Mainstream Media Ratings Plummet Amidst Major Credibility Crisis

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By Jon Hall  Last month, CNN saw a 16% collapse in their primetime ratings. This comes after the network offered voluntary buyouts to 100 employees in that same month. CNN’s primetime viewers reached only 761,000 viewers and their total day viewers crashed 9% compared to the same month last year, averaging only 559,000 viewers. CNN’s supposed flagship morning show, New Day, only averages an … Read more

Homelessness jumps 16% in LA; Officials stunned… ‘Unprecedented poverty manifesting itself’… 59,000 LIVE ON STREETS

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Number of Homeless People Jumps 12% Across L.A. County to Nearly 59,000 The number of homeless people counted across Los Angeles County jumped 12% over the past year to nearly 59,000, with more young and old residents and families on the streets, officials said Tuesday. The majority of the homeless were found within the city of … Read more

3-Steps To Holistic Financial Wellness

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by Richard Rosso Investors tend to narrowly define wealth management as portfolios and products. Unfortunately, many financial professionals permit this shortsightedness as it aligns with their aspirations to sell investment vehicles, then move on to the next prospects. However, this pervasive myopia is a tremendous oversight; investors and financial consumers miss out on the advantages … Read more

Can Tesla Hold The Line?

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by Erik Lytikainen Tesla bulls and Elon Musk fans everywhere are hoping that the decline in Tesla stock price will end soon.  After the stock breached the technically important $250 price level, the next key support level is in the $180 range, close to where the stock is trading now. Tesla has emotionally attached both … Read more

Jim Rickards: Wall Street And The New Cold War

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by Jim Rickards via Daily Reckoning The stock market seems to rise or fall almost daily based on the latest news from the front lines of the trade wars. When Trump threatens new tariffs and China threatens to retaliate in kind, stocks fall. When Trump delays the tariffs and China agrees to resume negotiations, stocks rise. And so … Read more

Factory orders, Fed comments, Lumber prices

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by WARREN MOSLER US Factory Orders Fall the Most in 6 Months New orders for US manufactured goods fell 0.8% in April, the most since October last year, due to lower demand for transportation equipment, computers and electronic orders, and primary metals. Meanwhile, shipments of manufactured goods declined 0.5% in April, the largest drop since April 2017. … Read more

Families Push For Answers In Cases Of 50 Strangled Women In Chicago; Serial Killer On Loose?

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CHICAGO (CBS) — More than 50 women have been killed by strangulation in Chicago going back to 2001. The CBS 2 Investigators have highlighted patterns that some say suggest a serial killer could be behind the murders. Chicago Police Supt. Eddie Johnson said right now there is just not enough information to say a serial killer … Read more

Global Semiconductor Sales Plunge 24% from Peak, Deepest % Plunge since Financial Crisis, Deepest $ Plunge Ever. Here’s Why

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter A slew of reasons, the China debacle on top. Global semiconductor sales dropped 14.6% in April from April last year, to $32.1 billion, on a three-month moving average basis, the World Semiconductor Trade Statistics (WSTS) organization reported Tuesday afternoon. The three-month moving average in April has plunged 24% from the peak last October, … Read more

Recession Probabilities continue to increase: what’s next for stocks

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by Troy The stock market rallied above its 200 day moving average today along with Fed-related news. Today’s headlines: The New York Fed’s Recession Probability Model continues to increase Today’s spike saw relatively low volume Stocks spiked, but VIX didn’t fall significantly today 30 year – 2 year Treasury yield is steepening PMI and the … Read more