News From ZeroHedge, Page 3086

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  • “The Compliant & Complicit Media Has A Lot To Answer For”

    ZeroHedge - May 8th 2020 2:40pm EDT

    “The Compliant & Complicit Media Has A Lot To Answer For” Authored by James Howard Kunstler via Kunstler.com, “I Sent Them!” “Our utter incompetence actually helps us,” declared Deputy Assistant Director of the FBI Peter Strzok to his confident (10,000 text messages) and paramour, FBI attorney Lisa Page, when he discovered on January 4, 2017, […]

  • Iranian Hackers Targeted Gilead As Coronavirus Research Becomes New Cybercrime Holy Grail

    ZeroHedge - May 8th 2020 2:25pm EDT

    Iranian Hackers Targeted Gilead As Coronavirus Research Becomes New Cybercrime Holy Grail The same group of shadowy Iranian hackers who were caught trying to steal America’s atomic secrets – a group that’s known only by the nickname “Charming Kitten” – has been caught trying to hack into Gilead, Reuters reports in what the financial newswire […]

  • David Stockman On Inflation, Gold, & Personal Freedom In A Post-COVID-19 World

    ZeroHedge - May 8th 2020 2:10pm EDT

    David Stockman On Inflation, Gold, & Personal Freedom In A Post-COVID-19 World Via InternationalMan.com, International Man: Do you think there will be retail inflation in the months ahead? David Stockman: I think it’s hard to say because there are opposite forces at work. On the one hand, if you look at something like oil and […]

  • “It’s Bad” – Massive Earnings Downside Surprises Send Recovery Hope Into 2021 At Best

    ZeroHedge - May 8th 2020 1:55pm EDT

    “It’s Bad” – Massive Earnings Downside Surprises Send Recovery Hope Into 2021 At Best “Overall, earnings delivery continues to surprise to the downside versus consensus estimates, across all regions,” says JPMorgan strategist Mislav Matejka, noting Europe’s earnings-per-share growth for the first quarter is now down 25% year-on-year, while sales growth is 6% lower. Simply put, it’s […]

  • No, The Lockdown-Driven “Savings Mirage” Won’t Save The Economy

    ZeroHedge - May 8th 2020 1:40pm EDT

    No, The Lockdown-Driven “Savings Mirage” Won’t Save The Economy Authored by Lance Roberts via RealInvestmentAdvice.com, The fiscal and monetary responses to the “coronavirus” created a surge in savings. While many hope those savings will go back to work, the “savings mirage” won’t save the economy. In recent weeks, there has been a good bit of chatter about the surge in […]

  • Truck Drivers Suffer Largest Job Loss On Record After April Bloodbath Leaves 88,300 Unemployed

    ZeroHedge - May 8th 2020 1:25pm EDT

    Truck Drivers Suffer Largest Job Loss On Record After April Bloodbath Leaves 88,300 Unemployed On Thursday we noted that April orders for class 8 heavy trucks fell a staggering 73% year over year, and 44% from March – the worst order numbers on record as coronavirus shutdowns have put the trucking industry on the cusp […]

  • Linda Hirschman: Yes, Biden Is A Rapist But He Should Be The Next President

    ZeroHedge - May 8th 2020 1:10pm EDT

    Linda Hirschman: Yes, Biden Is A Rapist But He Should Be The Next President Authored by Jonathan Turley, Yesterday, we discussed the astonishing tweet from Lisa Bloom that she believes that Joe Biden is a rapist and continues to lie about raping a former staffer, but she still will endorse him for President.  Now Linda […]

  • The Nasdaq Is Now Bigger Than The Rest Of The World’s Stock Market

    ZeroHedge - May 8th 2020 12:55pm EDT

    The Nasdaq Is Now Bigger Than The Rest Of The World’s Stock Market Presented without comment (for those who desperately need a comment, read Goldman on why there is never a happy ending when the entire stock market is just five stocks). Tyler Durden Fri, 05/08/2020 – 12:55

  • Facebook Censorship Council Includes Pro-Muslim Brotherhood Activist

    ZeroHedge - May 8th 2020 12:40pm EDT

    Facebook Censorship Council Includes Pro-Muslim Brotherhood Activist Authored by Paul Joseph Watson via Summit News, Facebook’s new censorship council, which will decide what content gets deleted from the website, includes a pro-Muslim Brotherhood Yemeni activist. “The independent board, which will be able to overturn Facebook and its CEO Mark Zuckerberg’s decisions on whether individual pieces […]

  • Buybacks Are Back: Stocks Soar Even Equity Outflows Hit Two Month High

    ZeroHedge - May 8th 2020 12:28pm EDT

    Buybacks Are Back: Stocks Soar Even Equity Outflows Hit Two Month High Back in 2019 we posted on several occasions that a “conundrum” had emerged in the stock market: with equities hitting new all time highs, especially in the last quarter after the Fed relaunched QE to bailout a bunch of basis trading hedge funds […]

  • America’s Colleges Awarded $12.5 Billion In COVID-19 Bailout – Who Got It And How Much?

    ZeroHedge - May 8th 2020 12:10pm EDT

    America’s Colleges Awarded $12.5 Billion In COVID-19 Bailout – Who Got It And How Much? Submitted by Adam Andzejewski, first published in Forbes, Harvard decided not to apply for their $9 million share of the $2.2 trillion CARES Act – the Coronavirus Aid, Relief, and Economic Security Act, after President Donald Trump brought the issue […]

  • Aide To Mike Pence Tests Positive For COVID-19

    ZeroHedge - May 8th 2020 11:42am EDT

    Aide To Mike Pence Tests Positive For COVID-19 One day ago, the White House confirmed that President Trump’s “valet” had tested positive for COVID-19, though it swiftly added that both Trump and VP Pence had both tested negative shortly after. Now it seems an aide to VP Pence has also tested positive, according to a […]

  • 2Y Yields Hit New Record Low As Market Pushes NIRP Bets Amid Powell Silence

    ZeroHedge - May 8th 2020 11:16am EDT

    2Y Yields Hit New Record Low As Market Pushes NIRP Bets Amid Powell Silence The Fed has a major problem… Futures markets are signaling, with increasing zeal, negative US interest rates as soon as November 2020… In fact, as the chart above shows, Fed Fund Futures are pricing in a stunning negative 42bps rate in […]

  • What’s Behind Trump’s Strategic Pivot

    ZeroHedge - May 8th 2020 11:00am EDT

    What’s Behind Trump’s Strategic Pivot Authored by Patrick Buchanan via Buchanan.org, After Pearl Harbor, FDR declared that his role of “Dr. New Deal” had been superseded, replaced by his new role, “Dr. Win the War.” Tuesday, President Donald Trump signaled that, in the war on the coronavirus pandemic, he, too, is executing a strategic pivot. […]

  • “A V-Shaped Recovery Will Not Be Possible”: Today’s Job Losses Reflect A 40% GDP Crash

    ZeroHedge - May 8th 2020 10:41am EDT

    “A V-Shaped Recovery Will Not Be Possible”: Today’s Job Losses Reflect A 40% GDP Crash Now that the worst jobless print and unemployment rate in US history are in the record books, the next questions are i) what does this mean for the US economy and ii) how long before things revert back to normal.  […]

  • Multimillionaire Celebrities Demand ‘End Of Capitalism’ From Comfort Of Their Luxury Mansions

    ZeroHedge - May 8th 2020 10:25am EDT

    Multimillionaire Celebrities Demand ‘End Of Capitalism’ From Comfort Of Their Luxury Mansions Authored by Paul Joseph Watson via Summit News, Multimillionaire celebrities have signed a petition calling for an end to capitalism from the comfort of their luxury mansions. The petition, called ‘Please, let’s not go back to normal’, says the COVID-19 pandemic is a “tragedy,” […]

  • “Cold, Damp & Crowded” – How America’s Meat Plants Are Breeding Grounds For Covid

    ZeroHedge - May 8th 2020 10:10am EDT

    “Cold, Damp & Crowded” – How America’s Meat Plants Are Breeding Grounds For Covid The latest update from the meatpacking crisis, otherwise known as “crisis in processing,” is that more than 5,000 workers, or about 1% of the entire industry, have contracted COVID-19, with at least 20 deaths. Outbreaks have been recorded at 115 meat and poultry […]

  • States Largely Ignoring White House Reopening Guidelines, AP Finds

    ZeroHedge - May 8th 2020 9:30am EDT

    States Largely Ignoring White House Reopening Guidelines, AP Finds After publishing detailed CDC guidelines for states that were purportedly shelved in favor of the much-more-vague White House guidelines – the White House defended the decision, saying it was part of delegating more authority and flexibility to the states – the AP reported Friday that most […]

  • 52% Of Small Businesses “Expect To Be Out Of Business Within Six Months”; Shocking New Survey

    ZeroHedge - May 8th 2020 9:11am EDT

    52% Of Small Businesses “Expect To Be Out Of Business Within Six Months”; Shocking New Survey Authored by Michael Snyder via TheMostImportantNews.com, Anyone that was hoping for a “quick recovery” for the U.S. economy can forget about that right now.  Yes, many states are attempting to “reopen”, but in most cases it will be a […]

  • Stocks Soar In Response To Record Rise In Unemployment

    ZeroHedge - May 8th 2020 8:54am EDT

    Stocks Soar In Response To Record Rise In Unemployment Nothing says BTFD like the worst jobs data in US history… Dow futures spiked over 150 points on the terrible data… Are we seriously f**king rallying because “only” 20.5mm people lost their jobs (less than the 22mm expectation)? WTF! And of course, investors are selling bonds […]

  • China Says That If It Has To Pay For COVID-19, US Has To Pay For AIDS, 1918 Spanish Flu

    ZeroHedge - May 8th 2020 8:47am EDT

    China Says That If It Has To Pay For COVID-19, US Has To Pay For AIDS, 1918 Spanish Flu Authored by Steve Watson via Summit News, In its latest tirade against America, Chinese state media argued Thursday that if lawsuits are filed against the communist state by the US, then international lawsuits should be filed […]

  • Government Lockdowns Send US Unemployment To 14.7% to Fight a Flu

    ZeroHedge - May 8th 2020 8:33am EDT

    Worst Jobs Report In History: 20.5 Million Jobs Lost As Unemployment Rate Hits Record 14.7% While economic fundamentals ceased to matter about a month ago when the Fed went nuclear and not only injected trillions in the bond and repo market, but also directly backstopped the corporate bond market (with many expecting it will do […]

  • Companies Are Far More Terrified Than They Were In 2008

    ZeroHedge - May 8th 2020 8:30am EDT

    Companies Are Far More Terrified Than They Were In 2008 After aggregating data from Q1 conference calls, one thing appears to be clear: companies are far more scared now than they were during the global financial crisis.  Those were the findings of a new study by the Federal Reserve, which used a “machine-reading program” to […]

  • Rabobank On Negative Rate: If The US Is In That Much Trouble, Imagine How Much Trouble Everyone Else Is In

    ZeroHedge - May 8th 2020 8:15am EDT

    Rabobank On Negative Rate: If The US Is In That Much Trouble, Imagine How Much Trouble Everyone Else Is In Submitted by Michael Every of Rabobank 75 years ago, the Allies defeated Nazism. Today is VE (Victory in Europe) Day, and a Bank Holiday Friday for once in the UK. Following VE day and the […]

  • “We’re Going To Live With This For A Long Time” – Sweden’s Top Epidemiologist Defends COVID-19 Response: Live Updates

    ZeroHedge - May 8th 2020 8:04am EDT

    “We’re Going To Live With This For A Long Time” – Sweden’s Top Epidemiologist Defends COVID-19 Response: Live Updates On an otherwise quiet Friday morning, President Trump has announced that he will be interviewed on Fox & Friends beginning at 8amET, setting the president up to react to one of the most important data releases […]