News From ZeroHedge, Page 3197

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  • The Pandemic In My Neighborhood: Michael Lewis Laments The End Of Human Interaction

    ZeroHedge - Mar 25th 2020 5:00pm EDT

    The Pandemic In My Neighborhood: Michael Lewis Laments The End Of Human Interaction Authored by Michael Lewis, op-ed via Bloomberg.com, We have so little data for how we’re supposed to live in this social-distancing world… At the same time much of Northern California was ordered to shelter in place, it was granted lots of exceptions to the order. […]

  • 2.5 Million Initial Jobless Claims Tomorrow?

    ZeroHedge - Mar 25th 2020 4:45pm EDT

    2.5 Million Initial Jobless Claims Tomorrow? Last week’s initial claims print, which surged to 281K from a recent baseline of about 220K, while bad was nowhere near the apocalyptic prints some strategists had predicted in light of the massive closures of restaurants, retailers, lodgings, and virtually all other service establishments which have shuttered for the […]

  • “It’s Safe!” – FDIC Urges Americans To Keep Their Money In The Banks

    ZeroHedge - Mar 25th 2020 4:30pm EDT

    “It’s Safe!” – FDIC Urges Americans To Keep Their Money In The Banks Authored by Simon Black via SovereignMan.com, Yesterday the Chair of the FDIC released an astonishing video asking Americans to keep their money in the bank. Accompanied by soft piano music playing in the background, the official said: “Your money is safe at […]

  • Unprecedented Collapse: US Airline Traffic Currently Just 10% Of Normal

    ZeroHedge - Mar 25th 2020 4:16pm EDT

    Unprecedented Collapse: US Airline Traffic Currently Just 10% Of Normal Previously we reported that the US restaurant and retail industries have all but shut down. We can now add airlines. According to this stunning chart from Deutsche Bank’s Torsten Slok, US airline passenger traffic is currently just 10% of normal. As Slok explains, “on a […]

  • Stocks Scream Higher On Greatest Short-Squeeze In History, Bonds & Bullion Shrug

    ZeroHedge - Mar 25th 2020 4:03pm EDT

    Stocks Scream Higher On Greatest Short-Squeeze In History, Bonds & Bullion Shrug “Fear” is almost over according to the market’s “Virus Fear” trade… Source: Bloomberg The Dow is up by almost 18% in the last 2 days – the biggest 2-day surge since March 1933… Source: Bloomberg And Dow futures are up a stunning 20% […]

  • Apple Tumbles After Report Says 5G iPhone Could Be Delayed To 2021

    ZeroHedge - Mar 25th 2020 4:00pm EDT

    Apple Tumbles After Report Says 5G iPhone Could Be Delayed To 2021 A new report from Nikkei Asian Review states that Apple could delay the launch of its 5G iPhone over supply chain disruptions in China and new fears of demand issues as the global economy crashes. Sources told Nikkei that Apple has “held internal discussions on […]

  • China Lifts Lockdown On Hubei Province Despite COVID-19 Resurgence

    ZeroHedge - Mar 25th 2020 3:50pm EDT

    China Lifts Lockdown On Hubei Province Despite COVID-19 Resurgence People flooded onto trains and buses in Hubei province on Wednesday after China lifted a two-month lockdown on the epicenter of the coronavirus outbreak, which began in the eastern city of Wuhan (roughly 900 feet from a laboratory where they were experimenting on bat coronavirus that’s […]

  • Cuomo: Stimulus Deal “Terrible” – Would Leave NY With “Drop In The Bucket”

    ZeroHedge - Mar 25th 2020 3:35pm EDT

    Cuomo: Stimulus Deal “Terrible” – Would Leave NY With “Drop In The Bucket” New York Governor Andrew Cuomo (D) criticized the impending COVID-19 stimulus deal as “terrible,” and would allocate a “drop in the bucket” to the worst-hit state in the nation, according to The Hill. “The Senate is considering a $2 trillion bill, which […]

  • The Global Economy Won’t Bounce Back Soon

    ZeroHedge - Mar 25th 2020 3:20pm EDT

    The Global Economy Won’t Bounce Back Soon Authored by Daniel Lacalle, The Danger Of Estimating Rapid Recovery In February, the general consensus among large investment banks and supranational entities was that there would be a one-time impact on GDP in the first quarter due to the impact of the coronavirus, followed by a stronger recovery […]

  • Bond Market Tears In Two: Distressed Debt Is Cratering, As Fed Buying Of Investment Grade Sends LQD NAV Soaring

    ZeroHedge - Mar 25th 2020 3:05pm EDT

    Bond Market Tears In Two: Distressed Debt Is Cratering, As Fed Buying Of Investment Grade Sends LQD NAV Soaring Just last Friday we reported that the number of distressed debt in the US – roughly defined as bonds with a spread of over 10% – had soared, doubling in just two weeks to a remarkable […]

  • Rabobank: “Is Trump Being A Cautious Optimist, Or Just Careless?”

    ZeroHedge - Mar 25th 2020 2:50pm EDT

    Rabobank: “Is Trump Being A Cautious Optimist, Or Just Careless?” Submitted by Michael Every of Rabobank It is perhaps a bit remarkable that we have seen the biggest one day [ZH: soon, two-day] gain in the Dow Jones index since 1933 and a 9.5% gain for the S&P 500 index yesterday. Where a day earlier […]

  • Pompeo Denounces China’s “Wuhan Virus Disinformation Campaign” Before G7 Leaders

    ZeroHedge - Mar 25th 2020 2:35pm EDT

    Pompeo Denounces China’s “Wuhan Virus Disinformation Campaign” Before G7 Leaders The worsening tit-for-tat exchange of blame for the spread of coronavirus between Washington and Beijing continues, as on Wednesday Secretary of State Mike Pompeo slammed China’s “intentional disinformation campaign” behind the “Wuhan virus” — something Pompeo says was discussed among the Group of Seven (G7) big economies in a […]

  • Italy Over The Hump? Decline In New Cases, Deaths Suggests Lockdown Is Working

    ZeroHedge - Mar 25th 2020 2:20pm EDT

    Italy Over The Hump? Decline In New Cases, Deaths Suggests Lockdown Is Working Italy has been by far the hardest hit developed nation as the novel coronavirus spreads across the world, with really only Iran ranking as a more severe outbreak, while outbreaks in Spain and France are rapidly accelerating and threaten to soon join […]

  • “Greatest Depression Has Already Started”, Celente Warns

    ZeroHedge - Mar 25th 2020 2:05pm EDT

    “Greatest Depression Has Already Started”, Celente Warns Via Greg Hunter’s USAWatchdog.com, Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says the world is already in an economic depression. Celente explains, “Never in the history of the world has the whole world, or most of the world, been shut down by politicians destroying […]

  • 47,000 Stores Shutter Across The US As Virtually All Retailers Stop Paying Rent

    ZeroHedge - Mar 25th 2020 1:50pm EDT

    47,000 Stores Shutter Across The US As Virtually All Retailers Stop Paying Rent Even before the coronavirus pandemic ground the US economy to a halt, the US brick and mortar retail sector was facing an apocalypse of epic proportions with dozens of retailers filing for bankruptcy in recent years as Amazon stole everyone’s market share… […]

  • Coronavirus Bill May Suffer Further Delay After GOP Senators Demand Fix For “Massive Drafting Error”

    ZeroHedge - Mar 25th 2020 1:37pm EDT

    Coronavirus Bill May Suffer Further Delay After GOP Senators Demand Fix For “Massive Drafting Error” First it was Nancy Pelosi ‘rode into town from her extended vacation’ to kill the GOP coronavirus bill. Now, despite what we were told was a done dea, three Republican Senators have demanded an “immediate fix” to a drafting error […]

  • Pompeo Urges Saudi Crown Prince To “Rise To Occasion”, Help Lift The Price Of Oil

    ZeroHedge - Mar 25th 2020 1:32pm EDT

    Pompeo Urges Saudi Crown Prince To “Rise To Occasion”, Help Lift The Price Of Oil With the world obsessing over every daily update of new cases in Lombardy or New York to gauge if we have “peaked the curve”, many appear to be forgetting that there is another, just as pressing problem facing global capital […]

  • 5Y Auction Treasury Prices At Lowest Yield Ever Despite Sharp Foreign Buyer Pullback

    ZeroHedge - Mar 25th 2020 1:25pm EDT

    5Y Auction Treasury Prices At Lowest Yield Ever Despite Sharp Foreign Buyer Pullback If yesterday’s tailing 2Y auction was more of a shot in the dark, with an avalanche of new issuance coming down the pipe and was hardly indicative of what future demand will look like, the same can be said for today’s 5Y […]

  • Poll: 100% Of Americans Expect To Get COVID-19

    ZeroHedge - Mar 25th 2020 1:16pm EDT

    Poll: 100% Of Americans Expect To Get COVID-19 Authored by Steve Watson via Summit News, A new survey has discovered that every single American is convinced they will get the coronavirus, highlighting just how entrenched the message about the crisis has become in the US. The poll by Survey USA finds that 100 percent of respondents said […]

  • Stocks Roar, Dow Up 1,000 After More Clarity Emerges On Buyback Ban

    ZeroHedge - Mar 25th 2020 1:00pm EDT

    Stocks Roar, Dow Up 1,000 After More Clarity Emerges On Buyback Ban Earlier today we reported that one of the reasons why futures slumped after rising as high as 2,500 in the overnight session following the announcement that a fiscal stimulus deal had been reached between the White House and Congress, is that according to […]

  • Bill Ackman’s Spectacular Trade: How Pershing Square Made $2.6 Billion – A 100x Return – In Just Three Weeks

    ZeroHedge - Mar 25th 2020 12:49pm EDT

    Bill Ackman’s Spectacular Trade: How Pershing Square Made $2.6 Billion – A 100x Return – In Just Three Weeks Over the past week, an at-times manic Bill Ackman made headlines when he appeared, on several occasions, on CNBC and Bloomberg, urging viewers (and certainly his LPs) to remain invested in the market which until yesterday’s […]

  • DHS Warns NYC Morgues Near Capacity As Local Hospitals Construct Makeshift Facilities

    ZeroHedge - Mar 25th 2020 12:45pm EDT

    DHS Warns NYC Morgues Near Capacity As Local Hospitals Construct Makeshift Facilities New York City morgues are nearing capacity and will be full as soon as next week, according to a Department of Homeland Security official which was corroborated by a Politico source. Makeshift tents outside Manhattan’s Bellevue Hospital Another person familiar with the situation […]

  • $5 Trillion Down The Drain

    ZeroHedge - Mar 25th 2020 12:30pm EDT

    $5 Trillion Down The Drain Authored by Stephen Moore via RasmussenReports.com, In the face of the coronavirus pandemic, everyone should read Robert Higgs’ economic classic “Crisis and Leviathan.” The critical warning of this masterpiece is that government always uses a crisis – from the Civil War to the Great Depression to World War II – […]

  • Mayor de Blasio Fighting Coronacrisis By Letting Hundreds Of Criminals Out Of Prison

    ZeroHedge - Mar 25th 2020 12:15pm EDT

    Mayor de Blasio Fighting Coronacrisis By Letting Hundreds Of Criminals Out Of Prison In the latest example of “outside the box thinking” from America’s favorite mayor, Bill de Blasio – whose city is being ravaged by the coronavirus and is slowly becoming the epicenter for the outbreak in the U.S. – decided to release inmates […]

  • Environmentalist Group: “Corona Is The Cure – Humans Are The Disease”

    ZeroHedge - Mar 25th 2020 12:00pm EDT

    Environmentalist Group: “Corona Is The Cure – Humans Are The Disease” Authored by Paul Joseph Watson via Summit News, A climate change group that aligns itself with Extinction Rebellion posted stickers claiming that coronavirus is a “cure” for the “disease” that is humanity. “Earth is healing. The air and water is clearing,” tweeted Extinction Rebellion […]