Evening Headlines

Bloomberg:

• Popular China Stock Trade Runs Into Geopolitical, Growth Risks.
• Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag.
• Erdogan Promises to Transfer Power Peacefully If He Loses Ballot.
• Fed’s Jefferson Says Core Inflation Progress ‘Discouraging’.
• The Fed’s Iron-Grip Over Wall Street Trading Is Finally Easing.
• Hedge Fund Trade With a History of Blowups Is Back Again.
• US Urges Recall of 67 Million Air Bag Parts in Safety Mess.
• Gas Drilling Collapses in US at Fastest Rate in Seven Years. 
• California’s Newsom Sees Budget Deficit Deepening to $32 Billion.
• Manhattan Drivers May Pay Congestion Tax as Soon as April 2024.
• Mom-and-Pop Landlords Struggle as Higher Rates and Regulations Bite.
• Lyft CEO Says Company ‘Open to Offers,’ But Not Pursuing a Sale.
• The Crypto Winter Cost True Believers More Than Their Money.
• US Bank Lending Retreated During Week of First Republic Failure.
• Soros Slashed Rivian Stake After 90% Drop From Peak, Exits Tesla.

Zero Hedge:

• There's A Greater-Than-50% Chance AI Wipes Out All Of Humanity By 2050, One Advisory Finds. 
• Pentagon Officials Acknowledge Uncertainty In Defending Against Hypersonic Missiles.
• Biden EPA Announces Toughest-Ever Rules For Power Plant Emissions.
• The Supreme Court Might Curb The 'Deep State' By Overruling The Chevron Case.
• California's Deficit Deepens To $32 Billion (14-Year-High)... And That's Before Reparations.
• The Voter Registration Machine Flipping The States Blue.
• Shaq Argues He Was Never Properly Served, Asks Judge To Throw Out FTX-Related Lawsuit Against Him.
• Why The Economic War Against Russia Has Failed.
• Anderson Cooper: 'You Have Every Right Never To Watch CNN Again' After Trump Town Hall.
• It's Official: Top NBCUni Ad Exec And World Economic Forum Taskforce Chair Is Twitter's New CEO.
• "It Scares Me To Death": More Ohio Families Turn To Food Banks Amid Cost-of-Living Crisis.
• US Bank Deposit Outflows Continue, Small Bank Loans Collapse.
• Stocks and Treasuries grind lower on stagflationary Michigan survey - Newsquawk US Market Wrap.
• Dollar Soars As Debt-Ceiling Doubts Monkeyhammer Markets.
• CTAs Are Now Selling.
• Court Blocks Biden Admin Policy Of Releasing Illegal Immigrants Into US Without Court Dates, As Title 42 Expires.
• Liquidity, downside convexity and hot short volatility sellers.

Wall Street Journal:

• U.S. Risks Breaching Debt Ceiling in First Weeks of June.
• The Navy SEAL Who Went to Ukraine Because He Couldn’t Stop Fighting.
• Charging Daniel Penny, the Subway Samaritan. The 24-year-old veteran faces a second-degree manslaughter charge after he intervened to subdue a mentally ill man behaving erratically.
• Automotive Tech Billionaire to Acquire Majority Stake in Forbes.
• The TV Ad Market Was Already Looking Bleak. Then the Writers’ Strike Happened. 

CNBC:

• U.S. can avoid default in July if Treasury can make it through cash crunch: CBO.
• Alzheimer’s treatment Leqembi could cost Medicare up to $5 billion per year, study estimates.
• U.S. aims to turn middle-American cities into new tech hubs with $500 million investment.
• Why the U.S. government, the country’s largest employer, wants to ban the salary history question.
• Goldman Sachs created an A.I.-powered social media startup for corporate use.
• Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard.

MarketWatch.com:

• The S&P 500 is top-heavy with tech. Here’s what that says about future stock-market returns.

NewsMax:

• Uncertainty, Disarray Cloud Biden Border Policy
• Gov. Abbott to Newsmax: Texas Deploys More Forces to Border.
• Enes Freedom: 'Do Not Apologize' to China.

Fox News:

• White House rages after federal judge's move on release of migrants without court dates.
• Newsom announces $32 billion deficit, $10 billion more than previously estimated.

TheGatewayPundit.com:

• “I Would Shoot Him” – Radical Leftist Group with Ties to Elected Virginia Democrats Threatens Parents for Bravely Objecting to School Board’s Marxist Agenda (VIDEO).
• ERIC Voter Registration Non-Profit Loses 25% of Members. Virginia Now Out! – Gutless NPR Blames Gateway Pundit with Their Typical Smears and Lies.
• Robert Kennedy, Jr. Bravely Points Out the Connection Between SSRI Antidepressant Use and Mass Shootings – Something Trump Also Touched On in His CNN Town Hall (VIDEO).
• MUST READ: The Anatomy of a Boondoggle – The Green New Deal vs. Family Farms.
• Chicago Residents Who Voted for Biden in 2020 Outraged Over Plan to Release Illegal Immigrants Into Their Community.
• Karine Jean-Pierre Claims Mass Releases of Illegals Aren’t Happening – Here is Video Proof She is Lying.
• “RIP Twitter” Tops Twitter’s Trending List After Elon Musk Appoints WEF Executive Chair as New CEO.
• WAYNE ROOT: Open Border Catastrophe is the Cloward-Piven Plan to Destroy America That I Learned at Columbia University – Alongside My Classmate Barack Obama.
• Major American Retailer Puts Wokeness on Full Display: Pride Books for Kids, Rainbow Items for Babies.
• Union President Urges Teachers to Erase and Hide Their Social Media History.
• Republican Ohio Lawmakers Advance Bill Banning Biological Men From Girls’ and Women’s Sports.

The Epoch Times: 

• 3 in 4 Canadians Hold Negative View of China: Survey.
• Federal Agents Raid Two US Facilities of China’s Jinko Solar.
• Basketball Player Dwight Howard Apologizes to China for Referring to Taiwan as a Country.

Twitter:

• @Risemelbourne - Blackrock CEO Larry Fink...."Behaviours are going to have to change, You have to 𝙁𝙤𝙧𝙘𝙚 𝘽𝙚𝙝𝙖𝙫𝙞𝙤𝙪𝙧𝙨 and at Blackrock we are 𝙁𝙤𝙧𝙘𝙞𝙣𝙜 𝘽𝙚𝙝𝙖𝙫𝙞𝙤𝙪𝙧𝙨....
• @TPostMilliennial - A growing encampment of migrants in Matamoros, Mexico—across from Brownsville, Texas—as Title 42 is set to expire. (video) Migrants in Brownsville, Texas, open packets from DHS and use government-issued cell phones after processing. Some of their court dates reportedly won't be until 2027. (video)
• @ImMeme0 - Meet Linda Yaccarino, the new CEO of Twitter. In 2020 interview, Yaccarino praised Jeff Shell and Brian Roberts, her bosses for taking the right steps to “fight social justice and equality”. (video) A bit more on Yaccarino… (video)
• @amuse - Biden’s border… El Paso… (video)
• @TexasLindsay - BREAKING: The New Female Twitter CEO @elonmusk is reportedly talking to is Linda Yaccarino, who according to LinkedIn is currently the Executive Chair for the World Economic Forum—and was Chairman of Advertising at NBC Universal.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 957,953 Reports(+2,601 from prior week) Through April 28th, 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.