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  • Why A New Diplomatic Crisis With China Is Critical For Trump If He Wants To Be Re-elected

    ZeroHedge - May 4th 2020 8:10pm EDT

    Why A New Diplomatic Crisis With China Is Critical For Trump If He Wants To Be Re-elected Amid all the discussion of whether (or not) it is time to reopen the economy, and take the potential risk of a second wave of infections and deaths resulting in what could be a far more devastating second […]

  • Advanced Russian Radar System Discovered Near Israeli Border: Report

    ZeroHedge - May 4th 2020 7:50pm EDT

    Advanced Russian Radar System Discovered Near Israeli Border: Report Via AlMasdarNews.com, A Russian publication reported this week that the Russian Armed Forces have deployed their Resonance radar system in an area near the Israeli border. According to the NZIV publication, the Russian Resonance radar was identified in two locations in the eastern Mediterranean region, including […]

  • Supreme Court Cases Go ‘Remote’ Over Fears Of Ageing Justices; Already Beset By Audio ‘Hiccups’

    ZeroHedge - May 4th 2020 7:30pm EDT

    Supreme Court Cases Go ‘Remote’ Over Fears Of Ageing Justices; Already Beset By Audio ‘Hiccups’ How long before all branches of government and federal agencies stop meeting in person? Is it perhaps an overly hasty, drastic and dangerous precedent Constitutionally speaking? This rush to move all proceedings to online ‘remote’ interaction – even the highest levels of […]

  • A Message From The Ministry Of COVID-Compliance

    ZeroHedge - May 4th 2020 7:10pm EDT

    A Message From The Ministry Of COVID-Compliance Authored by ‘Sundance’ via The Burning Platform blog, The Ministry of Covid Compliance is reminding us this week how the virus has a genetic targeting mechanism able to differentiate between essential cans of vegetables, bottles of liquor, lottery tickets and non-essential products like sneakers and paint.  Thus the […]

  • Despite China’s “Reopening”, Global Smartphone Market Suffers Record Crash In Shipments

    ZeroHedge - May 4th 2020 6:50pm EDT

    Despite China’s “Reopening”, Global Smartphone Market Suffers Record Crash In Shipments For months China has tried to convince the world through official economic data that it has successfully achieved a V-shaped recovery, though alternative data has shown otherwise. In the latest confirmation, China’s economy has not stabilized but instead continues to drown in economic turmoil are signs […]

  • The Crisis Experts Are Themselves The Crisis

    ZeroHedge - May 4th 2020 6:30pm EDT

    The Crisis Experts Are Themselves The Crisis Authored by John Tamny via RealClearMarkets.com, Assuming there’s a 2020 NFL season and Anthony Fauci attends a Washington Redskins game, it’s not unreasonable to suggest that Fauci will be the smartest individual at the stadium. Some say his intelligence is formidable. At the same time, Fauci’s mental capacity […]

  • Daily Briefing – May 4, 2020

    ZeroHedge - May 4th 2020 6:14pm EDT

    Daily Briefing – May 4, 2020   Ash Bennington hosts Real Vision’s Managing Editor Ed Harrison to discuss recent developments in markets, macro, and the coronavirus crisis. Today, Bennington and Harrison discuss Warren Buffett and his statements at the Berkshire Hathaway Annual Shareholders Meeting, the state of the airline industry, and the risks and limitations […]

  • Watch: What It’s Like To Be Stung By An Asian “Murder Hornet”

    ZeroHedge - May 4th 2020 6:10pm EDT

    Watch: What It’s Like To Be Stung By An Asian “Murder Hornet” Seemingly overnight, another horror has emerged from the deep jungle recesses of Asia to invade the nightmares of squeamish North Americans: the Asian (or Japanese) Giant Hornet – better known as the “Murder Hornet”. The hornet’s nicknamed is derived from three qualities, the […]

  • WeWork Founder & Ex-Billionaire Adam Neumann Sues SoftBank For Renegging On $3 Billion Buyout

    ZeroHedge - May 4th 2020 6:00pm EDT

    WeWork Founder & Ex-Billionaire Adam Neumann Sues SoftBank For Renegging On $3 Billion Buyout As was widely expected, WeWork co-founder and ex-billionaire Adam Neumann has sued SoftBank – the one-time biggest backer of Neumann’s former firm – over its decision to reneg on a $3 billion payment, setting the stage for a “The Social Network”-style […]

  • Hertz Hurts! Car-Renter Shares Routed On Reports Restructuring Adviser Hired

    ZeroHedge - May 4th 2020 5:34pm EDT

    Hertz Hurts! Car-Renter Shares Routed On Reports Restructuring Adviser Hired It would appear an already over-levered car-rental business is not “essential”? Just days after The Wall Street Journal reported that Hertz is preparing for a possible bankruptcy filing after the rental-car company failed to make lease payments to preserve cash amid the Covid-19 pandemic, the […]

  • Neiman Marcus Nears Deal With Lenders To Join J Crew, JC Penney In Bankruptcy

    ZeroHedge - May 4th 2020 5:31pm EDT

    Neiman Marcus Nears Deal With Lenders To Join J Crew, JC Penney In Bankruptcy It’s the coronavirus outbreak’s latest – and perhaps its biggest – retail casualty. Neiman Marcus is joining J Crew and JC Penney in restructuring as the department store – a class of retailer that has been particularly hard-hit by the outbreak […]

  • Victoria Dumped: L Brands Plunges After Agreeing To Terminate LBO Deal With Sycamore

    ZeroHedge - May 4th 2020 4:55pm EDT

    Victoria Dumped: L Brands Plunges After Agreeing To Terminate LBO Deal With Sycamore Victoria’s Secret parent L Brands is plunging after hours after announcing it had reached a mutual agreement with Sycamore Partners to terminate their previously announced going private transaction. The announcement comes ten days after  Victoria was dumped – for the first time […]

  • Offices Will Never Look The Same In Post-COVID World Of Plexiglass & Temperature Checks

    ZeroHedge - May 4th 2020 4:45pm EDT

    Offices Will Never Look The Same In Post-COVID World Of Plexiglass & Temperature Checks When Americans finally return to their business parks, complexes, skyscrapers, and ultimately their desks for ‘regular’ in-person work to resume, it will be a much different world.  A recent Bloomberg exploration of just what the typical American office worker can expect imagines […]

  • Mexico’s Economy Is Disintegrating

    ZeroHedge - May 4th 2020 4:43pm EDT

    Mexico’s Economy Is Disintegrating While few have lofty expectations for economic performance with the global economy still largely shutdown, what is happening in Mexico is simply unprecedented. Here are some striking observations detailing the unprecedented economic collapse of the southern US neighbor, courtesy of Goldman. Business confidence declined sharply in April (the seventh consecutive monthly […]

  • “Ordinary Americans Are Going To Get Super-Pissed…”

    ZeroHedge - May 4th 2020 4:25pm EDT

    “Ordinary Americans Are Going To Get Super-Pissed…” Authored by James Howard Kunstler via Kunstler.com, Spring is popping now with a ferocious energy that can only remind the sullenly sequestered masses that life is going on without them. Every living thing is busy making-and-doing out there, except the poor humans, idled without work or purpose. That won’t last […]

  • ‘Investors’ Ignore Mumbling 90-Year-Old Omaha Man – BTFD As Buffett Sells

    ZeroHedge - May 4th 2020 4:01pm EDT

    ‘Investors’ Ignore Mumbling 90-Year-Old Omaha Man – BTFD As Buffett Sells It’s not just airlines… Here’s the real reason why billionaire investing ‘genius’ Warren Buffett didn’t spend one penny of his massive cash pile as stocks plunged at record pace… according to his favorite broad market indicator, US stocks have never been more expensive… Source: […]

  • US Treasury To Borrow A Record $3 Trillion This Quarter

    ZeroHedge - May 4th 2020 3:59pm EDT

    US Treasury To Borrow A Record $3 Trillion This Quarter So much can change in three months. Back on February 3, the Treasury in its quarterly announcement of marketable borrowing estimates was delighted to announce that “During the April – June 2020 quarter, Treasury expects to pay down $56 billion in privately-held net marketable debt, […]

  • Muscle’d Out: Gold’s Gym Files For Chapter 11 Due To Government Lockdowns

    ZeroHedge - May 4th 2020 3:50pm EDT

    Muscle’d Out: Gold’s Gym Files For Chapter 11 Due To Government Lockdowns Gold’s Gym International Inc. filed for Chapter 11 on Monday (May 4) as a way to “facilitate the financial restructuring of the company” after nationwide lockdowns resulted in its inability to service debt payments, read a company press release.  The gym operator filed for bankruptcy in […]

  • Shopping In A Time Of Corona: This Is What Americans Are (And Are Not) Spending On During The Crisis

    ZeroHedge - May 4th 2020 3:20pm EDT

    Shopping In A Time Of Corona: This Is What Americans Are (And Are Not) Spending On During The Crisis While we wait another two weeks to get the official report on the state of US consumer spending, let’s recall that the March number was abysmal, posting a record 8.2% sequential drop as a result of […]

  • Platts: 6 Commodity Charts To Watch This Week

    ZeroHedge - May 4th 2020 3:10pm EDT

    Platts: 6 Commodity Charts To Watch This Week Via S&P Global Platts Insight blog, Oil producers in North America have announced vast cuts in output, led by ConocoPhillips, ExxonMobil and Chevron. Plus, contrasting gas market signals from both sides of the Atlantic, Brazilian corn exports under pressure and more, in S&P Global Platts editors’ pick […]

  • California First To Be Approved For Up To $10 Billion Bailout From Feds To Pay Unemployment Benefits

    ZeroHedge - May 4th 2020 2:53pm EDT

    California First To Be Approved For Up To $10 Billion Bailout From Feds To Pay Unemployment Benefits As politicians argue over whether or not to bailout decades-long bad decisions on the basis of a sudden virus/lockdown-driven drop in revenues, California has stepped up to the plate with what appears to be a direct request for […]

  • Small Businesses, Many Of Which Couldn’t Get PPP Loans, Have “A Few Months Or Less” To Survive

    ZeroHedge - May 4th 2020 2:31pm EDT

    Small Businesses, Many Of Which Couldn’t Get PPP Loans, Have “A Few Months Or Less” To Survive Small business impacted by the coronavirus pandemic have had difficulty obtaining loans from the Paycheck Protection Program (PPP), according to a CNBC/SurveyMonkey Small Business Survey released Monday. Of 2,200 small businesses owners polled, just 13% of the 45% […]

  • El-Erian Warns “Huge Disconnect” Between Wall Street And Main Street Could Have Devastating Consequences

    ZeroHedge - May 4th 2020 2:10pm EDT

    El-Erian Warns “Huge Disconnect” Between Wall Street And Main Street Could Have Devastating Consequences Authored by Mohamed El-Erian, chief economic adviser at Allianz SE, first published in Bloomberg Just a few weeks into the coronavirus crisis, many are already pointing to the striking contrast between what has happened to the real economy and financial markets. This […]

  • Scandal-Plagued Carnival Books First Post-Corona Cruise For Aug. 1

    ZeroHedge - May 4th 2020 1:51pm EDT

    Scandal-Plagued Carnival Books First Post-Corona Cruise For Aug. 1 When we first saw the following headline, our first reaction was to rub our eyes in disbelief, before double-checking the URL to make sure we were really on CNBC.com and not some new Onion vertical. With an open criminal investigation in Australia and hundreds of thousands […]

  • Bankrupt Cities And States Get The National Disaster They’ve Been Hoping For

    ZeroHedge - May 4th 2020 1:35pm EDT

    Bankrupt Cities And States Get The National Disaster They’ve Been Hoping For Authored by John Rubino via DollarCollapse.com, The people running states like New Jersey and cities like Chicago know they’re broke. Ridiculously generous public employee pensions – concocted by elected officials and union leaders who had to have understood that they were writing checks […]