Archive for the ‘World truth’ Category

Watch Live: House Votes On Trump Articles Of Impeachment

Why did China unexpectedly announce a delay in its much anticipated 930am presser from the China State Council where it will provide Beijing’s take on the so-called “Phase 1” deal, and either send stocks soaring or tumbling? According to some, it is because Beijing is waiting for the outcome from this morning’s House vote on […]

Pat Buchanan: Whare Are The "High Crimes"?

Authored by Patrick Buchanan via, “Quid pro quo” was the accusatory Latin phrase most often used to describe President Donald Trump’s July 25 phone call asking for a “favor” from the president of Ukraine. New Year’s prediction: The Roman poet Horace’s Latin depiction: “Parturient montes, nascetur ridiculus mus” — “The mountains went into labor, […]

Stocks, Yuan Puke As Trump Calls WSJ Tariff-Rollback Story "Fake News"

Update (9:25amET): It’s hardly a surprise, but Axios’s Jonathan Swan reports that President Trump specifically objects to the detail in the WSJ story claiming that the US would rollback existing tariffs by half. Senior official told me he’s objecting mostly to the half reduction of tariffs detail — Jonathan Swan (@jonathanvswan) December 13, 2019 […]

Watch Live: China Delays Trade Deal Press Conference To 10amET

Watch Live (China says briefing delayed a half an hour, to 10am ET… which means it will begin just as the House Judiciary Committee is being gaveled in to vote on articles of impeachment): *  *  * The market appears convinced this is everything we’ve been hoping for but the radio-silence from China (along with […]

Core Retail Sales Growth Weakest Since February

With YoY retail sales growth having slowed dramatically in the last two months (actually contracting MoM in Septmber), analysts were expecting a credit-card-fueled buying bounce in November but it was disappointing. Confirming BofA’s credit-card data… November retail sales rose just 0.2% MoM (much lower than the 0.5% rise expected) Source: Bloomberg Retail sales increased in […]

"Aramco At The Top Of The World" – Second Day Of Trading Tops $2 Trillion Valuation

Saudi Aramco shares gapped up sharply on the second trading session, with the state-owned oil company hitting Prince Mohammad Bin Salman’s (MbS) $2 trillion valuation target, reported Bloomberg.  Shares jumped almost 10% in the first 90 minutes of trading Thursday, breaching the 37.51 SAR, the level which values Aramco over $2 trillion. Gains in the session […]

Gold & Silver Extend Gains On Lagarde’s "Inflation Is Coming" Comments

With the dollar sliding, and following yesterday’s dovish market reaction to The Fed, ECB’s Lagarde comments on inflation (increasing its expectations for 2020 and said that Q4 2022 inflation will be at 1.7%) and noting labor costs pressures have strengthened. Over the medium term, the inflation rate will increase, Lagarde said. Additionally, she noted The […]

Even DOL Puzzled After Jobless Claims Unexpectedly Soar Most In Over Two Years

In addition to the surprising miss in PPI, which may rudely awake the Fed out of its “no rate cut for a year” slumber, moments ago the BLS reported a shocker, when the latest weekly initial jobless claims soared unexpectedly by 49K, from a near-cycle low of 203K to 252K, far above the 214K consensus […]

US Producer Prices Grow At Slowest Pace In Over 3 Years

Following yesterday’s bigger than expected rise in consumer prices (driven by surging services costs), US producer prices were expected to accelerate after slowing dramatically in recent months, but it didn’t with core PPI dropping 0.2% MoM and headline PPI holding at just 1.1% YoY – the lowest since September 2016. Source: Bloomberg Core PPI fell […]

Watch Live: Christine Lagarde’s First Press Conference As ECB President

Having got through the ECB statement release unscathed with no changes or surprises, all eyes are now on Christina Lagarde’s first press conference appearance as ECB president. The focus will fall on how Lagarde intends to run the central bank, and its upcoming strategic policy review, which will likely be formally announced at the December […]

Biden Quietly Telling Aides He’d Only Serve One Term

Joe Biden may regularly forget what state he’s in, or what college he went to, or how long Donald Trump has been in office  – but don’t worry; the man whose finger would be on the button is privately telling people he’d only serve one term. According to Politico, the 77-year-old Biden has ‘quietly’ signaled […]

Gunman In Jersey City Shooting Published Anti-Semitic, Anti-Police Material Online

Despite early reports insisting that there was no evidence linking the two shooters who engaged in an hours long gun-battle with police in Jersey City yesterday with any existing hate groups, the city’s mayor changed his tune Tuesday night. Jersey City Mayor Steven Fulop tweeted Tuesday night that authorities have come to the conclusion that […]

Why "This Sucker Is Going Down"

Authored by Charles Hugh Smith via OfTwoMinds blog, Once the contagion starts spreading, loose money won’t put the fires out. As the nation’s political and economic leaders struggled to contain the 2008 financial meltdown, President George W. Bush famously summed the situation up: “If money doesn’t loosen up, this sucker will go down.” Eleven years into the loose money […]

Pound Rollercoaster After Last Poll Suggests Hung Parliament Remains Likely

Tomorrow, British voters will head to the polls to cast their ballots in a federal election that will decide the fate of Brexit. According to the latest poll, a strong lead held by the Conservative Party – the party of prime minister Boris Johnson – has started to dissipate, underscoring the notion that turnout is […]

US Consumer Prices Jump Most In A Year, But Goods Costs Decelerate

US consumer prices jumped more than expected in November, rising 2.1% YoY – the biggest jump since Nov 2018. Source: Bloomberg Core CPI rose 2.3% YoY (slightly slower than the last 3 months), with Energy, Used Cars, and Shelter dominating the MoM gains. The shelter index rose 0.3 percent in November. The index for rent […]

Netflix Slides After Needham Downgrades, Warns Of Subscriber Exodus In 2020  

Netflix shares have slipped more than 3% in the pre-market trading hours after a new report via equity research firm Needham & Co. downgrades the streaming company from hold to underperform, reported The Street. Laura Martin, a managing director at Needham, warned Netflix could lose upwards of 4 million US subscribers in 2020 thanks to […]

Dems Plan To Focus On At Least 2 Articles In Impeachment Push

Nancy Pelosi is racing against the clock to deliver the ultimate stocking full of coal to President Trump – a holiday season impeachment. And as Democrats and Republicans on the House Judiciary Committee wrangle over the size and scope of the articles of impeachment, Bloomberg’s Congressional reporters (who are apparently still talking to high-level sources […]

Stocks Drop As Tariff Deadline, Central Banks Looms

Global stocks, US equity futures, 10Y TSY yields and the US dollar dropped for a second day on Tuesday, amid what conventional wisdom said was “caution over a Dec. 15 deadline for the next round of U.S. tariffs” as well as looming Fed and ECB meetings and UK elections (although the real risk factor is […]

FBI Didn’t Tell Surveillance Court That Carter Page Was "Operational Contact" For CIA With "Positive Assessment"

Authored by Chuck Ross via National Interest, The FBI failed to inform surveillance court judges that Carter Page was an “operational contact” for the CIA for years, and that an employee at the spy agency gave the former Trump aide a “positive assessment,” according to a Justice Department report released Monday. The finding is included […]

Small Business Optimism Surges As Plans To Raise Wages Soar Most In 30 Years

After stagnating for much of the past year following its 2018 all time highs, small business optimism posted the largest month-over-month gain in 19 months, since May 2018, rising 2.3 points to 104.7 in November, up from 102.4, and beating the consensus estimate of 103.0. The “exceptional” Optimism Index reading was bolstered by seven of […]

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