Today's Headlines
Bloomberg:
- G-7 Struggles to Win Over Swing Nations Courted by China, Russia.
- China’s $23 Trillion Local Debt Mess Is About to Get Worse.
- Missing Recovery Leaves China’s Metals Bears In Charge.
- ECB Has More Ground to Cover to Tame Inflation, Lagarde Says.
- US-China Relations Set to Improve ‘Very Shortly,’ Biden Says.
- Rigging of Libor During 2008 Crisis Was ‘State-Led,’ Times Says.
- Investors in Asia’s Worst-Performing Market on Edge After Poll.
- Stocks, Currencies in Tight Ranges Amid Debt Talks: Markets Wrap.
- Oil Steadies After Loss as US Debt Talks Take Center Stage.
- Biden, McCarthy to Meet Monday as Staff Debt Talks Resume.
- Traders Brace for Volatility With US Debt Deal Still Elusive.
- NYC’s Adams Calls on US to Direct Migrants Around the Country.
- SpaceX Launches Crew of Private Astronauts to Space Station.
Zero Hedge:
- Bill Gates 'Blackmailed' By Jeffrey Epstein Over Affair With Russian Bridge Player.
- Debt Ceiling Negotiations Crumble, McCarthy And Biden To Hold Sunday Call As Impasse Intensifies.
- Is Self-Defense Becoming Illegal?
- "Not Our Beliefs" - Bud Light Distributor Sends Out Public Plea to Bring Back Customers.
- First Sentiment Shift Of 2023: S&P Breakout Sparks FOMO Frenzy, Hedge Fund Buying.
- "Isolated Event" Again? All Voters Of New York County Falsely Identified As Democrats In Voter IDs.
- Gun Industry Writes To Congress As Imminent Ban Threatens 40 Million Firearms.
- The Five Stages Of Bank Failure Grief.
- The Truth About Randi Weingarten And The School Closures.
- GOP Pushes Back Against WHO Plans For 'Global Governance' On Emergencies.
- These Are The World's Top 50 Endowment Funds.
- "It's Criminal": Central Wisconsin Communities Unite To Stave Off Looming Wind Turbine Industry.
- Despite Denials, Experts Say Fentanyl-Laced Marijuana Is A Growing Problem.
- China Bans Micron As Supplier Over 'Major National Security Risk'.
- Weekend News Round Up - Newsquawk Asia-Pac Market Open.
- The End Game For The Debt Ceiling.
- Hartnett: AI = Universal Basic Income = Fed Yield Curve Control To Fund Bigger Deficits.
- The Durham Report Indicts The Deep State... And The Media.
- Signs of exuberance: we had a few but....
- TME Weekend: Lowest in 20 years.
- Pelosi Daughter Carts Failing Feinstein Around In Scheme To Hold Seat For Schiff.
- Supreme Court: IRS Can Obtain Bank Records Of 3rd Parties Not Under Investigation.
- Looking Back On The Sadism Of The COVID-19 Shaming Campaign.
- FDA Advisers Back Maternal RSV Vaccine As Pfizer Says Safety Concerns Can Be Studied Post-Approval.
- Biden Taunts Russia At G7 When Asked About "Colossal Risk" Of Escalation.
- Mike Wilson Cranks Up The Doom And Gloom To 11: "Our Model Now Projects A Much More Dire Outcome".
Wall Street Journal:
- Epstein Appeared to Threaten Bill Gates Over Microsoft Founder’s Affair.
- Bakhmut Largely Under Russian Control: Ukrainian General.
- Here’s What It Looks Like When Americans Retire Overseas.
- Elon Musk Is Right About George Soros—and Not Anti-Semitic. The Hungarian-born billionaire has done more than anyone to turn Americans against Israel.
- The Target of Runaway Theft. The CEO says thievery will cost the giant retailer $500 million.
- How America’s Largest Restaurant Franchisee Decides When to Raise Prices.
- Fed Official Is Open to Forgoing June Rate Hike.
CNBC:
- Biden and McCarthy to meet on Monday to try to avoid looming debt default.
- Monday is Ford’s chance to convince Wall Street skeptics of its EV plans.
MarketWatch.com:
- Americans are not paying off their credit-card debt. We should be concerned.
- After the pause: This is how borrowers are preparing for resumption of student-debt payments.
- Olive-oil prices hit record high on severe shortage.
- Most stocks end up losing you money. So what’s a stock-market investor to do?
NewsMax:
Fox News:
TheGatewayPundit.com:
- Robert Kennedy Jr. on Durham Report: “That Report Is Appalling – You Have 50 Top Level CIA Agents Who Agree to Collaborate in a Project to Fix Election”.
- “Of Course No One Will Blame Me!” – Joe Biden Blasts Peter Doocy on Debt Ceiling Talks and Looming Default (VIDEO).
- Jeffrey Epstein Allegedly Threatened Bill Gates Over 2010 Affair With Russian Bridge Player.
- Native American Man Killed By Border Patrol Shortly After Calling Border Patrol On Trespassing Migrants.
- Devin Nunes: Obama Knew… Obama Was Directly Involved – He Got All the Intelligence Agencies Involved in Trump-Russia Hoax But Knew It was a Lie Back in August 2016 (VIDEO)
- Beyoncé Labeling Venue Bathrooms as ‘Gender Neutral’ For ‘Renaissance’ World Tour.
- Target Under Fire for Selling Clothing Made By Creepy Satanic Transgender Designer That Promotes Drugs and Violence.
- America First Legal Launches Investigation into Microsoft Prioritizing Hiring H-1B Visa Holders Over American Workers.
- WATCH: Democrat Georgia Representative Blasts Her Own Party for Prioritizing Migrants Over Inner-City American Kids.
The Epoch Times:
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 961,352 Reports(+1,715 from prior week) Through May 12th, 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 126.75 -2.0 basis points
- China Sovereign CDS 68.25 -1.5 basis points.
- China Iron Ore Spot 102.9 USD/Metric Tonne -2.4%
- Bloomberg Emerging Markets Currency Index 47.1 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 58.3 +1.1%.
- Bloomberg US Financial Conditions Index -.08 -12.0 basis points.
- Volatility Index(VIX) futures 20.0 +1.9%.
- Euro Stoxx 50 futures -.02%.
- S&P 500 futures -.13%.
- NASDAQ 100 futures -.03%.
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