via mondaymorningmacro: At its most extreme this morning, I’d estimate the mkt was pricing in almost 10% probability of a 25bp cut by the Fed tomorrow. How do I figure? It’s based on FFQ9 (August Fed Funds futures). WARNING: This will involve some basic math. FFQ9 is the 30-day August Federal Funds futures contract. It’s priced as … Read more
ound when it’s not in use. At the moment, apps like Messenger and WhatsApp run VOIP continuously in order to connect calls faster, but doing so could also allow them to do other things, like collect user data. According to The Information, Facebook may have to redesign its messaging apps in order to comply. The change … Read more
via upfina: Amid the volatile trading action and news on the trade war, let’s step back and recognize the stock market has been in a long consolidation phase for about a year now as economic growth slows. As you can see from the chart below, the 200 day moving average of the S&P 500 has been … Read more
via MarketWatch: The recent spate of bankruptcies in corporate America is taking its toll. In the first seven months of the year, U.S.-based companies announced 42,937 job cuts due to bankruptcy, up 40% on the same period last year and nearly 20% higher than all bankruptcy-related job losses last year, a report released Tuesday concluded. Despite … Read more
via Liz Ann Sonders: Global economic data’s been missing expectations for longest duration in history of @Citi global economic surprise index w/ 75% of global economies having PMI < 50 @csm_research ‘Scary’ German Output Figures Propel Recession Fears “The continued plunge in production is scary,” Bankhaus Lampe economist Alexander Krueger said Global Bond Market … Read more
https://www.youtube.com/watch?v=Lc5hXyIbx8w
by Kimble Charting Stock Market Indexes Topping? Well, that was fast. The stock market pullback has been sharp and likely is not over yet. Last week, I shared the same chart, calling it a “moment of truth” for the stock market. Would the 3 underperforming stock market indexes (in the lower half of the chart) bring down the … Read more
https://www.youtube.com/watch?v=QRXC0C5lEBE Joshua Caplna from Breitbart reports, Sen. Rand Paul (R-KY) revealed Monday that he may only return to the U.S. Senate in September after undergoing surgery over the weekend to remove a part of his lung damaged during his 2017 assault by a neighbor. Read More/Source/Credit/FairUse: https://www.breitbart.com/politics/20…
A prisoner who made headlines over the weekend when he tried to escape by dressing up as his 19-year-old daughter was found dead in his cell, Brazilian authorities said Tuesday. Clauvino da Silva, a Brazilian gang leader, appeared to have hanged himself with a sheet, Rio de Janeiro prisons authorities said. An investigation has been … Read more
https://www.youtube.com/watch?v=Z7piQeQSIEM
“The created Hunter UAV was designed according to the flying wing scheme with the use of special materials and coatings that make it practically invisible to radar detection equipment,” the report said. The characteristics of the “Hunter” are currently not disclosed. From open information you can find out that its maximum take-off weight is 20 … Read more
Blain’s Morning Porridge, submitted by Bill Blain of Shard Capital “Well, what can possibly go wrong now? ” First, a question for my chum Charlie Corbett, author of the excellent The Art of Plain Speaking: How to Write and Speak in a Way that Will Impress the People that Matter. (Seriously, buy a copy and keep it … Read more
by jessefelder It was nearly five years ago, in late-2014, that I wrote a piece titled, “Here’s Why The Long Bond Could Be About To Blast Off.” At the time, I argued that the combination of relative value and extreme negative sentiment was very constructive for bond prices. And it wasn’t long before this idea … Read more
Even after the 'mid cycle adjustment', global policy rates are still too tight given economic data (global pmi). pic.twitter.com/bQFT7lpult — Teddy Vallee (@TeddyVallee) August 6, 2019 Central banks around the world are surprising markets with aggressive rate cuts: Here’s why Central banks in New Zealand, India and Thailand all announced larger-than-expected cuts to interest rates … Read more
by follyboyz This is absolutely unacceptable. They are threatening Trump campaign donors "For those of you funding Donald Trump's re-election campaign, you may want to take note: Because you keep writing checks to this president, it's on you…because you are funding this white supremacist campaign…It is your money that is funding this white supremacy." —@JoeNBC pic.twitter.com/w0kxC0KJAk … Read more
The bakery-owning family that won a $32.5 million defamation suit against Oberlin College is accusing the famously left-wing school of trying to string the case along until an owner dies of cancer. In a video posted Tuesday to Facebook, Dave Gibson said he had been diagnosed “late last year” with pancreatic cancer, a fact he … Read more
NASHVILLE, Tenn.–The Federal Emergency Management Agency (FEMA) and the Federal Communications Commission (FCC) will conduct a nationwide test of the Emergency Alert System on Wednesday. Today (8/7) at 2:20 p.m EDT we will conduct a nationwide test of the Emergency Alert System in coordination with @FCC. 📵 Alerts will occur on TVs & radios, not … Read more
NBC News contributor Frank Figliuzzi said Monday that President Trump’s decision to fly American flags half-staff until Aug. 8– in response to the El Paso and Dayton mass shootings– could be seen by white supremacists as a nod to Adolf Hitler. Figliuzzi, a former FBI assistant director for counterintelligence, made the claim during an MSNBC broadcast with Brian Williams. Trump issued the order on … Read more
by Daisy Luther We may not have to wait for a traveler from the Democratic Republic of Congo to visit the United States for an Ebola outbreak. It just might be brought to us by our own military along with the plague and other horrifying germs. The laboratory at Fort Detrick, the U.S. Army Medical Research Institute of … Read more
© The New York Times The New York Times was forced to alter its front page headline after it was savaged online by high-profile Democrats who didn’t like how the paper framed President Donald Trump’s speech about mass shootings. The US newspaper got into trouble after print editor Tom Jolly shared a preview of Tuesday’s … Read more
via Zerohedge: Yesterday, in a lengthy article referencing the ongoing dollar and funding liquidity collapse as a result of the aggressive rebuild of the Treasury’s cash balance from $133BN to $350BN in the aftermath of the debt ceiling deal, we said “Forget China, The Fed Has A Much Bigger Problem On Its Hands.” As we … Read more
Ukrainian firm maintains safety at the former Soviet nuclear power plant where a reactor exploded in 1986 It’s signed a £64 million contract to deal with the collapsing sarcophagus and remove its debris by 2023 Robotic cranes and engineers will work to reinforce and dismantle the structure and deal with any hazards A £2 billion … Read more
“This is an orchestrated, communist assault on America to destroy America’s borders, to create confusion in America, to overwhelm the system politically.” —Trevor Loudon, communism expert AC
Tesla and its CEO, Elon Musk, repeatedly described the company’s Model 3 sedan as the safest car ever tested by US regulators — claims that earned Musk a cease-and-desist letter last October. The transparency group PlainSite on Tuesday published a letter from the National Highway Traffic Safety Administration taking issue with the claim that “there is … Read more