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  • Amazon Tumbles After Projecting Shrinking Profits On Pandemic Costs

    ZeroHedge - Apr 30th 2020 4:25pm EDT

    Amazon Tumbles After Projecting Shrinking Profits On Pandemic Costs Heading into today’s earnings call, Amazon had emerged as the one FAAMG stock that bucked the recent downward trend, and despite a drop in its consensus earnings estimates… … the stock soared to a new all time high – resulting in a market cap of $1.2 […]

  • Stocks Scream To “Most Expensive Ever” In Greatest Month Since ’87

    ZeroHedge - Apr 30th 2020 4:00pm EDT

    Stocks Scream To “Most Expensive Ever” In Greatest Month Since ’87 US stocks have exploded higher in April… (ended weak on what many suspect is simple rebalance flows) This is the best month for the S&P 500 since January 1987 (and was the best since 1974’s 13.17% gain until today’s drop) Despite the loss of […]

  • “I Don’t Need A Lecture”: Pelosi Praises Biden For His Response To Sexual Assault Allegations Despite Biden Not Responding

    ZeroHedge - Apr 30th 2020 3:45pm EDT

    “I Don’t Need A Lecture”: Pelosi Praises Biden For His Response To Sexual Assault Allegations Despite Biden Not Responding Authored by Jonathan Turley, Speaker Nancy Pelosi went on CNN to praise former Vice President Joe Biden for his response to the sexual assault allegations by former Biden staffer Tara Reade. Biden however has not personally […]

  • Amazon To Use Banned Chinese Firm’s Orwellian Thermal Cameras To Scan Workers

    ZeroHedge - Apr 30th 2020 3:30pm EDT

    Amazon To Use Banned Chinese Firm’s Orwellian Thermal Cameras To Scan Workers A new Reuters investigation published Wednesday has exposed an Amazon-China bombshell, but which perhaps should come as little surprise. Chinese tech utilized in the communist state’s own deeply controversial repressive surveillance network monitoring citizens for signs of ‘dissent’ will now come to an Amazon warehouse near you: […]

  • Inflation Or Deflation? Mish Warns That Demand Collapse Trumps Supply Shocks

    ZeroHedge - Apr 30th 2020 3:15pm EDT

    Inflation Or Deflation? Mish Warns That Demand Collapse Trumps Supply Shocks Authored by Mike Shedlock via MishTalk, The inflationists are coming out of the woodwork, but they are wrong. Get Ready for the Return of Inflation, says Tim Congdon, in a Wall Street Journal op-ed. The economists Milton Friedman and Anna Jacobson Schwartz demonstrated in “A Monetary […]

  • “Poor Decisions” Galore As Newbie Millennial/Gen-X-ers Pour Into Expensive Stock Market

    ZeroHedge - Apr 30th 2020 3:01pm EDT

    “Poor Decisions” Galore As Newbie Millennial/Gen-X-ers Pour Into Expensive Stock Market Online brokerages are reporting a massive increase in new accounts and trading activity among newbie retail clients during this year’s stock market turmoil triggered by coronavirus lockdowns, reported The Wall Street Journal.  Pajama traders have been enticed by zero commission trades offered by TD […]

  • Steele Admits Hillary Clinton, Susan Rice Knew About His Anti-Trump Research

    ZeroHedge - Apr 30th 2020 2:45pm EDT

    Steele Admits Hillary Clinton, Susan Rice Knew About His Anti-Trump Research Authored by John Solomon via JustTheNews.com, The documents underlying his now infamous Russian dossier are long since destroyed, but Christopher Steele’s recollections of his political opposition research on President Trump nearly four years later are poised to create new heartburn for Democrats. Steele recently […]

  • Inside Story Of How Trump Got MbS To ‘Bend The Knee’: Cut Oil Supply Or Lose US Protection

    ZeroHedge - Apr 30th 2020 2:30pm EDT

    Inside Story Of How Trump Got MbS To ‘Bend The Knee’: Cut Oil Supply Or Lose US Protection The full story of President Trump’s intervening in the Russia-Saudi price war which sent oil prices plunging to historic lows has been revealed in a new explosive report. Trump’s pressure resulted in the surprise April 12 unprecedented OPEC+ […]

  • Boeing Debt Explodes After Sale Of $25BN In Massively Oversubscribed, Junk-Like Bonds

    ZeroHedge - Apr 30th 2020 2:04pm EDT

    Boeing Debt Explodes After Sale Of $25BN In Massively Oversubscribed, Junk-Like Bonds Who could have known that instead of asking for taxpayer bailouts, all Boeing – whose market cap is now far below that of Tesla – had to do to replenish much needed liquidity, was to come to the Fed-backstopped bond market. One day […]

  • “The Bond Market Hasn’t Been Overcome By The Same Optimism As Stocks”

    ZeroHedge - Apr 30th 2020 1:45pm EDT

    “The Bond Market Hasn’t Been Overcome By The Same Optimism As Stocks” Authored by Ian Lyngen, Jon Hill and Benjamin Harvey of BMO Capital Markets In a word: Gilead. It’s the optimism associated with the company’s experimental Covid-19 therapy which has supported risk assets as this week nears the final stretch. Overnight, equity futures hit […]

  • Here Is The One Indicator That Convinced BofA Another Market Crash Is Coming

    ZeroHedge - Apr 30th 2020 1:26pm EDT

    Here Is The One Indicator That Convinced BofA Another Market Crash Is Coming Picking up on a warning it first issued three weeks ago, Bank of America’s derivatives group doubles down this week, cautioning again that “history suggests it would be highly unlikely for the S&P not to re-test its Mar-23rd lows given both the […]

  • Russian Prime Minister Tests Positive For Coronavirus

    ZeroHedge - Apr 30th 2020 1:08pm EDT

    Russian Prime Minister Tests Positive For Coronavirus Russian Prime Minister Mikhail Mishustin has tested positive for COVID-19, according to a report in Russian newswire Interfax. #BREAKING: Russian PM Mikhail Mishustin diagnosed with the new Coronavirus pic.twitter.com/j8UToLxZp8 — Amichai Stein (@AmichaiStein1) April 30, 2020 Yesterday, Russia saw its total number of confirmed cases eclipse 100k, placing […]

  • Elon Musk Is About To Receive An Estimated $845 Million Payday

    ZeroHedge - Apr 30th 2020 11:30am EDT

    Elon Musk Is About To Receive An Estimated $845 Million Payday Despite the issues of months past, including shutting down Fremont for the coronavirus, laying off hundreds of contractors and staff and putting himself on the hook for his own board’s D&O insurance, Elon Musk still seems set to cash in on a ~$845 million […]

  • “This Is Adult Swim” – How To Survive The Market’s Ups & Downs

    ZeroHedge - Apr 30th 2020 11:10am EDT

    “This Is Adult Swim” – How To Survive The Market’s Ups & Downs Authored by David Robertson via RealInvestmentAdvice.com, How to survive the market’s ups and downs. This is what everyone wants. In normal circumstances it is common to do a lot of things with little conscious thought or effort — almost as if on […]

  • Peter Schiff Debunks The “Gold Is Set To Crash” Narrative

    ZeroHedge - Apr 30th 2020 10:30am EDT

    Peter Schiff Debunks The “Gold Is Set To Crash” Narrative Via SchiffGold.com, The mainstream is a fickle place. On the one hand, we had Bank of America raising its 18-month price projection for gold to $3,000. On the other hand, some people argue the price of gold could crash later in the year. Gold is up over […]

  • Fed Expands Scope, Eligibility For Main Street Lending Program

    ZeroHedge - Apr 30th 2020 10:11am EDT

    Fed Expands Scope, Eligibility For Main Street Lending Program As Jerome Powell previewed during yesterday’s FOMC zoom-conference, in which he said that the Fed was set to expand the scope of its rescue operations, at 10am on Thursday the Fed did not disappoint, and announced that it is expanding the scope and eligibility for the […]

  • Freezer Truck Packed With 50 Dead Bodies Discovered Outside Brooklyn Funeral Home

    ZeroHedge - Apr 30th 2020 10:10am EDT

    Freezer Truck Packed With 50 Dead Bodies Discovered Outside Brooklyn Funeral Home The last time a couple of local cops stumbled on a freezer truck packed with dozens of dead bodies, it became an international news story and object of lurid fascination for millions around the world. But during the age of COVID-19, it’s just […]

  • The Pandemic Is Deepening America’s Many Divides

    ZeroHedge - Apr 30th 2020 9:50am EDT

    The Pandemic Is Deepening America’s Many Divides Authored by Charles Hugh Smith via OfTwoMinds blog, And so we’ve reached the precarious state of disunion in which the only thing the warring elites can agree upon is that the Federal Reserve should rescue their private wealth, regardless of cost or consequences. America’s divides are proliferating and […]

  • California Closes All State Beaches And Parks After Crowds Ignore Social Distancing

    ZeroHedge - Apr 30th 2020 9:30am EDT

    California Closes All State Beaches And Parks After Crowds Ignore Social Distancing After the season’s first heatwave last weekend and tens of thousands, if not hundreds of thousands of people flocked to beaches in Southern California, ignoring social distancing rules, Gov. Gavin Newsom is expected to close all state beaches and parks starting Friday, according to a […]

  • Chinese Communist Party Knew That Their Bio-Labs Were A Ticking Time Bomb In October

    ZeroHedge - Apr 30th 2020 9:10am EDT

    Chinese Communist Party Knew That Their Bio-Labs Were A Ticking Time Bomb In October Authored by Steve Watson via Summit News, The communist Chinese government was painfully aware that bio-labs including the Wuhan Institute of Virology, where it is thought the coronavirus could have originated, were in desperate need of safety upgrades to prevent accidental […]

  • Shell Cuts Dividend For First Time Since World War II

    ZeroHedge - Apr 30th 2020 8:55am EDT

    Shell Cuts Dividend For First Time Since World War II This morning, European energy giant Royal Dutch Shell made history when it became the first supermajor to cut its dividend for the first time since the second world war as the coronavirus pandemic cut quarterly earnings in half and forced the oil major to slash […]

  • It’s Gold-Smashing Time…

    ZeroHedge - Apr 30th 2020 8:49am EDT

    It’s Gold-Smashing Time… For the fifth day in a row, gold has been clubbed like a baby seal on heavy volume in the pre-US-equity-market-open… Over 15,000 contracts were pushed through in those few minutes with 8,500 on the downside (around $1.5 billion notional) Silver is also getting hit… Notably, Bitcoin has soared higher in the […]

  • US Consumer Spending Collapses By Record, Worse Annual Drop Than Peak Of Lehman Crisis

    ZeroHedge - Apr 30th 2020 8:42am EDT

    US Consumer Spending Collapses By Record, Worse Annual Drop Than Peak Of Lehman Crisis Given the headline data from yesterday’s GDP print, this should not be a total surprise but Americans’ spending crashed in March. After adjusting for inflation, spending slumped 7.3%, also the most ever and underscoring data out Wednesday that showed the sharpest drop in […]

  • Over 30 Million Americans Have Lost Their Jobs In The Last Six Weeks

    ZeroHedge - Apr 30th 2020 8:33am EDT

    Over 30 Million Americans Have Lost Their Jobs In The Last Six Weeks In the last week 3.839 million Americans filed for unemployment benefits for the first time. Source: Bloomberg That brings the six-week total to 30.31 million, which is over 12 times the prior worst five-week period in the last 50-plus years. And of […]

  • Watch Live: ECB President Lagarde Explain How More Of The Same Is Different This Time

    ZeroHedge - Apr 30th 2020 8:25am EDT

    Watch Live: ECB President Lagarde Explain How More Of The Same Is Different This Time Full Einsteinian insane-tard-ness… The European economy is collapsing faster than the Obama administration’s case against General Flynn… but ECB chief Lagarde is suggesting more of the same as the fix for what has not worked at all until now – […]