Congress tells FCC to reverse 5G ruling opposed by US military – or it will

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Congress tells FCC to reverse 5G ruling opposed by US military – or it will https://t.co/epk9H83fUV — John Solomon (@jsolomonReports) April 24, 2020 “Bipartisan leaders of two powerful congressional committees told the Federal Communications Commission to reverse a ruling allowing a Virginia company to activate a 5G network that could disrupt military and other GPS … Read more

China: Canadian Lawmakers and Scholar Express “Serious Concerns” About WHO’s Relationship with the CCP

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Canadian Lawmakers and Scholar Express “Serious Concerns” About WHO and Its Relationship with the Chinese Communist Party (Minghui.org) Several Canadian lawmakers have expressed serious concerns about the relationship between the World Health Organization (WHO) and Chinese Communist Party (CCP) in the handling of the coronavirus pandemic. According to Canadian media CBC, the conservative leader Andrew … Read more

SBA Insider

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by sbaleaky Here’s what I can say about the Small Business Administrations EIDL process: https://imgur.com/a/DQNu4qv iaasbalo 4.9M apps so far, thousands added into the Rapid SBA portal every second for processing Min credit score is 570 (will be auto declined, if not, a LO will decline) Max loan is $500k – no if ands or buts. … Read more

Senator Rubio: Paycheck Protection Program will relaunch Monday

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PPP UPDATE: PPP should be relaunching Monday morning. It will will include not just the $310 billion @potus will sign today, but also an additional significant amount of money from #PPPloans being returned by several publicly traded large companies. https://twitter.com/marcorubio/status/1253651979307450368?s=21 Businesses were expecting the PPP to start again this week. Absolutely ridiculous…   AC

In-Depth Analysis and Valuation on Zoom Video Communications (ZM)

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by anonuser123987 Section I: Executive Summary Investment Thesis (Valuation as of 4/20) Zoom provides a ‘video-first’ cloud-native scalable communications platform that changes how people interact through frictionless video, voice, chat, and content sharing It primarily serves enterprises in the Americas, Asia Pacific, Europe, the Middle East, and Africa, but also caters to individuals as well … Read more

I figured out why this market is being so idiotic (seriously)

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by robbinhood69 Check this https://robintrack.net/symbol/AAL https://robintrack.net/symbol/LVS https://robintrack.net/symbol/CCL I seriously haven’t found a ticker that has a drop in buyers from the retail side. EVERYONE is BTFD right now. Every fund manager is realizing this and unloading bags. No real reason to pull the rug when you can just slowly sell off whatever shares you have. … Read more

Beijing is doing everything it can to clamp down on Hong Kong’s pro-democracy camp before September’s parliamentary elections.

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#Beijing is doing everything it can to clamp down on #HongKong's pro-democracy camp before September's parliamentary elections. In classic #Communist fashion, the #CCP has weaponized the #RuleOfLaw and is using it to strip HK of its #Freedom.pic.twitter.com/jRWE2vzBbK — Steve Hanke (@steve_hanke) April 24, 2020

Interactive Brokers CEO: “We would like to ask you not to buy our shares unless you become an active user of our platform”

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by Dagoru95 I thought it was a little bit crazy, but then it got me thinking, and it’s actually interesting. Imagine a world were investors invest in companies they like/find useful/ or at least have actually tried and realized it’s potential. “Dear Prospective Investor, IBKR aims to provide an exceptionally inexpensive and versatile platform for … Read more

Short Sellers Make Nearly $300M Betting Against USO

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“Retail has been plowing into these oil contracts thinking they’re buying spot crude oil when they’re buying the next front month. So they’re paying $22 a barrel when the spot market’s negative $38. Retail investors are going to get fleeced if they continue to fly into these oil ETFs,” he said Monday on CNBC’s “Closing … Read more

Administration faces significant hurdles in getting Fed to help rescue an oil industry squeezed by plunging crude prices given CB’s aversion to helping specific industries & ITS LACK OF AUTHORITY TO HELP BUSINESSES THAT ARE INSOLVENT …BECAUSE IT’S AGAINST THE LAW!

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Administration faces significant hurdles in getting Fed to help rescue an oil industry squeezed by plunging crude prices given CB’s aversion to helping specific industries & ITS LACK OF AUTHORITY TO HELP BUSINESSES THAT ARE INSOLVENT …BECAUSE IT’S AGAINST THE LAW!@business — Danielle DiMartino Booth (@DiMartinoBooth) April 24, 2020 How to ruin your banking system… … Read more

If corporate America expects us to bail them out every time we have a crisis, then maybe we need to start charging corporations a higher tax rate as an insurance premium…

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If corporate America expects us to bail them out every time we have a crisis, then maybe we need to start charging corporations a higher tax rate as an insurance premium… Jim Chanos @jfc_3_ https://t.co/K6fBI00Ozt pic.twitter.com/nIDw1WaSRL — Real Vision (@RealVision) April 24, 2020  

This is broken. Fed buying junk and it’s still broken. Almost back to levels prior to the announcement.

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https://twitter.com/Simple_Trends/status/1253446395215953921 https://twitter.com/RealTianZeng/status/1253726965070270467 https://twitter.com/tyler_bryant/status/1253531527574507520 https://twitter.com/NorthmanTrader/status/1253325114013151233 Longer term HYG risk proxy and S&P 500 are now back after massive Fed backed move. Interesting that HYG is trending down while Spooz are running higher. Careful peeps. pic.twitter.com/0fvIcnj335 — Gubb (@gubbmintcheese) April 24, 2020 https://twitter.com/jtepper2/status/1253564461308403712

Dollar shortage warning. New lows for EM currencies with $BRL being decimated. Blood in the streets? Not even close.

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Dollar shortage warning. New lows for EM currencies with $BRL being decimated. Blood in the streets?Not even close. Wall Street still estimates a 20+% appreciation in $BRL and further rate cuts by end of 2021. Good luck with that. pic.twitter.com/qrKJAJQ7OM — Otavio (Tavi) Costa (@TaviCosta) April 24, 2020 https://twitter.com/HaulingWolves/status/1253666839307132928 Red flag in the Umich sentiment … Read more

Watch for the ripple effects… More homeowners seeking to delay mortgage payments; Credit card companies are reducing card limits; US earnings revision ratio is back to ‘08 lvls;

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Bloomberg News with some distressing news: U.S. homeowners seeking to delay mortgage payments topped 3.4 million, up 17% from a week earlier, according to Black Knight. About 6.4% of mortgage borrowers have entered forbearance — Robert Burgess (@BobOnMarkets) April 24, 2020 Credit card companies are reducing card limits to mitigate future losses from borrowers who … Read more

U.S. Gasoline & Jet Fuel Days Of Supply Explode To Record Highs As Demand Collapses

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by Steve St Angelo of SRSrocco Report Unfortunately, for the already vulnerable U.S. Energy Market, the worst is still yet to come.  As one energy analyst forecasted, we may see a negative $100 for oil a barrel of oil.  While this may sound totally insane, domestic oil producers still haven’t cut anywhere near the amount necessary. As the … Read more