Axios co-founder Jim VanderHei politicized the coronavirus crisis by claiming red states have been “slower” responding because they’ve been “listening to President Trump,” but he ignores why blue states have been hit harder. Speaking to MSNBC’s Morning Joe and name-dropping Georgia and Florida as states that waited longer than others to implement stay-at-home orders, VanderHei said “information inequality” is to blame for states not acting as […]
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One would think that on the day the US reported 3.3 million (!) initial jobless claims, more than 5 times the weekly peak hit during the financial crisis, and a 30-sigma event… weekly jobless claims, a 30σ event pic.twitter.com/LEO7s5TXsH — 📈 𝙻𝚎𝚗 𝙺𝚒𝚎𝚏𝚎𝚛 📊 (@lenkiefer) March 26, 2020 … one which presages not a recession but an economic depression, stocks would be lower. One would be […]
Fox News’ Martha MacCallum called out White House counselor Kellyanne Conway Wednesday night for her criticisms of Mayor Bill de Blasio not taking coronavirus incredibly seriously at first, given what President Donald Trump was saying around the same time. Conway brought up de Blasio’s interview on Fox News last night and said he “lied to America” when he said he’s been all over this from the […]
As America shelters in place to isolate from COVID-19, people have been avoiding potential exposure by ordering necessary items from Amazon. Anyone who has been disinfecting Amazon deliveries is ahead of the curve, as workers across 10 Amazon warehouses have tested positive for the disease, according to the Washington Post – owned by Amazon founder Jeff Bezos. According to the report: “two in New York City; […]
In this uncertain world, one thing we can always trust to be a constant is unerring ability of Sarah Ferguson, the ex-wife of Prince Andrew, to say utterly bizarre things. On Tuesday she was at it again, tweeting a pair of extraordinary messages suggesting that “Mother Nature” had unleashed the coronavirus on humankind to punish us for not looking after the planet. Little did she know […]
Dr. Ian Lipkin, the Director of the Center for Infection and Immunity, who traveled to China weeks ago to study the outbreak before going into quarantine for two weeks, said on Fox Business Network Tuesday he has tested positive for the coronavirus. Last week on MSNBC, Lipkin appeared on Rachel Maddow’s show and said, “We are going to go through this pain irrespective of whether we’re […]
Both the warring factions in Libya have imposed lockdowns to guard against the coronavirus but fighting is still going on, compounding difficulties the country faces in preparing to combat the disease. So far, testing has confirmed no cases there. But officials are worried about what will happen if and when it does. “This is a health system that was close to collapse before you get the […]
Both the warring factions in Libya have imposed lockdowns to guard against the coronavirus but fighting is still going on, compounding difficulties the country faces in preparing to combat the disease. So far, testing has confirmed no cases there. But officials are worried about what will happen if and when it does. “This is a health system that was close to collapse before you get the […]
US equities hit ‘limit up’ in pre-market trading on Tuesday on news that the Senate and the White House are close to an agreement on a $2 trillion coronavirus aid package which was delayed after Democrats held it hostage for a wish list of unrelated pork. It’s unclear on whether they’ve agreed to eliminate the controversial demands – including several ‘Green New Deal’ type emissios restrictions […]
American stock futures fell sharply during Asian trading hours, to around the limit down levels, as talks over a massive $1 trillion+ emergency rescue package for the coronavirus-stricken US economy reached a stalemate. Dow Jones and E-Mini S&P 500 futures crashed around 5 per cent on Asia opening, before bouncing back slightly, but continued to trade around the limits, threatening a chaotic opening for American markets […]
Authored by Chris Hamilton via Econimica blog, Summary Coronavirus is no plague or Spanish-flu, but we aren’t who we once were either. So the end result may be the same?!? The young (representing the future) cannot cover the rapidly growing debt… and the policies to avoid dealing with the debt are ultimately destroying future economic activity. The US is going bankrupt in half measures but double […]
Dow ends 4.6% lower in latest US stocks rout on virus hit — RT Business News icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon […]
The head of the World Health Organization (WHO) has said that the reduction of Covid-19 cases in the Chinese city of Wuhan “provides hope for the rest of the world.” The comments come as the virus takes a terrible toll in Europe. Once the epicenter of the Covid-19 coronavirus pandemic, the Chinese city of Wuhan reported no new cases of the illness on Thursday – for […]
Former FEMA Chief Craig Fugate ripped out his earpiece and walked off during an interview with Katy Tur on MSNBC on Thursday. “I don’t have time to listen to bullshit, people,” Fugate muttered as he stormed off. The stunning moment took place during a discussion between Fugate, Tur, and Andy Slavitt – the former acting administrator for the Centers for Medicare and Medicaid Services under President […]
As Congressional voices and US oil companies have grown louder in urging President Trump to mount a muscular pushback against the Russians and Saudis flooding the market following their spat early this month that triggered an ongoing oil-price war — which lately witness crude falling to $20 yesterday — the administration has said it plans to get involved at “the appropriate time” and hopes to find a “middle ground”. Trump said […]
Last week, following a series of unprecedented, shocking market moves, we explained that a big reason behind the decorrelated cross-asset rollercoaster was due to an unprecedented, the biggest ever VaR shock, that forced risk parity funds, which until 2 months ago were the most levered ever, to engage in an unprecedented liquidation and delever to levels that were more suitable for the current, well, market crash. […]
In the lead up to this morning’s must-watch initial jobless claims data, searches for unemployment-related services have exploded as national lockdowns have led to mass layoffs across both the services and manufacturing sectors. And while analysts expected a modest 220k jump, the print came at 281,000 new jobless claims in the last week… However, worse is guaranteed to be coming with claims will start moving […]
The Iraqi army yesterday said two rockets had hit a military base that hosts US-led coalition troops near the country’s capital Baghdad. “Two rockets hit the Besmaya base 60 kilometres (40 miles) south of the capital Baghdad, where the US-led coalition and NATO have forces stationed,” the army’s media office was quoted by Anadolu Agency as saying. The military added that the two missiles were launched […]
As communities all over America shut down in order to help prevent the spread of the coronavirus, job losses are already starting to rise to extremely alarming levels. As you will see below, almost one out of every five households in the U.S. has already experienced “a layoff or a reduction in work hours” because of this pandemic. Unfortunately, many experts are now anticipating that we […]
At least three rockets have reportedly struck Baghdad’s Green Zone, according to Iraqi authorities. The spokesman for the US-led coalition denied reports of a rocket attack on nearby coalition base Camp Taji, however. Several unguided Katyusha rockets struck the fortified area on Tuesday, reportedly striking homes in the al-Jadriya neighborhood. سقوط صاروخين نوع كاتيوشا انطلقا من منطقة عرب جبور باتجاه منطقة الجادرية أحدهما سقط على بناية […]
![Many European citizens went to fight in Syria/Iraq and had children there, now EU countries are facing a decision over whether to bring them home or not - Cartoon [Sabaaneh/MiddleEastMonitor]](https://1buv.com/wp-content/uploads/2020/03/eu-border-restrictions-will-hit-transfers-of-child-refugees-middle-east-monitor.jpg)
European border restrictions imposed because of the coronavirus will affect plans to transfer hundreds of children out of “dire and dangerous” refugee camps in Greece, a senior official for the United Nations children’s fund (UNICEF) said on Tuesday. European countries including Finland, France, Portugal and Luxembourg, and the German city of Berlin, agreed in recent weeks to take unaccompanied minors from Greece after thousands of refugees […]
Authored by Lance Roberts via RealInvestmentAdvice.com, For the last several months, we have been issuing repeated warnings about the market. While such comments are often mistaken for “being bearish,” we have often stated it is our process of managing “risk” which is most important. Beginning in mid-January, we began taking profits out of our portfolios and reducing risk. To wit: “On Friday, we began the orderly process of […]
Overstock, the bitcoin-friendly retail company and the parent of security token marketplace tZERO, was subpoenaed twice by the Securities and Exchange Commission (SEC) at the end of last year. As disclosed in Overstock’s annual report filed with the SEC on March 13, the company received the fresh subpoenas in December. Those came after one filed by the SEC two months earlier, which immediately pushed the company’s […]
US stock futures stabilized overnight after another widowmaking session on Monday, even as strategists across Wall Street warned their clients not to try and ‘catch the falling knife’ – but in the absence of any concrete headlines, it seems traders in Japan are finally realizing that the White House is moving closer to the type of fiscal stimulus they want to see. And in Europe, though […]