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  • New Jersey Gym-Owners Outmaneuver Governor’s Vendetta With “Political” Workaround

    ZeroHedge - Aug 25th 2020 4:45pm EDT

    New Jersey Gym-Owners Outmaneuver Governor’s Vendetta With “Political” Workaround Tyler Durden Tue, 08/25/2020 – 16:45 Authored by Andrea Widburg via AmericanThinker.com, One of the lockdown stories that’s earned a lot of coverage concerns Ian Smith and Frank Trumbetti, who own Atilis Gym in Bellmawr, New Jersey.   Because the Wuhan virus is now the status quo, […]

  • WTI Holds Near 6-Month Highs Amid Gulf Shut-Ins, Inventory Draws

    ZeroHedge - Aug 25th 2020 4:35pm EDT

    WTI Holds Near 6-Month Highs Amid Gulf Shut-Ins, Inventory Draws Tyler Durden Tue, 08/25/2020 – 16:35 Oil prices were higher today, driven in large part by significant shut-ins across the Gulf of Mexico. WTI traded back above $43. As Bloomberg’s Kriti Gupta details, the Gulf of Mexico is responsible for 17% of U.S. offshore oil […]

  • Democrats To Investigate Pompeo Over GOP Convention Speech

    ZeroHedge - Aug 25th 2020 4:20pm EDT

    Democrats To Investigate Pompeo Over GOP Convention Speech Tyler Durden Tue, 08/25/2020 – 16:20 House Democrats are launching an investigation into Secretary of State Mike Pompeo’s upcoming speech at tonight’s Republican National Convention – not over the content of the speech, but whether it’s in violation of the Hatch Act and a breach of State […]

  • Nasdaq Hits New Record High As Confidence Crashes To 6 Year Lows

    ZeroHedge - Aug 25th 2020 4:00pm EDT

    Nasdaq Hits New Record High As Confidence Crashes To 6 Year Lows Tyler Durden Tue, 08/25/2020 – 16:00 “Probably nothing…” Source: Bloomberg If you felt like “this is madness,” you’re not alone… As Sven Henrich noted earlier: As indices, but not the market, keep crawling higher on the unprecedented market expansion in select stocks imbalances […]

  • Schiff: Government Is Trying To Replace The Economy With A Printing Press

    ZeroHedge - Aug 25th 2020 3:50pm EDT

    Schiff: Government Is Trying To Replace The Economy With A Printing Press Tyler Durden Tue, 08/25/2020 – 15:50 Via SchiffGold.com, Peter Schiff recently spoke at the “virtual” Los Vegas Money Show and explained why we are near the endgame for the dollar. Peter opened up his talk speculating that the Money Show could be close […]

  • New Jersey Governor Proposes Hiking Millionaire Taxes To Plug $1 Billion Spending Hole

    ZeroHedge - Aug 25th 2020 3:20pm EDT

    New Jersey Governor Proposes Hiking Millionaire Taxes To Plug $1 Billion Spending Hole Tyler Durden Tue, 08/25/2020 – 15:20 After flip-flopping in the past year whether to slap millionaires with even higher taxes, it now appears that New Jersey is willing to take the plunge and as Bloomberg reports, Governor Phil Murphy on Tuesday proposed […]

  • If Powell Announces “Average Inflation Targeting” On Thursday, Rates Will Be On Hold For 42 Years

    ZeroHedge - Aug 25th 2020 3:05pm EDT

    If Powell Announces “Average Inflation Targeting” On Thursday, Rates Will Be On Hold For 42 Years Tyler Durden Tue, 08/25/2020 – 15:05 The media and markets are on high alert ahead of Thursday’s virtual “Jackson Hole” symposium (which this year will be held via webcast), whose highlight will be Jerome Powell speech titled “Monetary Policy […]

  • Watch: BLM Protesters Shot By Homeowners While Marching Through Rural Town

    ZeroHedge - Aug 25th 2020 2:45pm EDT

    Watch: BLM Protesters Shot By Homeowners While Marching Through Rural Town Tyler Durden Tue, 08/25/2020 – 14:45 Dramatic video has emerged from the latest incident involving Black Lives Matter protesters entering a residential neighborhood — a trend which is increasingly resulting in worried and anxious homeowners brandishing guns, as happened with the most famous such incident of the gun-toting […]

  • DoJ To Charge Teva In Generic Drug Price-Fixing Probe

    ZeroHedge - Aug 25th 2020 2:28pm EDT

    DoJ To Charge Teva In Generic Drug Price-Fixing Probe Tyler Durden Tue, 08/25/2020 – 14:28 As President Trump seeks to take on big pharma in a campaign-year push to burnish his claims to be tough on drugmakers, rhetoric that was a key part of what differentiated him from other Republicans during the early days of […]

  • Gulf Of Mexico Drillers Shut In More Than 82% Of Oil Production

    ZeroHedge - Aug 25th 2020 2:25pm EDT

    Gulf Of Mexico Drillers Shut In More Than 82% Of Oil Production Tyler Durden Tue, 08/25/2020 – 14:25 Authored by Charles Kennedy via OilPrice.com, Platform shut-ins in the Gulf of Mexico have reached 82.4 percent of oil production, the Bureau of Safety and Environmental Enforcement reported, with 56.92 percent of gas production also shut in ahead […]

  • Russia Declassifies Footage Of Biggest Nuke Ever Tested: “Mushroom Cloud 7 Times Higher Than Everest”

    ZeroHedge - Aug 25th 2020 2:05pm EDT

    Russia Declassifies Footage Of Biggest Nuke Ever Tested: “Mushroom Cloud 7 Times Higher Than Everest” Tyler Durden Tue, 08/25/2020 – 14:05 Russia has for the first time released full declassified footage of the Soviet Union’s monster nuclear bomb known as the ‘Tsar Bomba’ hydrogen bomb (codenamed “Ivan”). Widely considered to be the most powerful nuclear weapon ever created […]

  • Mali Coup Leader Is A US-Trained Military Officer

    ZeroHedge - Aug 25th 2020 1:45pm EDT

    Mali Coup Leader Is A US-Trained Military Officer Tyler Durden Tue, 08/25/2020 – 13:45 Authored by Jason Ditz via AntiWar.com, In another embarrassment for US training programs for international forces, this past week’s coup in Mali found itself linked to an American training program. Colonel Assimi Goita, the new dictator of Mali, graduated from US training courses. […]

  • While MSM Panned GOP Convention As ‘Dark’ – Six Times As Many Viewers Watched C-SPAN Livestream

    ZeroHedge - Aug 25th 2020 1:25pm EDT

    While MSM Panned GOP Convention As ‘Dark’ – Six Times As Many Viewers Watched C-SPAN Livestream Tyler Durden Tue, 08/25/2020 – 13:25 Monday night’s C-SPAN livestream of the first night of the Republican National Convention attracted nearly six times as many viewers as the start of the Democratic National Convention, with 440,000 watching the GOP […]

  • Treasury Sells A Record $50BN in 2Y Notes At A Record Low Yield In Blockbuster Auction

    ZeroHedge - Aug 25th 2020 1:13pm EDT

    Treasury Sells A Record $50BN in 2Y Notes At A Record Low Yield In Blockbuster Auction Tyler Durden Tue, 08/25/2020 – 13:13 Unlike recent long-end auctions which saw poor reception in the 20Y and especially 30Y sales earlier this month, moments ago the Treasury sold a record $50BN in 2 year paper in what can […]

  • How To Hedge An Apple “Blow-Off Top” Melt Up

    ZeroHedge - Aug 25th 2020 12:46pm EDT

    How To Hedge An Apple “Blow-Off Top” Melt Up Tyler Durden Tue, 08/25/2020 – 12:46 When you have the chief equity strategist of a major US bank, in this case Morgan Stanley’s Michael Wilson, telling you that the “headline indices are now being driven by just one stock, Apple” (for reasons we explained over the […]

  • Trump Nominates Chad Wolf To Permanently Fill Vacancy At Top Of Homeland Security

    ZeroHedge - Aug 25th 2020 12:44pm EDT

    Trump Nominates Chad Wolf To Permanently Fill Vacancy At Top Of Homeland Security Tyler Durden Tue, 08/25/2020 – 12:44 After facing down Congress and passionately defending the administration’s dispatching of federal agents to quell unrest in Portland, Seattle and other cities, Chad Wolf, the acting secretary of the Department of Homeland Security, has just been […]

  • How Nations Collapse: Disunity

    ZeroHedge - Aug 25th 2020 12:25pm EDT

    How Nations Collapse: Disunity Tyler Durden Tue, 08/25/2020 – 12:25 Authored by Charles Hugh Smith via OfTwoMinds blog, They may just opt out of the whole insane charade and stop paying the mountains of debt and stop trying to prop up the deranging pretense of middle-class snobbery. Though many blame Donald Trump for dividing the […]

  • Liberal Journalist Jemele Hill Says The U.S. Is As Bad As Nazi Germany

    ZeroHedge - Aug 25th 2020 12:05pm EDT

    Liberal Journalist Jemele Hill Says The U.S. Is As Bad As Nazi Germany Tyler Durden Tue, 08/25/2020 – 12:05 Liberal journalist Jemele Hill took to Twitter over the weekend to offer up the world’s worst take on both World History and the social unrest in our country, calling America just as bad as Nazi Germany.  […]

  • We’re All Serfs Of Big Tech Now

    ZeroHedge - Aug 25th 2020 11:45am EDT

    We’re All Serfs Of Big Tech Now Tyler Durden Tue, 08/25/2020 – 11:45 Authored by Charles Hugh Smith via Daily Reckoning blog, What do you call an economy of monopolies without competition or any regulatory restraints? An economy of monopolies that controls both the buying and selling in the markets they control? Monopolies with the […]

  • “They’re In Survival Mode” – Huawei Scrambles To Stockpile Critical 5G Chips As US Ban Takes Effect

    ZeroHedge - Aug 25th 2020 11:25am EDT

    “They’re In Survival Mode” – Huawei Scrambles To Stockpile Critical 5G Chips As US Ban Takes Effect Tyler Durden Tue, 08/25/2020 – 11:25 Washington’s latest round of sanctions on Huawei has been carefully crafted to cripple the Chinese telecom giant’s smartphone business. While the company has reportedly stockpiled up to 2 years of inventories for […]

  • American Airlines Warns Admin: Keep Bailing Us Out Or At Least 19,000 More Jobs Are Gone

    ZeroHedge - Aug 25th 2020 11:11am EDT

    American Airlines Warns Admin: Keep Bailing Us Out Or At Least 19,000 More Jobs Are Gone Tyler Durden Tue, 08/25/2020 – 11:11 With air traffic still completely refusing to believe in the recovery and re-normalization that stocks appear to be convinced is just around the corner, America’s airlines are becoming more and more dependent on […]

  • Buchanan: A Most Consequential Presidency

    ZeroHedge - Aug 25th 2020 10:55am EDT

    Buchanan: A Most Consequential Presidency Tyler Durden Tue, 08/25/2020 – 10:55 Authored by Patrick Buchanan via Buchanan.org, As Donald Trump is about to be nominated for a second term, how his presidency has already altered the orientation of his party is on display. Under Trump, the GOP ceased to be a party of small government […]

  • Airline Pilots Learn To Fly Drones Amid Mass Carrier Layoffs 

    ZeroHedge - Aug 25th 2020 10:40am EDT

    Airline Pilots Learn To Fly Drones Amid Mass Carrier Layoffs  Tyler Durden Tue, 08/25/2020 – 10:40 Delta Air Lines is expected to furlough almost 1,950 pilots in October as the industry struggles to recover from the virus-induced downturn. Some pilots, not necessarily ones from Delta, who see the writing on the wall, are mulling over the idea of an […]

  • California’s Renewable Energy Conundrum

    ZeroHedge - Aug 25th 2020 10:20am EDT

    California’s Renewable Energy Conundrum Tyler Durden Tue, 08/25/2020 – 10:20 Authored by Tsvetana Paraskova va OilPrice.com, Amid a heatwave in the West, the largest U.S. solar state, California, is grappling with power issues and with keeping its electricity grid stable as demand exceeds supply. And in a looming renewable future, those power disruptions just might be […]

  • US Consumer Confidence Re-Plunges In August To 6 Year Lows

    ZeroHedge - Aug 25th 2020 10:13am EDT

    US Consumer Confidence Re-Plunges In August To 6 Year Lows Tyler Durden Tue, 08/25/2020 – 10:13 Consumer confidence was expected to rise modestly in August (as hope and a record high stock market trump reality once again), but instead it tumbled to 84.8 from a revised lower 91.7 in July (and well below expectations of […]