Update (1335ET): As expected, Trump used this afternoon's press briefing to introduce the White House's new "Vaccine Czar", a former GSK executive who claims we can have a working vaccine and mass produce 300 million doses by the end of the year, a target that has been almost universally panned as unworkable.
from Dr. Tedros - the WHO director general said the world must be "alert" to the new syndrome impacting children - Cuomo offered an update for his state (one of the few areas where the syndrome has surfaced).
NEW YORK GOVERNOR CUOMO SAYS HE BELIEVES RARE INFLAMMATORY SYNDROME LINKED TO COVID-19 THAT IS IMPACTING CHILDREN WILL BE 'MUCH MORE WIDESPREAD THAN ANYONE THINKS'
And ICYMI :
DOD Awards $138 Million Contract, Enabling Prefilled Syringes for Future COVID-19 Vaccine
the Fed unveiled that in the coming week it would purchase "only" $6BN per day, or a total of $30BN for the week.
the Fed will also taper its MBS buying from $5 billion to $4.5 billion on average in MBS per day next week:
dc CB 23:29:29 GMT - 05/15/2020
“The reality is [Fauci] is scared the crap out of Americans,” House Freedom Caucus Chairman Andy Biggs, R-AZ, said. “That’s what he’s done. And with his co-folks in the left wing media, they’ve scared people. You’ve got businesses that are afraid to open. They’re scared to death to open because someone is going to get sick or they get sick. He has scared people who have children and he is gone back and forth. I mean now you don’t wear a mask, people look at you. But it was just a month ago, when they were saying don’t wear a mask because that’s the perfect way to get sick, if you wear a mask. You don’t wear a mask if you are sick. So now this is gone to everybody supposed to wear a mask. Fauci has relied on bad models.”
PAR20:26:18 GMT - 05/15/2020
Israel MacroMicro 19:52:33 GMT - 05/15/2020
in a world that currently values bitcoin market at $250 billions, I don't think that my opinion matters
Mtl JP 19:07:34 GMT - 05/15/2020
MacroMicro what do u think:
Bank of America on the new world order: Bigger governments, tech wars, less privacy, and ‘health the new wealth’
The White House
Recent data "made me feel even more confident" that a vaccine will be available by the end of 2020, Dr. Moncef Slaoui says.
I guess only if "fast-track" permission-approved.
Mtl JP 18:10:49 GMT - 05/15/2020
2855 = Res but ...
stocks naysayers continue getting their nutz ripped
Mtl JP 18:03:45 GMT - 05/15/2020
Federal Reserve Chairman Jerome Powell will appear on CBS' "60 Minutes" program on Sunday at 7 p.m. Eastern, the network announced.
This is Powell's second appearance on the news program. Powell spoke with Scott Pelley and discussed the tactics employed by the central bank to offset the pandemic's economic effects and the additional measures it could still take, the network said.
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil dropped by 34 to 258 this week. The oil-rig count has now fallen for nine weeks in a row, implying upcoming declines in domestic crude output. The total active U.S. rig count, meanwhile, also fell by 35 to 339, according to Baker Hughes. June West Texas Intermediate crude was up $1.72, or 6.2%, at $29.28 a barrel. It was trading at $29.22 before the oil-rig data.
Mtl JP 17:14:48 GMT - 05/15/2020
IF puppy should chew thru 1.0790 Sup
next trgt below that would be 1.0775
S&P 2847 = 2x top, currently testing
Mtl JP 17:07:31 GMT - 05/15/2020
President Trump yakking ...
lagarde yakking ...
justin trudeau today started to ever-so lightly rein in his gov't's generosity expressing preference for 75% wage subsidy (means peasant HAS to be on the job) vs the outright upto 4x $2k/month "pension" compensation
Option expiration. Trump's timing could not have been better.
Mtl JP 15:06:02 GMT - 05/15/2020
maybe euro tries to touch 1.0790 Sup
Mtl JP 15:03:35 GMT - 05/15/2020
and suddenly stocks go woooshhhh...
Mtl JP 12:26:46 GMT - 05/15/2020
(Bloomberg) - Japan Banks See Bad-Loan Costs at Decade-High $10 Billion
feebly excusing bad risk managers' judgement ?
pic: for those reveling in ccies volatility
Mtl JP 12:12:58 GMT - 05/15/2020
US 10-yr: 0.60% -0.02
Mtl JP 12:09:01 GMT - 05/15/2020
S&P500 some chart price points
Mtl JP 11:54:44 GMT - 05/15/2020
now admiting lacking imagination and still defiant, still arrogant, painting themselves into a corner from which a face-saving compromise getting increasingly difficult:
Hu Xijin 胡锡进
Based on what I know, if the US further blocks key technology supply to Huawei, China will activate the "unreliable entity list", restrict or investigate US companies such as Qualcomm, Cisco and Apple, and suspend the purchase of Boeing airplanes.
Hu Xijin 胡锡进
This president once suggested COVID-19 patients inject disinfectants to kill the virus. Remember this and you won't be surprised when he said he could cut off the whole relationship with China. All I can say is he is beyond my imagination for a normal president.
Mtl JP 11:39:11 GMT - 05/15/2020
Chatter US-China confrontation will be a risk for stox.
yesty msm reported that "White House preparing executive order requiring certain essential drugs be made in US".
Maybe it is just a precursor for US industry to bring back not just drug manufacturing but all kinds of goods inventing, innovating and manufacturing - and in time adopt similar tactical advantage to that of Monsanto's one-time germination seed control.
AT Trader john 11:17:16 GMT - 05/15/2020
looking like risk-off early in NY
Chatter US-China confrontation will be a risk for stox.
President Trump's admin has already floated the idea of negating the Treasuries that China holds. Raises the Qtn if Chinese companies would be given the order (wherewithal ?) to not pay the US$ debts that they owe...
In either case, the global legal system won't be able to handle it. Or enforce judgements.
That would highly likely really destroy all meaningful trade relationships - not just between US and China.
In a way, that would just lay bare the BS that the global financial system is right now:
lots of fictitious money conjured out of thin air to support crazy valuations, really just make believe digital chits.
Now ... how bad would "what is money" reset be ?
Mtl JP 10:48:13 GMT - 05/15/2020
Heading into NY session
- BEIJING--China's industrial production rebounded in April thanks to the government's push for work resumption, but investment and consumption continued to fall from a year earlier amid sluggish domestic demand.
China's industrial output rose 3.9% in April from a year earlier, improving from a 1.1% fall in March, the National Bureau of Statistics said Friday. The reading beat a 1.0% increase forecast by economists polled by The Wall Street Journal.
- German gross domestic product shrank by 2.2%
Asians closed mixed, almost as if losers balanced out winners.
European are currently sitting uP between 1.25-1.83%
US looking to a slight nega-opening, some -0.3% vs yesty closes
Gols is uP practically negligibly by 0.06%
WTI at 28.00 up 1.60%
White House would likely support a new round of stimulus checks, sources say
- The White House would likely support a new round of stimulus checks, sources told CNBC on Thursday.
- The House is set to vote on a $3 trillion stimulus bill on Friday to blunt the coronavirus pandemic’s devastating effects on the economy and health-care system.
Mtl JP 01:45:01 GMT - 05/15/2020
plz tell me something new
"The V-shaped recovery is off the table," Kashkari on Thursday
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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