Evening Headlines
Bloomberg:
- China Warns US a ‘Dangerous Situation’ Forming Over Taiwan.
- Age of Scarcity Begins With $1.6 Trillion Hit to World Economy.
- Economists Cut China Growth Forecasts as Lockdowns Hit Economy.
- South Korea Producer Prices Accelerate as Central Bank Mulls Rate Hike.
- Mr. Yen Says Currency May Weaken to 150 Level Last Seen in 1990.
- Asia Stocks Set for Steady Start Amid Lower Dollar: Markets Wrap.
- Oil Heads for Fourth Weekly Gain on Outlook for Products.
- Demand From Kimchi to Diesel: Inflation Indicators From Around the World You Didn’t Know About.
- Fed to Plow Ahead on Half-Point Hikes, Undeterred by Stock Slump.
- If Tesla Isn’t Good Enough for an ESG Index, Then Who Is?
- Musk Says ESG ‘An Outrageous Scam’ After Tesla Index Exclusion.
- Fed’s George Says ‘Rough’ Market Won’t Alter Rate Hike Plan.
- Palm Oil’s Slump Set to Deepen After Indonesia Lifts Export Ban.
- Biden’s Student Loan Plan Is Personal for 30 Top Aides With Millions in Debt.
- ‘Hell No’: Finance Firms Tell Texas They Don’t Boycott Energy.
- High Inflation, Slowing Growth Raise Risk of Global Downturn.
- Treasury yields decline as investors move into safer investments.
- Kohl’s First-Quarter Sales Fell as Retailers Struggle With Inflation.
- Stock Market Is Top-Heavy, but Carnage Is Widespread.
- Why the Markets Are Falling So Much.
- The Baby Formula Shortage Was Made in Washington. The politicians tacitly admit that their policies are responsible.
- The Biden Era Is About Fear, Not Greed. Voters and investors signal their worry.
- More Subprime Borrowers Are Missing Loan Payments.
- Can Ukraine Win? Five Scenarios for the War’s Next Phase.
- Baby-Formula Shortage Leaves Families Desperate, Prompting WIC Program Revamp.
- Teen Babysitters Are Charging $30 an Hour Now, Because They Can.
- Gas Prices Hit New Highs Again With All 50 States Above $4 a Gallon.
Fox News:
CNBC.com:
- Palo Alto Networks stock jumps after company lifts full-year forecast.
- Stephen Roach delivers stagflation warning, calls peak inflation debate absurd.
- Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high.
- Existing home sales fell in April to the lowest level since the start of the pandemic.
Zero Hedge:
- "Utter Nonsense": Hawley Eviscerates Energy Secretary For Blaming Inflation On 'Putin Price Hike'.
- Ongoing Surrender "On Far Bigger Scale Than Kyiv Has Acknowledged" At Azovstal.
- Is The Global Debt Bubble About To Burst?
- Economic Optimism Has Collapsed Under Biden: Poll.
- Calls Emerge For China To Deploy Digital "Helicopter Money".
- Border Patrol Union Leader Warns Of "Complete Control" By Cartels Once 'Title 42' Ends.
- DOJ Antitrust Head Set To Heighten Scrutiny On PE Firms Rolling Up Entire Industries.
- Newsquawk Asia-Pac Market Open - US stocks declined in choppy trade.
- "This Should Set Off Alarm Bells Across All Industries": House Passes Fuel Price-Gouging Bill.
- Goldman Is Quietly Handing Out A "Recession Manual" To Clients.
- Newsquawk US Market Wrap: Risk fluctuates after Wednesday bloodbath while Dollar dives.
- Biden Unveils $100 Million More In Weapons To Ukraine Literally Moments After $40BN Approved.
- "My Patience Is Wearing Thin": Citadel's Ken Griffin Is At His Breaking Point With Chicago.
- Bitcoin, Bonds, & Bullion Jump As Dollar Dumps After Dismal Data.
TheGatewayPundit.com:
- WOW! Biden Regime Hires Michael Chertoff to Lead Disinformation Board – Previously Targeted Gateway Pundit and Breitbart – Another Hunter Biden Laptop Truther.
- NBC News: Hunter Biden Made $11 Million From 2013-2018 – Spent Millions on Luxury Hotels, Luxury Cars, Hookers and Drugs.
- 14 State Populations Were Miscounted in 2020 Census – Overcounting Heavily Favored Democrats.
- Oregon County Suing Voter Integrity Group To Stop Examination Of 2020 Ballots, Admits Systems Can Be Hacked!
- Local Wisconsin FOX Station Has Guts to Run Segment on “2000 Mules” — After National FOX News Channel Bans EVEN A MENTION of the Film (VIDEO).
- Swiss Billionaire Who Is Spending Tens of Millions on Democrat Campaigns Is Reportedly Not Even a US Citizen.
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 813,020 Reports(+2,363 from prior week) Through May 6th, 2022.
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 +.25% to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 132.0 +2.5 basis points.
- China Sovereign CDS 85.25 +.5 basis point.
- Bloomberg Emerging Markets Currency Index 52.0 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 3,843.0 -36.0 points.
- Volatility Index(VIX) futures 28.6 -2.3%.
- Euro Stoxx 50 futures +.8%.
- S&P 500 futures +.55%.
- NASDAQ 100 futures +.8%.
Earnings of Note
Company/Estimate
Before the Open:
- (BIG)/1.10
- (HIBB)/3.21
After the Close:
- None of note
Economic Releases
- None of note
Upcoming Splits
- None of note
Other Potential Market Movers
- The (TFX) investor day could also impact global trading today.
- 9:30 am - 4:00 pm EST
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