News From ZeroHedge, Page 2855

RSS

  • Grenell Lashes Out Against ‘Politicized Press Leaks’ Over Schiff DNI Letter

    ZeroHedge - Apr 7th 2020 6:00pm EDT

    Grenell Lashes Out Against ‘Politicized Press Leaks’ Over Schiff DNI Letter Congressional Democrats have been accused of using their media proxies again in their ongoing war on the Trump administration. On Tuesday, House Intelligence Committee Chair Adam Schiff (D-CA) fired off four-page letter to Acting Director of National Intelligence Richard Grenell, accusing President Trump’s top […]

  • Watch Live: White House Delivers Tuesday Press Briefing As BBG Reports On New Plan To Revive The Economy

    ZeroHedge - Apr 7th 2020 5:44pm EDT

    Watch Live: White House Delivers Tuesday Press Briefing As BBG Reports On New Plan To Revive The Economy Despite Tuesday afternoon’s epic market flop, President Trump and the White House task force reportedly have some news about reopening the economy that they’re reportedly ready to share: Just minutes before Trump & Co. were slated to […]

  • “We Remain Open” – Wall Street Banks Are Already Calling Traders Back To The Office As Greed Trumps Fear

    ZeroHedge - Apr 7th 2020 5:40pm EDT

    “We Remain Open” – Wall Street Banks Are Already Calling Traders Back To The Office As Greed Trumps Fear Wall Street’s famously type-A culture has always prized those who sacrifice their own well-being – physical, emotional or otherwise – for the good of the firm. Never before has this conviction been put to such a […]

  • Just How “Cheap” Is The Market? Here Is The Shocking Answer

    ZeroHedge - Apr 7th 2020 5:34pm EDT

    Just How “Cheap” Is The Market? Here Is The Shocking Answer Two weeks ago, when stocks had plunged as lows as 2,250 and staged a modest rebound after the Fed went all in with its “nuclear” intervention, one emerging narrative used by the bulls to justify buying stocks was that equities had dropped to a […]

  • Stockman: This Is Not Your Grandfather’s Recession…

    ZeroHedge - Apr 7th 2020 5:00pm EDT

    Stockman: This Is Not Your Grandfather’s Recession… Authored by David Stockman via Contra Corner blog, Based on the shocking 6.6 million of new unemployment claims, we’d bet they’ll be some explosive political fireworks soon in this country about Covid-containment versus keeping the main street economy alive. There have now been an unprecedented, off-the charts 9.96 […]

  • Trump Admin Wants To ‘Work Directly’ With Wuhan Institute Of Virology

    ZeroHedge - Apr 7th 2020 4:40pm EDT

    Trump Admin Wants To ‘Work Directly’ With Wuhan Institute Of Virology Surprisingly, even CNN has much-belatedly and very unexpectedly started posing critical questions centered on the Wuhan Institute of Virology while doing a review of various theories as to COVID-19’s origins. CNN on Monday cited that “one expert, a chemical biology professor and bioweapons expert at […]

  • Jack Dorsey Dedicates $1 Billion – 1/3rd Of His Wealth – To Fighting COVID-19

    ZeroHedge - Apr 7th 2020 4:37pm EDT

    Jack Dorsey Dedicates $1 Billion – 1/3rd Of His Wealth – To Fighting COVID-19 In a tweet sent just minutes ago, Twitter and Square CEO Jack Dorsey announced that he would dedicate one-third of his wealth to fighting COVID-19. I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund […]

  • Peter Schiff: What Is The Economy Going To ‘Recover’ To?

    ZeroHedge - Apr 7th 2020 4:20pm EDT

    Peter Schiff: What Is The Economy Going To ‘Recover’ To? Via SchiffGold.com, A lot of people still seem to think at some point, Donald Trump will flip a switch and the government will start humming again. As Peter Schiff explained in his podcast Friday that’s not going to happen. The best we can hope for […]

  • Bear-Market Bounce Breaks Despite “Global Money-Printing Orgy”

    ZeroHedge - Apr 7th 2020 4:00pm EDT

    Bear-Market Bounce Breaks Despite “Global Money-Printing Orgy” As stocks soared overnight and into the open this morning, pundits quickly appeared to proclaim the bear is dead and a new bull market had begun (as The Nasdaq completed a 50% retracement of the Feb-April drop)… By the close, having tagged the 50% retracement of the plunge […]

  • S&P Futures Crater 40 Points In One Tick On Huge For Sell Closing Imbalance

    ZeroHedge - Apr 7th 2020 4:00pm EDT

    S&P Futures Crater 40 Points In One Tick On Huge For Sell Closing Imbalance It’s not just skyward that stocks can gap at 350pm when, 10 minutes before the close, the market on close imbalance is revealed. Regular readers recall two weeks ago, when on Thursday March 26 amid the furious pension frontrunning frenzy, Eminis […]

  • Online Lender Suspends Redemptions, Shuts Down Amid Flood Of Defaults, Unemployment Surge

    ZeroHedge - Apr 7th 2020 3:50pm EDT

    Online Lender Suspends Redemptions, Shuts Down Amid Flood Of Defaults, Unemployment Surge Over the weekend we explained just why there has been such an unprecedented scramble to use up bank revolvers over the past month, which according to JPM have seen drawdowns of roughly $300 billion so far in 2020. The reason: as clients of […]

  • Another Doctor Reports Dramatic Improvement In COVID-19 Patients Using Trump-Touted Treatment

    ZeroHedge - Apr 7th 2020 3:35pm EDT

    Another Doctor Reports Dramatic Improvement In COVID-19 Patients Using Trump-Touted Treatment As pro-establishment mouthpieces downplay the efficacy of hydroxychloroquine to treat COVID-19 as “anecdotal” with “little evidence that the treatment is effective,” yet another doctor treating has claimed dramatic improvement in coronavirus patients within hours of taking the anti-malaria drug in combination with two other […]

  • Consumer Credit Soared In February, Just Before The Economy Shut Down

    ZeroHedge - Apr 7th 2020 3:20pm EDT

    Consumer Credit Soared In February, Just Before The Economy Shut Down Just like today’s JOLTS report, which as we reported earlier came in far stronger than expected, so today’s consumer credit report was largely meaningless, covering the month of February which unfortunately represented a different world. That said, coming in at $22.331BN this number also […]

  • Facing Catastrophe: Loss Of Working Hours To Equal 195m Full-Time Jobs According To UN Agency

    ZeroHedge - Apr 7th 2020 2:50pm EDT

    Facing Catastrophe: Loss Of Working Hours To Equal 195m Full-Time Jobs According To UN Agency Worldwide working hours will be cut by nearly 7% in the second quarter of 2020 due to the coronavirus pandemic, according to a Tuesday statement by the UN’s International Labor Organization. The loss will be equivalent to 195m full-time workers. […]

  • CNN Suggests Wearing A Face-Mask In Public Is Racist

    ZeroHedge - Apr 7th 2020 2:35pm EDT

    CNN Suggests Wearing A Face-Mask In Public Is Racist Authored by Paul Joseph Watson via Summit News, CNN has published a lengthy article suggesting that wearing face masks to guard against coronavirus is racist due to African-Americans not being able to wear them over fears they will be treated like criminals. Yes, really. Noting that […]

  • “Fade The Rip”: BofA Warns “Bear Market Far From Over Unless We Escape A Recession”

    ZeroHedge - Apr 7th 2020 2:20pm EDT

    “Fade The Rip”: BofA Warns “Bear Market Far From Over Unless We Escape A Recession” “Have we hit the bottom?” Ask 100 traders what their biggest concern about the market is right now, and that will be the answer roughly 100 times. And while the frazzled bulls will be quick to point to the recent […]

  • Worse Than 2008? We’re Being Warned That The Shutdown “Could Collapse The Mortgage Market”

    ZeroHedge - Apr 7th 2020 2:05pm EDT

    Worse Than 2008? We’re Being Warned That The Shutdown “Could Collapse The Mortgage Market” Authored by Michael Snyder via TheMostImportantNews.com, The cascading failures that have been set into motion by this “coronavirus shutdown” are going to make the financial crisis of 2008 look like a Sunday picnic.  As you will see below, it is being […]

  • Credit Suisse Turned To Its Own Rich Clients For Emergency Funding

    ZeroHedge - Apr 7th 2020 1:50pm EDT

    Credit Suisse Turned To Its Own Rich Clients For Emergency Funding Why rely on central banks when your own clients have more capital than most central banks? That is the question the second biggest Swiss bank asked itself in recent weeks during the unprecedented market crash and collapse in liquidity, when it wasn’t clear when […]

  • Yes, There Are Tradeoffs Between Disease Prevention & Economic Destruction

    ZeroHedge - Apr 7th 2020 1:35pm EDT

    Yes, There Are Tradeoffs Between Disease Prevention & Economic Destruction Authored by Claus Wiemann Frølund via The Mises Institute, The COVID-19 pandemic has really highlighted how differently economists and noneconomists think. All over the world, variations of the same discussion have taken place over the last week or so. It goes as follows. An economist […]

  • “The Fed Can Lend To Anybody”: Watch Live As Bernanke Holds Virtual Discussion On US Economy

    ZeroHedge - Apr 7th 2020 1:23pm EDT

    “The Fed Can Lend To Anybody”: Watch Live As Bernanke Holds Virtual Discussion On US Economy None other than the man who saved the world, and “contained” subprime, is holding a Q&A live (over Zoom)… In his prepared remarks, former Fed Chair Ben Bernanke suggested US GDP could shrink 30%-plus annualized in Q2 (while playing […]

  • Navy Secretary Apologizes For Calling Carrier Captain “Too Stupid” As 230 Sailors Now Infected

    ZeroHedge - Apr 7th 2020 1:20pm EDT

    Navy Secretary Apologizes For Calling Carrier Captain “Too Stupid” As 230 Sailors Now Infected The saga of the coronavirus-stricken USS Theodore Roosevelt now docked at Guam continues, as CNN reports Tuesday that at least 230 sailors have now tested positive for Covid-19.  CNN said further that over 70% of the crew has now been tested, after last […]

  • Tailing, Mediocre 10Y Auction Prices At Lowest Yield On Record

    ZeroHedge - Apr 7th 2020 1:14pm EDT

    Tailing, Mediocre 10Y Auction Prices At Lowest Yield On Record One day after the Treasury sold a tailing, mediocre 3Y auction, which priced just shy of the lowest yield on record, moments ago the Treasury sold $25BN in a 10Y reopening (Cusip Z94) which was first sold in February, and which this time yielded a […]

  • No, The Supreme Court Did Not Just Help Rig The Wisconsin Election

    ZeroHedge - Apr 7th 2020 1:05pm EDT

    No, The Supreme Court Did Not Just Help Rig The Wisconsin Election Authored by Jonathan Turley, Few per curiam opinions have generated as much heat from both dissenting justices as well as the media. The decision of the Supreme Court to reverse the decision of a district court judge on extending the voting for the […]

  • WeWork Sues SoftBank For Pulling $3 Billion Payoff To Neumann & Other Insiders

    ZeroHedge - Apr 7th 2020 12:50pm EDT

    WeWork Sues SoftBank For Pulling $3 Billion Payoff To Neumann & Other Insiders As WeWork founder Adam Neumann tries to save his billionaire status, and several other shareholders, including Benchmark Capital, a PE firm that retains several seats on WeWork’s board, fight to avoid being stuck with worthless WeWork shares at the top of what’s […]

  • The 4 Phases Of A Full-Market Cycle

    ZeroHedge - Apr 7th 2020 12:37pm EDT

    The 4 Phases Of A Full-Market Cycle Authored by Lance Roberts via RealInvestmentAdvice.com, In a recent post, I discussed the “3-stages of a bear market.”  To wit: “Yes, the market will rally, and likely substantially so.  But, let me remind you of Bob Farrell’s Rule #8 from our recent newsletter: Bear markets have three stages – sharp […]