Amid Gold Market Turmoil, HSBC Taps Bank Of England For GLD Bars Tyler Durden Thu, 05/14/2020 – 12:10 Submitted by Ronan Manly, BullionStar.com During March and April, amid global financial turmoil, unprecedented demand for physical gold, refinery closures and a London lockdown, one question on the minds of many in the gold market was how […]
Hertz Cancels 90% Of New Car Purchases, Further Pressuring Already Desperate Automakers Tyler Durden Thu, 05/14/2020 – 11:55 One harsh reality of the coronavirus lockdown has been the rental car industry, amid a broader travel industry, grinding to a total halt. This has led to several consequences that we have been documenting at length here on Zero […]
Is EIA Data Disguising A Disastrous Decline In US Shale? Tyler Durden Thu, 05/14/2020 – 11:35 Authored by Nick Cunningham via OilPrice.com, The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is “stability” in the […]
“A Crucial Session For Stocks” – Nasdaq 15-DMA Breach Signals Imminent Breakdown Tyler Durden Thu, 05/14/2020 – 11:20 According to Saxo Bank’s head of equity strategy Peter Garnry, equities are facing a “crucial session” due the last two sessions seeing a significant change in sentiment. It started on Tuesday with CDC Director Fauci’s testimony to the […]
China Slams US As “Perpetrator Of Largest Cyber-Theft Worldwide” As FBI Issues ‘High Alert’ For Virus Data Hacks Tyler Durden Thu, 05/14/2020 – 11:00 US federal agencies say they are on high alert for cyberattacks out of China targeting health research and pharmaceutical companies in efforts to steal coveted and valuable coronavirus data and possible breakthrough […]
How Much Bad News Is Priced Into The Market? Tyler Durden Thu, 05/14/2020 – 10:45 Authored by Michael Msika, macro commentator at Bloomberg We’re starting to get a glimpse of the scale of the economic damage wrought by the pandemic. Data yesterday that showed the U.K. plunging into recession in March begged the question: how […]
“No More Mr.Nice Guy” – Trump Urges Senate To Call Obama To Testify Tyler Durden Thu, 05/14/2020 – 10:32 After the unmasking of the unmaskers (including Biden), ObamaGate is growing… And President Trump clearly won’t let it go (and why should he after three years of utter bullshit)… If I were a Senator or Congressman, […]
No Slacking: As Employers Keep Watchful Eye On Remote Workers, Trump Admin Roots Out Unemployment Fraud Tyler Durden Thu, 05/14/2020 – 10:21 With record numbers of people working from home during the pandemic, employers are using sophisticated software to remotely monitor their employees’ productivity. Companies such as ActivTrak, Teramind, Hubstaff and Time Doctor provide bosses […]
“‘Bots Are Clearly In Control Of This Market…” Tyler Durden Thu, 05/14/2020 – 10:07 Via Global Macro Monitor, Traders and ‘bots are clearly in control of this market… We are fairly convicted the 50% Fibo won’t hold… Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level […]
Watch Live: ‘Whistleblowing’ Vaccine Expert Rick Bright Testifies To House Tyler Durden Thu, 05/14/2020 – 09:55 Rick Bright, the top federal vaccine official who claims he was ousted from his position for speaking out, is expected to criticize the administration’s response to the COVID-19 pandemic and warn of dark days to come during a House […]
“We Could Cut Off The Whole Relationship” – War Of Words Between Trump And Beijing Is Heating Up Tyler Durden Thu, 05/14/2020 – 09:40 A solid chunk of President Trump’s latest sit-down interview with one of his favorite reporters – the OG “money honey” Maria Bartiromo – was devoted to the president’s latest belligerent musings […]
Rabobank: A Broad US Dollar Shortage Would Erupt If There Is A New Trade War With China Tyler Durden Thu, 05/14/2020 – 09:20 Submitted by Michael Every of Rabobank Hand A, Hand B, Handout Yesterday saw Fed Chair Powell in the spotlight, and he had a few key things to say. First, things are looking […]
Tyson Foods Slashes Meat Prices To “Keep Beef On Family Tables” Tyler Durden Thu, 05/14/2020 – 09:05 Tyson Foods Inc. will be reducing prices on certain products for the remainder of the week, according to The Wall Street Journal. This comes after surging meat prices and shortages at some retail shops in the first half of May. The […]
Martin Armstrong: Are Democrats Trying To Eliminate Proof Of Who You Are To Vote? Tyler Durden Thu, 05/14/2020 – 08:45 Authored by Martin Armstrong via ArmstrongEconomics.com, Just when you thought it could not get any more corrupt, the Democrats have demonstrated to the world that they are beyond all morality, ethics, and are outright corrupt. […]
COVID-America: 84,136 Dead, 36 Million Jobless, Nasdaq +30% Tyler Durden Thu, 05/14/2020 – 08:34 The string of unprecedentedly huge spikes in jobless claims continues. In the last week 2.98 million Americans filed for unemployment benefits for the first time (notably worse than the 2.50 million expected). Source: Bloomberg The small difference WoW suggests a second […]
Taibbi: How The COVID-19 Bailout Gave Wall Street A No-Lose Casino Tyler Durden Thu, 05/14/2020 – 08:26 Authored by Matt Taibbi via RollingStone.com, In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers […]
“The Bear Market Rally Is Over”: Futures Slide As Dollar Surges, Lifting Bonds Tyler Durden Thu, 05/14/2020 – 08:12 S&P futures slumped lower after Novartis CEO said a coronavirus vaccine may not be available until 2H 2021 and European stocks declined on Thursday as investors worried that the current economic downturn maybe be here for […]
FBI Seizes Senate Intel Chairman’s Cellphone As Probe Into Suspicious Virus-Linked ‘Insider Trading’ Heats Up Tyler Durden Thu, 05/14/2020 – 07:59 Although the public outrage over stock trades made by GOP Senators during the early days of the US coronavirus outbreak appears to have subsided, the DoJ’s investigation into the ‘controversial’ stock trades has continued […]
Disgraced Government Scientist Warns US Faces “Darkest Winter In Modern History” As COVID-19 Expected To Rebound: Live Updates Tyler Durden Thu, 05/14/2020 – 07:36 As health authorities in Wuhan scramble to test as many of the city’s 11 million residents as possible after discovering a handful of new cases, in the US, more states are […]
Hope Trade Fades Tyler Durden Thu, 05/14/2020 – 07:31 By Eleanor Creagh, Australian Market Strategist at Saxo Bank Summary: Asia stocks sliding, following Wall Street lower as economic realities begin to set in, with market sentiment starting to catch down to fundamentals. The sharp rebound from March lows is beginning to stall as record levels […]
Lansing Braces For Another Militia Fueled State Capitol Protest Tyler Durden Thu, 05/14/2020 – 06:30 Militia groups in Michigan plan their return to the state capitol building on Thursday to protest Democratic Gov. Gretchen Whitmer’s stay-at-home orders that have been enforced for virus containment purposes. Thursday will be the next round of protests as anti-quarantine demonstrators have already flooded the […]
Is Sweden’s ‘Herd Immunity Strategy’ The Best We Can Do? Tyler Durden Thu, 05/14/2020 – 06:00 Authored by Mike Shedlock via MishTalk, A debate over herd immunity is in the news spotlight. Answers vary widely, so let’s look at both sides. “Only Realistic Option” Says Foreign Affairs Herd Immunity Is the Only Realistic Option.. The […]
Ag Nightmare Could Result In “Corn Mountain” As Prices Collapse Tyler Durden Thu, 05/14/2020 – 05:30 In early January, President Trump told his followers at a campaign rally in Toledo, Ohio, that the “economy is booming,” and farmers should “go buy larger tractors” ahead of the trade deal that was signed mid-month. Farmers bought those tractors, extra seed, […]
Opposing Lockdown Is Not “Profits Before People” Tyler Durden Thu, 05/14/2020 – 05:00 Authored by Kit Knightly via Off-Guardian.org, Ever since the UK entered “lockdown”, those pushing for it to end have been labelled “callous” or “selfish” or accused of putting profits before people. Meanwhile millions are unemployed and a global famine is on the […]
Angela Merkel Says “Hard Evidence” Russia Targeted Her Emails Tyler Durden Thu, 05/14/2020 – 04:15 German Chancellor Angela Merkel said Wednesday, she has “hard evidence” that Russia is behind a 2015 hack attack of her emails. “I can honestly say that it pains me. Every day I try to build a better relationship with Russia and […]
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