Evening Headlines
Bloomberg:
- Ukraine Faces More Brutal Form of War as Russia Regroups.
- Ukraine War Bonds That Pay 11% Are a Risky Bet Investors Want to Buy.
- U.S. to Bar Russia Flights; United Reroutes Jets: Ukraine Update.
- Whether They Back War or Not, Russian Billionaires Hit by EU.
- Australia’s Economy Rebounds on Consumer Spending Bonanza.
- U.K. Consumers Told to Brace for Further Price Increases.
- Most Asian Stocks Fall as Oil’s Surge Dims Outlook: Markets Wrap.
- Oil Pushes Higher Before OPEC+ Meeting as IEA Warns of Crisis.
- OPEC Output Rose Last Month Amid Recovery in Embattled Libya.
- Commodities Jump Most Since 2009 as Ukraine War Threatens Supply.
- Hackers Stole Nvidia Data, Posted It Online.
- U.S. Beef Prices Are Set to Rise Further as Ranchers’ Costs Soar.
- Alcoa CEO Affirms Promise of No New Aluminum Smelters.
- Growth Angst Shakes Markets Already Obsessed With Inflation Risk.
Wall Street Journal:
- Russia Targets Ukrainian Civilian Areas in Tactical Shift.
- Live Updates.
- Russia Scrambles to Maintain Oil Sales, Lifeblood of Economy.
- Food Shortages, Last Goodbyes: Ukrainians Face Their New Reality.
- U.S. Says It Is Realigning Its China Trade Policy.
- Car Dealerships Don’t Want Your Cash—They Want to Give You a Loan.
- The Teen Who Tracks Musk’s Plane Is Now Monitoring Russian Oligarchs, Putin.
- A Lesson in Energy Masochism. Here’s how Europe made itself vulnerable to Putin’s gas blackmail.
- Jonesing to Give Up Russian Oil. Hawaii imports Moscow crude, and the Jones Act is one bad reason why.
Fox News:
- Massive Russian convoy spotted outside Kyiv as Ukraine and Russia continue battling for sixth day.
- Jill Biden's State of the Union guest supports critical race theory.
CNBC.com:
- Nordstrom stock spikes 35% as retailer makes key strides in its off-price Rack business, issues strong guidance.
- Salesforce reports better-than-expected earnings and revenue, issues upbeat guidance.
- MLB cancels Opening Day and some regular-season games after owners fail to reach deal with players.
- Target thinks it can keep growing sales — here’s how the retailer plans to do it.
- With inflation and Ukraine, Powell must thread a needle on Capitol Hill this week to calm markets.
- First Solar shares sink after revenue miss, disappointing guidance.
- Fiona Hill warns Putin would use nuclear weapons: ‘If he has an instrument, he wants to use it’.
- Rivian raises EV prices, citing inflation, supply-chain problems.
- Mastercard says about 4% of its revenue was related to Russia in 2021.
- Exxon Mobil to exit major Russian venture, will not invest in new developments.
Zero Hedge:
- "Game Over?" - Russia To Be In Technical Default Within Hours.
- "The Market Is Starting To Fail": Buyers Balk At Russian Oil Purchases Despite Record Discounts, Sanction Carve Outs.
- Is COVID Policy Comedy, Tragedy, Or Both?
- Apple, Ford Lead Latest Round Of US Companies Cutting Russia Ties.
- Ukraine's 2nd Largest City Pummeled Under Russian Strikes As Calls For Western Intervention Grow.
- The Real State Of The Union.
- New Yorkers Lash Out At ConEdison Over Soaring Electricity Bills.
- Summers: Biden Needs To Pivot From COVID, Prepare America For 'Struggle Ahead'.
- GM Sold Their 7.5 Million Share Stake In Lordstown Motors In Q4.
- "We May Have To Supply Europe": Lawmakers Pressure Biden To Halt Russian Oil Imports, Boost Production.
- Tanker Rates On Russian Crude Route Soars Nine-fold In Three Days.
- WTI Extends Gains After Huge Surprise Crude Draw.
- Panic Tuesday - vol explosions, evaporated liquidity and VaR shocks.
- Stocks Slammed As Bonds, Bitcoin, Bullion, & Black Gold Soar.
Newsmax:
TheGatewayPundit.com:
- “No One Is Going to Break Us. We’re Strong. We’re Ukrainians” – Ukrainian President Zelensky Receives Standing Ovation After Addressing the European Union from Kiev (VIDEO).
- BREAKING: Wisconsin Special Counsel Michael Gableman Calls for Decertification of Wisconsin 2020 Election Results (VIDEO).
- Pelosi Claims Americans Have a Low Opinion of Joe Biden Because They are Ignorant (VIDEO)
- St. Louis Welcomes US Trucker Convoy on Way to Indianapolis – Huge Crowds at Overpasses.
- BODY CAM FOOTAGE: Dominion Executive Eric Coomer Cuffed and Arrested in Colorado – Video Appears to Show He Drove Truck into Bar, Fled the Scene and Lied to Police.
- Facebook’s Zuckerberg’s Election Money Violated Bribery Laws – Former Wisconsin Supreme Court Justice Shares from His Investigation of 2020 Election.
- BOOM! Wisconsin Special Counsel Implicates Obama Campaign Manager David Plouffe and ERIC’s David Becker in Wisconsin Election Fraud Investigation.
- Too Bad for Ukraine — Joe Biden Left $84 Billion in US Arms to Taliban Terrorists in Afghanistan During Surrender — Only a Few Million for Zelensky.
- EXPLOSIVE: Justice Gableman Reveals MASSIVE Voter Fraud in Wisconsin Nursing Homes — 100% Turnout in Zuckerberg-Funded Wisconsin Cities! – SHOCKING VIDEO.
- Steve Cortes: “Chance of Nuclear Episode Higher than Any Time since Cuban Missile Crisis – We Have Dropped a Financial Dirty Bomb on the Russian People” (VIDEO).
The Epoch Times:
Twitter:
- @aginnt - The US Freedom Convoy. (video)
- @zerohedge - "They Actually Want Russia To Invade" - Beijing Slams Biden For Allegedly Provoking Putin. These Are The Global Banks With The Largest Exposures To Russian Sanctions.
- @StateOfUkraine - As a result of shelling of Kharkiv, #Ukraine city where Russians expected an easy victory due to support from the population, dozens civilians were injured, inc. a woman's leg was torn off, at least 11 died. #Russia is successfully destroying any pro-Russian sentiment in Ukraine. (video)
- @JohnnyMercerUK - No expert, but the invasion doesn’t seem to be going particularly well. Ukrainian tractor steals Russian APC today. (video)
- @MerissaHansen17 - This is extremely alarming.
- @The_Real_Fly - SCENE IN UKRAINE. (video) NOT A MOVIE — SCENE IN UKRAINE. (video)
GETTR:
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 767,082 Reports(+6,981 from prior week) Through February 18th, 2021.
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.
Covid-19(Data, Maps, Graphs):
- Our World in Data: New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
- FT.com: Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
- Bloomberg.com: International Travel Restrictions. Case Graphs by State.
- NYTimes.com: County Trends and Clusters. Local ICU Occupancy.
- Brown School of Public Health: Covid Severity by State/County(map). US Hospital Capacity(region).
- CovidActNow: Covid Severity/Infection Rate by Metro Area.
- KFF: US Vaccinations by Race/Ethnicity.
- Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits. Restaurant Visits. Wearing Masks. (graphs)
- Safegraph.com: Commerce Patterns(graphs).
Night Trading
Morning Preview Links
Earnings of Note
Company/Estimate
- Asian equity indices are -.75% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 111.25 +1.0 basis point.
- China Sovereign CDS 61.5 -1.25 basis points.
- Bloomberg Emerging Markets Currency Index 52.18 -.09%.
- Bloomberg Global Risk-On/Risk Off Index 2,410.0 +68.0 points.
- Volatility Index(VIX) futures 30.2 -1.6%.
- Euro Stoxx 50 futures +.09%.
- S&P 500 futures +.34%.
- NASDAQ 100 futures +.31%.
Earnings of Note
Company/Estimate
Before the Open:
- (ANF)/1.27
- (DLTR)/1.77
- (DCI)/.62
- (DY)/-.09
- (KFY)/1.48
- (PDCO)/.50
After the Close:
- (AEO)/.35
- (PLAN)/-.10
- (BOX)/.23
- (AI)/-.26
- (CHPT)/.16
- (OKTA)/-.24
- (SPLK)/-.20
- (VSCO)/2.63
Economic Releases
8:15 am EST
- The ADP Employment Change for Feb. is estimated to rise to 375K versus -301K in Jan.
2:00 pm EST
- US Fed Beige Book release.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Powell testifying to House, German retail sales report, weekly MBA Mortgage Applications report, BofA Ag/Materials Conference, (C) investor day and the (XOM) investor day could also impact global trading today.
- 9:30 am - 4:00 pm EST