News From ZeroHedge, Page 3110

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  • WaPo Headline “Amplifies” Concerns Over Double Standard On Biden Sexual Assault Allegation

    ZeroHedge - Apr 28th 2020 2:30pm EDT

    WaPo Headline “Amplifies” Concerns Over Double Standard On Biden Sexual Assault Allegation Authored by Jonathan Turley, The Washington Post is facing intense criticism over a headline on the sexual assault allegation against former Vice President Joe Biden by former Senate aide Tara Reade.  Various witnesses have come forward to support Reade by saying that she […]

  • Trump Wants All US Troops Immediately Out Of Afghanistan Due To Coronavirus

    ZeroHedge - Apr 28th 2020 2:15pm EDT

    Trump Wants All US Troops Immediately Out Of Afghanistan Due To Coronavirus It appears the coronavirus pandemic may have provided the leverage President Trump needs to finally get all American troops out of the over eighteen-year quagmire in Afghanistan.  A new report this week by NBC has cited multiple senior officials to say the president “complains […]

  • Waffle House Gives Nation First Glance At What Re-Opening The Economy Will Look Like

    ZeroHedge - Apr 28th 2020 1:44pm EDT

    Waffle House Gives Nation First Glance At What Re-Opening The Economy Will Look Like Above all things, Waffle House has made a reputation for itself as being reliable. The 24-hour diners, scattered mostly South of the Mason-Dixon line in the U.S. have become a staple for always being open and providing late-night (or early morning) […]

  • Biden Says “I’m With Her” After Hillary Endorsement, Discusses “Economic Intercourse”

    ZeroHedge - Apr 28th 2020 1:26pm EDT

    Biden Says “I’m With Her” After Hillary Endorsement, Discusses “Economic Intercourse” Well… that puts an end to any ‘hopes’ that Hillary Clinton will run… again. ‘She’ appears to be ready to endorse Joe Biden… A little hint about who the surprise guest will be for @JoeBiden’s 3pm ET town hall today: (She’s excited.) pic.twitter.com/iGHo6a6G1s — […]

  • Oklahoma Urges Trump To Declare COVID-19 An “Act Of God” To Help Oil Industry

    ZeroHedge - Apr 28th 2020 1:25pm EDT

    Oklahoma Urges Trump To Declare COVID-19 An “Act Of God” To Help Oil Industry Authored by Tsvetana Paraskova via OilPrice.com, Oklahoma Governor Kevin Stitt called on U.S. President Donald Trump to declare the coronavirus pandemic an ‘Act of God’ to help oil firms in Oklahoma as they look to curtail or stop production until demand recovers. In […]

  • 7Y Treasuries Price At Record Low Yield Despite Incoming Supply Flood

    ZeroHedge - Apr 28th 2020 1:15pm EDT

    7Y Treasuries Price At Record Low Yield Despite Incoming Supply Flood Following two spectacular coupon auctions, with a surge in buyside demand for both the 2Y and 5Y Treasury auctions held on Monday, moments ago the Treasury sold $35BN in the week’s final coupon issuance in this truncated week, which priced at a yield of […]

  • House Democrats Won’t Return To Washington Next Week After All; Senate Set To Reconvene Monday

    ZeroHedge - Apr 28th 2020 1:10pm EDT

    House Democrats Won’t Return To Washington Next Week After All; Senate Set To Reconvene Monday It looks like Nancy Pelosi will be forced to plow through ice cream from her the forseable future after House Democrats changed their minds on Tuesday about returning to Washington next week over fears about whether it’s safe to return […]

  • Powerful T-Storms Threaten 60 Million Americans As “Squall Lines” Could Produce Twisters  

    ZeroHedge - Apr 28th 2020 1:00pm EDT

    Powerful T-Storms Threaten 60 Million Americans As “Squall Lines” Could Produce Twisters   Widespread severe thunderstorms are expected to develop on Tuesday from Texas to Wisconsin, unleashing damaging winds, torrential rain, hail, and the threat of tornadoes in some regions. “An upper-level trough will dig southeastward from the northern Plains into the central Plains today. An […]

  • Howard Stern: Trump Supporters Should All Have A Big Virus Rally, Take Disinfectant, & “Drop Dead”

    ZeroHedge - Apr 28th 2020 12:45pm EDT

    Howard Stern: Trump Supporters Should All Have A Big Virus Rally, Take Disinfectant, & “Drop Dead” Authored by Paul Joseph Watson via Summit News, According to radio host Howard Stern, Trump supporters should gather for a large coronavirus rally, take disinfectant and “drop dead.” The SiriusXM host made the remarks while taking a call from […]

  • President Trump Readies Bailout For Nation’s Food Suppliers

    ZeroHedge - Apr 28th 2020 12:38pm EDT

    President Trump Readies Bailout For Nation’s Food Suppliers President Trump, on Tuesday, said he would be signing an executive order to address the meat supply aimed at Tyson Foods Inc.’s shuttered meatpacking plants that could disrupt the nation’s food supply in May. The president did not elaborate much on the executive order but noted Tyson […]

  • Tesla Drops Its D&O Insurance, Says Elon Musk Will Now “Personally Provide Coverage”

    ZeroHedge - Apr 28th 2020 12:30pm EDT

    Tesla Drops Its D&O Insurance, Says Elon Musk Will Now “Personally Provide Coverage” Of all of the “oddities” to come out of Tesla over the last decade or so, the one thing the company was never stupid enough to do – amidst what appears to be a neverending flurry of lawsuits and legal problems – […]

  • Third Major Transfer From The Middle Class To The Wealthy In 20 Years

    ZeroHedge - Apr 28th 2020 12:15pm EDT

    Third Major Transfer From The Middle Class To The Wealthy In 20 Years Authored by Mike Shedlock via MishTalk, The Fed is robbing the middle class once again… For the third time in 20 years, the Fed has targeted the middle class for the benefit of the wealthy. Don’t believe Fed lies. Its bailout of […]

  • Biggest European Banks Brace For Default Tsunami As Loan Losses Soar

    ZeroHedge - Apr 28th 2020 12:00pm EDT

    Biggest European Banks Brace For Default Tsunami As Loan Losses Soar After a dismal first quarter for US banks which saw a surge in loan loss reserves, if not nearly enough to offset the default wave that is coming…   … it was the turn of Europe’s mega banks to “open the kimono” so to […]

  • Trump Says ‘COVID Reparations’ Coming: US Will Bill China At Least $160 Billion

    ZeroHedge - Apr 28th 2020 11:40am EDT

    Trump Says ‘COVID Reparations’ Coming: US Will Bill China At Least $160 Billion At a moment total US COVID-19 cases fast approaches one million, President Trump has again lashed out at China but this time with a very specific threat to bill the county of the devastating coronvirus’ origin more that $160 billion for the ‘substantial’ amount […]

  • Rabo: Pelosi’s Stunning Proposal “Shows How Bad Things Are Right Now Out There”

    ZeroHedge - Apr 28th 2020 11:25am EDT

    Rabo: Pelosi’s Stunning Proposal “Shows How Bad Things Are Right Now Out There” Submitted by Michael Every of Rabobank It was another risk-off day in Asia with stocks generally down and oil prices most decidedly so. WTI was trading at USD10.89 at the time of writing when it started the year at around USD60, and […]

  • Politico Quietly Admits Their ‘Trump Owes China Millions’ Article Was Fake News With Midnight Correction

    ZeroHedge - Apr 28th 2020 10:55am EDT

    Politico Quietly Admits Their ‘Trump Owes China Millions’ Article Was Fake News With Midnight Correction Three days after Politico dropped a ‘bombshell’ report about President Trump owing millions of dollars to the Bank of China, they published a lengthy retraction seven minutes before midnight on Monday. The article claimed that a $1 billion refinancing deal […]

  • US Consumer Confidence Collapses, Richmond Fed Crashes To Record Lows

    ZeroHedge - Apr 28th 2020 10:09am EDT

    US Consumer Confidence Collapses, Richmond Fed Crashes To Record Lows After plunging in March, expectations were for The Conference Board confidence survey to crash even further in April as COVID concerns began to really rage and lockdowns went nationwide. The Conference Board’s headline index plummeted by 31.9 points, the sharpest drop since 1973 to its […]

  • Bronx ER Doctor Explains Why Reopening The Economy Now Might Actually Save Lives

    ZeroHedge - Apr 28th 2020 9:30am EDT

    Bronx ER Doctor Explains Why Reopening The Economy Now Might Actually Save Lives Last night, after we reported on a pair of ER doctors arguing that the US states should lift their lockdowns immediately (during the course of their argument, which was mostly rooted in trends they’ve witnessed first hand, they apparently made the error […]

  • 1-In-3 Americans Have Suffered A Layoff, Job Loss, Cut In Hours Or Income Due To COVID: Gallup

    ZeroHedge - Apr 28th 2020 9:12am EDT

    1-In-3 Americans Have Suffered A Layoff, Job Loss, Cut In Hours Or Income Due To COVID: Gallup Authored by Zach Hrunowski of Gallup Nearly one in three Americans have experienced a temporary layoff, permanent job loss, reduction in hours, or reduction of income as a result of the coronavirus situation. Eighteen percent have experienced more […]

  • US Home Prices Surged In February, But…

    ZeroHedge - Apr 28th 2020 9:02am EDT

    US Home Prices Surged In February, But… After a slight disappointment in January, analysts expected US home price growth to relatively stable… but instead it re-surged – rising 3.47% YoY (for the 20-City Composite) – the best YoY gain since Dec 2018. Source: Bloomberg Phoenix, Seattle, Tampa, Charlotte reported highest year-over-year gains among 20 cities […]

  • BMO: Optimism Is Getting Ahead Of Itself And Equities Are Vulnerable To Disappointment As Economy Reopens

    ZeroHedge - Apr 28th 2020 8:50am EDT

    BMO: Optimism Is Getting Ahead Of Itself And Equities Are Vulnerable To Disappointment As Economy Reopens Authored by Ian Lyngen, Jon Hill and Benjamin Jeffery, rates strategists at BMO Capital Markets In a continuation of the recent trend, risk assets have extracted sufficient optimism from the reopening preparation to further recoup much of March’s losses. […]

  • Quest Diagnostics Begins Selling COVID-19 Antibody Tests

    ZeroHedge - Apr 28th 2020 8:38am EDT

    Quest Diagnostics Begins Selling COVID-19 Antibody Tests How long before there is a run on these? First, it was N95 masks, then toilet paper, then hand sanitizer, and now nicotine patches; but we suspect the next virus-related item to be in ‘shortage’ is here… the COVID-19 Antibody Test. Quest Diagnostics has begun to sell its […]

  • Market Rises As The Economy Reopens, Routs Risk/Reward

    ZeroHedge - Apr 28th 2020 8:30am EDT

    Market Rises As The Economy Reopens, Routs Risk/Reward Authored by Lance Roberts via RealInvestmentAdvice.com, Market rises as the economy reopens. The question, however, is what happens next? While there has been much debate from the economic perspective, the market has risen in anticipation of the event. Is it an “all clear,” for the bulls, or […]

  • Crude Chaotic Again As Negative Price Fears Spark Dramatic Index/ETF Shifts

    ZeroHedge - Apr 28th 2020 8:13am EDT

    Crude Chaotic Again As Negative Price Fears Spark Dramatic Index/ETF Shifts Since we showed the renewed crash in the oil complex overnight, crude prices have roller-coastered dramatically after a major index tracked by billions of dollars in funds bailed out of near-term contracts for fear prices may turn negative again. June futures fell over 21% […]

  • Futures Surge, Dollar Tumbles As Oil Swings Wildly

    ZeroHedge - Apr 28th 2020 8:11am EDT

    Futures Surge, Dollar Tumbles As Oil Swings Wildly About one year ago, corporate profits didn’t matter and stocks would continue levitating day after day because “any minute now” Trump would complete a Phase 1 trade deal with China. Well, one year later, profits again don’t matter and probably never will again now that the Fed […]