via reuters: Sources familiar with WhatsApp’s internal investigation into the breach said a “significant” portion of the known victims are high-profile government and military officials spread across at least 20 countries on five continents. The hacking of a wider group of top government officials’ smartphones than previously reported suggests the WhatsApp cyber intrusion could have broad … Read more
via washingtonexaminer While border apprehensions of illegal immigrants have reached a decade high, they did not hit the projected 1 million in 2019, leading experts to believe that the Trump administration has finally made good on its promise to stop the surge. “The crisis is over,” said analyst Steven Kopits in a new report on the … Read more
via WSJ: Senate lawmakers proposed bipartisan legislation that would require search engines to disclose the algorithms they use in ranking internet searches and give consumers an option for unfiltered searches. Search engines such as Alphabet Inc. ’s Google unit use a variety of measures to filter results for individual searches, such as the user’s browsing … Read more
(Bloomberg) — U.S. meat markets had so far been shielded from the effects of a deadly pig disease wiping out Asian herds. That’s starting to change. As pork supplies plummet in China, the world’s top consumer is desperate for meat and is ramping up imports. As a result, it’s becoming harder to set longer-term protein … Read more
Beijing (AFP) – China warned Friday it would not tolerate any challenge to Hong Kong’s governing system, as it laid out plans to boost patriotism in the city and change how its leader is chosen or removed after months of pro-democracy protests. Beijing also said it would brook no foreign interference in Hong Kong affairs … Read more
Speaker of the House Nancy Pelosi passed a resolution that makes official the unfairness of the lopsided so-called Impeachment Inquiry. The resolution gives all the power to the Democrats and leaves zero due process to the President or the Republicans. The only way Democrats can make up evidence is to make it unfair. This … Read more
by Patrick Hill The SPX recorded new highs this week. Investors appear to be excited about the U.S. – China Phase 1 trade agreement, which only goes so far in ending the trade war. Plus, the Fed is cutting interest rates, injecting $100 billion in repo financing over the next month, and embarking on a … Read more
from Zero Hedge The automotive industry has been mired in recession for the better part of the last 18 months and still shows no signs of stopping. On Tuesday, comments from both VW’s CEO and from tire maker Pirelli, who cut its guidance for 2020, continue to exemplify an industry where the very worst of a … Read more
Kitco News, Released on 10/31/19 A catastrophic recession is coming, and gold is still the best investment to hold during an economic collapse, this according to Gerald Celente, publisher of the Trends Journal. “For me, speaking only for myself, gold is the number one investment and I’ve been saying that since I began buying gold … Read more
by GoldenKaze Fed has unwinded 5 months worth of QT in 5 weeks! At this pace we will surpass the 4.5Trillion record in what maybe 8 more weeks? Which means SPY $325! Good job Powell, keep pumping this market full of money https://i.ibb.co/ZJGMf3N/Screenshot-20191101-083712-Firefox.jpg https://fred.stlouisfed.org/series/WALCL
Some active ECB members criticized the decision to announce a second round of QE without a clear end date. Certain members said it’s at risk of breaching its self-imposed purchase limits and potentially facing legal challenges. The European Central Bank (ECB) needs to reinvent itself and come up with new policy tools as its bond-buying program is … Read more
The $VIX is hitting a wall of complacency. The S&P 500 is nearing the apex of a wedge. Fundamentally, US stocks are historically over-valued. Macro timing indicators show the peak of the business cycle. Are the technicals also setting up for a bear market? $SPX $SPY $ES pic.twitter.com/QetyySees3 — Kevin C. Smith, CFA (@crescatkevin) October … Read more
https://twitter.com/fedoroffx/status/1190228625083305984 https://twitter.com/hks55/status/1190112267737669633 #Our1929Quotes Side by side… pic.twitter.com/8Q0tBmyQ1r — Michael Norinsberg (@Mnorinsberg) November 1, 2019 Greenspan says the economy is missing leverage, and just happens to conveniently forget the US gov't just went from $10T–>$23T in debt in only 10 yrs!🤦♀️🙄🤔Where did that spending end up Alan? Gov't handing out 💰$1T/yr to spend is NOT ORGANIC … Read more
China PMIs shrink, indicating deflation risk pic.twitter.com/RolbFsgF11 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 31, 2019 Almost two decades of passenger car sales growth in #China have come to an end pic.twitter.com/gfwg0lmnzY — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 1, 2019 #HongKong Banks are 900% of Hong Kong’s GDP. Imagine what happens if #RealEstate prices … Read more
what you're not being told is global trade is plunging again — the whole narrative by wall street was that growth was supposed to pick up at the end of the year. pic.twitter.com/AMme1tCF4A — Alastair (@StockBoardAsset) November 1, 2019 ANZ Global Leading Index is well below trend pic.twitter.com/MCpNL3gaH1 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October … Read more
by travissidelinger Thought I’d share here. I have put together several backpacks. This is my best one. It’s my take everywhere backpack. Except work, I have a different backpack for work. And my camping backpack is separate. If we had to run in a hurry, we would grab our camping backpacks (which are usually ready to … Read more
by UPFINA The ADP private sector jobs report was a mixed bag. On the negative side, the September report was revised from showing 135,000 jobs created to 93,000. We know the initial BLS reading was 114,000, but that’s subject to a revision. As for now, the ADP report went from optimistic to pessimistic. The October report … Read more
by SpontaneousDisorder https://twitter.com/lisaabramowicz1/status/1189920797122543618 Companies are on pace to sell a record volume of U.S. investment-grade bonds this year, with 65% of the issuance coming from BBB rated issuers: Fitch Ratings https://fitchratings.com/site/re/10099564 Here’s a look at the market value of the Baa universe of debt in the U.S. – rising to nearly $3 trillion, triple … Read more
In fairness iPhone sales probably will receive a boost from the expected release of new 5G phones. However, accelerated or delayed phone upgrades are merely moving revenues in time rather than growing revenues. For me the recent stock price increase is overdone. This is not a recommendation to buy or sell. Stocks are risky and … Read more
The report found it ‘astonishing’ that there were still up to 800,000 faulty machines in people’s homes Whirlpool has been condemned for using controversial gagging clauses to “silence customers” who had been fire victims of its faulty tumble dryers. MPs said it was “disgraceful” the manufacturer made householders sign non-disclosure agreements (NDAs) and called for … Read more