News From ZeroHedge, Page 3221

RSS

  • Emergency Fed Repo Fiasco: Funding Markets Remain Frozen After Dealers Balk At $500BN Operation

    ZeroHedge - Mar 16th 2020 2:08pm EDT

    Emergency Fed Repo Fiasco: Funding Markets Remain Frozen After Dealers Balk At $500BN Operation Less than an hour ago, when previewing today’s emergency repo operation which the fed announced ad hoc on Monday morning in response to the latest credit market turmoil, this time affecting the GC repo rate, we said that “we don’t even […]

  • The Covid-19 Dominoes Fall: The World Is Insolvent

    ZeroHedge - Mar 16th 2020 2:00pm EDT

    The Covid-19 Dominoes Fall: The World Is Insolvent Authored by Charles Hugh Smith via OfTwoMinds blog, Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a […]

  •  Airlines Seek $50 Billion In Government Aid Amid Covid-19 Chaos

    ZeroHedge - Mar 16th 2020 1:45pm EDT

     Airlines Seek $50 Billion In Government Aid Amid Covid-19 Chaos With the global airline industry crashed, US airlines are seeking upwards of $50 billion in government aid, according to The Wall Street Journal sources. The assistance program could include “government-backed loans, cash grants or other measures including relief from taxes and fees.”  Over the weekend, Treasury Secretary […]

  • The Energy Downgrade Avalanche Begins: Exxon Loses AA+ Rating

    ZeroHedge - Mar 16th 2020 1:40pm EDT

    The Energy Downgrade Avalanche Begins: Exxon Loses AA+ Rating For the past 9 years ever since the downgrade of the US government by S&P from AAA to AA+, American energy giant Exxon, which back in 2007 had a market cap of over $500 billion only to see that cut by two thirds to $150BN today […]

  • Senate May Amend House Coronavirus Package

    ZeroHedge - Mar 16th 2020 1:31pm EDT

    Senate May Amend House Coronavirus Package The Senate may want to amend the House’s Phase Two coronavirus bill and not pass it immediately, according to Politico. The deal, cut between Nancy Pelosi and Treasury Secretary Steven Mnuchin is unlikely to make it through in its current form, according to senior Senate GOP sources, who say […]

  • The Weather Does Not Make Viruses Go Away

    ZeroHedge - Mar 16th 2020 1:30pm EDT

    The Weather Does Not Make Viruses Go Away Authorerd by Mike Shedlock via MishTalk, Weather generally does not make viruses go away. What should we be hoping for this time? Why We Shouldn’t Hope COVID-19 Is Seasonal Like The Flu There’s an excellent video discussion on 538 entitled Why We Shouldn’t Hope COVID-19 Is Seasonal Like […]

  • “Half Of America Will Get Sick”: Here Is What Goldman Told 1,500 Clients In Its Emergency Sunday Conference Call

    ZeroHedge - Mar 16th 2020 1:17pm EDT

    “Half Of America Will Get Sick”: Here Is What Goldman Told 1,500 Clients In Its Emergency Sunday Conference Call Around the time the Fed stunned markets with its 5pm Sunday emergency bazooka intervention, Goldman was holding an emergency conference call in which some 1,500 clients and companies dialed-in, making the comparisons to “Lehman Sunday” especially […]

  • Repo Market Breaks Again, Forcing Fed To Scramble Emergency $500BN Repo Operation

    ZeroHedge - Mar 16th 2020 1:00pm EDT

    Repo Market Breaks Again, Forcing Fed To Scramble Emergency $500BN Repo Operation Earlier this morning we were quick to congratulate the Fed for seemingly stabilizing the repo market, as the utilization of the day’s first two repo ops – which also included one of the brand spanking new $500BN, 1 month ops – was tiny […]

  • The Corona Commutation: Michael Cohen Demands Trump Immediate Release Prisoners… Like Michael Cohen

    ZeroHedge - Mar 16th 2020 12:55pm EDT

    The Corona Commutation: Michael Cohen Demands Trump Immediate Release Prisoners… Like Michael Cohen Authored by Jonathan Turley, Michael Cohen, the former personal attorney and “fixer” for President Donald Trump, is calling on his former client to order the release of non-violent prisoners to avoid imposing a “death sentence” on him and others. The petition is a “plea […]

  • How Much Further Can Markets Fall? Here Is One Bank’s Answer

    ZeroHedge - Mar 16th 2020 12:40pm EDT

    How Much Further Can Markets Fall? Here Is One Bank’s Answer On Friday, March 6, Goldman’s chief US equity strategist, David Kostin, who bizarrely still holds held the view that the S&P will close the year at 3,200, despite now expecting an earnings recession, and Gldman economists calling for an economic recession in Q2 and […]

  • Things Have Changed…”At Least In Wartime, The Bars Stay Open”

    ZeroHedge - Mar 16th 2020 12:25pm EDT

    Things Have Changed…”At Least In Wartime, The Bars Stay Open” Authored by James Howard Kunstler via Kunstler.com, At least in wartime, the bars stay open. That’s how you know this is a different thing altogether from whatever else you’ve seen in your lifetime. Even those of us who signed up for this trip – that […]

  • Kudlow Teases ‘Helicopter Money’, But The Market Is Not Impressed

    ZeroHedge - Mar 16th 2020 12:24pm EDT

    Kudlow Teases ‘Helicopter Money’, But The Market Is Not Impressed As the administration scrambles to soothe the market during yet another day of trading-halt chaos, Larry Kudlow just tried to jawbone the market higher by raising the prospect of helicopter money. Kudlow says the #CoronavirusOutbreak is a short term economic problem, a matter of weeks […]

  • ‘Hole’ Foods…

    ZeroHedge - Mar 16th 2020 12:10pm EDT

    ‘Hole’ Foods… Greetings from Palo Alto. Below are images I just took of the nicest grocery store in one of the richest neighborhoods in the United States. It appears even the elites need their veggies, toilet paper, and hand-sanitizer. Source: The Slope of Hope Tyler Durden Mon, 03/16/2020 – 12:10

  • Rabobank: “Markets Must Now Accept: This Is War”

    ZeroHedge - Mar 16th 2020 11:55am EDT

    Rabobank: “Markets Must Now Accept: This Is War” Submitted by Michael Every of Rabobank We can ill afford another Klendathu Markets must now accept: this is war. How else does one react to the slew of international borders being closed; to the slew of school and businesses within said borders being closed; to reports that […]

  • European Union To Ban Non-Essential Travel Into Europe

    ZeroHedge - Mar 16th 2020 11:45am EDT

    European Union To Ban Non-Essential Travel Into Europe The gradual but accelerating “quarantining” of the world into its constituent parts to halt the spread of the Coronavirus just took a major step moments ago, when the FT reported that European countries plan a ban on entry to the 26-state Schengen passport free travel zone in […]

  • Box Office Sales To Plunge 40% In One Week As Social-Distancing Accelerates In US

    ZeroHedge - Mar 16th 2020 11:40am EDT

    Box Office Sales To Plunge 40% In One Week As Social-Distancing Accelerates In US North American box office revenues are expected to plunge by 40% over last weekend in yet another example of collapsing consumption as people change their habits to avoid contracting coronavirus. Disney’s “Onward” is projected by Variety to take top spot with […]

  • Dalio Warns “The Response Thus Far Is Inadequate In Size, Focus, & Coordination”

    ZeroHedge - Mar 16th 2020 11:31am EDT

    Dalio Warns “The Response Thus Far Is Inadequate In Size, Focus, & Coordination” Ray Dalio, and perhaps even more so his fund, are having a tough year. Having personally proclaimed “cash is trash” at the very peak of the markets this year… “You can’t jump into cash. Cash is trash,” says @RayDalio. “You have to […]

  • Philippines Is First Country To Halt Its Market “Until Further Notice”

    ZeroHedge - Mar 16th 2020 11:06am EDT

    Philippines Is First Country To Halt Its Market “Until Further Notice” Following two weeks of relentless market turmoil, traders were wondering which country’s stock market would be shut down first. Moments ago we got the answer when the Philippine Stock Exchange announced it is suspending trading “until further notice” after the country’s President Rodrigo Duterte […]

  • “Where You Stop Is Where You Stay” – Domestic Travel Restrictions Are Being “Considered”

    ZeroHedge - Mar 16th 2020 10:55am EDT

    “Where You Stop Is Where You Stay” – Domestic Travel Restrictions Are Being “Considered” Authored by Michael Snyder via The End of The American Dream blog, Is the United States on the verge of a complete and total “lockdown” like we have already seen in China, Italy and elsewhere?  As you will see below, the […]

  • Employee At BIS’ Basel Headquarters Infected With Coronavirus, Nine Others Exposed

    ZeroHedge - Mar 16th 2020 10:52am EDT

    Employee At BIS’ Basel Headquarters Infected With Coronavirus, Nine Others Exposed Frequent readers will know the Bank of International Settlements as not only the central banks’ central bank and ultimate financial regulator, but also as the (not so) secretive group… … which runs the world out of Conference Room E in the ominous circular tower […]

  • Silver Crashes To $11 Handle – To 11-Year Lows

    ZeroHedge - Mar 16th 2020 10:39am EDT

    Silver Crashes To $11 Handle – To 11-Year Lows Silver has been clubbed like a baby seal this morning, crashing to an $11 handle… Plunging Silver to its lowest since January 2009 And while precious metals are getting pummelled… Compared to gold, silver is a bloodbath… As Mike Maloney notes below: “At no time in […]

  • Profits & Earnings Suggest This Bear Market Is Far From Over

    ZeroHedge - Mar 16th 2020 10:15am EDT

    Profits & Earnings Suggest This Bear Market Is Far From Over Authored by Lance Roberts via RealInvestmentAdvice.com, Is the bear market over yet? This is the question that everyone wants to know. Why? So they can “buy the bottom.”  For that reason alone, I would suggest the current “bear market” is not over yet. Historically speaking, at the […]

  • Austrian “Bank Jog” Begins: ATM Usage “Double To Triple”

    ZeroHedge - Mar 16th 2020 10:00am EDT

    Austrian “Bank Jog” Begins: ATM Usage “Double To Triple” While the Fed’s “shock and awe” emergency intervention late on Sunday failed to boost confidence and, on the contrary, resulted in a record long limit-down halt in S&P futures, central bankers will find at least some delight in that so far the bad news has been […]

  • “They Blew It. They Used Up All Their Ammunition”: A Stunned Wall Street Responds To The Failed Fed Intervention

    ZeroHedge - Mar 16th 2020 9:45am EDT

    “They Blew It. They Used Up All Their Ammunition”: A Stunned Wall Street Responds To The Failed Fed Intervention Was that if for the US Federal Reserve? After 107 years of Fed history, was Sunday, March 15th the date the Fed lost its last shred of credibility as it fired its last round of ammo… […]

  • Circuit-Breaker Halts US Stock Markets At Open 15 Mins

    ZeroHedge - Mar 16th 2020 9:33am EDT

    Circuit-Breaker Halts US Stock Markets At Open 15 Mins US equity markets are opening down extremely hard this morning after futures traded limit-down from shortly after last night’s open. @GreekFire23 summed up the stock market today best so far: 9:30am : Ding Ding Ding! Trading open! 9:30:00001am: Halted The 10% surge in stocks to end […]