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  • Nasdaq, Dow, S&P Futures Surge Limit-Up, Erasing Trump Presser Melt-down

    ZeroHedge - Mar 16th 2020 9:26pm EDT

    Nasdaq, Dow, S&P Futures Surge Limit-Up, Erasing Trump Presser Melt-down Another overnight session that reverses trend entirely from the day session… and another limit-up futures halt… Nasdaq futures are limit-up… once again… S&P futures are limit-up… And for context, Dow futures (are limit-up) have erased the late-day melt-down during Trump’s presser, up almost 1000 off […]

  • Oregon Police: ‘Don’t Call 911 Just Because You Ran Out Of Toilet Paper’

    ZeroHedge - Mar 16th 2020 9:10pm EDT

    Oregon Police: ‘Don’t Call 911 Just Because You Ran Out Of Toilet Paper’ In an almost hard to believe story which proves people are taking the “shit hit the fan” description of the current state of things way too literally, an Oregon police department had to warn people in a public announcement against calling 911 […]

  • Is The Bottom Finally In: Bridgewater Puts On $14 Billion Short

    ZeroHedge - Mar 16th 2020 8:52pm EDT

    Is The Bottom Finally In: Bridgewater Puts On $14 Billion Short 2020 has been a bizarre year: not only did stocks finally crash after the longest and most artificial “bull market” in history, sending an entire generation of clueless traders who had never seen more than a 10% correction puking into their toilet paper-free bathrooms […]

  • The World Must Not Forget The Fight For The Saudi Crown Amid Virus Panic

    ZeroHedge - Mar 16th 2020 8:30pm EDT

    The World Must Not Forget The Fight For The Saudi Crown Amid Virus Panic Authored by Patrick Cockburn via The Independent, The fear caused by the coronavirus outbreak is greater than that provoked by a serious war because everybody is in the front line and everybody knows that they are a potential casualty. The best parallel is […]

  • US Food Industry Scrambles To Resupply Stores Amid Apocalyptic Surge In Demand

    ZeroHedge - Mar 16th 2020 8:10pm EDT

    US Food Industry Scrambles To Resupply Stores Amid Apocalyptic Surge In Demand As coronavirus spreads throughout the United States, millions of panicked Americans have been hoarding everything from canned food to absurd amounts of toilet paper. Images of empty store shelves are compounding the situation, as worries over shortages amid a potential quarantine have added […]

  • Why The Covid-19 Rescue Plan Should Be Vehemently Opposed

    ZeroHedge - Mar 16th 2020 7:50pm EDT

    Why The Covid-19 Rescue Plan Should Be Vehemently Opposed Authored by Bruce Wilds via Advancing Time blog, More than a few reasons exist to vehemently oppose the federal covid-19 economic rescue package. This is the hastily drawn up package, which Trump said he fully supports and is rapidly working its way through Washington on its way to […]

  • Drunks Make One “Last Call” To Bars Before ‘Inevitable’ Nationwide Lockdown

    ZeroHedge - Mar 16th 2020 7:30pm EDT

    Drunks Make One “Last Call” To Bars Before ‘Inevitable’ Nationwide Lockdown While many townships and cities were in the process of limiting hours for their restaurants and bars, there was a small collective of people out trying to get their last hours of socializing in before what feels like an inevitable nationwide lockdown. While some […]

  • Why Saudi Arabia’s Oil Price War Is Doomed To Fail

    ZeroHedge - Mar 16th 2020 7:10pm EDT

    Why Saudi Arabia’s Oil Price War Is Doomed To Fail Authored by Andrew Critchlow via S&P Global Platts, Oil price wars rarely achieve their objectives. Saudi Arabia and Russia racing to out-pump each other is unlikely to be any different. Instead of declaring a victory in seizing market share back from their common rivals in […]

  • Toilet Paper Is The People’s Vaccine

    ZeroHedge - Mar 16th 2020 6:30pm EDT

    Toilet Paper Is The People’s Vaccine Authored by Edward Curtin via Off-Guardian.org, The coronavirus panic has resulted in hordes of people running after toilet paper. Such actions are the flip side of running with the bulls, except that I suspect those who run with the bulls have some sense of why they do it. I […]

  • Boeing, Which Repurchased Over $100BN In Stock, Is Downgraded To BBB, Seeks “Short-Term” Bailout

    ZeroHedge - Mar 16th 2020 5:58pm EDT

    Boeing, Which Repurchased Over $100BN In Stock, Is Downgraded To BBB, Seeks “Short-Term” Bailout Just hours after S&P took the machete to Exxon’s long standing AA+ credit rating, moments ago the rating agency went after the company which until just a few weeks ago seems invincible, and whose stock prices has crashed from $350 to […]

  • US On Brink Of War In Iraq – “Self Defense” Strikes Against Iranian Proxies On Table: Pompeo

    ZeroHedge - Mar 16th 2020 5:50pm EDT

    US On Brink Of War In Iraq – “Self Defense” Strikes Against Iranian Proxies On Table: Pompeo What a time for war to be brewing in the Middle East yet again: Washington warned Iraq’s government on Monday it is ready to act “self-defense” if American forces come under attack. This follows last week’s rocket attacks on […]

  • A.Gary Shilling: Globalists May Soon Become An Extinct Species

    ZeroHedge - Mar 16th 2020 5:30pm EDT

    A.Gary Shilling: Globalists May Soon Become An Extinct Species Authored by A.Gary Shilling, op-ed via Bloomberg.com, The disruptions caused by the spread of the coronavirus mean supply chains will be moved closer to home rather than in foreign lands… The coronavirus’s depressing effects on the global economy and disruptions of supply chains is no doubt […]

  • Spain, Italy Ban Short-Selling

    ZeroHedge - Mar 16th 2020 5:23pm EDT

    Spain, Italy Ban Short-Selling With Europe reeling under the weight of a record number of new coronavirus cases, especially in Italy and Spain, both countries announced today they they are banning short selling for the foreseeable future. Spain’s stock market regulator CNVM on Monday banned transactions with Spanish shares involving the creation and increase in […]

  • “How To Invest When The World Stops”

    ZeroHedge - Mar 16th 2020 5:10pm EDT

    “How To Invest When The World Stops” With traders and investors living in a state of near constant panic (while working from home or their parents’ basement in the case of millennials who just got blown up on all their “growth” stocks), virtually nobody has any idea what to do in a market that is […]

  • Liquidity Panic Reaches Staples: Kraft Heinz To Fully Draw Down $4 Billion Revolver

    ZeroHedge - Mar 16th 2020 4:44pm EDT

    Liquidity Panic Reaches Staples: Kraft Heinz To Fully Draw Down $4 Billion Revolver Last week investors were shocked when a barrage of major US corporations – including Boeing, Hilton, Wynn and a handful of PE portfolio companies – announced their decision to fully draw down on their existing credit lines. That said, for all the […]

  • Jim Quinn: Nothing To Fear But Fear Itself (& The End Of The World’s Existing Social Order)

    ZeroHedge - Mar 16th 2020 4:30pm EDT

    Jim Quinn: Nothing To Fear But Fear Itself (& The End Of The World’s Existing Social Order) Authored by Jim Quinn via The Burning Platform blog, “So, first of all, let me assert my firm belief that the only thing we have to fear is…fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts […]

  • VIX Closes At Record High As S&P Breaks Critical Trendline Support

    ZeroHedge - Mar 16th 2020 4:27pm EDT

    VIX Closes At Record High As S&P Breaks Critical Trendline Support Just to provide a little focused context on US markets, three major things occurred today: 1) this was the 3rd biggest down day for stocks… ever – Great Depression, 1987 and… now Source: Bianco Research 2) VIX closed at a record high – higher […]

  • Foreign Central Banks Dump Treasuries For 17th Straight Month, Continue To Hoard More Gold

    ZeroHedge - Mar 16th 2020 4:12pm EDT

    Foreign Central Banks Dump Treasuries For 17th Straight Month, Continue To Hoard More Gold For the first time since June, China added to its US Treasury holdings in January (the latest month from TIC data). The total for China — the second-largest holder of U.S. government debt after Japan – rose $8.7 billion in January […]

  • Amazon Hiring 100,000 Warehouse And Delivery Workers As Coronavirus-Driven Purchases Explode

    ZeroHedge - Mar 16th 2020 4:05pm EDT

    Amazon Hiring 100,000 Warehouse And Delivery Workers As Coronavirus-Driven Purchases Explode Amazon will hire 100,000 employees in the US to cope with the surge of Americans turning to online deliveries amid the coronavirus outbreak, according to the Wall Street Journal. Employees will also earn $2 more per hour through April, along with an additional £2 […]

  • “Total F**king Carnage” – Global Liquidation Accelerates Despite Massive Monetary Intervention

    ZeroHedge - Mar 16th 2020 4:00pm EDT

    “Total F**king Carnage” – Global Liquidation Accelerates Despite Massive Monetary Intervention The Fed unleashed a massive QE5/rate-cut/swap-line splooge overnight… From reddit pic.twitter.com/PwX3YrWPxB — Stalingrad & Poorski (@Stalingrad_Poor) March 16, 2020 And here’s what The Fed hoped it would achieve… BREAKING: Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program pic.twitter.com/GilDEux96B […]

  • Elon Musk To His Workers: “You’re More Likely To Die In A Car Crash Than From Coronavirus”

    ZeroHedge - Mar 16th 2020 4:00pm EDT

    Elon Musk To His Workers: “You’re More Likely To Die In A Car Crash Than From Coronavirus” Elon Musk is telling his workers that they have a higher risk of dying in a car crash than from coronavirus, in what has become the latest in a string of actions Musk appears to be taking to try […]

  • $290 Billion Fund’s Advice To Investors: Don’t Look At Markets

    ZeroHedge - Mar 16th 2020 3:45pm EDT

    $290 Billion Fund’s Advice To Investors: Don’t Look At Markets 112-year-old Scottish fund manager Baillie Gifford has seen market crises come and go before and as Covid-19, an oil-price war and fears of a U.S. recession are slamming global markets, partner Stuart Dunbar has one key piece of advice: Don’t panic. With $290 billion under management, Dubar […]

  • $1.4 Billion In Sporting Event Tickets May Have Just Went “Poof!”

    ZeroHedge - Mar 16th 2020 3:30pm EDT

    $1.4 Billion In Sporting Event Tickets May Have Just Went “Poof!” The shock and fallout from the coronavirus has been no more noticeable in many American households than with the suspension of major sporting events.  But the shock isn’t just on TV. The secondary market for ticket holders has also collapsed, with a total of […]

  • Watch Live: White House Task Force Delivers Latest Update On Outbreak Response

    ZeroHedge - Mar 16th 2020 3:09pm EDT

    Watch Live: White House Task Force Delivers Latest Update On Outbreak Response After insisting on Sunday that millions of test kits would soon become available and that up to 2,000 public and private labs would be ready to run them would be online by the end of the week, the White House coronavirus task force […]

  • KFC Suspends Its “Finger Lickin’ Good” Slogan Amid Coronavirus Outbreak

    ZeroHedge - Mar 16th 2020 2:45pm EDT

    KFC Suspends Its “Finger Lickin’ Good” Slogan Amid Coronavirus Outbreak Yesterday, while reporting about PornHub making free porn available to Italians, we noted that during times of existential crisis, every last corporation has to pitch in and do their part. Cue Kentucky Fried Chicken. KFC is stepping up to the plate and doing what it can […]