via newsmax Among the Biden tax proposals that have alarmed conservatives: Biden wants to increase the corporate tax rate from 21% to 28%. This 33% increase would raise $1.3 trillion over a decade. One problem with this approach is companies tend to pass along this added cost by reducing employees’ wages, meaning lower income workers would … Read more
by jessefelder Every day I go through all of the insider buying and selling filed with the SEC the day before. (InsideArbitrage.com and OpenInsider.com are my two favorite sources for this information.) It’s mainly a way for me to try to find good investment ideas as nobody knows the true value of a company’s shares better than those … Read more
#BREAKING: (@AP) — #Congress shutting US Capitol, House and Senate office buildings to public until April 1 in reaction to #coronavirus. https://t.co/6Evwth49Ho — CBSNBayArea (@CBSNBayArea) March 12, 2020 All public Pentagon tours have been cancelled until further notice @wusa9 https://t.co/Cr1VqQYhxJ pic.twitter.com/z1vcE1Islp — Marcella Robertson (@Marcella_Rob) March 12, 2020 CBSNBayArea @CBSNBayArea #BREAKING: ( @AP ) — … Read more
via Zerohedge Earlier today, we reported that Boeing shocked the investing community when it announced that due to “market turmoil”, it would immediately draw down on its full $13.825 revolving credit facility, an unprecedented move for a company Boeing’s size and valuation, and one which was some took as an indication of how frail Boeing’s liquidity state … Read more
Poland closes all schools, universities, cinemas, theaters, and operashttps://t.co/6Li4VagHcb — Steve Lookner (@lookner) March 11, 2020 What happens when Apple closes all US stores in major cities with outbreaks?$AAPL https://t.co/0i63HUWCed — Nicholas Ramos (@NickVRamos) March 11, 2020
Corp taxes collected last year: $160 billionTotal US tax receipts: $4 Trillion Corp earnings are a sitting duck when we start having $2T deficits and Repo Mkt turmoil every single day (and Fed bal sheet skyrocketing) P/E ratios are a mirage of debt, buybacks and fake tax rates pic.twitter.com/pkhtCqjngw — M/1_LP (@MI_Investments) March 11, 2020
by jacquesopper Chart from Morgan Stanley: View post on imgur.com More info on NBER’s business cycle dating procedure: https://www.nber.org/cycles/recessions_faq.html Edit: Just to clarify, the NBER announces the recession by identifying the peak month (i.e. the end of the previous expansion and the start of the recession). This occurs several months after that peak month. For example, … Read more
Saturday night at Mar-a-Lago Gregor Peter @L0gg0l · 2h AIDE TO BRAZIL’S PRESIDENT BOLSONARO REPORTS CORONAVIRUS SYMPTOMS AFTER RETURN FROM U.S (via @lucasrohan ) The guy right next to Trump is the communications aide of Brazil's president Bolsonaro. He is now showing coronavirus symptoms and is being tested https://t.co/1rPtBiq1oE — Gregor Peter (@L0gg0l) March 11, … Read more
The NYSE opens at 9:30 am EST and closes at 4:00 pm The most reported and most followed is the DOW Ind. Average. The DOW closed at 23,553.22 Wednesday. If the markets plunge to certain levels, trading will be halted for a time. This is commonly known as “circuit breakers”. The circuit breakers are triggered by a … Read more
Of immediate concern is how much cash Boeing is burning due to the 737 MAX fiasco and now the coronavirus, and how much cash it can pile up to avoid a liquidity crisis. By Wolf Richter for WOLF STREET. Boeing’s shares [BA] came unglued, plunging 18.1% today, after having already plunged over the past four weeks. Since February … Read more
by Michael Snyder In all of U.S. history, we have never seen the Dow Jones Industrial Average go from an all-time high to a bear market as quickly as we just did. As I keep reminding my readers, the stock market is all about how investors view the future. Early this year, extremely irrational optimism … Read more
https://www.youtube.com/watch?v=VMV_h7mDDwE The World Health Organization has declared the coronavirus outbreak an official pandemic. Restrictions are beginning to tighten all around the world. Hand sanitizer and toilet paper rationed at some stores. RT America’s Natasha Sweatte joins News.Views.Hughes from Los Angeles to report on the impact of the deadly coronavirus.
“If the market conditions persist like this, we may start seeing bank treasurers start to look at this option more and more,” said Filippo Alloatti, senior credit analyst at Federated Hermes. “I don’t love it as an investor, but as long as there an economic justification for this and the chain of reasoning is clear, … Read more
by Christine_grab I have caught California’s Income Tax Collection Agency, The Franchise Tax Board, in two different racketeering schemes. I tried to get the illegal activity stopped by contacting legislators. I even made a speech to Legislators in both 2018 and 2019: https://vimeo.com/user93891576. The Legislators response was F*** you: https://gwsandiego.net/blog/?p=196. So now I have filed a lawsuit: https://gwsandiego.net/blog/?attachment_id=214 … Read more
by SpontaneousDisorder Boeing will draw down $13.8bn loan in case it gets yanked. https://www.zerohedge.com/markets/boeing-drawdown-full-138-billion-revolver-hinting-imminent-bank-lending-freeze
SHOW NOTES AND MP3: https://www.corbettreport.com/?p=35374 Author and researcher James Bovard joins us today to discuss Facebook’s recent pledge to suppress all criticism of the US Census Bureau from its platform. We delve into the dark history of the US census and discuss how it has been used to round up and intern mass numbers of … Read more
https://fortune.com/2020/03/11/coronavirus-stock-market-stocks-high-valuations/ For instance, January and February. Though it seems distant now, the S&P 500 hit its all-time high of 3394 on Feb. 19. “The stock markets previously had priced in a Goldilocks scenario and entered the year with an elevated price-to-earnings multiple, providing little cushion,” says Jared Franz, an economist at investment giant Capital Group. … Read more
Xinhuanet, chinese state sponsored media – translated: https://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.xinhuanet.com/politics/2020-03/04/c_1125660473.htm&prev=search Original: http://www.xinhuanet.com/politics/2020-03/04/c_1125660473.htm they’ve already restricted exports about 80 percent of the active pharmaceutical ingredients (APIs) used to make drugs in the United States are said to come from China and India. 97% of u.s antibiotics come from china we are very reliant on china in certain sectors. China is … Read more
Biden openly lied to a union worker today and pretended he never talked about taking guns aways. The 2nd amendment isn’t for hunting. I will not end up like the protesters in Hong Kong or Venezuela that are being shot at or ran over by military vehicles. Literally every amendment we have is to protect … Read more
Major events around the world are being canceled, postponed or even going virtual to mitigate the spread of coronavirus. Richard Attias, executive chairman of global communication advisory firm Richard Attias and Associates, joins “Squawk Box” to discuss the economic impact. LA