On Wire

Breaking news, updates, and reports on current events.

China Tightens The Screws

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A Huge Blow to Hongkongers’ Freedoms: New legislation proposed in Beijing signals the likely end of the “one country, two systems” policy that has allowed Hong Kong to flourish. Also: The End of Hong Kong. Related: China’s Path To Self Destruction Starts in Hong Kong. “The real threat from China remains not its rise, but rather its collapse. … Read more

Kayleigh McEnany blows up the press!

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PRESS SECRETARY KAYLEIGH MCENANY TURNS BRIEFING ON ITS HEAD, DEMANDS ANSWERS FROM THE PRESS: “It’s a long weekend,” McEnany concluded. “You guys have three days to follow up on those questions and I certainly hope the next time I ask, some hands go up. Because Obama’s spokesperson should be asked those questions, because President Trump’s … Read more

“Wray Reversal – FBI Launches Internal Investigation Surrounding FBI Conduct in Flynn Case”

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 by sundance This is not a surprising development; though with breaking news it is prudent to pause before assigning motives.  At first review it appears the FBI cannot hold back the sunlight. FBI Director Christopher Wray has announced his launching of an internal investigation based on details surfacing from the Michael Flynn case. “FBI Director Christopher … Read more

President Jair Bolsonaro: “That’s why I want to arm the people! It’s so no son of a b*tch can come forth and start a dictatorship!”

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Jair Messiah Bolsonaro: “That’s why I want to arm the people! It’s so no son of a bitch can come forth and start a dictatorship!” ANON Start: WE WILL DIE FOR BOLSONARO Anonymous (ID: dkuAlzC3) 05/22/20(Fri)20:50:06 No.258445437 > “That’s why I want to arm the people! It’s so no son of a > bitch can … Read more

Updated satellite position of 5 Iranian vessels (Fortune, Faxon, Petunia, Forest & Clavel)

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Updated satellite position of 5 #Iran|ian vessels (#Fortune, #Faxon, #Petunia, #Forest & #Clavel) as of 1055z / May 23 Nearest vessel to Puerto La Cruz (if it heads there) is Fortune which is 330 nautical miles away. #Venezuela pic.twitter.com/WHXRSIP4Cz — Aleph א (@no_itsmyturn) May 23, 2020 Working off @conflictsW tweet and going by the current … Read more

What angers me more than anything is Powell going on national television saying he has no limits he can buy everything. This just further incentivizes people to do the things that causes the economy to need never ending intervention stimulus moral hazard no growth inequality

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https://twitter.com/hks55/status/1263893715803922433 Hertz Likely Filing Ch 11 + Robinhood Bagholders Story: https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538 Robinhood holders buying the shit out of this as the stock cratered: https://robintrack.net/symbol/HTZ If someone did an inverse ETF for the top 20 Robinhood holdings I’d consider buying it. The dumpster diving that people are doing (top RH holdings: GE, F, DIS, AAL, DAL) – WTF … Read more

“We haven’t seen numbers like this since the 1930s. What is scarier yet is that there are some unemployment expectations also rising up to that 30% level that suggested a more protracted decline.”

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https://www.youtube.com/watch?v=d0u3pD6gdOw&feature=youtu.be "We haven't seen numbers like this since the 1930s. What is scarier yet is that there are some unemployment expectations also rising up to that 30% level that suggested a more protracted decline." #CNBC @DiMartinoBooth #QuillIntelligencehttps://t.co/BGJhRjEhfl pic.twitter.com/n5SXwI3M93 — Danielle DiMartino Booth (@DiMartinoBooth) May 23, 2020

Central Bankers Are Totally Out of Control.

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During this 40+ minute interview, Jason asks Daniel about Jerome Powell’s 60 Minutes interview from last weekend, MMT coming in the US, the global dollar shortage, problems in the Chinese economy, why everyone cannot copy what Japan has done for decades, gold, problems with hedge funds now compared to the past and the EU.

If You Think We Are Going To SPX ATH This Year On The Macro Data & Political Risks We Are Facing Than That Is Fine – It’s Your Side / View I Am Happy For The Liquidity To Take The Other Side

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https://twitter.com/VolatilityQ/status/1264112350308769792 Volume spiked in March and is now falling. SPY's volume is now -64% below its 3 month average, while the S&P is under its 200 dma When this happened over the past 20 years, U.S. stocks ALWAYS pulled back over the next 2 months, sometimes *very sharply* pic.twitter.com/BwGU4QOOGe — SentimenTrader (@sentimentrader) May 23, 2020 … Read more

Notable companies that have filed for bankruptcy since the coronavirus outbreak:

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https://twitter.com/Hipster_Trader/status/1264017084675129344 Activist real-estate investor Jonathan Litt is pursuing a new tack: betting against some of New York City’s biggest office owners https://t.co/xZ9h79N4ba — The Wall Street Journal (@WSJ) May 23, 2020 U.S. industrial production posted the steepest one-month fall on record in April as efforts to control the coronavirus pandemic closed factories and froze global … Read more

“Mass Casualty Incident”: Letter to President Trump Signed by Over 500 Physicians on Negative Health Effects of Shutdown

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by Facts-Over-Opinion Dear Mr. President: Thousands of physicians in all specialties and from all States would like to express our gratitude for your leadership. We write to you today to express our alarm over the exponentially growing negative health consequences of the national shutdown. In medical terms, the shutdown was a mass casualty incident.During a mass … Read more

Professors around America have been caught selling secret research to the Chinese Communist Regime. The national media won’t cover it, so here’s a list of who have been caught so far.

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by bgny This UCLA professor was caught selling Air Force/Navy missile secrets to the Chinese. He’s facing 219 years in prison. The head of the Chemistry Dept. at Harvard was caught secretly taking $1.5 million from the Chinese to set up a medical research lab in…WUHAN. In addition, he was paid up to $50,000 a month for … Read more