Default on margin loan called in by Goldman on Luckin shares

by

The CEO and Chairman are having shares called in. “Following the occurrence of a default by Haode Investment Inc. (the “Borrower”), a shareholder of Luckin Coffee Inc. (the “Company”) (NASDAQ: LK), under a US$ 518 million margin loan facility (the “Facility”), a syndicate of lenders, as secured parties under the Facility (the “Lenders”), has instructed … Read more

Seeing way too many people treating this market as a run or the mill sell off, the likes of which we have seen regularly 2009-2019…

by

Seeing way too many people treating this market as a run or the mill sell off, the likes of which we have seen regularly 2009-2019.. and assuming that policy action = buy the dip 1/ — Igor Shatz (@Copernicus2013) April 6, 2020 JAMIE DIMON WARNS: We’re getting a ‘bad recession’ plus ‘financial stress’ like the … Read more

WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments…..YOUR 1200 Bucks MINUS PAY PALS FEES

by

Paypal seeing an opportunity in a crisis, one of wanting to manage the US Governments distribution of $1200 Coronavirus stimulus payments to every adult American who earns under $75,000 per year and $500 for each child and thus have started a campaign of buttering up the public and politicians in allowing PAYPAL access to YOUR … Read more

AMAZON faces another NYC warehouse strike… Dozens of workers test positive… Meat Plants Hit as Workers Get Sick

by

Amazon faces another NYC warehouse strike as dozens of workers have coronavirus Amazon’s Staten Island warehouse on Monday was hit with its second labor protest since the coronavirus outbreak began. Some 50 workers gathered outside the Bloomfield distribution center, called JFK8, to protest the company’s handling of the virus amid complaints that 25 people there … Read more

Russia, Saudi Arabia, ‘Very Close’ To Reaching Oil Output Deal

by

By Tsvetana Paraskova Saudi Arabia and Russia are “very, very close” to reaching an agreement on how to react to the low oil prices, Kirill Dmitriev, chief executive at Russia’s sovereign wealth fund, the Russian Direct Investment Fund (RDIF), told CNBC on Monday. “I think the whole market understands that this deal is important and it will bring … Read more

Germans will be fined £440 for STANDING too close to each other

by

by DCG The bureaucrats have gone insane. From Daily Mail: Germans risk being fined up to 500 euros (£440) for standing too close to each other from today as officials crack down on people flouting rules brought in to control coronavirus. Chancellor Angela Merkel’s government has ordered people not to leave their homes unless they have an exceptional … Read more

Cat 5 Hitting Vanuatu!

by

Tropical Cyclone Harold Hammers Vanuatu as a Category 5 and Will Pass Near Fiji and Tonga This Week Tropical Cyclone Harold became a Category 5 beast as it carved through Vanuatu. Destructive winds, flooding rain and storm-surge flooding have likely impacted parts of Vanuatu. Harold was only the fifth Category 5 cyclone to track near … Read more

Chinese propaganda on Twitter

by

You may have noticed aggressive tweets from me tonight about the Chinese Communist Party. It was a test to draw attention from new CCP propaganda accounts and it worked. Check these accounts: all replying in unison, all new accounts, few followers. Will @Jack look into this? pic.twitter.com/G03LKHHrVH — Robby Starbuck (@robbystarbuck) April 5, 2020

US condemns China’s sinking of a Vietnamese fishing boat that was in blatant violation of international law.

by

by NineteenEighty9 https://twitter.com/statedeptspox/status/1247147129665204233?s=21 South China Sea The American equivalent of China’s “9 dash line”. This is why arbitrary territorial grabs like the one the PRC is attempting in the South China Sea are illegal and against international law. China illegally claims large parts of the South China Sea. By that logic America should be able … Read more

Head of ATM network warns cash could be almost killed off by end of summer

by

NEVER WASTE A GOOD CRISIS….. IT’S HAPPENING … https://www.thisismoney.co.uk/money/news/article-8163833/Head-ATM-network-warns-cash-killed-end-summer-shoppers-switch-cards.html Cash could be almost killed off by the end of the summer as shoppers switch to using cards and never go back, the head of the ATM network warned last night. John Howells, chief executive of Link, which runs Britain’s 70,000 cashpoints, said the coronavirus pandemic … Read more

With 50% soon to be unemeployed… welcome to the leisure economy!

by

https://youtu.be/60ksN96ST3Y As the U.S. hunkers down indoors to control the spread of the coronavirus, people are starting to fret about their jobs, with experts saying some 50 percent could end up unemployed, according to a CNN report on Monday (March 16). Virtually every industry is expected to be affected, from food trucks and restaurants to service businesses … Read more

The mental health consequences of a self-inflicted economic shutdown & isolation

by

by DCG As I wrote on March 30, Knox County, Tennessee was seeing an increase in suspected suicides during coronavirus pandemic. Mayor Glenn Jacobs was shocked and it made him wonder if they were handling this the right way. Again: Shutting down one’s livelihood and the economic machine that drives EVERYTHING for EVERYONE has consequences. A severe economic depression is about … Read more

Aaand Its Gone…The Biggest Support For Asset Prices

by

by Lance Roberts Since the passage of “tax cuts,” in late 2017, the surge in corporate share buybacks has become a point of much debate. I previously wrote that stock buybacks were setting records over the past couple of years. Jeffery Marcus of TP Analytics, recently confirmed the same: “U.S. firms have been the biggest incremental buyer of stocks in each of … Read more

California Lib Gavin Newsom ADMITS What Dems Plan to do During This Crisis

by

https://www.youtube.com/watch?v=quK55iVoacg Cristina Laila from The Gateway Pundit reports, Never let a crisis go to waste, right? California governor Gavin Newsom (D) said the CV is an opportunity to create a new “progressive era.” The CV panic has caused unemployment to spike in the wake of unprecedented shelter-in-place orders from local and state governments. Read More/Source/Credit/FairUse: … Read more