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  • The Fed Should Take A Deep Breath & Prepare For A Price Hiccup, “Its Credibility Is At Stake Today”

    ZeroHedge - Apr 29th 2020 8:59am EDT

    The Fed Should Take A Deep Breath & Prepare For A Price Hiccup, “Its Credibility Is At Stake Today” Authored by Richard Breslow via Bloomberg, And Now We Wait For The Big Show To Begin… I realize that Japan was off on holiday today. But when the first thing you read after sitting down is […]

  • Recession Begins: Q1 GDP Plunges 4.8%, Biggest Drop Since The Financial Crisis

    ZeroHedge - Apr 29th 2020 8:39am EDT

    Recession Begins: Q1 GDP Plunges 4.8%, Biggest Drop Since The Financial Crisis With news that the Gilead Remdesivir trial had reportedly met its primary endpoint hitting “coincidentally” just seconds before the Q1 GDP print, and with newswires initially reporting the GDP erroneously as a positive 4.8% print, it was clear that the real number would […]

  • Futures Surge On Gilead Headlines About Remdesivir

    ZeroHedge - Apr 29th 2020 8:34am EDT

    Futures Surge On Gilead Headlines About Remdesivir Gilead Shares are halted on Wednesday morning as the release positive-sounding headlines about its potential coronavirus drug remdesivir. Gilead Sciences. Inc. (Nasdaq: GILD) is aware of positive data emerging from the National Institute of Allergy and Infectious Diseases’ (NIAID) study of the investigational antiviral remdesivir for the treatment […]

  • Boeing Burns Through A Record $4.7BN In Cash As Revenue Crashes 26%, Will Fire 10% Of Workers

    ZeroHedge - Apr 29th 2020 8:21am EDT

    Boeing Burns Through A Record $4.7BN In Cash As Revenue Crashes 26%, Will Fire 10% Of Workers The hits just keep on coming for Boeing which last quarter was slammed with the continued grounding of the 737 MAX and now had to contend with the collapse in airline travel due to the coronavirus. As a […]

  • US Government Report Concludes Wuhan Lab ‘Most Likely Source’ Of COVID-19 Outbreak

    ZeroHedge - Apr 29th 2020 8:20am EDT

    US Government Report Concludes Wuhan Lab ‘Most Likely Source’ Of COVID-19 Outbreak A US government analysis leaked to the Washington Times concludes that the Wuhan Institute of Virology or the Chinese CDC is the “most likely” source of the COVID-19 pandemic which has killed over 200,000 people worldwide in roughly four months. The document, compiled […]

  • Consequences Imminent: The Dam Threatens To Burst

    ZeroHedge - Apr 29th 2020 8:08am EDT

    Consequences Imminent: The Dam Threatens To Burst Authored by Bill Blain via MorningPorridge.com, “If this turns out to be another false alarm, I’ll be the biggest fool west of the Mississippi!” I am beginning to suspect this market might be following the script from some long forgotten 1970’s Disaster Movie.  We’ve just had first quake, […]

  • China Reopens Beijing, Plans Annual Party Congress For May 21: Live Updates

    ZeroHedge - Apr 29th 2020 7:31am EDT

    China Reopens Beijing, Plans Annual Party Congress For May 21: Live Updates With Georgia, Tennessee and now Texas – the biggest and most economically vital state so far – starting to lift coronavirus restrictions, initial data suggest that the American consumer is throwing caution to the wind and venturing back out to retail ‘hotspots’ and […]

  • Hope Trade Rolls On, With Asia Set To Enter Bull Market

    ZeroHedge - Apr 29th 2020 7:10am EDT

    Hope Trade Rolls On, With Asia Set To Enter Bull Market Submitted by Eleanor Creagh of Saxo Bank Summary: A weaker dollar and rising Nasdaq futures on Alphabet’s Q1 update lifting the mood in Asia trade. The MSCI Asia Pacific index set to enter bull market territory after rebounding 20% from March lows. KOSPI 0.86%, Hang Seng 0.73%, ASX200 […]

  • Dividend Massacre In This Crisis Is Already Breaking Records, And It’s Only Just Starting

    ZeroHedge - Apr 29th 2020 6:40am EDT

    Dividend Massacre In This Crisis Is Already Breaking Records, And It’s Only Just Starting Submitted by Wolf Richter of Wolf Street Dividend yield can be an irresistible siren song in the era of central-bank interest-rate and bond-yield repression: Harley Davidson’s dividend yield was over 7% until this morning – when it announced that it would […]

  • Greek ‘Borat’ Is Back To Explain Phase 1 Of China’s World Domination Plot

    ZeroHedge - Apr 29th 2020 6:05am EDT

    Greek ‘Borat’ Is Back To Explain Phase 1 Of China’s World Domination Plot After a seven-year absence, having hunkered down following his European Crisis commentary success, Mr. Panos – the Greek ‘Borat’ – explains (with his ubiquitously shocking sense of reality) just what the Chinese are up to… “…million of Americans now unemployed and all […]

  • Iran Breaks Through US-Led Blockade To Deliver Record Amount Of Oil To Syria

    ZeroHedge - Apr 29th 2020 5:30am EDT

    Iran Breaks Through US-Led Blockade To Deliver Record Amount Of Oil To Syria Via AlMasdarNews.com, Iran has managed to break through the long-term US blockade to deliver a large amount of oil to the Syrian Arab Republic, a tanker tracking website has revealed. According to the website Tanker Trackers, Iran has significantly increased their oil exports to […]

  • Cattle Prices Plunge To GFC Lows Amid Soaring Food Prices

    ZeroHedge - Apr 29th 2020 4:55am EDT

    Cattle Prices Plunge To GFC Lows Amid Soaring Food Prices US live cattle futures plunged last week to levels not seen since the 2008-09 financial crisis as impacts from the coronavirus pandemic are being realized.  Livestock traders continue to exhibit concern that uncertainty for meat demand is a full year story as restaurants remain closed, […]

  • Canada’s Chief Public Health Officer Advocates “Tracking Bracelets” For Vaccine Refuse-niks In 2010 Documentary

    ZeroHedge - Apr 29th 2020 4:20am EDT

    Canada’s Chief Public Health Officer Advocates “Tracking Bracelets” For Vaccine Refuse-niks In 2010 Documentary Authored by Paul Joseph Watson via Summit News, Canada’s current Chief Public Health Officer appeared in a recently resurfaced 2010 documentary in which she advocated using mandatory “tracking bracelets” for people who refuse to take a vaccine after a virus outbreak. […]

  • UK Warns Doctors About Mysterious New Respiratory Syndrome Appearing In Children

    ZeroHedge - Apr 29th 2020 3:45am EDT

    UK Warns Doctors About Mysterious New Respiratory Syndrome Appearing In Children A British trade publication for health-care professionals has just issued an extremely ominous warning. While the world is fixated on battling the coronavirus, a small group of British children have exhibited a mysterious new respiratory syndrome. According to the Health Service Journal, the Department […]

  • “How To End The Lockdown” Is The Only Story In Town

    ZeroHedge - Apr 29th 2020 3:10am EDT

    “How To End The Lockdown” Is The Only Story In Town Authored by Sam Leith via UnHerd.com, “Yikes,” I thought this morning. “My profession is trying to kill us.” The front pages – as they now had been for a few days – were full of the “dilemma” facing the Prime Minister: to ease or end […]

  • Italian Car Sales Plunged 98% In April

    ZeroHedge - Apr 29th 2020 2:35am EDT

    Italian Car Sales Plunged 98% In April You can’t get much more of a “worse case scenario” in auto sales than watching numbers plunge an astounding 98%. But that’s exactly what has happened with new car sales in Italy, which remains mostly on lockdown, for the first 24 days of April for this year.  Across […]

  • EU Self-Censors As China’s Global Intimidation Campaign Grows

    ZeroHedge - Apr 29th 2020 2:00am EDT

    EU Self-Censors As China’s Global Intimidation Campaign Grows Authored by Soeren Kern via The Gatestone Institute, The European Union has caved in to pressure from China and has watered down a report on Chinese efforts to deflect blame for the coronavirus pandemic. Officials in Beijing reportedly threatened to block the export of medical supplies to […]

  • US Navy Takes Delivery Of Futuristic Stealth Destroyer (7 Years Late)

    ZeroHedge - Apr 29th 2020 1:00am EDT

    US Navy Takes Delivery Of Futuristic Stealth Destroyer (7 Years Late) After years of delays, the US Navy has finally taken delivery of its next-generation guided-missile stealth destroyer on Friday (April 24) for the next phase of developmental and integrated at-sea testing, reports Naval Today.  For the USS Zumwalt (DDG-1000), a 16,000-ton stealth destroyer, the construction […]

  • China’s Religious Persecution In The Age Of COVID-19

    ZeroHedge - Apr 29th 2020 12:05am EDT

    China’s Religious Persecution In The Age Of COVID-19 Authored by Susan Crabtree via RealClearPolitics.com, It’s a portrait of contrasts in the age of pandemic… In the United States, small but passionate protests have broken out in recent weeks as some workers and worshipers chafe at being quarantined – even as most federal and state governments […]

  • Visualizing How COVID-19 Consumer Spending Is Impacting Industries

    ZeroHedge - Apr 28th 2020 11:45pm EDT

    Visualizing How COVID-19 Consumer Spending Is Impacting Industries Consumer spending is one of the most important driving forces for global economic growth. Beyond impacting some of the factors that determine consumer spend – such as consumer confidence, unemployment levels, or the cost of living – Visual Capitalist’s Katie Jones notes that the COVID-19 pandemic has […]

  • If This Is What “The New Normal” Is Going To Look Like, It’s Going To Be Horrible

    ZeroHedge - Apr 28th 2020 11:25pm EDT

    If This Is What “The New Normal” Is Going To Look Like, It’s Going To Be Horrible Authored by Michael Snyder via TheMostImportantNews.com, Are we going to allow fear of COVID-19 to fundamentally reshape social behavior for many years to come?  It is hard to imagine a world where we are all afraid to shake […]

  • “Corona-Killing” UV Bots Could Be Deployed At Military Bases

    ZeroHedge - Apr 28th 2020 11:05pm EDT

    “Corona-Killing” UV Bots Could Be Deployed At Military Bases Last week President Trump suggested that injecting ultraviolet light into the body could be one method in killing COVID-19. Then, a biotech company, with unproven science, touted it could send a catheter into the throat of a patient, emitting UV rays into the body to defeat the […]

  • Triumph Of The Woke Oligarchs

    ZeroHedge - Apr 28th 2020 10:45pm EDT

    Triumph Of The Woke Oligarchs Authored by Joel Kotkin via RealClearEnergy.org, Like the rest of the country, although far less than New York, California is suffering through the Covid-19 crisis. But in California, the pandemic seems likely to give the state’s political and corporate elites a new license to increase their dominion while continuing to […]

  • Study Finds ‘Historic’ Drop In Math, Reading Scores Since Adoption Of Common Core

    ZeroHedge - Apr 28th 2020 10:25pm EDT

    Study Finds ‘Historic’ Drop In Math, Reading Scores Since Adoption Of Common Core Reading and math scores in the US have suffered ‘historic’ declines since most states implemented the Common Core curriculum standard six years ago, according to a new study from the Pioneer Institute. While Common Core was promoted as improving the international competitiveness […]

  • Good News America – Old (Spending) Habits Die Hard

    ZeroHedge - Apr 28th 2020 10:05pm EDT

    Good News America – Old (Spending) Habits Die Hard Via DataTrekResearch.com, “Everything’s going to be different” is a pretty popular phrase these days. Implicit in that idea, at least in part, is the notion that our day-to-day habits are changing as we work from home, shop more online, Zoom call with colleagues and friends, and order […]