Today's Headlines
Bloomberg:
- Xi’s Embrace of Putin Dents His Chances of Playing Peacemaker on Ukraine.
- China’s Surprise RRR Cut Puts Focus on Bank Lending Rates.
- Fed and Five Central Banks Announce Move to Boost Dollar Funding.
- UBS to Buy Credit Suisse in $3.3 Billion Deal to End Crisis.
- The One Big Winner and Many Losers of UBS’s Credit Suisse Rescue.
- Here Are Key Takeaways From UBS’s Historic Credit Suisse Deal.
- Latest Updates on UBS Deal to Buy Credit Suisse.
- Vulcan Facility Seizure Adds to Tension Between US and Mexico.
- Currency Markets Wobble After CS Deal as Fed Remains Acid Test.
- Asia Bank Bonds So Far Avoided Scale of Stress in US, Europe.
- El-Erian Says Credit Suisse Deal ‘Not Clean’ But Best Option.
- Credit Suisse’s Riskiest Bonds Jump Amid Optimism Over UBS Talks.
- Europe’s Green Protectionism Will Worsen its Energy Security.
- US Futures Climb, Dollar Slips as Sentiment Turns: Markets Wrap.
- Oil Steadies at Week’s Open After Moves to Ease Banking Crisis.
- Tom Barrack Playing Key Role in Talks to Save First Republic.
- New York Community Bancorp to Pursue Deal for Signature.
- El-Erian Urges 25 Basis-Point Hike Saying Fed Shouldn’t Blink.
- ‘Everybody’s in Limbo’: Bank Chaos Leaves Crypto With Dwindling Options.
- The Scourge of Vaping Is Hiding in Plain Sight.
- Inside Apple’s Companywide Cost-Cutting Push to Avoid Layoffs.
- Rising Rates Are Reshaping Once-Lucrative Commodity Trades.
- Anxious Traders Map Out Strategies for Monday Market Drama.
- Five Key Charts to Watch in Global Commodity Markets This Week.
Wall Street Journal:
- The Outlook: Smaller Banks’ Economic Role Means Distress Raises Recession Risks
- How Did SVB’s Management Get It So Wrong?
- Signature Bank’s Quirky Customer Mix Hastened Fall.
- The Panic Spreads to Credit Suisse. The financial trouble is exposing many myths of the mania years.
- Hospital ‘Black Boxes’ Put Surgical Practices Under the Microscope.
- Live Updates: Fate of Credit Suisse’s Riskiest Bonds.
- The Outlook: Banking Mess Raises Recession Risks.
- Escalating Demand for Soybean Oil Hits Possible Slowdown.
- Putin Makes First Known Trip to Seized Mariupol.
- TikTok’s Chinese Parent Has Another Wildly Popular App in the U.S.
- U.K. Billionaire Bidding for Manchester United Plots a U.S. Expansion.
- Biden’s ‘Go It Alone’ Trade Deals Draw Criticism.
- Twenty Years After U.S. Invaded Iraq, Congress Wants Its War Powers Back.
- Ford, GM in China Price War as Car Sales Slump.
- The Banking Sector Turmoil in Charts.
- Violent Protests in France Continue Over Pension Overhaul.
How Biden Bailed Out California and New York. The real motivation lies in the states’ budgets, which depend on the success of green startups.
- Anti-capitalist teacher promotes anarchy, students having ‘no respect for authority’.
- DA's case against Trump hinges on witnesses with 'credibility problems': Andy McCarthy.
- North Korea claims 800,000 join army in a single day to fight the US.
- Robots are replacing security guards — and they could soon be capable of deadly force.
- Blue city leader decries lack of police officers after voting to defund them.
CNBC:
- UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports.
- General Motors’ China business is hurting, and it’s not just because of Covid.
- The top 10 most popular dog breeds in the U.S.
- FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp subsidiary.
- S&P cuts First Republic deeper into junk, says $30 billion infusion may not solve problems.
- SVB collapse is double-whammy for tech startups already navigating brutal market.
- Top Wall Street analysts pick these five stocks for the long term.
Zero Hedge:
- Fed Panics, Announces "Coordinated" Daily US Dollar Swap Lines To Ease Banking Crisis.
- UBS To Buy CS For $3 Billion As AT1 Bonds Get Wiped Out In Record Bail-In; Swiss Govt Grants CHF9BN Guarantee; SNB Offers $100 Billion Liquidity Backstop.
- Were The Bank Bailouts The Result Of Rising Wealth Concentration?
- Mike Wilson: "Why On Earth Did US Stocks Rally Last Week?".
- Musk Blasts Biden After Prez Lies Twice About '3% Billionaire Tax'.
- The Longer It Takes The Fed To "Go Big", The Deeper The Damage Will Be, And The Bigger The "Big" Will Be.
- Gold, Stocks, Bonds, & Bitcoin All Higher After Fed, SNB Panic.
- TME Weekend: Not 2011, yet.
- "True Stories... Could Fuel Hesitancy": Stanford Project Worked To Censor Even True Stories On Social Media.
- Weekend News Round Up - Newsquawk Asia-Pac Market Open.
- Liz Warren Makes War On Powell, And How 'Woke' SF Fed Chief Failed On SVB.
- 'Not QE' As Fed Trapped Between A 'Rock And A Hard Place'.
- Leftist Parents Flee Florida As Gender Treatments For Children Made Illegal.
- Mega-cap Tech is the new Safe Haven.
- 'Occupy Wall Street' Redux.
- The Comex Is In Far Worse Shape Than SVB If The Run On Physical Accelerates.
- "The New Normal": New York To Lower Math And English Proficiency Standards Due To Poor Test Result.
- FDIC Prepares To Break Up Silicon Valley Bank, Report Says.
- How The Fed's 2008 Mortgage Experiment Fueled Today's Housing Crisis.
- Florida Beaches Hit With Toxic 'Red Tide' As Giant Seaweed Blob Nears.
- GOP Headed For Showdown On Social Security And Medicare.
- Stoltenberg Vows Sweden 'Will Soon' Join NATO Despite Turkish Rejection.
- SBF, SVB...who is next?
- Oxfam 'Inclusivity' Guide Tells Staff To Avoid Using 'Offensive' Words Like 'Mother', 'People' and 'Headquarters'.
- Is The US Funding An Experiment In Digital Control In Ukraine?
- Watchdog Group Launches Investigation Into Biden’s 'Woke Army'.
- 'Conspiracy At Its Height': Fauci Responds To Message Saying He 'Prompted' Anti-Lab Leak Paper.
- FBI Is Now A 'Weaponized Apparatchik' Of The Presidential Administration: Whistleblower.
- Biden In Touch With Buffett On Bank Crisis.
- GOP Compromise Unintentionally Creates Universal Firearm Background Checks.
MarketWatch.com:
- Braced for Monday: Markets and investors on edge as UBS moves closer to reported $1 billion all-share deal for Credit Suisse.
- Banks under pressure: How to maximize your FDIC protection.
- Bitcoin surges past $28,000 after UBS deal to buy Credit Suisse.
NewsMax:
TheGatewayPundit.com:
- HUGE NEWS for Election Integrity! TWO MORE States Cut Ties with ERIC Voter Roll Systems – OHIO and IOWA Are Out!
- Senator Josh Hawley and Missouri AG Andrew Bailey Respond to Potential Malpractice Regarding Minors at The Washington University Transgender Center at St. Louis Children’s Hospital.
- Dollar Tree Stops Selling Eggs Because They Are Too Expensive Now.
- Biden’s Bailout of Silicon Valley Bank Saved Chinese Investors, Democrat Gavin Newsom, Buzzfeed, VOX and BLM.
- Minnesota Aims to Become Third State to Adopt Ranked Choice Voting to Favor the Left.
- 25-Year-Old NFL Player Announces Sudden Retirement from Football – ‘My Health Is Above Anything’.
- BIDEN ECONOMY: Ed Dowd Issues Dire Warning, “We’re at the End and It’s Imploding on Itself” (VIDEO).
- Silicon Valley Bank Was on Federal Reserve’s Radar For More Than a Year – Fed Reserve of San Francisco Issued Six Citations and Flagged Bank as Ticking Time Bomb.
- Horror: CBS Meteorologist Collapses on Live TV Broadcast (VIDEO).
- Mark Levin on Democrat DA’s Indictment of President Trump: “This Is Soft Tyranny – Their Goal is to Destroy Civil Society” (VIDEO).
- African Country Burundi Detects Polio Outbreak Linked to Polio Oral Vaccine – Vaccine-Induced Polio is Now More Prevalent than the Wild Type.
- Advice to Trump Supporters Considering Protesting His Expected Arrest Next Week, from an Experienced Conservative Street Activist.
- Calls Grow on the Left for Trump to Be Held Without Bail – For a Misdemeanor.
- Two-Tiered Justice System: FEC Fined Hillary Clinton For Lying About Funding of Fake Russia Dossier…Was Never Threatened with Cuffs.
The Epoch Times:
Twitter:
- @Mayhem4Markets - CTAs: from buyers to sellers. (graph)
- @songpinganq - China's massive facial-recognition camera networks were hailed as a benign aid to residents that would let them pay subway fares. And it’s being deployed to crush dissents. (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 943,911 Reports(+5,736 from prior week) Through March 10th, 2023.
SKirsch.com:
- Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.
Night Trading
- Asian indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 137.0 +2.0 basis points.
- China Sovereign CDS 76.0 unch.
- China Iron Ore Spot 129.50 USD/Metric Tonne -1.0%
- Bloomberg Emerging Markets Currency Index 47.2 +.02%.
- Bloomberg Global Risk-On/Risk Off Index 42.2 +.1%.
- Bloomberg US Financial Conditions Index -1.11 -15.0 basis points.
- Volatility Index(VIX) futures 25.3 -3.2%.
- Euro Stoxx 50 futures +1.1%.
- S&P 500 futures +.73%.
- NASDAQ 100 futures +.59%.
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