On Wire

Breaking news, updates, and reports on current events.

SPAIN: Top Politician Javier Ortega Smith Tests Positive for Coronavirus – Other Officials Likley Infected

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Vox has officially communicated that its secretary general, Javier Ortega Smith, has tested positive for coronavirus in a test carried out in the last few hours. The story jumps two days after that Vox held a major event with 9,000 people in Vistalegre (Madrid), which is asking for forgiveness after recognizing that it was a “mistake”. The president of Vox, Santiago Abascal, has … Read more

Reasons to buy? Take the following with a grain of salt as I’m a bond guy, but I felt compelled to build a stock chart on how the GFC went down to highlight many failed bailout attempts (and reasons to buy along the way) yet until nearly everyone gave up, a bottom wouldn’t form.

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Reasons to buy? Take the following with a grain of salt as I'm a bond guy, but I felt compelled to build a stock chart on how the GFC went down to highlight many failed bailout attempts (and reasons to buy along the way) yet until nearly everyone gave up, a bottom wouldn't form. pic.twitter.com/iO1u2DFNBe … Read more

Robinhood Maxed Out Credit Line Last Month Amid Market Tumult [Bloomberg]

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https://www.bloomberg.com/news/articles/2020-03-10/robinhood-maxed-out-credit-line-last-month-amid-market-tumult Robinhood drew its entire $200 million credit facility from Barclays Plc, Citigroup Inc. and JPMorgan Chase & Co., according to people familiar with the matter. It made the move just as fears of the coronavirus set off more than two weeks of violent market swings and heavy volume, during which Robinhood’s trading platform suffered … Read more

What honestly changed from yesterday to today? Battling Coronavirus with fiscal stimulus is effective as putting a bandaid on flesh eating bacteria. Today is nothing more than an opportunity to establish more puts two weeks further out.

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by kafkagoeswest Trump’s economic policies aren’t preventing what we’re seeing in Europe right now, from happening to America in the next six weeks. We are no closer to containment, and even as we see massive events cancelled like SXSW and conferences galore, you still have families in Disneyland, Vegas, and all sorts of interactions. This … Read more

TAXES: How to treat those sweet gains…

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by tthecchadd With the influx of new subscribers, I thought it would be helpful to create a guide on exactly how to treat gains/losses from a tax perspective along with how to avoid any potential penalties or surprises at tax time. While there are anomalies, this guide will apply to 99.9% of transactions discussed here. … Read more

Options Basics: Intro to Puts, Calls, and the Volatility of the Underlying Asset

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by PutCallParrot Puts and Calls A put is the right, but not the obligation, to sell an asset for a specific price. The asset the put holder has a right to sell is called the “underlying.” The price at which the put option allows the option holder to sell is called the “strike.” Put options have an expiration date, after which … Read more

Repo update–$281 Billion has been borrowed by banks in Repo operations in the past two days. This is a two-day record, by far.

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by Washington_Nationals What are repo operations? Typically, banks lend to each other, in overnight loans. Banks have capital requirements, meaning they have to keep a certain amount of money to comply with federal rules. But because banks like to eek out as much profit as possible, sometimes they fall short of their capital requirement and … Read more

One of the worst defenses of Biden I have heard and keep hearing over and over is that “he’s a nice guy.” Was never true, remains false.

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BEING THERE: Democrats Are Nominating Chance the Gardener From ‘Being There’ for President, Roger Simon writes. And Joe goes out his way to prove it: “You’re full of s***”: Biden’s 2nd Amendment voter outreach in Detroit going as well as you’d imagine. “Biden denies in this clip that he wants to confiscate anyone’s guns. One week ago, though, … Read more

NCAA BASKETBALL starting TO CANCEL TOURNAMENTS

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The Ivy League has canceled its upcoming basketball tournaments due to the coronavirus outbreak. As regular-season champions, Yale will represent the league in the NCAA men's tournament, while Princeton will play in the women's tournament. pic.twitter.com/XRpfMr1QiW — SportsCenter (@SportsCenter) March 10, 2020

WE’RE IN INTERBANK FAILURE | David Morgan

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  Despite Fed crisis bailouts for the past 6 months, the bond market is cratering, stocks are melting down, and all eyes are turning to find safety from the destruction of our financial futures. David Morgan, founder of TheMorganReport.com, known as The Silver Guru, returns to Liberty and Finance to answer your questions and to … Read more

Coronavirus can travel twice as far as official ‘safe distance’ and stay in air for 30 minutes, Chinese study finds

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by LiquidityMan According to a study in China, scientists observed an individual spread coronavirus in a closed environment up to 4.5 meters away. It was also observed that the virus lingered in the area for at least 30 minutes to infect more individuals. There’s also the topic of if warmer temperatures will affect the virus. According to … Read more

This Is How Concerned The Democrats Are About Coronavirus & Americans: Democrats schedule vote on bill to dismantle Trump travel restrictions

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House Democrats are set to vote on dismantling President Trump’s travel restrictions this week and rein in the executive branch’s authority to declare travel restrictions. The bill would reverse restrictions on the countries under the travel ban and strengthen provisions in the Immigration and Nationality Act that prohibit religious discrimination. Last week, Mr. Trump said … Read more

Much faster CORVID-19 test created by Diasorin in Italy & shares surge

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”Shares in Diasorin surged over 13% on Tuesday after the Italian diagnostic specialist said it had completed the studies to support the launch of a new molecular test to quickly identify the new coronavirus.” “The test developed by Diasorin enables sample-to-answer results within 60 minutes instead of the 5-7 hours currently needed to report patient … Read more