News From ZeroHedge, Page 3230

RSS

  • President Bolsonaro Tests Positive After Dining With Trump Saturday: Brazilian Press

    ZeroHedge - Mar 13th 2020 10:37am EDT

    President Bolsonaro Tests Positive After Dining With Trump Saturday: Brazilian Press It’s official: Brazilian President Jair Bolsonaro has tested positive for coronavirus, making him the highest ranking political leader in the world to get Covid-19 thus far. It was first reported Thursday that Bolsonaro was being monitored and tested, after his press secretary Fabio Wajngarten had tested positive […]

  • ‘Rohrkrepierer’ – How The Fed’s Giant Bazooka Misfired

    ZeroHedge - Mar 13th 2020 10:36am EDT

    ‘Rohrkrepierer’ – How The Fed’s Giant Bazooka Misfired Via GoldMoney.com, The Germans – as always – have a word for it: Rohrkrepierer. Literally translated it means “[projectile] that explodes in the barrel before it exits the weapon”. This is a perfect analogy for what happened when the Fed took out what it felt was the […]

  • NY Fed Announces Emergency QE, Will Buy $33BN In Bonds; Yields Tumble

    ZeroHedge - Mar 13th 2020 10:21am EDT

    NY Fed Announces Emergency QE, Will Buy $33BN In Bonds; Yields Tumble US Treasury yields are plunging after The Fed announced what amounts to ‘Emergency QE’ to buy $33 billion in bonds at maturities up to 30 Years… 10Y yields have plunged 16bps on the headline… FRBNY Statement Details: The Desk will conduct purchases in […]

  • House Set For Friday Vote On Wuhan Coronavirus Spending Package

    ZeroHedge - Mar 13th 2020 10:17am EDT

    House Set For Friday Vote On Wuhan Coronavirus Spending Package The House is expected to vote on an aid package in response to the Wuhan coronavirus outbreak after a deal was struck with congressional Republicans and Treasury Secretary Stephen Mnuchin, according to National Review. The package will include guaranteed free testing and 14 days of […]

  • “Essentially Nothing Left To Sell In Stocks” – Nomura Thinks The Risk-Parity Deleveraging Rout Is Over

    ZeroHedge - Mar 13th 2020 10:13am EDT

    “Essentially Nothing Left To Sell In Stocks” – Nomura Thinks The Risk-Parity Deleveraging Rout Is Over As we have been detailing all week, this has been the worst period for Risk-Parity (or vol-targeting) funds in history, with a massive breakdown in the stock-bond correlation from historical ‘norms’… Causing Risk Parity funds in particular are to […]

  • UMich Sentiment Slumps To 5-Month Lows As Stock Market Confidence Crashes

    ZeroHedge - Mar 13th 2020 10:09am EDT

    UMich Sentiment Slumps To 5-Month Lows As Stock Market Confidence Crashes Having rebounded dramatically for the last six months, University of Michigan’s consumer sentiment index was expected to tumble notably in preliminary March data. The headline UMich sentiment index was near its highest since 2000 in February, and has tumbled to 95.9 in flash March […]

  • 5 States Shutter Schools; Ivanka Trump, AG Barr Met With Infected Aussie Minister: Live Updates

    ZeroHedge - Mar 13th 2020 10:09am EDT

    5 States Shutter Schools; Ivanka Trump, AG Barr Met With Infected Aussie Minister: Live Updates It’s been another crazy morning around the world as more sports leagues suspended play and governments – most notably Germany  – pledged to whip out their credit cards and spend whatever might be necessary to soften the economic blow, a […]

  • Why Are We Limit Up? Here’s A List Of All The Interventions Unveiled Overnight

    ZeroHedge - Mar 13th 2020 9:50am EDT

    Why Are We Limit Up? Here’s A List Of All The Interventions Unveiled Overnight US equity futures are limit up this morning after an impressive rally from ugly depths during Asian trading overnight. So, what, or who, is responsible for this massive comeback? Admittedly – after the 5th worst daily drop in history of the […]

  • “There Will Be Liquidity” Mnuchin Vows As He Urges Banks To Use Discount Window

    ZeroHedge - Mar 13th 2020 9:39am EDT

    “There Will Be Liquidity” Mnuchin Vows As He Urges Banks To Use Discount Window We found it quite odd when, in the last week of February, JPMorgan – which just a few months earlier received a repo and “NOT QE” bailout for breaking the repo market – unexpectedly said it wanted to use the discount […]

  • Blain: “Step Back, Hunker Down, Get Ready…”

    ZeroHedge - Mar 13th 2020 9:36am EDT

    Blain: “Step Back, Hunker Down, Get Ready…” Authored by Bill Blain via MorningPorridge.com, “Vulgar, but not a vulgar as Louis Vuitton, thought Sherman.” Perhaps it’s time to think the unthinkable and close markets for a few weeks?  Today we might be seeing a rash of desparate new efforts by central banks to promise liquidity to […]

  • Fauci ‘Optimistic’ Coronavirus Testing System Will Be Fixed Within ‘The Next Week Or Two’

    ZeroHedge - Mar 13th 2020 9:20am EDT

    Fauci ‘Optimistic’ Coronavirus Testing System Will Be Fixed Within ‘The Next Week Or Two’ Director of the National Institute of Allergy and Infectious Diseases, Dr. Anthony Fauci, says he is ‘optimistic’ that the ongoing bottlenecks delaying coronavirus testing will be fixed. Fauci acknowledged to ABC News that the government needs to do better to meet […]

  • Mayor Of Florence Encouraged Italians To “Hug A Chinese” Before Pandemic Hit

    ZeroHedge - Mar 13th 2020 9:05am EDT

    Mayor Of Florence Encouraged Italians To “Hug A Chinese” Before Pandemic Hit Authored by Paul Joseph Watson via Summit News, The Mayor of Florence is facing fresh criticism after he encouraged Italians to “Hug a Chinese” as a stand against racism before Italy was later forced to quarantine its entire country because of the coronavirus. […]

  • This Wasn’t Supposed To Happen: FRA/OIS Explodes Higher After Fed’s “Bazooka Repos” Misfire

    ZeroHedge - Mar 13th 2020 8:50am EDT

    This Wasn’t Supposed To Happen: FRA/OIS Explodes Higher After Fed’s “Bazooka Repos” Misfire Yesterday, in the aftermath of the Fed’s $1.5 trillion repo bazooka and QE4 announcement when dealers submitted a paltry $78.4 billion in securities to the Fed’s new and massively upsized $500BN 3-month repo operation, we asked if the Fed was using the […]

  • In Traders’ Prayers, “Monetary Policy-Makers Have Taken The Place Of God”

    ZeroHedge - Mar 13th 2020 8:31am EDT

    In Traders’ Prayers, “Monetary Policy-Makers Have Taken The Place Of God” Authored by Richard Breslow via Bloomberg, Yesterday was an unusual day. In addition to all of the stunningly obvious reasons. Of which, I confess, finding the way Treasury yields behaved being the most intriguing. Usually, when markets sell off hard, people call — and […]

  • Last Week’s ‘Women’s Day’ March Led To Surge Of Deadly Coronavirus Infections In Madrid

    ZeroHedge - Mar 13th 2020 7:38am EDT

    Last Week’s ‘Women’s Day’ March Led To Surge Of Deadly Coronavirus Infections In Madrid As the Italian lockdown enters its third day, Madrid is rapidly becoming Europe’s latest problem area. According to the Spanish-language newspaper El Mundo, which cited data from local health councilor Enrique Ruiz Escudero, 2,000 people in the Madrid region alone have […]

  • S&P Futures Trade Limit-Up

    ZeroHedge - Mar 13th 2020 7:22am EDT

    S&P Futures Trade Limit-Up After collapsing to fresh cycle lows overnight, US equity futures have stage d a remarkable comeback and S&P is now trading limit up. S&P Futures are stuck at 2,582 (up around 5%). SPY (S&P 500 ETF) indicates buying pressure continues… Is it time for a sustained bounce? Tyler Durden Fri, 03/13/2020 […]

  • First Coronavirus Death Confirmed In India

    ZeroHedge - Mar 13th 2020 6:58am EDT

    First Coronavirus Death Confirmed In India In another major milestone for the global coronavirus outbreak, India, the world’s second-most-populous country with a population of roughly 1.3 million people, has confirmed its first death from Covid-19, the illness caused by the novel coronavirus. The BBC reports, the 76-year-old man, from the southern state of Karnataka, returned […]

  • ECB: Time For “SME Bailout”

    ZeroHedge - Mar 13th 2020 5:00am EDT

    ECB: Time For “SME Bailout” Authored by Christopher Dembik, head of Macro Analysis at Saxo Bank, Contrary to market expectations, the ECB refrained from cutting further its deposit rate and introduced a package aimed at keeping liquidity and credit flowing with a special focus on the private sector. Most of the measures were smart and […]

  • “We Are Treated Worse Than Garbage”: Italian Families Stuck Inside With Bodies Of Dead Spouses As Nationwide Lockdown Begins

    ZeroHedge - Mar 13th 2020 4:15am EDT

    “We Are Treated Worse Than Garbage”: Italian Families Stuck Inside With Bodies Of Dead Spouses As Nationwide Lockdown Begins Thanks in part to President Trump’s nonchalant initial response (though as he demonstrated during last night’s Oval Office press conference, the president has changed his tune – or at least it appears that way), millions of […]

  • Health Experts Slam “Wooden” UK Coronavirus Response: “Playing Roulette With People’s Lives”

    ZeroHedge - Mar 13th 2020 3:30am EDT

    Health Experts Slam “Wooden” UK Coronavirus Response: “Playing Roulette With People’s Lives” Authored by Steve Watson via Summit News, Several health experts have eviscerated the UK government’s sluggish response to the coronavirus outbreak, charging that measures only now being taken should have been implemented a month ago. Richard Horton, the editor of the Lancet Medical […]

  • Erdogan Blasts “Nazi” Greeks For Denying’ Refugees’ Access To Europe

    ZeroHedge - Mar 13th 2020 2:45am EDT

    Erdogan Blasts “Nazi” Greeks For Denying’ Refugees’ Access To Europe Turkish President Recep Tayyip Erdogan said Wednesday that he would continue to flood migrants and refugees into Europe until European officials satisfied his demands, reported France 24.  Erdogan said Greece’s treatment of migrants and refugees at the Greece–Turkey border is comparable to Nazi atrocities.  “There is […]

  • The MH17 Show Trial Isn’t About Justice Or Closure, But Information Warfare

    ZeroHedge - Mar 13th 2020 2:00am EDT

    The MH17 Show Trial Isn’t About Justice Or Closure, But Information Warfare Authored by Andrew Korybko via Off-Guardian.org, The MH17 tragedy is back in the news after the start of this case’s show trial in the Netherlands, which isn’t about bringing the alleged perpetrators to justice or helping the victims’ families find closure, but waging information warfare […]

  • When Will Authorities ‘Lockdown’ America (& How Long Will Quarentine Last)? Here’s What The Patterns Show Us

    ZeroHedge - Mar 13th 2020 12:05am EDT

    When Will Authorities ‘Lockdown’ America (& How Long Will Quarentine Last)? Here’s What The Patterns Show Us Authored by Daisy Luther via The Organic Prepper blog, Yesterday the World Health Organization officially declared Covid-19 a pandemic (like we didn’t already know this.) As well, President Trump addressed the nation, closing American borders to all flights […]

  • Seattle Running Dangerously Low On Protective Gear Amid Largest Outbreak In Country

    ZeroHedge - Mar 12th 2020 11:45pm EDT

    Seattle Running Dangerously Low On Protective Gear Amid Largest Outbreak In Country Seattle is running out of protective gear for first responders and medical facilities as COVID-19 continues to spread in the hardest-hit region in the country, and they are days to week away from running out if they don’t receive new supplies from a […]

  • If You’re Close To The Scene Of A Crime, Police Can Demand Google Hand Over Your Data

    ZeroHedge - Mar 12th 2020 11:25pm EDT

    If You’re Close To The Scene Of A Crime, Police Can Demand Google Hand Over Your Data Authored by Aaron Kesel via TheMindUnleashed.com, The Gainesville Police Department suspected an innocent man was involved in a burglary so naturally they requested that Google give them all of his location data. Google’s legal investigations support team wrote […]