Today's Headlines
Bloomberg:
- Positive U.S. Real Yields Add to Toxic Emerging-Market Cocktail.
- Europe Risks Rationing If Putin Cuts Off Russian Gas Supply.
- Turkey Closes Airspace to Russian Jets Flying to Syria’s War.
- Hedge Fund Cuts China Stocks to Zero Seeing Worse Year Than 2008.
- Blinken, Austin Meet Zelenskiy in Top Show of Solidarity.
- Ukraine Needs Nations to Follow Up on Aid to Fill $5 Billion Gap.
- Some Chinese State Banks to Cut Deposit Rates Monday: Reuters.
- Libya Says Armed Clashes at Key Oil Port Damaged Storage Tanks.
- Chinese Naval Base in Solomons a ‘Red Line,’ Australian PM Says.
- Lagarde Says Europe, U.S. Face ‘Different Beast’ With Inflation.
- Swiss Rebuff German Requests to Send Tank Ammunition to Ukraine.
- Ukraine Latest: Air Raid Sirens Heard Across Most of Country.
- Macron Set to Clinch Second Term in France, Defeating Le Pen.
- 2022 French Election Second Round Live Results.
- Stocks in Asia, U.S. Futures Slide; Euro Climbs: Markets Wrap.
- Oil Extends Losses as China Lockdowns Imperil Demand Outlook.
- Warren Warns Dems Risk Losing Power Without Inflation Action.
- Foxconn’s Key iPhone Plant Operating in Locked-Down China Region.
- The iPhone 14 Is Less Than Six Months Away; Here’s What to Expect.
- U.S. and Euro-Area GDP Data to Show First War Effects: Eco Week.
- Silicon Motion Is Said to Explore Sale Amid Takeover Interest.
Wall Street Journal:
- Workers Are Changing Jobs, Raking In Big Raises—and Keeping Inflation High.
- Yen’s Drop Raises Prospect of Broader Market Trouble.
- Latest Updates From the War.
- U.S. Withholds Sanctions on a Very Close Putin Associate: His Alleged Girlfriend.
- Fed Wants to Raise Rates Quickly, but May Not Know Where to Stop.
- War Could Have Environmental Impact Lasting Decades.
- Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts Income.
- Apple Store Workers Seek to Unionize, Following Efforts at Amazon, Starbucks.
- No Stranger to Failure, Founder of Sunac China Fights to Save His Property Empire.
- Cathie Wood’s Flagship Fund Is Down 45% This Year. Money Is Still Flowing In.
Barron's:
- Had bullish commentary on (C), (HPQ), (NVDA), (AAPL), (MSFT), (RTX), (TMUS), (TSM), (ON), (AVGO), (OUT) and (XOM).
- European country comes out against EU membership for Ukraine.
- Warren warns Dems may be in for a bloodbath in November for one reason.
- Rev. Franklin Graham takes strong stance against 'Disney's moral failure'.
- Sheriff in Dem-run city blasts soaring homelessness, crime — reveals how to make city 'livable again'.
- Joe's team 'trying to conceal' who he's met with, investigative journalist says.
CNBC:
- Netflix is finally going after password sharing. Here’s how it’s likely to work.
- Movie theater owners are optimistic about ticket sales before key summer season.
- Ukraine to press senior U.S. officials for more weapons during Kyiv visit as Russian invasion enters third month.
- Top Wall Street analysts like these stocks for long-term upside.
Zero Hedge:
- Macron Re-Elected French President; Le Pen Concedes Defeat.
- "The Biggest Story No-One Is Talking About": Why Albert Edwards Expects "Something In The Market Is About To Snap".
- Global Shipping Update: China Is About To Wreck Your Summer.
- Melvin Capital Kills "Tone Deaf" Plan To End High Water Mark After "Candid Response" From Investors.
- Hedge Fund CIO: There's A Growing Consensus The Fed Will Keep Going Until The Market Breaks.
- Newsquawk Asia-Pac Market Open - Weekend news roundup.
- Morgan Stanley: We Are Rethinking Our Preferences In The Credit Markets.
- Shanghai Reports Record COVID Deaths As Lockdown Drags On.
- Twitter Board "More Receptive To A Deal", Meeting With Musk Today As It Re-Examines Bid.
- Small Towns Drew Most New Pandemic Residents.
- Why Gavin Newsom Is Creating A Water & Energy Disaster.
- El-Erian Warns 'Global Growth Engines Are Sputtering'.
- "A Magnet For Conspiracy Theories": Wikipedia Kills Entry For Hunter Biden's Investment Company.
- Tchir: The Not-So-Good, The Bad, & The Ugly.
- As France Votes For President, Wall Street Warns Le Pen Upset Would Be Bigger Shock Than Brexit.
- Putin Has 'Lost Interest' In Diplomacy.
- How Vulnerable Is The Equity Market? Fed's Soft Landing Doesn't Rule Out Hard Landing For Stocks.
- Germany Borrows Another 40 Billion Euros To Cushion Fallout From War In Ukraine.
- US To "Respond Accordingly" If Solomon Islands-China Pact Permits Military Base.
- UK's Largest Supermarket Begins Rationing Cooking Oil Amid Supply Disruption.
- My Energy Is Your Problem - The Birth Of A New Europe.
- Elon Musk Rebuffs Bill Gates' Philanthropy Request, Compares Photo Of Gates To "Pregnant Man" Emoji.
- "I'm So Bearish, Even I'm Miserable": One Bank's Clients Crack... Yet The Real Selling Is Only Just Starting.
- Satellite Maps Expose Shanghai's Supply Chain Standstill.
- "Will Be Like Home But Faster" - Starlink Inks First In-Flight WiFi Deal With Carrier.
- Was Ivermectin Unfairly Torpedoed As Treatment For COVID-19?
- Russian Airlines Told To Prepare For World Without GPS.
- Destroying Democracy To Save It? Court Advances Effort To Block GOP Candidates From Ballots.
- FBI Warns of Targeted Cyber Attacks On Food Plants After Mysterious Rash Of Fires.
- Feeding LA's Homeless Industrial Complex.
- Taking Away Special Treatment For Woke Corporations Is Not "Authoritarian".
- Putin To Test Nuclear Missile Capable Of Striking US By Autumn.
- Economically-Free States Are Recovering Rapidly. High-Control States, Not So Much...
- Showdown Looms Over Vacated Mask Mandate.
- Biden Approval Is Plunging The Most With Younger Americans.
MarketWatch.com:
- What’s next for the stock market as investors come to grips with Fed’s ‘peak hawkishness’.
- Netflix is the S&P 500’s worst performer this week — here are the next 14.
- Weekend reads: How to position your investments before the Federal Reserve causes a bear market.
- Investors just pulled a massive $17.5 billion out of global equities. They’re just getting started, says Bank of America.
NewsMax:
TheGatewayPundit.com:
- THE BIG LIE: The Most Obvious Reason the 2020 Election Was Stolen – Democrats Attack, Block and Threaten to Sue All Efforts to Uncover Election Fraud.
- More Than 20 States Have Joined Lawsuit Over Biden’s Mishandling Of Southern Border.
- UPDATE: Missing National Guard Soldier Identified – Specialist Bishop Evans Was Trying to Rescue Two Drug Traffickers When He Drowned in Rio Grande.
- Chechen Warlord and His Forces Declare ‘Victory’ in Mariupol and Shout ‘Allahu Akhbar’ (VIDEO).
- More Revealed on Chinese Officials and Chinese Businessmen Visiting Obama’s White House.
- BREAKING: SECOND EXCLUSIVE TRAILER Released for “2000 Mules” — Shows How the 2020 Election Was RIGGED AND STOLEN — VIDEO.
- Another Night in Chicago – 300 Youth Converge on the Loop and Millennium Park – Brawls Break Out, Cars Targeted, More Than a Dozen Detained – Four Sent to Hospitals.
- Former DNI John Ratcliffe: Trump-Russia Collusion Hoax a “Conspiracy” – Entire Perkins Coie Law Firm “Could Be Subject to Indictment” (VIDEO).
- What’s Going On?… FBI Warns of Cyber Attacks on Food Plants Following Mysterious Rash of Fires.
- “Despite Worsening Inflation, Democrats Still Cannot Kick Their Addiction to Deficit Spending” – Rep. Ralph Norman on Biden’s Soaring Inflation.
- “SECRET Gender Transition Closets,” Where Young Children Can “Trans” Without Their Parents’ Knowledge, Are Popping Up At Schools Across the Country.
- WATCH: Tucker SHREDS Obama Following Thursday’s ‘Disinformation’ Speech: “He’s a Full-Blown Fascist Who Hates You”.
The Epoch Times:
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 807,241 Reports(+4,073 from prior week) Through April 15th, 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).
- COVID Money Tracker. Tracking the Covid response.
Night Trading
- Asian indices are -2.0% to -1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 116.0 +2.75 basis points.
- China Sovereign CDS 73.75 +1.25 basis points.
- Bloomberg Emerging Markets Currency Index 52.92 -.13%.
- Bloomberg Global Risk-On/Risk Off Index 4,310.0 -304 points.
- Volatility Index(VIX) futures 28.30 +1.12%.
- Euro Stoxx 50 futures -1.06%.
- S&P 500 futures -.49%.
- NASDAQ 100 futures -.54%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- (ATVI)/.70
- (KO)/.58
- (OTIS)/.74
- (PHG)/.15
- (LII)/2.08
After the Close:
- (BRO)/.75
- (CALX)/.20
- (CR)/1.68
- (CCK)/1.82
- (PKG)/2.52
- (PEP)/1.23
- (SBAC)/2.49
- (UHS)/2.47
- (WHR)/4.79
- (ZION)/1.14
Economic Releases
8:30 am EST
- The Chicago Fed National Activity Index for March.
10:30 am EST
- Dallas Fed Manufacturing Activity for April is estimated to fall to 4.5 versus 8.7 in March.
Upcoming Splits
- None of note
- The German IFO Guidance and the (HPE) fireside chat with Stifel could also impact trading today.
- 9:30 am - 4:00 pm EST
