On Wire

Breaking news, updates, and reports on current events.

Tropical Storm Bertha: Bertha has formed near the coast of South Carolina and is about to landfall!

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..TROPICAL STORM WARNING IN EFFECT… A TROPICAL STORM WARNING MEANS TROPICAL STORM-FORCE WINDS ARE EXPECTED SOMEWHERE WITHIN THIS AREA WITHIN THE NEXT 36 HOURS * LOCATIONS AFFECTED – CHARLESTON – MCCLELLANVILLE – EDISTO ISLAND * WIND – LATEST LOCAL FORECAST: NOT AVAILABLE AT THIS TIME. TO BE UPDATED SHORTLY. – THREAT TO LIFE AND PROPERTY … Read more

WHEN YOU’RE A DEMOCRAT WHO’S LOST THE POLITICO:

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When powerful people think the rules aren’t for them. “Here’s something that may be of interest to the Joe Biden vetting squad: News reports have Michigan Gov. Gretchen Whitmer’s husband pulling the ‘don’t-you-know-who-I-am’ card with a vacation boat dock worker in the middle of a pandemic that has killed thousands of people in his state.” … Read more

Ambulance calls exploding in Florida a week after everything reopens.

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Looks like the ICU’s are about to be overwhelmed again by mask protesters who are now corona patients. https://www.pinellascounty.org/911/actcallspub.htm I’ve been watching this page several times a day over the past few months, and it wasn’t even this bad before they decided to shut things down because of the initial spike. Just had to protest … Read more

Yet Another Crisis In Which Democrats Aren’t Taking America’s Side:

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Report: Democrats Concerned Economy Will Recover. Politico reports that Barack Obama’s former economic adviser, Jason Furman, has been terrifying Democratic colleagues with predictions that the next few months could bring “the best economic data we’ve seen in the history of this country.” The downside of millions of Americans rejoining the workforce, Democrats fear, is that … Read more

MSNBC host calls out random guy for not wearing a mask. Random guy points out the camera man isn’t wearing a mask, segment gets quickly shut down.

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by Nickjersey An MSNBC reporter is discussing the lack of masks at an event on camera in Wisconsin. He continues to discuss how people around him are willfully ignoring the mask suggestions and a man finally has enough. He calls him out for the lack of mask on the cameraman and surrounding crew, which leads to … Read more

The Stock Market and Consumer Sentiment Are Telling Different Stories… Salaries Get Chopped for Many Who Manage to Keep Jobs

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The Stock Market and Consumer Sentiment Are Telling Different Stories Stocks have rebounded off March lows, while sentiment is near the lowest level in nearly a decade Stocks have rebounded dramatically off their March lows, while consumer sentiment is hovering near the lowest level in nearly a decade. The divergence is one of many realities … Read more

US mulls sanctions on Chinese officials, firms over Hong Kong’s new security law; China’s military vows to ‘punish’ any attempts to separate Hong Kong

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WASHINGTON (BLOOMBERG) – The US is considering a range of sanctions to punish China for its crackdown on Hong Kong, people familiar with the matter said, as the administration weighs whether to declare the former British colony has lost its autonomy from Beijing. https://www.straitstimes.com/world/united-states/us-mulls-sanctions-on-chinese-officials-firms-over-hong-kongs-new-security-law TAIPEI (Taiwan News) — Two B-1B bombers and a refueling aircraft … Read more

How Gold Can Surpass All-Time Highs in 2020

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From Birch Gold Group   This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: How gold could move past its all-time high, central banks loaded up on gold before the coronavirus, and two French children stumble upon gold bars worth over $100,000. Experts say gold … Read more

Re-Opening the Economy Won’t Fix What’s Broken

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by Charles Hugh-Smith Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken. The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the re-opening won’t fix what’s broken. As I’ve been noting recently, the real problem is the systemic fragility of the U.S. economy, … Read more

Despite Record-Low Mortgage Rates, New House Prices Drop to Lowest April since 2015, Sales to Lowest April since 2017

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More than plenty of supply: 6.3 Months’ unsold inventory of speculative houses. By Wolf Richter for WOLF STREET. Sales of new single-family houses in April dropped 6.2% from a year ago, after having dropped 11.6% in March, to a seasonally adjusted annual rate of 623,000 houses, down nearly 20% from the peak in January: This decline in sales … Read more

RUSH: Trump’s just dosing out some medicine. “Okay, Joe, how does it feel?”

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via rushlimbaugh RUSH: Everybody’s jumping all over Trump. I got a headline here on Drudge: “Twitter Apologizes for Trump Tweets.” This is about Trump tweeting that Scarborough murdered somebody, and a lot of people say, “What is Trump doing? Why is he punching down? Why is he wasting time on Scarborough?” I have no idea, folks, … Read more

Chinese oil firm MIE defaults on US$248 million bond after value of its assets fall sharply

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The crash in international crude prices has not only burnt small Chinese investors who bought wealth management products from one of China’s largest banks but also a listed oil and gas firm that announced last week that it would default on a US$248 million bond. https://www.scmp.com/economy/china-economy/article/3084773/chinese-oil-firm-mie-defaults-us248-million-bond-after-value