Newsgeeker.com news site RSS Email Alerts

Welcome to NewsGeeker.com!

NewsGeeker collects the newest entries from news feeds in major categories, and displays them for you in an easy-to-use format. Feeds are automatically updated every few hours, so you'll always be sure of seeing the very latest content in each category. Use our Search page to find older feeds by keyword or phrase.

All


[World] UN Rights Council Finds Soleimani Assassination Violated UN Charter Published:7/7/2020 1:37:42 PM
[] Holy CRAP this thread --> City of Seattle's newest training for white city employees ONLY is well ... pretty damn RACIST Published:7/7/2020 1:37:42 PM
[World] BOOK REVIEW: 'Countdown 1945'

Before there were baby boomers there were baby bombers. I was one of them, the cohort of kids who came along just as World War II was ending and the Nuclear Age was beginning. We were the first Americans born in the shadow of a mushroom cloud and raised to ... Published:7/7/2020 1:37:41 PM

[Politics] Marcellus Wiley drops a TRUTH bomb on his critics trying to shame him over BLM criticism Last night Tucker Carlson played Marcellus Wiley’s criticism of Black Lives Matter, which we originally posted here. Apparently one of his critics thought they’d shame him by telling him he’s being used . . . Published:7/7/2020 1:37:41 PM
[Politics] Marcellus Wiley drops a TRUTH bomb on his critics trying to shame him over BLM criticism Last night Tucker Carlson played Marcellus Wiley’s criticism of Black Lives Matter, which we originally posted here. Apparently one of his critics thought they’d shame him by telling him he’s being used . . . Published:7/7/2020 1:37:41 PM
[Politics] Trump Withdraws US From World Health Organization President Donald Trump has informed Congress that he has officially withdrawn the Untied States from the World Health Organization, Sen. Bob Menendez said Tuesday." Published:7/7/2020 1:37:41 PM
[Markets] Alibaba Stock Has Been on the Rise. It’s ‘a Great Buy at Current Levels.’ Alibaba sits comfortably amid technology trends, because it isn’t only a huge online retailer, it is a big player in the cloud space. Published:7/7/2020 1:37:41 PM
[Markets] 153 "Left-Leaning" Economists Say US Should Continue To Hand Out Free Money Indefinitely 153 "Left-Leaning" Economists Say US Should Continue To Hand Out Free Money Indefinitely Tyler Durden Tue, 07/07/2020 - 14:34

Once the money helicopter takes off, it can never again land. It's also why once a country is on the road to socialist utopia, also known as Venezuela or CHOP, and "free money for everyone" has been unleashed, there usually are no detours until financial ruin for everyone is finally achieved.

And while the road to hell may or may not be paved with good intentions, it certainly is lined with Magic Money Trees, and all around them are clueless socialist Keynesian economists who fail to grasp (or perhaps grasp all too well) that the current situation is no longer fixable, and their only policy recommendation is to do even more of what led the world to the edge of financial ruin.

According to Reuters, a group of 153 "left-leaning" economists have signed a letter calling on US policymakers to keep providing direct cash payments to Americans until the economy is stronger. And since the economy will never get stronger as long as tens of millions receive hundreds of dollars in government checks, listening to these clueless morons is the surest way to achieve Putin's and Xi's vision of destroying America from within, without ever firing a shot.

The group of "mostly left-leaning" economists said in an open letter organized by the Economic Security Project and The Justice Collaborative that direct cash payments can improve financial security, boost consumer spending and may speed up the recovery. Of course, direct cash payments tend to achieve just the opposite, but let's not bother the "left-leaning" economists with such trivial as reality and facts.

“The first round of economic impact payments were a lifeline that helped some get by for a few weeks,” the economists wrote. "Even after businesses start to re-open and jobs begin to come back, there will be significant economic fallout, and demand will continue to lag if people don’t have money to spend."

The letter was signed by 153 economists who have directly or indirectly contributed to the economic collapse of the United States, including Jason Furman, who chaired the Council of Economic Advisers during the Obama Administration; Claudia Sahm, a former Fed economist; Darrick Hamilton from the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University; and Indivar Dutta-Gupta, co-executive director at the Georgetown Center on Poverty and Inequality.

Naturally, some of the signatories are advising the campaign of presumptive Democratic presidential nominee Joe Biden according to Reuters.

Why now? Because the $600 supplement Congress added to weekly unemployment benefits - which has demotivated millions of Americans from seeking a job as they instead take more money home thanks to government welfare - are set to expire at the end of the month, leaving jobless Americans at risk of facing a cash cliff while jobs are still scarce.

Congressional lawmakers are on a two-week recess and will face pressure to make decisions when they reconvene in late July. And since money is now literally being printed and then immediately used to plug the record US budget deficit, even if it means a debt chart that is hilariously parabolic...

... we expect Congress to promptly approve trillions more in handouts because we are now at a point when the mere suggestion that a government backstop is gone - whether for capital markets, for corporate bond issuers, or for individual welfare checks - could be enough to spark a revolution.

Published:7/7/2020 1:37:41 PM
[Cloud] ‘No code’ will define the next generation of software This fundamental shift provides an opening for a new cohort of no code companies to grow into the next generation of software powerhouses. Published:7/7/2020 1:37:41 PM
[] DeSean Jackson apologizes for posting fake Hitler quote, gets a 'stern talking to' by the Eagles Published:7/7/2020 1:07:39 PM
[Politics] Paul Krugman: Trump Flunked His First Major Test Nobel Prize-winning economist Paul Krugman slammed President Donald Trump in a series of tweets on Tuesday, writing that "Covid-19 was his first significant test. And he flunked it with flying colors." Krugman noted that "One thing you can sense from Republicans is an... Published:7/7/2020 1:07:39 PM
[Entertainment] Chris Evans and Lily James Spark Romance Rumors as They're Spotted Out Together in London Lily James, Chris EvansMamma mia! Is this the sight of a new Hollywood romance? While fans are seeing much less of their favorite stars amid the coronavirus pandemic and in this age of social distancing, a...
Published:7/7/2020 1:07:39 PM
[95c376e4-fb7a-58f0-8f51-a93c146c94d9] Thandie Newton says Tom Cruise got 'frustrated' with her on 'Mission Impossible 2' set: I was 'so scared' “Westworld” actress Thandie Newton shared a story about a difficult day she had while filming “Mission Impossible 2” alongside Tom Cruise.  Published:7/7/2020 1:07:38 PM
[Markets] Iran Sees 6th Deadly 'Mystery' Explosion In Weeks At Industrial Zone Near Tehran Iran Sees 6th Deadly 'Mystery' Explosion In Weeks At Industrial Zone Near Tehran Tyler Durden Tue, 07/07/2020 - 13:55

By our count it's the sixth 'mystery' explosion in mere weeks. In the early morning hours of Tuesday two Iranians were killed and three injured in a blast at a factory south of Tehran, IRNA reported.

Like with other recent explosions and fires, including one at Iran's underground nuclear development Natanz facility, official statements downplayed this latest blast as an accident. "Human error was the cause of the blast in a factory... Two people were killed and three others were injured," said a local official.   

"The explosion that was caused by some workers' negligent handling of oxygen tanks.... was so powerful that the walls of a factory nearby were also totally destroyed," he added.

Aftermath of major deadly blast at Sina At'har health center north of Tehran on June 30, 2020. Authorities 

What is a mystery, however, is the latest spate of "random" explosions and fires at remote Iranian countryside areas and industrial zones known for being weapons and nuclear development sites, as we previously detailed.

Meanwhile, there's been more and more scrutiny placed on Israel and its main foreign intelligence service Mossad: 

Israel was the culprit behind a fire that caused significant damage to an Iranian uranium enrichment facility, a Middle Eastern intelligence official has claimed.

The unnamed source told The New York Times that a powerful bomb caused the explosion at the Natanz nuclear facility last week.

Declared an accident by Iranian officials, the blast led to significant damage to the facility and could slow the production of centrifuges used to enrich uranium, according to the country's atomic energy spokesperson.

Several mysterious fires and explosions have broken out at sites in Iran in recent weeks, including explosions at a weapons depot and medical facility, along with a fire at a power station.

The incidents are now coming with such frequency that the question of foreign sabotage is impossible to ignore, also considering Israeli leaders have over the past year vowed they'll do anything to ensure the Islamic Republic can't possibly develop a nuke.

"The incidents have sparked speculation that Iran is under attack, with some pointing to arch-foe Israel as the culprit behind the supposed attacks," the New Arab report continues. Iran has said it will respond if it's confirmed that Israel or the US are behind it, including via cyber-attacks. "Speaking on condition of anonymity, the Middle Eastern intelligence official told The New York Times that Israel was behind the Natanz blast but not any of the other incident."

Satellite image showing damage to a building after a fire and explosion at Iran’s Natanz nuclear site, on July 3. Image source: Planet Labs Inc., James Martin Center for Nonproliferation Studies at Middlebury Institute of International Studies via AP.

Asia Times has asked: are we witnessing the "the son of Stuxnet?"

Five recent explosions in Iran may have been caused by computer viruses similar to the Stuxnet virus that disabled Iranian centrifuges in 2010.

Two of the blasts took place at power plants, one at a missile research, development and production site, one at a new uranium enrichment centrifuge center, and the last (if it can be considered part of the attacks) in downtown Tehran at a medical facility that could have been a cover for nuclear operations such as a hidden command center.

All of this has prompted a response out of Israel, with Israeli Defense Minister Benny Gantz on Sunday issuing a partial and somewhat ambiguous denial.

“Not every incident that transpires in Iran necessarily has something to do with us... All those systems are complex, they have very high safety constraints and I'm not sure they always know how to maintain them,” he told Army Radio.

“Everyone can be suspicious of us all the time,” Gantz said. “But not every incident that happens in Iran necessarily has something to do with us.”

Recall that just a year ago it was a long hot summer of 'tanker wars'. And now it seems a sabotage war on Iranian soil, targeting weapons and nuclear development, despite Tehran claiming its nuclear facilities are for peaceful domestic energy purposes. 

Published:7/7/2020 1:07:38 PM
[Aerospace] Autonomous driving startup turns its AI expertise to space for automated satellite operation Hungarian autonomous driving startup AImotive is leveraging its technology to address a different industry and growing need: autonomous satellite operation. AImotive is teaming up with C3S, a supplier of satellite and space-based technologies, to develop a hardware platform for performing AI operations onboard satellites. AImotive’s aiWare neural network accelerator will be optimized by C3S for […] Published:7/7/2020 1:07:38 PM
[Leftism] Chronicles of the Crazy Time (13) (Steven Hayward) Left craziness is coming so fast and thick on an hourly basis that it is tempting just to turn this mini-series into a real time Twitter feed. So we’re reserving compilations for the most notable insanities. • And here is a doozy from The Guardian, beyond even the olympian satirical capacities of the Babylon Bee: Glass ceilings and phallic towers. Mean streets and dark alleys. Road names and statues of Published:7/7/2020 1:07:38 PM
[topics:people/johnny-depp] Johnny Depp 'is not and never has been a wife beater', actor's lawyers tell High Court on day one of libel case  Published:7/7/2020 1:07:38 PM
[e559a2de-6f67-58f7-97b1-cc37cdbeda3e] Curtis Hill: NFL’s reported plans for ‘Black national anthem’ would celebrate national unity, spiritual faith Put me down as one conservative who could not only tolerate but indeed could appreciate renditions of “Lift Every Voice and Sing” during the first week of NFL games this fall. Published:7/7/2020 1:07:38 PM
[Markets] The Margin: President Trump cheated his way into ‘the best school in the world,’ according to his niece’s new book “Too much and never enough: How my family created the world’s most dangerous man” is a tell-all memoir coming out next week that goes into how Trump’s dysfunctional upbringing turned him into a leader who “now threatens the world’s health, economic security and social fabric,” as publisher Simon & Schuster put it.
Published:7/7/2020 1:07:38 PM
[News] HHS to Offer Free COVID-19 Testing in Florida, Texas, Louisiana Hotspots The temporary "surge testing" sites will be live anywhere from five to 12 days. Published:7/7/2020 1:07:38 PM
[] Why Isn't Black Lives Matter Protesting the Slavery That Still Exists Today? Published:7/7/2020 12:36:09 PM
[] Enough with the "Grim Reaper" idiot hassling people on beaches about social distancing Published:7/7/2020 12:36:09 PM
[Uncategorized] Authors of Study on Race and Police Killings Seek Retraction Because Conservative Cite It "We were careless when describing the inferences that could be made from our data." Published:7/7/2020 12:36:09 PM
[Coronavirus] Anti-Israel Soros Groups Cash In on Coronavirus Relief Funds

Two anti-Israel groups bankrolled by liberal billionaire George Soros accepted as much as $1.3 million from the Trump administration’s coronavirus relief fund, public records show.

The post Anti-Israel Soros Groups Cash In on Coronavirus Relief Funds appeared first on Washington Free Beacon.

Published:7/7/2020 12:36:09 PM
[topics:in-the-news/Travel-ban] The 59 countries exempt from England's travel quarantine - full list Published:7/7/2020 12:36:09 PM
[World] Redskins Bow to WaPo and Woke Capital

Corporate pressure and negative press have forced a review of the franchise's longtime name and mascot.

The post Redskins Bow to WaPo and Woke Capital appeared first on The American Conservative.

Published:7/7/2020 12:36:09 PM
[Politics] Trump Internet Trolls Register for NH Rally Tickets Social media users are registering for tickets to attend President Donald Trump’s New Hampshire rally, but many say they have no plans of actually going, The Boston Globe reports. Published:7/7/2020 12:36:09 PM
[IJR] Mulvaney Says ‘Referendum’ on Trump Could Lower His Chances of Reelection Mulvaney admitted he believes Trump could be facing an uphill battle if there is a referendum. Published:7/7/2020 12:36:09 PM
[Markets] Two of Tesla’s Biggest Critics Are Changing Their Minds About the Stock – Sort of Two analysts who rate Tesla stock at the equivalent of Sell are sort of capitulating on shares of the maker of electric vehicles. One raised his bull-case target price, and the other doesn’t see a downside catalyst until the fourth quarter. Published:7/7/2020 12:36:09 PM
[TC] Sunrun’s $3.2 billion Vivint Solar bid challenges Tesla’s energy ambitions Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion dollar acquisition of the residential solar installation company, Vivint Solar, Sunrun looks to solidify its […] Published:7/7/2020 12:36:09 PM
[Markets] Futures Movers: Oil prices inch up on bets for a second weekly decline in domestic crude supplies Oil futures inch higher on Tuesday, with expectations for a decline in U.S. crude inventories for a second week in a row providing support for prices, but the increase in coronavirus cases in parts of the world continues to weigh on demand prospects, limiting gains for oil.
Published:7/7/2020 12:36:09 PM
[Markets] Money's Cheap, Why Not Gamble? Money's Cheap, Why Not Gamble? Tyler Durden Tue, 07/07/2020 - 13:36

Authored by Mike Shedlock via MishTalk,

A Chinese quant-trading firm made 108% this year by selling every stock bought the previous day.

As long as the Fed is willing to promote gambling, guess what? People will gamble. 

Please consider Quant Fund Gains 108% by Dumping China Stocks a Day After Buying

Zhang Ruiqi, the 34-year-old chairman of Shenzhen Qianhai United Fortune Fund Management Co., screens about a dozen mainland-listed stocks every day for their turnover, momentum and volatility. He then does it all over again the following day. That strategy, which he calls the “all-in-all-out” method, helped his flagship $5 million fund gain 108% this year through June, according to data provider Simuwang.com.

“Our strategy allows us to make money from stocks that have the strongest market sentiment on a day-to-day basis -- and that has turned out to be overwhelmingly successful so far this year,” said Zhang in a phone interview from his office in Shenzhen.

“As long as the trading volume remains above 400 billion yuan per day, this strategy will still be effective,” said Zhang, noting the upcoming revamp of the Shanghai Composite Index and ChiNext market reforms. “Volumes are unlikely to drop.”

Money's Cheap, Why Not Gamble?

Hedge funds typically take 20% of the profits. 

If they can make 100% profits with Other People's Money (OPM) everyone is happy. If and when these strategies blow up the founders still make their 20%. 

Attract $2 billion with these short term returns and the hedge fund just made $400 million off of OPM with no risk. 

Not Just Quant Funds

I have a friend who is now day trading options, and short term ones at that. He does not know what a straddle is or even what a limit order is. 

Day trading is inaccurate because the size of his account, under $25K, restricts him to a limited number of trades. 

So far, he has done OK with long bets on Apple and Tesla. But how long can this last?

I had a long talk with him this past weekend. He is out of a job and out of money.

No Other Choice

"I have no other choice he told me". 

He wants to come by this week for me to explain more about options.

This is what the Fed has promoted. 

Published:7/7/2020 12:36:09 PM
[] Hallnoosination Watch: "Noose," Or Likely Just Rope, Found at Off-Campus... Construction Site I have a feeling this "Noose" will be dangling from a pulley, and located near a hook and a pallet. You know, for lifting stuff up. The noose was found Thursday at a construction site in an off-campus building. https://t.co/lVwewOa2AM—... Published:7/7/2020 12:36:09 PM
[] Google, Facebook and Twitter refuse to become part of China's Hong Kong security apparatus Published:7/7/2020 12:11:43 PM
[Politics] Sen. Lamar Alexander Will Skip RNC Sen. Lamar Alexander will not attend the Republican National Convention, The Hill reports. Published:7/7/2020 12:11:42 PM
[topics:places/high-wycombe] Shopkeeper faces £8k fine after drinking carrot juice from a beer can in 'no alcohol zone' Published:7/7/2020 12:11:42 PM
[Markets] Virus Worries Weigh on Markets — but Tech Stocks Are Still Rising The Dow Jones Industrial Average is 0.9% lower in recent trading, while the S&P 500 is off 0.3%. The Nasdaq Composite is up 0.1%. Published:7/7/2020 12:11:42 PM
[Coronavirus] Scott Jensen explains (Scott Johnson) State senator and medical doctor Scott Jensen joined Jon Justice and Drew Lee a little past the midway point of the second hour of their show this morning. I have embedded it the second hour in podcast form below; it runs about 38 minutes. Dr. Jensen discusses the complaints made against him to the Minnesota Board of Medical Practice for his departure from the party line on the epidemic. Laying Published:7/7/2020 12:11:42 PM
[Markets] BLM Teacher Says 2+2 Only Equals 4 Because Of "Western Imperialism" BLM Teacher Says 2+2 Only Equals 4 Because Of "Western Imperialism" Tyler Durden Tue, 07/07/2020 - 12:55

Authored by Paul Joseph Watson via Summit News,

A Black Lives Matter-supporting teacher took to Twitter to assert that 2+2 only = 4 because of “western imperialism.”

Yes, really.

Brittany Marshall’s tweet went viral after she claimed during the course of a discussion about racism, “Nope the idea of 2 + 2 equaling 4 is cultural and because of western imperialism/colonization, we think of it as the only way of knowing.”

Marshall, who includes her pronouns in her bio, lists her occupation as “teacher, scholar, social justice change agent” and apparently is studying for a PhD at Rutgers.

Her bizarre statement is yet another example of Intersectionality, the pseudo-intellectual garbage feminist notion taught in all major universities that racism and sexism are prevalent throughout all areas of society and are intertwined.

In this case, Marshall appears to be arguing that maths itself is racist, an argument that has been made by numerous social justice warriors down the years, some of whom question why ‘Western Math’ is in common use and not other methods such as the way Aborigines count (maybe because we’re western and not Aborigine).

The notion that 2+2 might not = 4 is of course lifted from George Orwell’s 1984, when the one party state was able to torture dissidents into believing it could equal 5.

Respondents to the tweet expressed their varied opinions.

“Unfortunately it’s nothing new,” remarked one. “There are videos circulating showing black students promoting to stop science because it represents white supremacy. They would prefer magic and voodoo.”

“Scary thing is, this person is a teacher probably preaching the same nonsense to our children,” said another.

*  *  *

My voice is being silenced by free speech-hating Silicon Valley behemoths who want me disappeared forever. It is CRUCIAL that you support me. Please sign up for the free newsletter here. Donate to me on SubscribeStar here. Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Published:7/7/2020 12:11:42 PM
[Entertainment] France’s Rodin Museum sells bronzes to weather virus crisis The Rodin Museum in Paris may have an ace up its sleeve to help see it through the coronavirus economic crisis: It can sell limited-edition versions of the French sculptor’s masterpieces Published:7/7/2020 12:11:42 PM
[Markets] Help Me Retire: I have student debt, a mortgage, a growing family and I’m relocating for work — how do I save for retirement? Do you have questions on planning for retirement? Email HelpMeRetire@marketwatch.com
Published:7/7/2020 12:11:42 PM
[Extra Crunch] Decrypted: Police hack criminal phone network; Randori raises $20M Series A Last week was, for most Americans, a four-day work week. But a lot still happened in the security world. The U.S. government’s cybersecurity agencies warned of two critical vulnerabilities — one in Palo Alto’s networking tech and the other in F5’s gear — that foreign, nation state-backed hackers will “likely” exploit these flaws to get […] Published:7/7/2020 12:11:42 PM
[IJR] Maryland Gov. Larry Hogan Mulls 2024 Presidential Bid "I’ve been leading the nation’s governors through one of the biggest crises in our lifetime." Published:7/7/2020 12:11:42 PM
[Politics & Ideas] So, Kaepernick Lied
View Post
Published:7/7/2020 12:11:42 PM
[] The "what if Trump won't leave office" madness continues Published:7/7/2020 11:41:41 AM
[] Jemele Hill says people want 'marshal law' for areas where black children were killed Published:7/7/2020 11:41:41 AM
[NKLAW] Nikola: Vaporware Selling For ~$25 Billion Published:7/7/2020 11:41:41 AM
[Campus] Princeton Professors Demand University ‘Block Mechanisms’ of Racism

Hundreds of Princeton University faculty members are demanding that the university make a litany of changes to atone for the university's "anti-Blackness."

The post Princeton Professors Demand University ‘Block Mechanisms’ of Racism appeared first on Washington Free Beacon.

Published:7/7/2020 11:41:41 AM
[Politics] Navarro: 'Not Going There' on Trump's NASCAR, Confederate Flag Tweet White House trade adviser Peter Navarro Tuesday said he's "not going there" when asked about the White House's position on Confederate flags flying at NASCAR races, after President Donald Trump's tweet Monday about the flag and Black driver Bubba Wallace. Navarro instead... Published:7/7/2020 11:41:41 AM
[e95be98c-2244-5a72-8ff9-076bbf9b8dfc] Brooke Shields says maintaining her toned figure is a ‘daily struggle’ amid coronavirus Brooke Shields opened up about her “daily struggle” to keep up with her fitness routine during quarantine. Published:7/7/2020 11:41:41 AM
[Markets] Dow Jones Falls 200 Points, But Walmart Surges 4%; 2 Coronavirus Stocks Score Bullish Gains The Dow Jones bore the brunt of selling early Tuesday, but the Nasdaq showed resilience again. Coronavirus stocks Regeneron and Novavax scored big gains. Published:7/7/2020 11:41:41 AM
[Aerospace] NY-based autonomous reusable rocket startup lands Air Force contract New York-based startup iRocket has landed a contract award from the U.S. Air Force to develop and build its fully autonomous small payload rockets, which the company says will be able to launch and propulsively land both its first and second stages, with the potential of launching small payloads on demand in as little as […] Published:7/7/2020 11:41:41 AM
[Entertainment] Audible best-sellers for week ending July 3rd Audible best-sellers for week ending July 3rd Published:7/7/2020 11:41:41 AM
[News] South Carolina Democrat Aiming to Unseat Lindsey Graham Raises $13.9 Million in Quarter Jaime Harrison raised $13.9 million during the second quarter of 2020. Published:7/7/2020 11:41:41 AM
[Markets] Tesla at $2,000 makes a new 'bull case' for the stock, Morgan Stanley says Tesla at $2,000 makes a new 'bull case' for the stock, Morgan Stanley says Published:7/7/2020 11:41:41 AM
[Markets] "Crunch Time" Arrives And... Was Everyone Wrong About The Coronavirus? "Crunch Time" Arrives And... Was Everyone Wrong About The Coronavirus? Tyler Durden Tue, 07/07/2020 - 12:35

One week ago, when looking at the growing divergence between the growing number of new coronavirus cases in the US and shrinking number of fatalities, we referred to Nordea's strategist Andreas Steno Larsen, who observed that "we are entering “crunch time” on fatalities since they should start to rise in early July given the lead/lag structure versus new cases."

As Larsen further predicted, "if fatalities don’t spike early in July, then people will conclude that it’s probably spreading amongst a part of the population that is not as sensitive, or that it is a resulted of increased testing or that the virus has become less deadly as we move into the summer months. Governors in Texas, California and Florida seem to have concluded that the below correlation holds, but the jury is still out."

His conclusion was that "the next 6-10 days will be crucial."

Well, one week later, we decided to follow up on the current status and... well, there is no spike in fatalities at either the federal level...

??

... or even state level as can be seen in the Florida cases vs deaths chart below:

??

Meanwhile, as cases appear to be plateauing in several states, not only do deaths refuse to inflect higher but are at the lowest level since March.

So were most experts wrong that the surge in cases would also lead to a spike in deaths?

And while we are debating that question, here's another one: back in late March and early April, consensus emerged that unless the first coronavirus wave is contained, it would result in an even more acute and deadly second wave. Why? Because both professional and armchair epidemiologists were using the Spanish flu as a case study as shown in the following chart from JPMorgan.

Now, according to Deutsche Bank, it appears that this comparison to the 1918 Spanish Flu may have also been terribly wrong.

As DB's Jim Reid writes, one paper that influenced market thinking in the early days of the Covid-19 pandemic looked at the effect of non-pharmaceutical interventions like social distancing and school closures during the Spanish flu (link here). The paper found that the US cities that implemented these measures tended to have better economic outcomes over the medium term. This offered historical support to the argument that there wasn’t such a big trade-off between economic activity and public health, because you needed to suppress the virus to enable consumers to be more confident and for businesses to operate as normal.

However, a major difference between Spanish flu and Covid-19 is the age distribution of fatalities, as shown in the chart below.

For Covid-19, the elderly have been overwhelmingly the worst hit. For the Spanish flu of 1918, the young working-age population were severely affected too. In fact, the death rate from pneumonia and influenza that year among 25-34 year olds in the United States was more than 50% higher than that for 65-74 year olds, "a remarkable difference to Covid-19."

This, as the strategist then notes, therefore begs the question of how history will judge the lockdown response to Covid-19, given its much more limited impact on workers in the economy. In short, we have an interesting situation at the moment, where rapidly rising cases in the US are slowing reopenings (negative) but the death rate is falling (positive).

Here are some further observations conducted by another DB strategist, Francis Yared, which suggest that the second wave is far less serious than the media is making it out to be.

Conclusion: The overall mortality rate as measured by weekly deaths/ weekly new cases (2 weeks lead) is about 1/3rd of the level observed in the second half of April

Analysis: We calculate (1) the hospitalization rate as currently hospitalized (weekly average) / new cases (weekly sum, 1 week lead) and (2) the hospitalization mortality rate as Deaths (weekly sum) /currently hospitalized (weekly average, 1 week lead). The latter is a normalization of last week's calculation from daily deaths to weekly deaths. We focus on weekly averages and weekly lags as the time spent in hospital is about 1 week and to smooth the volatility due to week-end effects.

Results:

  • The hospitalization rate has declined to ~20% by 10-15pp since the second half of April. This may be due to (a) increased testing and better quality of the tests capturing milder cases and (b) self-selection of the population taking risks (e.g. average age of new cases declining)
  • The hospitalization mortality rate halved to ~10% (last week's results scaled from daily to weekly deaths) since the second half of April.
  • The overall mortality rate (deaths over lagged new cases) is the product of the previous two calculations. Since the second half of April, it has declined by about 2/3rd from 6.5% to 2%.
  • For the three largest states with hospitalization data CA/NY/TX, the respective current levels are as follows. Hospitalization rate: 18.1%, 18.7%, 19.4%. Hospitalization mortality rate: 7.8%, 6.9%, 5.2%. Overall mortality rate: 1.7%, 1.5%, 1.0%.

Meanwhile daily tests in the US hit a new all time high every single day.

As DB concludes, "this may eventually give us more faith that we are now better at living with the virus."

Published:7/7/2020 11:41:41 AM
[Markets] Coronavirus update: U.S. COVID-19 cases climb above 2.9 million; ‘We’re still knee-deep in the first wave,’ Dr. Fauci warns The number of U.S. cases of the coronavirus illness COVID-19 climbed above 2.9 million on Tuesday, as Dr. Anthony Fauci warned Americans the country is “still knee deep in the first wave,” and reiterated his message to young people that they are not invulnerable.
Published:7/7/2020 11:41:41 AM
[Podcasts] Are We Being Sold a Bill of Goods?
Podcast: coronavirus, the media, and education.
View Post
Published:7/7/2020 11:41:41 AM
[World] Appeals Court Blocks Trump Rule on Asylum Claims From Central America Published:7/7/2020 11:07:15 AM
[] 'She called them dead traitors': Mollie Hemingway SHREDS NeverTrumper David French after he white-knights for Tammy Duckworth Published:7/7/2020 11:07:15 AM
[] Crews to Lemon: Black Lives Matter is a great mantra, but "I don't want to move from one oppressor to the next" Published:7/7/2020 11:07:15 AM
[Entertainment] Norman Lock’s ‘American Follies’ mines America’s flawed past for dazzling fiction The latest installment in Lock’s American Novels series brings together P.T. Barnum and Susan B. Anthony. Published:7/7/2020 11:07:15 AM
[Health Care] Congress Should Streamline Existing COVID-19 Relief, Not Add New Programs

Congress likes to spend money and to create new programs, but when it comes to the coronavirus recovery, lawmakers need to keep it simple. Congress... Read More

The post Congress Should Streamline Existing COVID-19 Relief, Not Add New Programs appeared first on The Daily Signal.

Published:7/7/2020 11:07:15 AM
[Politics] Navarro Spars Over Trump Wearing a Mask, Presses on Hydroxychloroquine White House trade adviser Peter Navarro, during an often-contentious interview with CNN Tuesday, said it's clear that both President Donald Trump and Vice President Mike Pence "strongly support" wearing masks and social distancing to fight COVID-19, but still asked "what's... Published:7/7/2020 11:07:14 AM
[Politics] Mary Trump book paints a harsh portrait of her uncle, the president

President Trump's attitude and policies were shaped by neglect and trauma growing up, his niece claims in a new book obtained by The Times.

Published:7/7/2020 11:07:14 AM
[Markets] Dow Jones Sinks as Apple Stock Gets a Price Target Bump, Microsoft Considers a Gaming Acquisition Analysts are optimistic about Apple's post-pandemic performance, and Microsoft is reportedly interested in shelling out $4 billion to expand its gaming business. Published:7/7/2020 11:07:14 AM
[Middle Column] Climate Activists Step Up Calls for Imprisoning Climate Skeptics
Published:7/7/2020 11:07:14 AM
[Entertainment] Christopher Meloni on Return to Law & Order and "Inherent Drama" Between Benson and Stabler Christopher Meloni, Detective Elliot Stabler, Law & Order: SVULaw & Order fans were shocked when news broke Christopher Meloni would once again pick up the gun and badge and become Elliot Stabler, the Law & Order: SVU character he played for 12...
Published:7/7/2020 11:07:14 AM
[Markets] Wal-Mart Plans To Launch Its "Amazon Prime Killer" Later This Month Wal-Mart Plans To Launch Its "Amazon Prime Killer" Later This Month Tyler Durden Tue, 07/07/2020 - 11:54

With the Nasdaq trading at record highs on its sixth straight day in the green, largely thanks to Amazon surpassing $3,000 a share, Wal-Mart is gearing up to launch what it hopes will be its "Amazon Prime Killer" - a new e-commerce subscription service called "Walmart+".

According to Recode, Wal-Mart is planning to launch the new service later this month. The service will cost $98 a year, and include perks like same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals, according to the "multiple" insider sources who spoke with Recode (to be sure, this report bears all the hallmarks of a officially sanctioned leak, so we expect these details are coming straight from the source).

With COVID-19 making Amazon more central than ever in the lives of Americans, more retailers are scrambling to find ways to compete in the new world, where shopping at brick-and-mortar stores now carries an additional risk, along with many new aggravations (like mask-wearing and mandatory distancing).

Wal-Mart had initially planned to launch the new service in March or April, but it delayed the rollout due to COVID-19.

As Amazon struggles to roll out grocery delivery across the US (so far, it has concentrated mostly on the big cities), Wal-Mart is leaning on this natural advantage as a central component of this new service.

Right now, it's not clear yet whether the service will be rolled out regionally, or nationally. But given Wal-Mart's status as the country's biggest brick and mortar retailer, we suspect this news could derail (or at least delay) Jeff Bezos' inexorable march toward becoming the world's first trillionaire by Amazon Prime day.

Wal-Mart shares are surging on the news.

 

Published:7/7/2020 11:07:14 AM
[Quick Takes] CUNY Lays Off 2,800 Adjunct Professors and Staff, Prompting Lawsuit From Union "CUNY said the cuts were necessitated by the economic fallout of the coronavirus pandemic." Published:7/7/2020 11:07:14 AM
[In The News] $1.2 Million Bail Set For Driver Who Allegedly Plowed Through Two Seattle Protesters

By Jake Dima -

A King County judge set bail at $1.2 million Monday for a man suspected of weaving a luxury car through a blocked Seattle highway, killing one and seriously injuring another. Dawit Kelete, a black man, was arrested in connection with the hit and run that took place early Saturday morning. ...

$1.2 Million Bail Set For Driver Who Allegedly Plowed Through Two Seattle Protesters is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/7/2020 11:07:14 AM
[TC] Everything you need to know about the virtual TC Sessions: Mobility 2020 You may have heard that we’re taking our events virtual this year. And that means TC Sessions: Mobility is going virtual as well. This won’t just be one long webinar. We have some technical tricks up our sleeves that will bring all of what you’d expect from our in-person events from the informative panels and […] Published:7/7/2020 11:07:14 AM
[Markets] Economic Report: U.S. recoups 6.5 million jobs in May, but hiring set to slow amid new coronavirus outbreak A record 6.5 million people either found jobs or were rehired in May, a government report shows, as the economy emerged from a prolonged shutdown due to the coronavirus that drove the U.S. into a deep recession.
Published:7/7/2020 11:07:14 AM
[Markets] U.S. 'knee-deep in first [coronavirus] wave,' says Fauci, as cases top 2.9 mln U.S. 'knee-deep in first [coronavirus] wave,' says Fauci, as cases top 2.9 mln Published:7/7/2020 11:07:14 AM
[Politics] Halle Berry issues apology for wanting to play ‘transgender man’ in film after WOKE MOB BACKLASH Over the weekend Halle Berry mentioned that she would be interested in playing the role of a woman who transitioned into a man in some unnamed upcoming film. The video cuts in . . . Published:7/7/2020 11:07:14 AM
[Politics] Halle Berry issues apology for wanting to play ‘transgender man’ in film after WOKE MOB BACKLASH Over the weekend Halle Berry mentioned that she would be interested in playing the role of a woman who transitioned into a man in some unnamed upcoming film. The video cuts in . . . Published:7/7/2020 11:07:14 AM
[Volokh Conspiracy] [Irina Manta] Visas of Students Taking Online Classes at Risk ICE announces sweeping changes to the temporary modifications in effect Published:7/7/2020 11:07:14 AM
[World] Media Matters Took Millions in PPP Money While Criticizing Trump Virus Response Published:7/7/2020 10:36:00 AM
[] Brazilian President Bolsonaro tests positive for COVID-19, met with U.S. ambassador on July 4 Published:7/7/2020 10:36:00 AM
[] Lindsey Graham inching away from Trump in South Carolina? Published:7/7/2020 10:36:00 AM
[Entertainment] Anthony Anderson Calls Out Kanye West Over 2020 Presidential Bid Announcement Kanye WestWhen it came to Kanye West's 2020 presidential bid, Anthony Anderson did not hold back. On Monday, the Black-ish star took over hosting duties for Jimmy Kimmel and kicked off his ABC...
Published:7/7/2020 10:35:59 AM
[Markets] Barron's on MarketWatch: What's fueling gains in PayPal and Square shares? Barron's on MarketWatch: What's fueling gains in PayPal and Square shares? Published:7/7/2020 10:35:59 AM
[Politics] Birx: States Mandating Masks Can Change Course of Pandemic Deborah Birx, the U.S. coronavirus response coordinator, praised governors who have mandated masks in their states despite President Donald Trump's resistance to them. Published:7/7/2020 10:35:59 AM
[Markets] Nasdaq trades in record territory as technology-related shares rise, S&P 500 flips positive U.S. stocks on Tuesday attempt to recover some early lost ground, led by gains in technology and tech-related shares, as investors assess the economic and public-health environment following a strong rally to start the week. Published:7/7/2020 10:35:59 AM
[topics:places/brazil] Bolsonaro tests positive for coronavirus  Published:7/7/2020 10:35:59 AM
[IJR] Sen. Tammy Duckworth Rips Tucker Carlson for Claiming She ‘Hates America’ Duckworth had a compelling question about Carlson. Published:7/7/2020 10:35:59 AM
[Volokh Conspiracy] [Eugene Volokh] "A Letter on Justice and Open Debate," with Many Prominent Liberal Signers Posted at the Harper's Magazine site. Published:7/7/2020 10:35:59 AM
[In The News] Millions Of Potential Coronavirus Vaccine Doses Already Being Made, NIH Director Says

By Thomas Catenacci -

Millions of potential coronavirus vaccine doses are being made before testing has been completed to expedite the process, National Institutes of Health director Francis S. Collins told New York Magazine. At least four vaccines are being prepared for large-scale testing involving 30,000 volunteers, which could begin this month, said Collins, ...

Millions Of Potential Coronavirus Vaccine Doses Already Being Made, NIH Director Says is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/7/2020 10:35:59 AM
[] Don Lemon Speaks Over Terry Crews: Dead Black Children Are 'Not What Black Lives Matter Is About' Published:7/7/2020 10:07:17 AM
[] Is the new ICE policy for international college students a slap to China? Published:7/7/2020 10:07:17 AM
[Latest News] TikTok Says It Will Exit Hong Kong Market Within Days

NEW YORK (Reuters) - TikTok will exit the Hong Kong market within days, a spokesman told Reuters late on Monday, as other technology companies including Facebook Inc suspend processing government requests for user data in the region.

The post TikTok Says It Will Exit Hong Kong Market Within Days appeared first on Washington Free Beacon.

Published:7/7/2020 10:07:17 AM
[Markets] S&P 500’s five-session win streak on line as energy and financial stocks retreat S&P 500’s five-session win streak on line as energy and financial stocks retreat Published:7/7/2020 10:07:17 AM
[702602ac-ecf1-56f8-8c2d-509ef652d1cd] Christopher Meloni talks return to 'Law & Order,' potential reunion between Elliot Stabler and Olivia Benson Christopher Meloni is opening up about his return to the “Law & Order” franchise as well as the circumstances surrounding his previous departure from “SVU.”  Published:7/7/2020 10:07:17 AM
[ae78c003-87aa-5533-b9c7-8648a571835b] Dr. Tom Frieden: Coronavirus has the upper hand, but we can still stop the virus Our health, our economy and our kids’ ability to go back to school all depend on all of us working together to get this right. Published:7/7/2020 10:07:17 AM
[2020 News] Company tied to Newsom received up to $350K in COVID-19 relief funds

Company tied to Newsom received up to $350K in COVID-19 relief funds. Along with a company owned by the Lt. Governor (D), Senate Minority Leader Shannon Grove (R), the spouse of state Senate President Pro Tem Toni Atkins, D-San Diego. It’s amazing how well this works for powerful politicians. Businesses tied to California Gov. Gavin […]

The post Company tied to Newsom received up to $350K in COVID-19 relief funds appeared first on IHTM.

Published:7/7/2020 10:07:17 AM
[Opinion] Is Trump Great Enough to Do What Obama Did?

By Godfrey "Doctor Perspective" McAllister -

Trump hates Obama. This is no Clinton vs Bush rivalry because one is a Democrat and the other is a Republican. This is pure, raw unadulterated hatred. Trump hates Obama and has done everything, or perhaps I should say, almost everything in his power so far to prove it. If ...

Is Trump Great Enough to Do What Obama Did? is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/7/2020 10:07:17 AM
[Volokh Conspiracy] [Jonathan H. Adler] "This Is the Real John Roberts" In the New York Times I explain that the Chief Justice Roberts we've seen this term is the same one we've seen before. Published:7/7/2020 10:07:17 AM
[Politics] Pompeo says US looking at a ban on TikTok Pompeo said last night that the US is looking into a ban on TikTok, the social media video app that millennials are crazy about: TIMES OF ISRAEL – US Secretary of State . . . Published:7/7/2020 10:07:17 AM
[Politics] Pompeo says US looking at a ban on TikTok Pompeo said last night that the US is looking into a ban on TikTok, the social media video app that millennials are crazy about: TIMES OF ISRAEL – US Secretary of State . . . Published:7/7/2020 10:07:17 AM
[Politics] Mulvaney: Trump Could Face 'Real Headwinds' in Race Against Biden President Donald Trump could face "real headwinds" in his race against former Vice President Joe Biden if the election becomes a referendum on him, former acting White House Chief of Staff Mick Mulvaney said Tuesday.  Published:7/7/2020 10:07:17 AM
[topics:things/crime] Kasabian frontman Tom Meighan spared jail despite alcohol-fuelled 'sustained assault' on ex-fiancee, causing backlash from Women’s charities Published:7/7/2020 10:07:17 AM
[Uncategorized] Andrew Cuomo’s NY Health Dept Clears Andrew Cuomo Of Responsibility For Nursing Home Deaths Assemblyman Ron Kim: “This is a conflict of interest for the health department to investigate its own poor decisions." Published:7/7/2020 10:07:17 AM
[Entertainment] Norman Lock’s ‘American Follies’ mines America’s flawed past for dazzling fiction The latest installment in Lock’s American Novels series brings together P.T. Barnum and Susan B. Anthony. Published:7/7/2020 10:07:17 AM
[Markets] Key Words: Fox News host Tucker Carlson slammed for calling Tammy Duckworth ‘deeply silly and unimpressive’ Sen. Tammy Duckworth, Democrat from Illinois, fired back at Tucker Carlson, who became a trending topic after his show Monday.
Published:7/7/2020 10:07:17 AM
[Markets] PayPal and Square Stocks Are Rising. New Consumer Behavior Is in Their Favor. Both PayPal and Square were trading higher on Tuesday, helped in part by endorsements from Piper Sandler, although the firm says only PayPal is a Buy. Published:7/7/2020 10:07:17 AM
[Markets] Deutsche Bank "Inexcusably Failed" To Monitor Jeffery Epstein's Accounts, Fined $150 Million Deutsche Bank "Inexcusably Failed" To Monitor Jeffery Epstein's Accounts, Fined $150 Million Tyler Durden Tue, 07/07/2020 - 11:05

The New York State Department of Financial Services (NYDFS) released a statement Tuesday morning, seen by CNBC, indicating Deutsche Bank has been fined $150 million for banking transactions with accused child sex trafficker Jeffrey Epstein, who is now dead. 

NYDFS said Deutsche Bank agreed to the multi-million dollar penalty for "failing to properly monitor account activity conducted on behalf of the registered sex offender despite ample information that was publicly available concerning the circumstances surrounding Mr. Epstein's earlier criminal misconduct."

Banking regulators have been investigating Epstein's dealings with the bank for months, including past lending and transactions, along with dozens of accounts linked to him shortly before he died last August. 

The investigation of Deutsche Bank focused on why the bank continued to do business with Epstein despite internal concerns that were raised, a separate report via The New York Times recently said. 

"Despite knowing Mr. Epstein's terrible criminal history, the bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions," Linda A. Lacewell, NYDFS' superintendent, said in a statement.

NYDFS said payments from Epstein's Deutsche Bank account(s) were made to his co-conspirators who sexually abused women. Other payments were made "to Russian models, payments for women's school tuition, hotel and rent expenses, and (consistent with public allegations of prior wrongdoing) payments directly to numerous women with Eastern European surnames," the department added. 

NYDFS also noted Epstein's "periodic suspicious cash withdrawals — in total, more than $800,000 over approximately four years." 

Deutsche Bank was Epstein's lender from 2013-2019, even as other financial institutions labeled him a red flag. 

A Deutsche Bank spokesperson acknowledged to Financial Times of the mishap with Epstein, saying: "Our error of onboarding Epstein in 2013 and the weaknesses in our processes." 

Published:7/7/2020 10:07:17 AM
[Apps] Amazon adds ‘hands-free’ Alexa to its Alexa mobile app Amazon is making it easier for mobile users to access its Alexa virtual assistant while on the go. The company announced today it’s making it possible to use Alexa “hands free” from within its Alexa mobile app for iOS and Android, meaning customers will be able to use Alexa to make lists, play music, control […] Published:7/7/2020 10:07:17 AM
[] The Morning Rant: Minimalist Edition I cannot imagine a more unserious use of a state legislature's time than debating and voting on such an obvious dilution of our political structure. The intent of the Constitution seems clear to me -- though I am not... Published:7/7/2020 10:07:17 AM
[] Halle Berry self-cancels new film project over "trans issues" Published:7/7/2020 9:37:33 AM
[Volokh Conspiracy] [Josh Blackman] Part III: Barr v. AAPC and Stare Decisis "John Marshall is not walking through that door." But what exactly did John Marshall say? Published:7/7/2020 9:37:32 AM
[Quick Takes] Harvard Slammed for Charging Full Tuition for Online Instruction This Year "keeping its annual tuition prices of $49,653 per year despite the Ivy League institution's decision to continue with online coursework" Published:7/7/2020 9:37:32 AM
[14943f63-954d-5b94-9fc9-5e1cf774ec26] Bindi Irwin posts a cute photo of her ‘little family’ Bindi Irwin shared a sweet glimpse into her life with her husband Chandler Powell. Published:7/7/2020 9:37:32 AM
[Markets] Nasdaq ekes out early Tuesday gain as Dow and S&P 500 retreat Nasdaq ekes out early Tuesday gain as Dow and S&P 500 retreat Published:7/7/2020 9:37:32 AM
[Entertainment] Bachelor's Cassie Randolph Responds to Backlash Over Colton Underwood Breakup Comments Colton Underwood, Cassie Randolph, 2019 CMA Awards, CouplesCassie Randolph is "a little irritated" over her interview on The Bachelor: The Greatest Seasons Ever special. On Monday night, ABC aired the reality star's virtual chat with...
Published:7/7/2020 9:37:32 AM
[Politics] Trump admin hunting down leaker of Russia/Afghanistan bounty intel and they are getting close… This morning Politico reports on how the Trump administration is getting close to finding out who leaked the Russia/Afghanistan bounty intel to the media: — SEARCHING FOR LEAKERS … THE TRUMP ADMINISTRATION . . . Published:7/7/2020 9:37:32 AM
[Politics] Trump admin hunting down leaker of Russia/Afghanistan bounty intel and they are getting close… This morning Politico reports on how the Trump administration is getting close to finding out who leaked the Russia/Afghanistan bounty intel to the media: — SEARCHING FOR LEAKERS … THE TRUMP ADMINISTRATION . . . Published:7/7/2020 9:37:32 AM
[Markets] Dow Jones Falls 150 Points, But Apple, Microsoft Buck The Trend; Top Biotech Stock Reclaims Buy Point The Dow Jones bore the brunt of the selling early Tuesday, but the Nasdaq showed resilience again. Biotech Vertex reclaimed a buy point. Published:7/7/2020 9:37:32 AM
[29070a9b-9e8e-578f-beb4-a41c3f02ca1b] Tucker Carlson: Can the left really lead a country it hates? Can you really lead a country that you hate? Published:7/7/2020 9:37:32 AM
[Markets] 3.9 Unemployed Workers For Every Job Opening Despite Record Hiring Surge: JOLTS 3.9 Unemployed Workers For Every Job Opening Despite Record Hiring Surge: JOLTS Tyler Durden Tue, 07/07/2020 - 10:30

With the BLS's JOLTs, or job openings and labor turnover survey, coming in with an extra month delay, we already knew that the May jobs data would be the strongest on record (if only after the catastrophic April loss of 20MM jobs), and sure enough that's what the BLS confirmed moments ago when it revealed that in May the number of job openings jumped from a revised 4.996 million to 5.397 million, beating the expectation for a continued drop to 4.5 million (after plunging from 6 million to just 5 million in April, a level last seen in 2014).

Job openings rose in accommodation and food services (+196,000), retail trade (+147,000), and construction (+118,000); they declined in information (-55,000), federal government (-37,000), and educational services (-27,000). The number of job openings increased in the South region.

While we already knew that the series of 24 consecutive months in which there were more job openings than unemployed workers ended with a thud in March, in April it was an absolute doozy with 18 million more unemployed workers than there are job openings, the biggest gap on record. In May the gap closed somewhat, with 15.6 million more unemployed than available job openings. As a result, there were about 3.9 unemployed workers for every job opening.

There was a silver lining in the number of hires which after plunging to a decade-low 4 million in April, soared by 1.5 million in May to a record high 6.487MM. Hires increased in a number of industries, with the greatest rise in accommodation and food services (+763,000), followed by health care and social assistance (+479,000), and construction (+427,000).

Additionally, as hires soared in May, separations tumbled from 10 million to just 4.1 million. Of these, the number of layoffs collapsed to just 1.8 million in May from 7.7 million in April, and a record 11.5 million in March.The number of layoffs and discharges decreased in May to 1.8 million (-5,912,000) and 1.4 percent, respectively. The rate, which had reached a series high of 7.6 percent in March, is now much closer to the pre-pandemic rate of 1.2 percent in February. The number of layoffs and discharges decreased for total private to 1.7 million (-5,809,000) and for government to 124,000 (-103,000). The layoffs and discharges level decreased in all but one industry. The largest declines occurred in accommodation and food services (-1,251,000), followed by retail trade (-758,000), and other services (-698,000). Layoffs and discharges increased in federal government (+16,000).

And, with far fewer people getting fired, there was a modest increase in the number of people quitting their jobs, which rose to 2.1 million (+190,000). Quits rose to 2.0 million (+228,000) for total private and fell to 108,000 (-38,000) for government.  Quits increased in accommodation and food services (+88,000), durable goods manufacturing (+38,000), and transportation, warehousing, and utilities (+27,000). Quits decreased in state and local government education (-26,000), state and local government, excluding education (-25,000), and educational services (-22,000).

Published:7/7/2020 9:37:32 AM
[Robotics] Watch an army of Spot and Pepper robots cheerlead a baseball game in an empty stadium NPB games are known for engaging antics that extend well beyond the play on the field. But what’s to be done in the era of COVID-19 when baseball is played in front of an empty stadium? For many — including Korea’s KBO League and the upcoming shortened MLB season — cardboard cutouts are an attempt […] Published:7/7/2020 9:37:32 AM
[Political Cartoons] Grave Choices – Al Goodwyn Cartoon

By Al Goodwyn -

Grave Choices – Al Goodwyn Cartoon is original content from Conservative Daily News - Where Americans go for news, current events and commentary they can trust - Conservative News Website for U.S. News, Political Cartoons and more.

Published:7/7/2020 9:37:32 AM
[] Report: In Devastating Blow, Israel Sets Back Iran's Nuke Program Two Years Published:7/7/2020 9:05:01 AM
[Politics] WATCH: Terry Crews battles Don Lemon on what Black Lives Matter is really about… Last night Terry Crews was on with CNN’s Don Lemon to discuss a tweet he posted saying that Black Lives Matter needs to make sure it doesn’t morph into Black Lives Better. . . . Published:7/7/2020 9:05:01 AM
[Politics] WATCH: Terry Crews battles Don Lemon on what Black Lives Matter is really about… Last night Terry Crews was on with CNN’s Don Lemon to discuss a tweet he posted saying that Black Lives Matter needs to make sure it doesn’t morph into Black Lives Better. . . . Published:7/7/2020 9:05:01 AM
[Politics] GOP Convention Attendees Will Be Tested Daily for Coronavirus Those attending the Republican National Convention in Jacksonville, Florida, where President Donald Trump is set to accept the party's presidential nomination, will be tested every day for COVID-19. Erin Isaac, spokeswoman for the host committee of the Jacksonville portion... Published:7/7/2020 9:05:01 AM
[Entertainment] Review: ‘Conspiracy’ tells of gold rush and Gilded Age greed Author Paul Starobin recounts a jaw-dropping tale of greed in the Gilded Age Published:7/7/2020 9:05:01 AM
[Markets] The Dow Is Dropping Because the Market’s Fear Gauge Is Still Too High A few hundred points here, a couple hundred points there, and the market is, as some have called it, “violently flat.” A look at the Cboe Volatility Index, or VIX, explains why. Published:7/7/2020 9:05:01 AM
[IJR] McConnell Mulls Over Possibility of Direct Payments for Next Coronavirus Relief Bill McConnell appears open to the idea of another round of direct payments. Published:7/7/2020 9:05:01 AM
[Markets] Behind Tesla's Mindblowing Rally: A Flood Of Daytrading Robinhooders Behind Tesla's Mindblowing Rally: A Flood Of Daytrading Robinhooders Tyler Durden Tue, 07/07/2020 - 10:01

The tremendous Tesla rally continued this morning when the stock surged another $50 in early trading, adding another $9BN in value or roughly the market cap of Halliburton, on absolutely no news. In fact over the past week TSLA is now up 50% on absolutely no news.

The early ramp pushed TSLA market cap to a record $265 billion, making it the same size as Home Depot and, as noted yesterday, bigger than Intel, Netflix, Walt Disney, AT&T, Bank of America and almost all other S&P 500 companies.

So what is behind this ramp? Why the usual retail investor flood of course: according to RobinTrack TSLA - which is already the 12th most popular stock on Robinhood - was the most aggressively bought stock on the retail-heavy exchange in the past 24 hours...

... as retail investors just can't get enough.

Published:7/7/2020 9:05:01 AM
[Markets] Mark Hulbert: Retired and want to try day trading? Read this first Believe it or not, there are some circumstances in which it’s OK to try
Published:7/7/2020 9:05:01 AM
[World] House Democrats Threaten to Shut Down the Government Over Statues Published:7/7/2020 8:37:13 AM
[] Central Park "Karen" facing criminal charges. We're getting a little carried away here Published:7/7/2020 8:37:13 AM
[] 'You can be more (or less) than your injury!' Wounded Warrior Johnny ‘Joey’ Jones graciously - but totally - shuts down Tammy Duckworth playing disability card Published:7/7/2020 8:37:13 AM
[SPY] Wall Street Breakfast: Social Media Meets Social Justice Published:7/7/2020 8:37:13 AM
[Entertainment] The MacDowell Colony artist retreat renames itself MacDowell One of the country’s oldest retreats for artists — The MacDowell Colony — will drop “Colony” from its name and call itself “MacDowell.” Published:7/7/2020 8:37:12 AM
[Politics] Mick Mulvaney: Lawmakers Shouldn't Use Stimulus for Political Points Another coronavirus stimulus package is likely to pass before the end of the month that could further help out-of-work employees, former White House Office of Management and Budget Director Mick Mulvaney said Tuesday, but he fears lawmakers will use the measure for their... Published:7/7/2020 8:37:12 AM
[Entertainment] Disappointment Was All Around on 90 Day Fiancé: The Other Way 90 Day Fiance: The Other Way Season 2Oh, Jihoon. What are they going to do with you? On 90 Day Fiancé: The Other Way, Deavan, the two kids and her mom made their way to the new apartment Jihoon secured for them to call...
Published:7/7/2020 8:37:12 AM
[Markets] Project Syndicate: Robert Shiller explains the pandemic stock market and why it’s decoupled from the economy The stock market has gone through three phases during the pandemic: Denial, fear and fear of missing out.
Published:7/7/2020 8:37:11 AM
[Aerospace] High Earth Orbit Robotics uses imaging satellites to provide on-demand check-ups for other satellites Maintaining satellites on orbit and ensuring they make full use of their operational lifespan has never been more important, given concerns around sustainable operations in an increasingly crowded orbital environment. As companies tighten their belts financially to deal with the ongoing economic impact of COVID-19, too, it’s more important than ever for in-space assets to […] Published:7/7/2020 8:37:11 AM
[Democrats] Mount Rushmore then and now (Scott Johnson) The Washington Free Beacon has put together the SUPERcuts video below illustrating the Orwellian revision of Mount Rushmore. Past statements pretending to admiration are going down the memory hole. Oh, Big Brother Sibster. And don’t forget: IGNORANCE IS STRENGTH. If we didn’t understand before, we should be getting a handle on the importance of this axiom right about now now. Perhaps what we have here is progress of a kind. Published:7/7/2020 8:37:11 AM
[Volokh Conspiracy] [Josh Blackman] Part II: Barr v. AAPC and Content-Based Discrimination Justice Gorsuch does not agree with, or even cite, Reed v. Town of Gilbert. Published:7/7/2020 8:37:11 AM
[f18af48b-3a61-5dd9-881f-b0bd2415ebeb] 'Hamilton' creator Lin-Manuel Miranda calls criticism of the play's slave-owning characters 'fair game' “Hamilton” creator Lin-Manuel Miranda called criticism of the smash-hit Broadway musical “fair game” following its release on the Disney+ streaming platform.  Published:7/7/2020 8:37:10 AM
[Markets] Global Stocks Cool Off as Virus Fears Return Global markets cooled off on Tuesday, retreating as coronavirus concerns re-emerged after the previous day’s surge on hopes for Chinese stimulus and a continued economic recovery. Published:7/7/2020 8:37:10 AM
[Markets] Nasdaq Panic-Bid Into The Green At The Open Nasdaq Panic-Bid Into The Green At The Open Tyler Durden Tue, 07/07/2020 - 09:36

Come on, this is just getting silly now...

All the other majors are still red...

"This is easy..."

 

Published:7/7/2020 8:37:10 AM
[IJR] Tom Hanks: If You Can’t Do These Three Things Amid Pandemic, ‘I Don’t Have Much Respect for You’ "If you can't do that, I don't have much respect for you." Published:7/7/2020 8:37:10 AM
[] Mid-Morning Art Thread Abend Im Café Bauer Lesser Ury... Published:7/7/2020 8:37:10 AM
[] Enough is enough, part II: Kemp calls up National Guard to quell Atlanta violence Published:7/7/2020 8:08:44 AM
[] Tick Tock, China: Mike Pompeo announces U.S. is 'looking at' banning TikTok Published:7/7/2020 8:08:44 AM
[Politics] Poll: Americans Trust Governors More Than Trump on Pandemic Forty-three percent of Americans approve of President Donald Trump’s handling of the coronavirus pandemic, compared to 55% who disapprove, according to an NBC News/SurveyMonkey poll. Published:7/7/2020 8:08:44 AM
[Markets] Shake Shack comparable sales fall 49%; new-location openings resume Shake Shack comparable sales fall 49%; new-location openings resume Published:7/7/2020 8:08:44 AM
[Entertainment] Pussy Riot member faces new charges in Russia A member of the Pussy Riot protest group has been charged with failing to properly notify Russian authorities about his Canadian citizenship, officials said Tuesday Published:7/7/2020 8:08:44 AM
[17774408-082f-5a1a-9810-f96ea31d3a06] Kristian Alfonso is leaving 'Days of Our Lives' after 37 years Kristian Alfonso announced via Instagram on Monday that she is retiring from her iconic role. Published:7/7/2020 8:08:44 AM
[Entertainment] Bachelor's LaNease Adams Suffered Depression After "Racist Backlash" From Alex Michel's Season LaNease Adams, The Bachelor, Women Tell AllNearly two decades since she appeared on the inaugural season of The Bachelor, LaNease Adams has not forgotten the treatment she faced while starring on the milestone show and the suffering she...
Published:7/7/2020 8:08:44 AM
[IJR] Kanye West’s Company Received Millions in PPP Loan Amid Pandemic Kanye's company received millions. Published:7/7/2020 8:08:44 AM
[Markets] NewsWatch: The stock market is poised for a 40% drop, warns economist who says the current climate feels a lot like 1929 Gary Shilling, president of A. Gary Shilling & Co., is talking doom and gloom. Again.
Published:7/7/2020 8:08:44 AM
[Uncategorized] Crazy Woke: “It hurts people when they see a white man bouncing a brown baby on their lap” NYC Education Council local meeting is not parody, it's an example of the sickness sweeping progressives in the age of "White Fragility" Published:7/7/2020 8:08:44 AM
[Hardware] Motorola announces €349 5G phone for Europe, promises a sub-$500 model for US this year Last year Qualcomm announced the Snapdragon 765, promising to usher in an era of low-cost 5G devices. Motorola, naturally, was more than happy to take advantage of the technology. While the company has been flirting with premium devices (with mixed results), budget devices will almost certainly be the company’s bread and butter for the foreseeable […] Published:7/7/2020 8:08:44 AM
[Volokh Conspiracy] [Josh Blackman] A Disconnect in Legal Education: Former 3Ls Refuse to Take the Bar Exam in Person. Current 3Ls Demand to Take Classes in Person. I am skeptical how many current students actually want to learn on campus this fall. When push come to shove, they will realize that in-person instruction is too risky. Published:7/7/2020 8:08:44 AM
[Markets] Facebook Folds: Will Now Police Speech After Advertiser Exodus Facebook Folds: Will Now Police Speech After Advertiser Exodus Tyler Durden Tue, 07/07/2020 - 09:06

After holding itself out as a bastion of (semi) free speech, or at least the most hands-off in Silicon Valley, Facebook reversed course on Tuesday amid an advertiser exodus thanks to the Stop Hate for Profit campaign.

In addition to policing whatever their definition of 'hate speech' from now on and vowing to 'get better at removing hateful content,' CEO Mark Zuckerberg and COO Sheryl Sandberg will be meeting with leaders from groups including the NAACP and the Anti-Defamation league, which organized Stop Hate for Profit.

"Being a platform where everyone can make their voice heard is core to our mission, but that doesn’t mean it’s acceptable for people to spread hate. It’s not," Sandberg wrote in a Tuesday blog post, adding that on Wednesday Facebook would release its long-anticipated civil rights audit which began two years ago.

Sandberg said that while the audit had a "profound effect" on the company's culture, they won't be "making every change they call for," but will "put more of their proposals into practice soon."

Facebook has been pressured in recent weeks to better find and remove posts that include hate speech or lead to voter suppression. The Menlo Park, California-based company has responded to angry advertisers with emails and phone calls to better explain its policies and how it has used software systems to act more swiftly. -Bloomberg

Sandberg claims that the changes are "not for financial reasons or advertiser pressure, but because it is the right thing to do," adding "We are never going to be perfect, but we care about this deeply. We will continue to listen and learn and work in the weeks, months and years ahead."

Published:7/7/2020 8:08:44 AM
[Markets] Dow Jones Today, Futures Poised To End Win Streak: Tesla's $2,070 Bull Case; Novavax Spikes On Fed Covid-19 Funding Regeneron and Tesla were early leaders, as the Dow Jones looked set to pull back below 26,000, and futures were set to end the Nasdaq/S&P; 500 win streak. Published:7/7/2020 8:08:44 AM
[World] Georgia Governor Kemp To Deploy 1000 National Guard Troops to Atlanta Published:7/7/2020 7:38:36 AM
[Entertainment] What 13 Reasons Why's Legacy Will Be, According to Ross Butler 13 Reasons Why, Ross ButlerWith four seasons, 13 Reasons Why left behind a legacy of think pieces, headlines and studies about the effects of its subject matter on its audiences. But that won't be its legacy. According...
Published:7/7/2020 7:38:36 AM
[Quick Takes] Faculty at Princeton Accuse School of Anti-Blackness, Issue List of Demands "We call upon the administration to block the mechanisms that have allowed systemic racism to work, visibly and invisibly, in Princeton’s operations" Published:7/7/2020 7:38:36 AM
[Entertainment] Posthumous memoir by Sargent Shriver scheduled for January The late Sargent Shriver, the Peace Corps’ founding director and an architect of President Lyndon Johnson’s “War on Poverty,” left behind at least one unfinished project Published:7/7/2020 7:38:36 AM
[Markets] Dow Jones Today, Futures Set To End Win Streak: Tesla's $2,070 Bull Case; Novavax Spikes On Fed Covid-19 Funding Regeneron and Tesla were early leaders, as the Dow Jones looked set to pull back below 26,000, and futures were set to end the Nasdaq/S&P; 500 win streak. Published:7/7/2020 7:38:36 AM
[Markets] FDA issues alert on false positives from a Becton Dickinson coronavirus test FDA issues alert on false positives from a Becton Dickinson coronavirus test Published:7/7/2020 7:38:36 AM
[ccc549d2-6f10-5525-9a85-0255a71fee80] Jeffrey Epstein accuser Alicia Arden demands investigation into her 1997 report of sexual battery Days after the arrest of Ghislaine Maxwell, actress Alicia Arden is asking police in California why they seemingly ignored her claims of sexual battery at the hands of Jeffrey Epstein in 1997. Published:7/7/2020 7:38:36 AM
[Volokh Conspiracy] [Josh Blackman] Part I: Barr v. AAPC and Judicial Departmentalism Justice Kavanaugh recognize the difference between a judgment and precedent, but falls back to judicial universality. Published:7/7/2020 7:38:36 AM
[Markets] Melbourne Enters 6-Week Lockdown As COVID-19 Cases Surge; Iran Sees Record Daily Deaths: Live Updates Melbourne Enters 6-Week Lockdown As COVID-19 Cases Surge; Iran Sees Record Daily Deaths: Live Updates Tyler Durden Tue, 07/07/2020 - 08:31

As health officials in Beijing reported 8 new foreign cases of the virus and 15 asymptomatic cases on Tuesday afternoon, Australian health officials and officials in the country's second-most-populous state of Victoria announced that it would re-enter 'Phase 3' lockdown, joining a growing list of major cities - Lisbon, Madrid, Beijing - that have reimposed lockdown measures amid a resurgence in COVID-19 cases.

Just yesterday, Victoria (the home of Melbourne and the surrounding suburbs) and neighboring New South Wales (home to Sydney and the country's most populous state) announced plans to close borders to hard-hit Victoria, the first time in a century that these borders have been closed.

Cases have been climbing in Australia amid a new outbreak centered in Victoria that officials fear might spread across the country, now that social distancing measures have been largely unwound. Australia reported about 200 new cases on Tuesday, the highest daily total since late March.

As part of the new locksown measures, more than five million residents of Melbourne will be locked down for six weeks beginning Tuesday. The usual exceptions will apply, and the level of enforcement isn't yet clear.

Though New South Wales has reported more cases overall, Victoria has been the biggest contributor to the country's tally of new cases since the resurgence began weeks ago.

 As we await the latest round of US data, India has confirmed that its outbreak has topped 700,000 with 22,252 new infections, becoming just the 4th country to surpass that level. That daily number is down from 24,248 the previous day. The country's COVID-19 tally now stands at 719,665, while its death toll surpassed the 20,000 mark with 467 new deaths; it now stands at exactly 20,160

In Japan, Tokyo once again confirmed 106 new infections, extending a streak of 100+-case days to six. The capital has urged residents of the capital city to be cautious, and avoid nightlife spots.

The big vaccine news on Tuesday was China's Sinovac Biotech, which will begin Phase III trials of its coronavirus vaccine candidate in Brazil this month. 9,000 health-care professionals will be involved in the study, which will be conducted in partnership with Brazilian vaccine producer Instituto Butantan. Only two other candidates, including AstraZeneca's experimental vaccine (developed by researchers at the University of Oxford) along and another one developed by China National Pharmaceutical Group - aka Sinopharm - have made it to these late-stage trials already.

South Korea confirmed 44 new cases on Tuesady, down from 48 a day ago. Total infections reached 13,181 with deaths still at just 285.

In the Middle East, Iran recorded its highest daily number of new COVID-19 deaths with 200 fatalities reported in the past 24 hours. Iran reported 200 new deaths from the coronavirus, the most in a single day since the Middle East's deadliest outbreak began in February. The previous record was Sunday's 163 deaths.

"Unfortunately in the past 24 hours we have lost 200 of our compatriots, bringing the total number of victims to 11,931," health ministry spokeswoman Sima Sadat Lari said on state television.

Another 2,637 people have tested positive for the virus, taking the total official number of cases in Iran to 245,688.

In Africa, South Africa's confirmed total has surpassed 200,000 as the country continues to post some of the highest daily numbers in the world, as Al Jazeera pointed out.

The health ministry reported 8,971 new cases, bringing the total to 205,721, with nearly 1/3rd in the new hot spot of Gauteng province, which includes Johannesburg and Pretoria.

There are more than 477,000 confirmed cases on the African continent.

Published:7/7/2020 7:38:36 AM
[Politics & Ideas] Oh, Really? There’s No Cancel Culture? Come On.
View Post
Published:7/7/2020 7:38:36 AM
[] PEOPLE magazine DEBUNKS CNN viral segment on COVID-19 ICU admissions in San Antonio Published:7/7/2020 7:05:24 AM
[Politics] Economists Call for More Stimulus Checks to Fix Economy Direct cash payments can improve financial security, boost consumer spending and may speed up the recovery, according to a letter from a group of economists calling on U.S. policymakers to keep providing direct cash payments to Americans until the economy is stronger. Published:7/7/2020 7:05:24 AM
[Entertainment] Kourtney Kardashian Says She's Set "Free" After "Toxic" Experience on KUWTK Kourtney KardashianKourtney Kardashian is doing what makes her happy. The Keeping Up With the Kardashians star articulates this very point in her cover story for the July/August issue of Vogue Arabia....
Published:7/7/2020 7:05:24 AM
[Markets] Citigroup is bumping up its S&P 500 forecast, but warning of these stock risks Citigroup is bumping up its S&P 500 forecast, but warning of these stock risks Published:7/7/2020 7:05:24 AM
[Media] Now presenting Black Panthers of Minneapolis (Scott Johnson) KARE 11 reports that Protesters march from [the Mall of America] to George Floyd’s memorial.” I should think the news is that “Black Panthers of Minneapolis” were marching around town and blocking traffic while sporting what look to be AR-15s, but the reporter seems more interested in the angry comments of Tyrone Carter. Who are “Black Panthers of Minneapolis”? And were those things loaded? Good luck trying to find any Published:7/7/2020 7:05:24 AM
[Markets] Investors are hungry for income. Here are the 20 investment trusts they have been eyeing up this year Income-starved investors in the U.K. are turning to investment trusts as COVID-19 hits company dividends
Published:7/7/2020 7:05:24 AM
[Markets] Futures Fall As Europe Slides, Chinese Media Talks Back Rally Futures Fall As Europe Slides, Chinese Media Talks Back Rally Tyler Durden Tue, 07/07/2020 - 08:01

One day after a torrid ramp in Chinese stocks sent US futures surging and the Nasdaq hit a fresh all time high, on Tuesday Emini index futures slipped following the benchmark S&P 500 and Nasdaq’s five-day rally, as European stocks slumped after officials warned the economy will take longer to recover and Germany reported weaker-than-expected industrial data, the rally in China fizzled after officials talked back their previous urges to buy stocks, and investors weighed the risks to the conomy from tens of thousands of new coronavirus cases nationwide.

On Monday, Miami became the latest U.S. coronavirus hot spot to roll back its reopening while Texas registered an all-time high in the number of people hospitalized at any one moment with COVID-19 for the eight straight day. Travel-related stocks fell in premarket trading. United Airlines Holdings and American Airlines were down 3% and 2.8%, respectively. Royal Caribbean Group and Norwegian Cruise Line Holdings also dropped about 3% each, even as they announced a joint task force to help develop safety standards for restarting their businesses.

The latest virus news dented bullish sentiment after a surprise surge in the U.S. Services ISM and record job additions in June were among the upbeat data recently that have bolstered views that an economic recovery is underway, helping the Nasdaq close at a record level on Monday and pushing S&P 500 about 45% from its March lows.

Sentiment also reversed in Europe, where all but one of the 19 industry groups in the Stoxx Europe 600 Index fell, with real estate and technology shares bearing the brunt of the selling after Germany reported far weaker than expected industrial production data. Bayer AG lost 5.5% after its plan for handling future Roundup cancer claims hit a snag.

On the other end, BMW rose as much as 1.4%, and was the best performer on the Stoxx 600 Automobiles & Parts Index, after posting 17% jump in 2Q car sales in China. The index was the only positive segment on broader European share gauge; other gainers as of 12:01pm in Paris include Valeo +1.1%, Faurecia +0.8%, Fiat Chrysler +0.6%, Continental AG +0.5%.

The European Commission gave its starkest warning yet about the impact of the pandemic, with the divergences between richer and poorer countries opening up even further than projected two months ago. Officials now forecast a contraction of 8.7% in the euro area this year, a full percentage point deeper than previously predicted.

Earlier in Asia, while Chinese stocks powered ahead for a sixth day, the rally was at a far slower pace, with the Shanghai Composite Index rising just 0.4% after the 5.7% surge one day earlier, with Maoye Commercial Co Ltd and Hangzhou Jiebai Group posting the biggest advances.

China's rally fizzled after all four major state-owned financial media outlets had front page commentaries on the stock market today, with all articles saying largely the same - calls on market participants to be rational. Most Asian stocks fell, led by energy and utilities, after rising in the last session, with Hong Kong's Hang Seng Index and South Korea's Kospi Index turning red. Trading volume for MSCI Asia Pacific Index members was 111% above the monthly average for this time of the day. The Topix declined 0.3%, with Tosei and Miyakoshi falling the most.

In rates, Treasuries were largely unchanged across the long-end of the curve following mixed performance of Asia stocks; further rally halted with bunds underperforming ahead of EU4b 5-year EFSF deal pricing and looming Irish supply this week. Treasuries also face supply pressure starting with 3-year note auction at 1pm ET, ahead of 10- and 30-year sales to round off the week. Treasury yields were lower by ~1bp across 20- to 3-year sector, little change rest of the curve; 10-year yields around 0.675% while bunds underperform by 1.5bp, gilts trade broadly inline.

In FX, the Bloomberg Dollar Index snapped a five-day losing streak as the global equity rally paused on Tuesday after a strong start to the week. China’s offshore yuan erased gains after briefly strengthening past the 7 per dollar level for the first time since March 17. The offshore yuan weakened 0.14% as of 6:34 p.m. in Hong Kong. It rose as much as 0.24% to 6.9966 against the greenback in morning session, as Chinese stocks rallied before paring gains in afternoon trade. The currency traded little changed in the onshore market after adding 0.27% earlier Tuesday. A rebounding dollar and renewed concerns about the pandemic after an Australian state announced a lockdown contributed to the yuan’s weakening this afternoon, said Gao Qi, an Asian FX strategist at Scotiabank. But the retreat will likely be a “one-off event,” as bullish sentiment in the stock market will continue to support demand for the currency, he said. “The yuan should advance in the coming sessions to reach 6.90 by the end of July,” he said.

The Australian dollar swung lower after the country’s second- most populous state announced a six-week lockdown to control a wave of infections. Leveraged funds initiated short positions ahead of the lock-down announcement, a trader said, with losses extending after Victoria Premier Daniel Andrews announced a longer-than- expected shutdown. “The local media was suggesting four weeks prior to the announcement, and now it’s six weeks,” said Ray Attrill, head of foreign-exchange strategy at National Australia Bank Ltd. in Sydney. “A justifiable knee jerk, albeit small, negative reaction.”

In commodities, oil dropped and iron ore futures jumped. WTI and Brent crude futures remained on the backfoot, if off lows, as the complex tracks broader market sentiment. Furthermore, the European Commission cutting the EZ and EU growth forecasts added to the bearish factors. WTI Aug resides just above the USD 40/bbl (vs. high 40.79/bbl) having tested the level earlier in the session, whilst Brent Sep relinquished its USD 43/bbl (vs. high 43.19/bbl) handle before finding mild support at the psychological 42.50/bbl. Looking ahead, in the absence of virus/China related headlines, participants will be eyeing the release of the EIA Short-Term Energy Outlook for any potential revisions to global oil demand given the resurging COVID-19 cases, thereafter, focus will turn to the Private Inventory numbers for short-term volatility. Elsewhere, spot gold has fallen victim to the rising Buck as the yellow metal slid from near-8yr highs of around USD 1787/oz to find some solace around the psychological USD 1775/oz. In terms of base metals, Shanghai copper hit a 2020 high amid supply woes coupled with hopes of a rebounding Chinese economy. Similarly, Dalian iron ore was underpinned by China optimism alongside doubts over the prospected of a recovery in Brazilian iron shipments.

 

Market Snapshot

  • S&P 500 futures down 0.8% to 3,148.00
  • MXAP down 0.7% to 164.30
  • MXAPJ down 0.8% to 541.83
  • Nikkei down 0.4% to 22,614.69
  • Topix down 0.3% to 1,571.71
  • Hang Seng Index down 1.4% to 25,975.66
  • Shanghai Composite up 0.4% to 3,345.34
  • Sensex up 0.05% to 36,505.16
  • Australia S&P/ASX 200 down 0.03% to 6,012.92
  • Kospi down 1.1% to 2,164.17
  • STOXX Europe 600 down 1.1% to 367.33
  • German 10Y yield fell 1.7 bps to -0.448%
  • Euro down 0.3% to $1.1277
  • Italian 10Y yield fell 1.4 bps to 1.113%
  • Spanish 10Y yield fell 1.1 bps to 0.414%
  • Brent futures down 1% to $42.69/bbl
  • Gold spot down 0.4% to $1,777.09
  • U.S. Dollar Index up 0.3% to 97.03

Top Overnight News

  • Europe’s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm.
  • China’s equity market is firmly in the spotlight after an almost unprecedented rally that helped lift global stocks to a one-month high.
  • The amount of U.S. bonds and loans trading at distressed levels has increased for a second straight week as corporate borrowers potentially face another round of lockdowns amid a resurgence of the coronavirus.
  • France’s decision to give only temporary security approval for fifth-generation mobile equipment shows the government intends to gradually sideline Huawei Technologies Co., a majority party lawmaker said.

Asian equity markets were somewhat choppy as participants began to second guess the viability of the recent Chinese stocks surge which had already reverberated across global counterparts on Monday to lift all major indices on Wall Street and push the Nasdaq to a fresh record high. ASX 200 (U/C) swung between gains and losses as strength in the mining related sectors was initially offset by early weakness in energy, utilities and financials, while second wave fears concerning Australia’s 2nd largest city of Melbourne and the RBA policy announcement further added to the tentative tone. Nikkei 225 (-0.4%) lagged after Household Spending data showed the largest decline on record and the KOSPI (-0.7%) also failed to hold on to early gains as the initial support in Samsung Electronics following a beat in preliminary Q2 results which eventually wore thin. Hang Seng (-1.4%) and Shanghai Comp. (+0.4%) both extended on the prior day’s stellar rally but are off their best levels with the momentum gradually dissipating amid several bearish factors such as another substantial liquidity drain by the PBoC and with Chinese press calling for rationality in the stock markets, while the recent headlines also continued to add to the ongoing China vs. the West narrative including the warning from China’s Ambassador to the UK that it will have to bear the consequences if it treats China as a hostile country. Finally, 10yr JGBs were marginally higher amid underperformance in Japanese stocks following the abysmal Household Spending data and with upside also briefly spurred by mostly firmer results at the 30yr JGB auction.

Top Asian News

  • Lebanon’s Economic Crisis Is Spinning Out of Control, Fast
  • Samsung’s Profit Beat May Precede Slowing Chip Sales Growth
  • Australia Warns Citizens They Risk ‘Arbitrary’ Arrest in China
  • SoftBank Hits 20-Year High With $68 Billion Climb Out of Nadir

European stocks have continued to bleed [Euro Stoxx 50 -1.3%], as the mostly positive APAC sentiment dissipated when European players entered the fray. Downside in futures was initially seen overnight as the optimism over China’s recent performance fizzled out amid rising reported cases, which led to the Australian State Premier imposing a six-week lockdown on Melbourne, whilst case numbers remained heightened in other parts of Asia. Furthermore, the European Commission cutting its 2020 and 2021 growth forecasts, due to less swift than expected reopening, only dampened the mood. As such, major bourses trade with broad-based losses of some 1%, but in the periphery, Italy’s FTSE MIB (-0.3%) fares slightly better as losses in banking names were somewhat cushioned by reports the ECB's Funding to Italian Banks in June rose to EUR 345.226bln vs. EUR 290.963bln in May, although reports noted that the ECB is to consider asking banks to withhold dividend for longer. Sectors remain in negative territory with no clear risk-tone to be derived on that front as cyclicals and defensives remain mixed. Delving deeper into the sectors, a similar performance, but Travel & Leisure resides among the laggard amid the aforementioned dampened sentiment regarding reopening economies. In terms of individual movers, Wirecard (-14%) extended on losses, with reports also noting that payment group Mastercard was warned about Wirecard’s links to an alleged laundering network around four years ago. Micro Focus (-10.3%) holds its place as a laggard after reporting an impairment charge of USD 922.2mln in H1. Bayer (-7%) shares remain pressured after a U.S. judge questioned the Co’s proposed settlement to deal with future claims regarding its weedkiller. On the flip-side, BMW (+1.0%) nursed opening losses after a trading update in which, despite a H1 YY sales decline of 23%, noted that Q2 China sales have exceed the prior and are seeing initial signs of recovery in some markets as of end-Q2. Finally, in terms of commentary, Blackrock has downgraded US equities on risk of fading fiscal stimulus whilst upgrading Europe to overweight.

Top European News

  • Europe Sees Deeper Slump With Fresh Warning on Uneven Virus Hit
  • Hungary Posts Biggest Increase in Coronavirus Cases in a Month
  • France Begins to Sideline Huawei From Its Mobile Networks
  • Macron Picks a Government to Rebuild France’s Economy

In FX, a further erosion of bullish risk sentiment has helped the Dollar regain composure and its status as a safe haven following less pronounced gains in Chinese equities overnight and a more mixed session for APAC bourses overall. Hence, the index is back on the 97.000 handle from a low of 96.565 at one stage on Monday and extending recovery gains on the back of a much better than expected services ISM survey.

  • AUD - The Aussie is bearing the brunt of the turnaround in risk assets and heightened 2nd wave COVID-19 concerns as Melbourne extends anti-virus measures amidst another rise in cases, with Aud/Usd reversing sharply from just shy of the 0.6900 level towards 0.6920 alongside Usd/CNH bouncing from a fraction below 7.0000. For the record, no surprises from the RBA that reaffirmed wait-and-see guidance, but clearly the economic outlook will be adversely impacted by the aforementioned outbreak in the state of Victoria.
  • NZD/EUR/JPY/CAD/CHF/NOK/SEK/GBP - All unwinding more of their recent gains relative to the Greenback, as the Kiwi retreats from around 0.6580 to 0.6520 irrespective of a modest improvement in NZIER Q2 confidence, while the Euro has relinquished 1.1300+ status to test the resolve of decent option expiry interest between 1.1265-75 (1.5 bn). However, the Yen is still pivoting 107.50 and Loonie holding above 1.3600 post-weaker than forecast Japanese household spending data and pre-Canadian Ivey PMIs. Elsewhere, the Franc is hovering circa 0.9450 and 1.0650 vs the single currency, Eur/Nok is near 10.6500 in wake of a steeper decline in Norwegian manufacturing output and Eur/Sek is straddling 10.4500 even though Swedish ip and orders were mixed. Elsewhere, Cable has lost grip of 1.2500 yet again, albeit finding underlying bids ahead of 1.2450 and support some 10 pips below.
  • EM - Broad deterioration on the downturn in risk appetite, but the Rand underperforming following a more pronounced than anticipated fall in SA consumer morale.

In commodities, WTI and Brent crude futures remain on the backfoot, albeit off lows, as the complex tracks broader market sentiment, as participants regain focus on rising COVID-19 infection rates which prompted the re-imposition of lockdown measures in some cities, whilst others see their gradual easing plans hindered. Furthermore, the European Commission cutting the EZ and EU growth forecasts added to the bearish factors. WTI Aug resides just above the USD 40/bbl (vs. high 40.79/bbl) having tested the level earlier in the session, whilst Brent Sep relinquished its USD 43/bbl (vs. high 43.19/bbl) handle before finding mild support at the psychological 42.50/bbl. Looking ahead, in the absence of virus/China related headlines, participants will be eyeing the release of the EIA Short-Term Energy Outlook for any potential revisions to global oil demand given the resurging COVID-19 cases, thereafter, focus will turn to the Private Inventory numbers for short-term volatility. Elsewhere, spot gold has fallen victim to the rising Buck as the yellow metal slid from near-8yr highs of around USD 1787/oz to find some solace around the psychological USD 1775/oz. In terms of base metals, Shanghai copper hit a 2020 high amid supply woes coupled with hopes of a rebounding Chinese economy. Similarly, Dalian iron ore was underpinned by China optimism alongside doubts over the prospected of a recovery in Brazilian iron shipments.

US Event Calendar

  • 10am: JOLTS Job Openings, est. 4,500, prior 5,046
  • 9am: Fed’s Bostic Takes Part in Webinar on Economy
  • 1pm: Fed’s Quarles Makes Financial Stability Board Remarks
  • 2pm: Fed’s Daly and Barkin Takes Part in NABE Talk on Economy

DB's Jim Reid concludes the overnight wrap

It was Sports Day yesterday at school and like all major sporting events at the moment it was behind closed doors. Maisie told us she won a race but wasn’t particularly specific as to which one. I’m hoping it was the straight sprint but it could obviously be the egg and spoon, beanbag, or wheelbarrow races. In practice over the last month she hasn’t come first in any of the races so I’m proud she’s a big match performer. No point wasting energy when it doesn’t matter. Hopefully lots of ice cream wasn’t on the banned substance list or the medal may eventually be stripped.

The main story in markets yesterday was a race towards a new record for the NASDAQ and a fifth successive rise for the S&P 500 for the first time since December. By the end of the session, the S&P was up +1.59%, with the NASDAQ (+2.21%) closing at an all-time high, something that caught the attention of President Trump, who tweeted about the fact not long after the US session opened. It was one of the quietest days in quite some time for the S&P. After the large overnight move, the index traded within a 27pt range the rest of the day compared to the 55pt average daily range over the last month. In fact, the S&P has only traded within a 27pt range for the entire day 4 other times since it was at all-time highs on February 19. The NASDAQ’s new record was assisted by Amazon, which rose by +5.77% to its own record high, with the company’s share price climbing above $3,000 for the first time thanks to an incredibly strong +65.44% YTD performance. Meanwhile in Europe, the STOXX 600 was up +1.58% at its highest level in nearly a month. Banks (+3.89%) and Autos (+2.56%) led the index higher, as there continues to be a strong value and cyclical theme to the European equity recovery.

The risk-on move was given some added fuel after the ISM non-manufacturing index from the US came in at a much stronger-than-expected 57.1 (vs. 50.2 consensus), a number that was above every estimate on Bloomberg’s survey. And this also comes after last week’s manufacturing ISM rose to 52.6. That said, it’s worth noting that the employment number was not as strong, at just 43.1 (up from May’s 31.8), and already the rise in cases in many US states has led to a reversal in the mobility data, which presents a serious downside risk when it comes to the economic recovery.

The last bit of fuel for yesterday’s US move was word out of Washington D.C. that Senate Majority Leader Mitch McConnell foresees Congress passing another round of fiscal stimulus by the end of this month. The Senator had been fairly circumspect on wanting to see whether the economy needed further action before increasing federal spending, but signaled yesterday that it is indeed needed, saying “This is not over. We are seeing a resurgence in a lot of states… I think the country needs one last boost.” Senate Republicans have called a $3.5trl Democrat-sponsored bill that passed the House in May a nonstarter and are assembling a package with closer to $1trl in total spending.

Asian markets are trading a bit more mixed this morning with the Nikkei (-0.45%) and Kospi (-0.27%) down while in contrast the Hang Seng (+0.12%), ASX (+0.68%) and Shanghai Comp (+1.32%) are up. The CSI 300 is also up +1.82% so there’s been little let up in the rally for Chinese equities and that comes despite China’s Securities Times striking a slight more balanced tone overnight by running a story suggesting that investors should be mindful of potential risks and not use the market as a way to make a fortune. Elsewhere, futures on the S&P 500 are down -0.18% and crude oil prices are down c. -0.30%. In terms of data out this morning, Japan’s May household spending fell by -16.2% yoy (vs. -11.8% expected), the biggest fall in data going back to 2001. This was even as businesses began to reopen and more people ventured out after a nationwide state of emergency was lifted.

Here in the UK, details of Chancellor Sunak’s speech tomorrow are emerging slowly with Bloomberg reporting overnight that he will announce GBP3bn of investments into environmental projects. The treasury has already said that the Chancellor will also announce GBP1.6bn of measures for arts and culture sector as well as spending of c. GBP1bn on tripling the number of traineeships nationwide and doubling the number of work coaches in job centers.

In other overnight news, Hong Kong asserted broad new police powers including warrant-less searches, online surveillance and property seizures under the new security law with City’s Chief Executive Carrie Lam saying that “This law will be enforced very stringently and people’s concerns will be eased.” Lam also reaffirmed that much of the implementation of the law would be managed in secret, saying that a committee created to oversee it wouldn’t release details from future meetings.

Moving on. When it comes to the coronavirus, yesterday saw the typical slower Monday rise in new cases across many US states due to weekend effects. However the more concerning news for the country is that more states are seeing effective transmission rates (Rt) above 1.0 than in recent weeks. As of yesterday, rtlive estimated that 41 of the 50 states had an Rt value over 1.0, compared to roughly 30 over the past 2 weeks. There is a large amount of uncertainty however, as only one state has a confidence interval entirely under 1.0 (Connecticut) while just three have intervals entirely over 1.0 (WY, WI, MT), though Florida is very close. Specifically cases in Florida rose by a further 3.2% yesterday, but well under the weekly average of 5.1%. Monday has recently seen the week’s lowest daily rise in cases so we would expect to see a sharper rise over the coming days. A similar story emerged in Arizona where new cases rose by 3.4%, below the 4.1% 7 day average. The state also released confirmation that 61% of total cases involve people under 44 years old.

Obviously we need to track the data carefully over the next couple of days as they’ll likely be some catch up from the long weekend in the US. For now you can see the latest state of play in our daily case and fatality tables by clicking “view report” at the top. This also shows that India is now the third most infected country, with confirmed cases nearly at 700K.

Another asset class that did well yesterday was commodities, with Brent Crude up +0.70% near a 4-month high, copper rising a further +1.19% to reach a fresh 5-month high, and gold rising +0.49% to close at a 7-year high. Meanwhile in fixed income, there was a continued narrowing in sovereign bond spreads following last week’s moves. Indeed, the spread of Greek 10yr yields over bunds was down by -1.2bps to 158bps, its lowest level since worries about the pandemic in Europe began in earnest in late February. Core bond yields edged slightly higher however, with 10yr Treasuries up +0.7bps.

Looking at Europe’s data releases yesterday, the main item was the Euro Area retail sales print for May, which surpassed expectations with a +17.8% increase, even if this is still down -5.1% on a year-on-year basis. Over in Germany, factory orders rose by a less-than-expected +10.5% in May (vs. +15.4% expected), with the year-on-year number still down -29.3%. Finally, we got the construction PMIs from Germany and the UK. The German reading only saw a small increase to 41.3, but in the UK there was a big jump to 55.3 (vs. 28.9 in May), its strongest reading since July 2018.

To the day ahead now, and the data highlights include German industrial production and Italian retail sales for May, along with the US JOLTS job openings for the same month. Otherwise, central bank speakers include the Fed’s Bostic, Daly and Barkin, along with the BoE’s Haldane.

Published:7/7/2020 7:05:24 AM
[Aerospace] Alphabet’s Loon launches its balloon-powered Kenyan internet service Alphabet’s Loon has officially begun operating its commercial internet service in Kenya . This is the first large-scale commercial offering that makes use of Loon’s high-altitude balloons, which essentially work as cell service towers that drift on currents in the Earth’s upper atmosphere. Loon’s Kenyan service is offered in partnership with local telecom provider Telkom […] Published:7/7/2020 7:05:24 AM
[News] Party-Switching Congressman Who Pledged Loyalty to Trump Sparks Heated NJ Primary He will face challenges from all sides on Tuesday. Published:7/7/2020 6:35:50 AM
[Politics] Biden, DNC Sync Operations to Avoid 2016 Pitfalls Joe Biden's campaign and the Democratic National Committee are working in lockstep to defeat President Donald Trump in November -- ending years of discord dating back to 2008 between the party's nominee and its central leadership. The close collaboration between Biden and... Published:7/7/2020 6:27:37 AM
[Markets] White House "Looking Into" Banning TikTok, Pompeo Says White House "Looking Into" Banning TikTok, Pompeo Says Tyler Durden Tue, 07/07/2020 - 07:16

After an intrepid group of "TikTok Teens" purportedly sabotaged President Trump's Tulsa, Oklahoma campaign comeback rally by 'fraudulently' requesting "1 MILLION TICKETS" as Trump Campaign Manager Brad Parscale put it in a tweet when he announced the numbers. By doing this, the media narrative goes, the teens supposedly stopped thousands of eager Oklahoman Trump supporters (read: racists) from obtaining tickets to the rally.

Of course, we later learned that it didn't really go down like that. And even NYT social media reporter Taylor Lorenz urged readers to accept her reporting with a grain of salt. Still, CNN was happy to run with the story.

But before the liberals break out the ukeleles and start strumming the opening to "I Believe the Children are the Future", Secretary of State Mike Pompeo told Fox News Host Larua Ingraham during a Monday evening interview that the administration is "looking into" the possibility of banning the app in the US.

WaPo noted that Pompeo's interview, and his comments on TikTok, followed the TikTok teens sabotage campaign. But this is hardly the first time the secretary of state has warned about the dangers of using the app. At this point, we wouldn't be surprised to learn that the White House sees this as a bunch of gullible American teenagers being manipulated like a gang of 'useful idiots' by the CCP. Notably, Kellyanne Conway's teenage daughter is now using the app to thoroughly embarrass the bejeezus out of her mother by airing the family dirty laundry in public.

India recently banned TikTok and dozens of other Chinese apps, and Ingraham was simply asking if the Trump Administration, which has been ratcheting up the pressure on China, might consider pursuing a similar tack.

“We’re certainly looking at it,” Pompeo said, adding that the administration was taking the issue “very seriously.” “With the respect to Chinese apps on people’s cellphones, I can assure you the United States will get this one right.”

But he added: "I don’t want to get out in front of the president, but it’s something we’re looking at.”

Asked if he could endorse Americans downloading the app to their phones, Pompeo replied: "Only if you want your data in the hands of the Chinese Communist Party."

If you have any doubts about whether TikTok is working to expand the influence of the CCP in the US, give this WSJ story published last month a read...

Published:7/7/2020 6:27:36 AM
[Entertainment] Former Kasabian frontman pleads guilty to assault Former Kasabian frontman Tom Meighan has been sentenced to 200 hours of unpaid work after pleading guilty at Leicester Magistrates’ Court to assaulting his former fiancée Published:7/7/2020 6:27:36 AM
[Coronavirus] Coronavirus in one state (68) (Scott Johnson) In the data posted yesterday the authorities attributed three new deaths to COVID-19, including one resident of a long-term care facility. LTC deaths make up 78.4 percent of the total. Hospitalizations continue to decline. The median age of decedents — reported, most recently, in the July 2 weekly report — has now reached 83.6. What is happening here? Kevin Roche comments: One thing is clear, deaths and hospitalizations have fallen Published:7/7/2020 6:27:36 AM
[Markets] Market Snapshot: Dow futures pull back 240 points after previous day’s rally U.S. stock-index futures on Tuesday were trading lower, as investors reassessed the economic and public-health environment following a strong rally to start the month in the previous session.
Published:7/7/2020 6:27:36 AM
[Europe] Berlin’s Cavalry Ventures closes €80M, backed by DACH founders and EIF Cavalry Ventures, the Berlin-based early-stage venture fund which was the lead inceptor into BRYTER, has closed its second fund of €80M, more than 3.5x the size of its maiden fund. Geared somewhat like a large Angel syndicate, Cavalry’s LPs tend to be active founders and other LPs in early-stage funds in the DACH region, and […] Published:7/7/2020 6:27:36 AM
[News] US Government Awards Novavax $1.6 Billion for Coronavirus Vaccine "What this Warp Speed award does is it pays for production of 100 million doses." Published:7/7/2020 6:27:36 AM
[] The Morning Report - 7/7/20 Good morning, kids. Tuesday, and for the first time ever, I am getting a definite sense that American Blacks are finally seeing the multi-generational abuse they have suffered at the hands of the Democrat Party. It is beyond tragic... Published:7/7/2020 6:27:36 AM
[Entertainment] 5 Things We Learned From Demi Lovato's Most Candid Interview in Quarantine Demi Lovato, BustleIt's okay to give your heart a break in quarantine. While fans know by now that Demi Lovato has been spending more time with boyfriend Max Enrich, the music superstar has partially...
Published:7/7/2020 6:07:38 AM
[Uncategorized] Mongolia Quarantines Region Next to China’s Border After Outbreak of Bubonic Plague Why was such dramatic action was taken, given that the disease is well understood and treatments are readily available? Published:7/7/2020 6:07:38 AM
[cef83fc5-44f2-57b7-9717-5daad62939e0] Cal Thomas: Mr. Trump, in 2020 political lightning could strike again if you do this Whether you believe polls or not, Trump seems behind in several categories that matter Published:7/7/2020 6:07:38 AM
[Volokh Conspiracy] [Josh Blackman] Today in Supreme Court History: July 7, 1893 7/7/1893: Justice Samuel Blatchford dies. Published:7/7/2020 6:07:38 AM
[Markets] Venture funding remains elusive for Black tech entrepreneurs Venture capital, from Silicon Valley to New York, remains an industry deeply rooted in its investing and hiring patterns, self perpetuating funding for a limited number of privileged companies that are overwhelming white, male, and Ivy League-educated.
Published:7/7/2020 6:07:37 AM
[AMZN] Shopify: Getting Ahead Of Its Skis Published:7/7/2020 5:34:19 AM
[b8bba61d-9e97-5c0d-b651-cfa34a1f4cbe] Smith and Von Spakovsky: Supreme Court's decision on 'faithless' electors is a victory for We the People All nine justices of the Supreme Court agreed on Monday that states can enforce pledges made by presidential electors. Published:7/7/2020 5:34:19 AM
[Markets] Novavax getting $1.6 billion in government funding to develop COVID-19 vaccine Novavax getting $1.6 billion in government funding to develop COVID-19 vaccine Published:7/7/2020 5:34:19 AM
[Markets] Dow Jones Futures Fall After Apple, Amazon, Tesla, Microsoft Lead Coronavirus Stock Market Rally; Alibaba, Dexcom, Chipotle Break Out Dow Jones futures fell Tuesday after Monday's strong coronavirus stock market rally, as Apple, Amazon and Tesla led the way. Alibaba broke out. Published:7/7/2020 5:34:19 AM
[Markets] European stocks, Dow futures reverse part of Monday's gains European stocks, Dow futures reverse part of Monday's gains Published:7/7/2020 5:06:16 AM
[Europe] K Fund has another €70M to back early-stage Spanish startups and is launching a pre-seed program K Fund is officially outing its fund II today, which sits at €70 million, up from €50 million the first time around. The remit remains the same, however: targeting Spanish startups with an international outlook, the seed-stage firm plans to invest from €200,000 to €2 million, writing first checks in 25-30 companies. A portion of […] Published:7/7/2020 5:06:16 AM
[Markets] Tax Guy: Thinking about loaning money to a family member? Here’s how to avoid a tax headache Weird and unwanted tax complications can arise when you make a below-market loan to a family member.
Published:7/7/2020 5:06:16 AM
[Entertainment] The brief life cycle of Quibi, from promising start to industry laughingstock Quibi wants us to watch its dramas. We'd rather read about company drama instead. Published:7/7/2020 5:06:16 AM
Top Searches:
books
FBI
books1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45
-1'
obama
dow
NASA
obamacare
dow1111111111111' UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45,8
books1111111111111 UNION SELECT CHAR(45,120,49,45,81,45),CHAR(45,120,50,45,81,45),CHAR(45,120,51,45,81,45),CHAR(45,120,52,45,81,45),CHAR(45,120,53,45,81,45),CHAR(45,120,54,45,81,45),CHAR(45,120,55,45,

Jobs from Indeed

comments powered by Disqus