News From ZeroHedge, Page 3144

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  • 5 Reasons Why The “V-Shaped Recovery” Is A Fantasy

    ZeroHedge - Apr 15th 2020 2:05pm EDT

    5 Reasons Why The “V-Shaped Recovery” Is A Fantasy Authored by Simon Black via SovereignMan.com, The big story over the last few days has been ‘reopening the economy’. And that’s certainly a nice idea. Countless people have been living in despair over the last month, and the prospect of everything going back to normal soon […]

  • Small Business Bailout Fund To Run Out Of Money Today

    ZeroHedge - Apr 15th 2020 1:56pm EDT

    Small Business Bailout Fund To Run Out Of Money Today With millions in small business owners still waiting for their bank to get back to them on the status of their business continuity loan/grant application, it appears that some applicants have been more equal than others, and according to the Journal, the small-business loan program […]

  • Will The S&P Retest The Lows? It Depends On Whether This “Battle Line” Is Breached

    ZeroHedge - Apr 15th 2020 1:50pm EDT

    Will The S&P Retest The Lows? It Depends On Whether This “Battle Line” Is Breached Until today’s catastrophic economic data – which saw industrial production, housing, retail sales, and New York manufacturing all plunging at or near record levels and which sent stocks sliding – some Wall Street strategists had become confident that the worst […]

  • Far Worse To Come: COVID-19 Collapse Of State & Local Governments

    ZeroHedge - Apr 15th 2020 1:35pm EDT

    Far Worse To Come: COVID-19 Collapse Of State & Local Governments Authored by Grady Means, op-ed via The Hill, Another sudden and unexpected factor will transform this year’s elections. Many states, cities and counties are about to, suddenly, run out of money. Wages won’t be paid. Services won’t be delivered. Institutions will shut down abruptly. […]

  • WHO Responds After Trump Pulls Funding

    ZeroHedge - Apr 15th 2020 1:20pm EDT

    WHO Responds After Trump Pulls Funding The World Health Organization has responded to President Trump’s decision to suspend funding, and hopes that the decision will be reversed. “We regret the decision of the President of the United States to order a halt in funding to the World Health Organization,” said WHO Director-General Tedros Adhanom Ghebreyesus […]

  • Investing Giants Gundlach, El-Erian, Marks Slam The Fed’s Takeover Of The Market

    ZeroHedge - Apr 15th 2020 12:50pm EDT

    Investing Giants Gundlach, El-Erian, Marks Slam The Fed’s Takeover Of The Market In the span of just three weeks what little was left of efficient, free markets ended forever. It started on March 15 when the Fed unveiled its first multi-trillion repo “bazooka” meant to rescue basis-trading hedge funds as the alternative was a flood […]

  • WHO Blocked Doctors From Urging Border Controls To Stop Spread Of COVID-19

    ZeroHedge - Apr 15th 2020 12:35pm EDT

    WHO Blocked Doctors From Urging Border Controls To Stop Spread Of COVID-19 Authored by Paul Joseph Watson via Summit News, The World Health Organization blocked doctors from urging countries to impose border controls to stop the spread of coronavirus, it has been revealed. While the organization was demanding countries impose zero border controls, it was […]

  • Ventilators By Cloak & Dagger: Israel’s Mossad Boasts Of Stealing Medical Gear From Other Countries

    ZeroHedge - Apr 15th 2020 12:20pm EDT

    Ventilators By Cloak & Dagger: Israel’s Mossad Boasts Of Stealing Medical Gear From Other Countries An Israel broacast interview featuring a high level Mossad operative is making waves in the region after an intelligence official admitted using “a little” theft to obtain medical protective equipment in the fight against coronavirus, which has been in short supply […]

  • CEO Of Shale Giant: “No One Wants To Give Us Capital Because We Have All Destroyed Capital And Created Economic Waste”

    ZeroHedge - Apr 15th 2020 12:17pm EDT

    CEO Of Shale Giant: “No One Wants To Give Us Capital Because We Have All Destroyed Capital And Created Economic Waste” Authored by Josh Siegel and Abby Smith, from the Washington Examiner TEXAS DEBATES PRODUCTION CUTS: Texas can lead in producing a “real” U.S. oil production cut to save the shale industry, Scott Sheffield, CEO […]

  • “Overstated?” – Laying Out The Bullish & Bearish Stock Arguments From Here

    ZeroHedge - Apr 15th 2020 12:06pm EDT

    “Overstated?” – Laying Out The Bullish & Bearish Stock Arguments From Here The somewhat unprecedented bounce back in stocks – after the fastest collapse on record – has as many bulls as bears frothing at the bit to add to their positions one way or another as either “the buying opportunity of a lifetime” or […]

  • Frontier Agrees On Debt Restructuring, Files For Bankruptcy

    ZeroHedge - Apr 15th 2020 11:55am EDT

    Frontier Agrees On Debt Restructuring, Files For Bankruptcy Frontier Communications Corporation filed for bankruptcy on Tuesday night, as it has entered into a Restructuring Support Agreement (RSA) with bondholders representing 75% of the high-speed internet company’s $11 billion outstanding unsecured bonds. The company has spent the last months warning about its going concern and recently had discussions […]

  • Over 25% of Michigan Workforce Filed For Unemployment

    ZeroHedge - Apr 15th 2020 11:40am EDT

    Over 25% of Michigan Workforce Filed For Unemployment Authored by Mike Shedlock via MishTalk, Michigan is one of the hardest hit states when it comes to Covid19 layoffs. Let’s take a look at the stats. Michigan Live reports Over 1 Million Michigan Residents Have Filed for Unemployment. More than 1 million people – over a […]

  • AOC: ‘Let’s Talk About Joe Biden’s Sexual Assault Claim’

    ZeroHedge - Apr 15th 2020 11:25am EDT

    AOC: ‘Let’s Talk About Joe Biden’s Sexual Assault Claim’ Rep. Bernie Sanders (I-VT) may have sold out and endorsed a credibly accused sexual predator after his pie-eyed supporters emptied their pockets to chase a pipe dream, but fellow socialist Rep. Alexandria Ocasio-Cortez (D-NY), has not. On Tuesday, AOC opened the door to discussing a sexual […]

  • What Is The Stock Market Telling Us?

    ZeroHedge - Apr 15th 2020 11:11am EDT

    What Is The Stock Market Telling Us? Authored by Bill Blain via MorningPorridge.com, “Shoebox in middle of road? Luxury… You had it lucky..” What is the stock market telling us? It believes in the Central Bank Put….? It buys the story the recent slew of positively-trending Coronavirus numbers means a swift economic reopening and sharp […]

  • Bracing For Impact: US Banks Set Aside $27 Billion For Credit Losses From The Coronacession

    ZeroHedge - Apr 15th 2020 10:55am EDT

    Bracing For Impact: US Banks Set Aside $27 Billion For Credit Losses From The Coronacession According to Rabobank (paraphrasing the Simsons Cartoon Guy), this may be the worst recession ever, although judging by bank earnings – now that most big banks have already reported results – that realization will take some time to filter through. […]

  • Pentagon IG Strikes Blow To Amazon, Rules $10B Award To Microsoft Was Proper

    ZeroHedge - Apr 15th 2020 10:42am EDT

    Pentagon IG Strikes Blow To Amazon, Rules $10B Award To Microsoft Was Proper The Defense Department’s Inspector General dealt a blow to Amazon Wednesday, after finding that the Pentagon’s decision to award a $10 billion cloud-computing contract to Microsoft was proper, and “consistent with applicable acquisition standards.” What’s more, the IG found no evidence that […]

  • WTI Extends Losses Below $20 After Record Surge In Crude Inventories

    ZeroHedge - Apr 15th 2020 10:37am EDT

    WTI Extends Losses Below $20 After Record Surge In Crude Inventories WTI crashed below $20 (tagging $19.20) overnight after API reported huge inventory builds and was not helped by comments from the International Energy Agency that a historic production cut deal won’t be enough to counter a record demand slump this year. This appears to […]

  • BofA Shows How Consumer Spending Changed Every Day Over The Past Month

    ZeroHedge - Apr 15th 2020 10:29am EDT

    BofA Shows How Consumer Spending Changed Every Day Over The Past Month Earlier this morning, the Dept of Commerce reported that March retail sales saw the biggest sequential drop on record, and biggest annual decline since the financial crisis. Which was to be expected: with the US economy shutting down and Americans forced to isolate […]

  • Bank of Canada Announces Provincial, Corporate QE

    ZeroHedge - Apr 15th 2020 10:14am EDT

    Bank of Canada Announces Provincial, Corporate QE While the Bank of Canada kept its overnight rate at 0.25% as expected – as the alternative after three consecutive rate cuts would have been to cut below its effective lower bound of 0.25% and go NIRP – the central bank did surprise markets by joining the unprecedented […]

  • Homebuilder Sentiment Collapses As Mortgage Purchase Apps Plunge To Lowest In 5 Years

    ZeroHedge - Apr 15th 2020 10:05am EDT

    Homebuilder Sentiment Collapses As Mortgage Purchase Apps Plunge To Lowest In 5 Years While overall mortgage applications rose 7.3% week-over-week, thanks to a 10.1% surge in refinancings, the Mortgage Bankers Association report this week shows that home purchase applications have plunged to their lowest since 2015… Source: Bloomberg “The 30-year fixed mortgage rate decreased last […]

  • Gilead Shares Slide As China Cancels Another Remdesivir Study

    ZeroHedge - Apr 15th 2020 9:30am EDT

    Gilead Shares Slide As China Cancels Another Remdesivir Study Over the weekend, a headline out of mainland China caught our eye, even as it was seemingly ignored by the broader mainstream press: a day earlier, Gilead had announced that health authorities in Beijing had shuttered a trial of Gilead’s remdesivir, one of the earliest ‘miracle […]

  • US Industrial Production Crashes By Most Since End Of World War II

    ZeroHedge - Apr 15th 2020 9:21am EDT

    US Industrial Production Crashes By Most Since End Of World War II After surviving February (before COVID) with a modest MoM rise, US Industrial Production plunged 5.4% MoM (considerably worse than the 4.0% drop expected and the worst MoM since Jan 1946)… Also, after briefly turning positive YoY in February, March Industrial Production is down […]

  • Elizabeth Warren Endorses Biden

    ZeroHedge - Apr 15th 2020 9:12am EDT

    Elizabeth Warren Endorses Biden Sen. Elizabeth Warren (D-MA) has officially endorsed Joe Biden – tweeting her support along with a short video on Wednesday. “In this moment of crisis, it’s more important than ever that the next president restores Americans’ faith in good, effective government—and I’ve seen Joe Biden help our nation rebuild,” said Warren. […]

  • Retail Icon JC Penney Prepares To File For Bankruptcy Protection

    ZeroHedge - Apr 15th 2020 9:05am EDT

    Retail Icon JC Penney Prepares To File For Bankruptcy Protection Roughly one week after the first reports were published about the Plano Texas-based department store exploring a Chapter 11 filing surfaced, JC Penney is officially filing for bankruptcy, sending its battered shares sliding even lower. Reuters revealed late last night that a filing is imminent […]

  • US Answers China Provocations In Show of Force ‘Elephant Walk’ Of B-52 Bombers In Guam

    ZeroHedge - Apr 15th 2020 8:51am EDT

    US Answers China Provocations In Show of Force ‘Elephant Walk’ Of B-52 Bombers In Guam Days after China conducted a military drill with fighter jets and an aircraft carrier near Taiwan, the US Air Force conducted its own ‘show of force’ demonstrating defense readiness with an ‘elephant walk’ of bombers on Anderson Air Force Base in […]