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And 200 miracle orders — well, just a letter of intent — for the Boeing 737 MAX at the Paris Air Show. By MC01, a frequent commenter on WOLF STREET: Airlines and aircraft manufacturers usually announce large deals during the big air shows to add an air of glitz and glamour to their dealings. With the … Read more
by Harry Dent of Economy & Markets I sent a market update to Boom & Bust subscribers in our 5 Day Forecast last Monday. I explained that stocks saw their biggest correction since late 2011, which makes that a 4th wave correction leading into a 5th wave final blow-off rally… what I have been calling the Dark Window scenario. My target is around 10,000 on the leading … Read more
Instead of arresting a woman accused of shoplifting, these NYPD officers paid for her meal When New York City Police officers saw a woman accused of shoplifting at a Manhattan Whole Foods store on Thursday, they didn’t arrest her; instead, they paid for her meal. A store security guard asked three officers on a break … Read more
Democratic presidential candidates have “unworkable” and “unwise” immigration policies, according to Obama administration Homeland Security chief Jeh Johnson. “That is tantamount to declaring publicly that we have open borders,” Johnson told the Washington Post on Tuesday, referring to a push to decriminalize illegal immigration. “That is unworkable, unwise and does not have the support of a … Read more
via dailymail: To create cultured meat, researchers take small amounts of tissue from animal After isolating individual cells,they’re put in flasks and fed nutrients, oxygen When grown on plastic, cells will divide until they exist on all of available surface To get an organized structure like steak, you need vessels and connective tissue The meat … Read more
21ST CENTURY PROBLEMS: Algorithmic Governance and Political Legitimacy. In ever more areas of life, algorithms are coming to substitute for judgment exercised by identifiable human beings who can be held to account. The rationale offered is that automated decision-making will be more reliable. But a further attraction is that it serves to insulate various forms of … Read more
On the ‘Santelli Exchange’ they discuss interest rate policy, where she stands in terms of Fed policy and the popularity of cryptocurrencies and what that says about government-backed currency.
by northmantrader This week we entered the Sell Zone as I called it last weekend. Overnight today $ES hit nearly 3004 and is currently 23 handles lower on the news that the latest NFP report beat while unemployment ticked slightly higher. Whether the sell is now in full swing or more highs are still to come is an … Read more
They’re cutting further to maintain price stability, but it’s causing them to loose market share like crazy to competitors like US shale producers. https://twitter.com/stuartlwallace/status/1145232557841272833?s=21
via Bloomberg: China’s private enterprises under President Xi Jinping appear to be holding the short end of the stick. The government’s earnest deleveraging campaign has hit the sector disproportionately hard, and a never-ending trade war with the U.S. has hurt manufacturing, the core of China’s entrepreneurial spirit. That’s only part of the story. Private businesses aren’t merely … Read more
by mark000 People who think the FOMC won’t cut at the meeting in 4 weeks have no idea what is happening. With UST’s way below the EFF (even the 30Y just about) and USD-Libor joining in (now at ~2.30%), a cut is 100% going to happen. Only mystery is whether its a single or a … Read more
https://twitter.com/jtepper2/status/1147489051680878592
via @StockBoardAsset: /FFcm1 – market realizes that it priced in too many rate cuts market priced in too many rate cuts – now comes the consequences there’s no reason why retail should rebound this summer via @AndysCycles : $SPX company interest paid up 20.8% from last July.
If you work for Deutsche Bank and are wondering about the veracity of the redundancy rumours, you do not have long to wait. Deutsche Bank’s board meets Sunday to discuss Christian Sewing’s proposed 15,000 to 20,000 redundancies and insiders say an announcement is expected Sunday evening. Ominously, there are already signs that DB is preparing for the worst. “All the meeting … Read more
Ann Schmidt from FOX Business reports, Millennials are headed to the ‘burbs. Just like generations before them, millennials — between the ages of 23 and 38 — are leaving cities and moving to the suburbs to find affordable housing, according to a report from The Wall Street Journal. https://www.youtube.com/watch?v=gQwirSYSh-0 Read More/Source/Credit/FairUse: https://www.foxbusiness.com/features/…
by Daisy Luther Since Thursday, Southern California has been hit with a series of earthquakes and aftershocks all the way up to two that measured 6.4 and a whopping 7.1 magnitude. The epicenter of both quakes was near the town of Ridgecrest, with a population of nearly 29,000 people. The Earthquakes On the Fourth of … Read more
by 2B This Epstein case is horrific and the young women deserve justice. It is quite likely that some of our faves are implicated but we must follow the facts and let the chips fall where they may – whether on Republicans or Democrats. #WeSaidEnough #MeToo https://t.co/2mvskwQwW1 — Christine Pelosi (@sfpelosi) July 7, 2019 Related: … Read more
