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  • ‘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 […]

  • NYT Publishes Grim CDC Projections Calling For Daily Coronavirus Deaths To Double By June

    ZeroHedge - May 4th 2020 1:18pm EDT

    NYT Publishes Grim CDC Projections Calling For Daily Coronavirus Deaths To Double By June Update (1320ET): Unsurprisingly, the White House has rebutted the NYT report – which claimed that these projections represented ‘current conditions on the ground, so to speak – saying it doesn’t reflect current projections. *      *      * Less than 12 hours after […]

  • Q1 GDP To Be Revised Drastically Lower To -8%

    ZeroHedge - May 4th 2020 1:13pm EDT

    Q1 GDP To Be Revised Drastically Lower To -8% Last week’s -4.8% GDP which officially heralded the start of the recession, was panned as the worst economic print since the financial crisis, and one which is about to get far worse in Q2, when some expect a GDP drop as much as 40%. But before […]

  • American Power Grid ‘Vulnerable’ To Chinese Cyberattacks, Navarro Warns

    ZeroHedge - May 4th 2020 12:55pm EDT

    American Power Grid ‘Vulnerable’ To Chinese Cyberattacks, Navarro Warns A Reuters report claiming Beijing is already preparing for the prospect of “an armed conflict” with the US has seemingly driven the deteriorating relations between Washington and Beijing back into the limelight (at least as far as the market is concerned). But for conservatives, who have […]

  • Texas Regulator Says Efforts To Impose Oil Production Cuts Are Now “Dead”

    ZeroHedge - May 4th 2020 12:51pm EDT

    Texas Regulator Says Efforts To Impose Oil Production Cuts Are Now “Dead” So much for any Saudi hopes that the US would join OPEC+ in implementing production cuts. Texas Railroad Commissioner Ryan Sitton, the Texas regulator who had proposed mandating oil production cuts in line with the historic April OPEC+ agreement to cut oil output by […]

  • Coronavirus Defeated By Experimental Antibody That Targets Spike Protein

    ZeroHedge - May 4th 2020 12:35pm EDT

    Coronavirus Defeated By Experimental Antibody That Targets Spike Protein An experimental antibody developed by researchers at Utrecht University in the Netherlands can defeat coronavirus in a laboratory setting, according to a new study published in Nature Communications Bloomberg, which notes that the antibody – known as 47D11 – neutralized the virus in cell cultures. Monoclonal […]

  • Morgan Stanley Braces For “Overdue” 10% Correction In Stocks

    ZeroHedge - May 4th 2020 12:20pm EDT

    Morgan Stanley Braces For “Overdue” 10% Correction In Stocks Two weeks after Morgan Stanley’s former equity bear Michael Wilson, who led Wall Street strategists by first turning bullish in mid-March at the depths of the coronacrisis, turned “tactically” bearish warning that “stocks are now overbought”, Wilson is back with a repeat warning, expecting an overdue […]

  • North Korean Defectors Apologize For Embarrassingly Wrong Kim Jong Un “Death” Info

    ZeroHedge - May 4th 2020 11:55am EDT

    North Korean Defectors Apologize For Embarrassingly Wrong Kim Jong Un “Death” Info Some prominent North Korean defectors and dissidents are in the hot seat after giving embarrassingly wrong information just days before Kim Jong Un’s much-awaited public appearance last Friday after an uncharacteristic 3-week absence which had unleashed a torrent of rumors and reports of this death […]

  • Rabobank: There Is One Key Thing To Watch Today: The Yuan

    ZeroHedge - May 4th 2020 11:36am EDT

    Rabobank: There Is One Key Thing To Watch Today: The Yuan Submitted by Michael Every of Rabobank Tunnels & Trolls There is one key thing to watch today. That is USD/CNH, which is vitally important as the exchange rate of the world’s two largest economies, and as a key trigger for risk off panic when […]

  • “We’re All Born Hunters” – Americans Turn To Hunting Game Amid Pandemic Food Shortage Fears

    ZeroHedge - May 4th 2020 11:15am EDT

    “We’re All Born Hunters” – Americans Turn To Hunting Game Amid Pandemic Food Shortage Fears The slowdown or even the shuttering of meat processing plants due to coronavirus outbreaks has led to meat shortages and soaring food inflation. Supermarket chain Kroger reported Friday that it has put “purchase limits” on ground beef and fresh pork at […]

  • Elon Musk Puts Two Homes On The Market After Tweeting He Would Sell Most Of His “Physical Possessions”

    ZeroHedge - May 4th 2020 10:58am EDT

    Elon Musk Puts Two Homes On The Market After Tweeting He Would Sell Most Of His “Physical Possessions” By now everybody has had a chance to let Elon Musk’s Friday meltdown Twitter tirade that lobbed off almost $15 billion in Tesla market cap. Among the various disjointed statements from Musk’s Twitter account – which among […]

  • 900 Lockdown-“Snitches” Fear Violent Reprisals After Names, Addresses Published Online

    ZeroHedge - May 4th 2020 10:35am EDT

    900 Lockdown-“Snitches” Fear Violent Reprisals After Names, Addresses Published Online People across the US have been using quarantine lockdown violations to snitch on others. Sometimes, it’s a stranger, but more often than not, people are snitching on others they know – sometimes all too well. Arguably the best single piece of reporting ever published by […]

  • The Inevitable Coronavirus Censorship Crisis Is Here

    ZeroHedge - May 4th 2020 10:15am EDT

    The Inevitable Coronavirus Censorship Crisis Is Here Authored by Matt Taibbi, As the Covid-19 crisis progresses, censorship programs advance, amid calls for China-style control of the Internet… Earlier this week, Atlantic magazine – fast becoming the favored media outlet for self-styled intellectual elites of the Aspen Institute type – ran an in-depth article of the problems free speech poses […]

  • US Manufacturers New Orders Crash BY Most Ever (And April Will Be Worse)

    ZeroHedge - May 4th 2020 10:08am EDT

    US Manufacturers New Orders Crash BY Most Ever (And April Will Be Worse) Amid collapsing employment, crashing sentiment signals, and carnage in any hard data signals around the world, it is no surprise that analysts expected a 9.7% MoM plunge in factory orders in March (still before the major lockdowns in April). But the actual […]

  • “They’re So Lucky I’m Their President”: Trump Gloats As Californians Try To Block Immigration From Mexico

    ZeroHedge - May 4th 2020 10:03am EDT

    “They’re So Lucky I’m Their President”: Trump Gloats As Californians Try To Block Immigration From Mexico Stocks are plunging Monday with airlines posting some of the biggest losses, yet for whatever reason, markets reporters at the FT and WSJ appear content to attribute the selloff to renewed ‘tensions’ between the US and China – and […]

  • New York Fed Responds To Gundlach, Reveals It Will Start Buying ETFs In “Early May”

    ZeroHedge - May 4th 2020 9:45am EDT

    New York Fed Responds To Gundlach, Reveals It Will Start Buying ETFs In “Early May” Responding indirectly to Jeff Gunlach’s late Friday tweet, in which the bond king observed something we had noted previously, namely that “the Fed has not actually bought any Corporate Bonds via the shell company set up to circumvent the restrictions […]