, until now quick serve restaurants were seen as doing relatively […]

  • Ray Dalio Still Thinks “Cash Is Trash”, But…

    ZeroHedge - Apr 8th 2020 9:40am EDT

    Ray Dalio Still Thinks “Cash Is Trash”, But… A brief history of the world’s largest hedge fund manager’s worst…call…ever… On a cold January day in Davos in 2020,  billionaire hedge fund manager Ray Dalio made the now infamous three word statement that “cash is trash.” Ray Dalio: “You can’t jump into cash. Cash is trash.” […]

  • Global Economies Suffer “Largest Drop On Record”: OECD

    ZeroHedge - Apr 8th 2020 9:25am EDT

    Global Economies Suffer “Largest Drop On Record”: OECD In case anyone needed more proof that the entire world is sliding into recession, if not outright depression, on Wednesday morning the Organisation for Economic Cooperation and Development said that major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no […]

  • Stocks Extend Overnight Gains On Slew Of Positive Fauci Comments

    ZeroHedge - Apr 8th 2020 9:16am EDT

    Stocks Extend Overnight Gains On Slew Of Positive Fauci Comments In what is a slightly different tack from his usual role as foil to President Trump’s optimism, Dr. Anthony Fauci has made a series of very optimistic statements this morning about the turning point of the pandemic and re-opening the economy sooner than many had […]