Zero Hedge

Trump Unloads On 'Crazy Mess' Nancy Pelosi, Questions Mental State

President Trump threw his latest left-hook on Thursday as he described a Wednesday meeting with House Speaker Nancy Pelosi (C-CA) and Chuck Schumer (D-NY) to discuss infrastructure. "She's a mess, look, lets face it," Trump ...
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RaboBank: “It's Hard To Keep Up With All The Escalation”

Submitted by Michael Every of RaboBank It’s hard to keep up with all the escalation. Yesterday morning Asian time the worry was that the US was about to turn its fire on Chinese surveillance-camera maker ...
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Assange Faces Death Penalty As DoJ Reveals New Charges

The worst fears of Julian Assange's legal team have just been realized. Just as Wikileaks' editor in chief anticipated, the DoJ has revealed that a grand jury in Virginia has returned a new 18-count superseding ...
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Crude, Credit, & Yield Curve Collapse As Stock Shorts Soar To 4-Year Highs

"Growth Scare" - PMIs in Japan, Europe, and US all collapsed and risk-asset markets are suddenly waking from their delusions. Well that escalated quickly... WTI Crude crashed to a $57 handle (its worst day of ...
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National Retail Federation Warns Trump's Tariffs Could Be Devastating For Consumers

The National Retail Federation (NRF) has warned that President Trump's escalating trade war with China could be devastating for consumers and lead to at least one million job losses. The Trump administration raised tariffs on ...
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What About Dr. Copper?

Authored by Jeffrey Snider via Alhmabra Investments, The FOMC hates the bond market. Hates everything about it, especially how it tells these Economists they don’t know what they are doing. Monetary policy being little more ...
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Facebook Removed A Record 2.2 Billion Fake Accounts In Q1

On one hand, Facebook - the world's biggest social media company - represented that it has just under 2.4 billion monthly active users from across the globe. On the other hand, Facebook on Thursday said ...
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Deutsche Bank Plans Cuts To US Equities Business: Reuters

When Deutsche Bank CEO Christian Sewing told Deutsche Bank shareholders at the bank's annual general meeting this morning that he was prepared to make "tough cutbacks" at DB's struggling investment bank, he wasn't kidding. Four ...
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Vast Majority Of Americans Reject Attack On Iran; Half Expect War “Within Few Years”

War with Iran remains a deeply unpopular prospect among the American people, but a new opinion poll conducted by Reuters and polling organization Ipsos found there's not much optimism concerning the likelihood of getting entangled ...
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Amazon Developing Device That Can Recognize Human Emotions

Amazon is developing a voice-activated gadget that can recognize human emotions. The wrist-worn device is described as a health and wellness product according to internal documents reviewed by Bloomberg, which is being developed in partnership ...
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Oil's Worst Day Of 2019: The Silence Before The Storm In Energy Markets

WTI just hit a $57 handle for the first time in over two months, with the biggest drop of the year, as extreme positioning is accelerating anxiety over both the demand and supply side of ...
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Trump Mulls Pentagon Plan To Deploy 10,000 Troops To “Monitor Iran”

The White House is set to mull a Pentagon plan for deployment of 10,000 new troops to the Middle East on Thursday following heightened tension with Iran, the AP reported Wednesday. It's as yet unclear ...
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How Tech Unicorns Are Just Like China's “Ghost Cities”

Authored by Jesse Colombo via RealInvestmentAdvice.com, Since the Great Recession, there has been an explosion of interest and activity in the tech startup arena. Tens of thousands of tech startups have been founded in recent ...
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Criticisms Of New SAT 'Adversity Score' Continue To Mount

Authored by Jennifer Kabbany via The College Fix, The recent decision by the Scholastic Aptitude Test to add a so-called adversity score to test takers’ results for college admissions’ officials to weigh has been almost ...
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Dow Dumps 400Pts, Below Key Technical Support As Bond Yields, Dollar Plunge

Something finally snapped in market sentiment... The Dow is back below its 200DMA (down over 400 points)... The Dollar is collapsing back to recent support once again... And Bond yields are getting battered lower (lows ...
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“Conditions Not Right” For Trump-Xi Meeting Next Month, Chinese Official Says

As US equity markets head for yet another week of losses, the hope that President Trump and President Xi will arrive at a breakthrough during the G-20 Summit in Osaka next month is one of ...
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Pelosi: Trump 'Crying Out' For House To Impeach So Senate Can Vindicate Him

House Speaker Nancy Pelosi (D-CA) told her Democratic colleagues that President Trump "wants to be impeached" in order to be vindicated by the Senate, according to ABC News. Pelosi made the suggestion during a Thursday ...
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Nomura: “This Is How Things Could Get Weird Fast In The Market”

One day after we asked the question on every trader's mind, namely "Why Stocks Stubbornly Refuse To Sell Off Despite The Escalating Trade War", we got the answer on Thursday, and with sentiment turning dire ...
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Deutsche Bank CEO Vows To Make “Tough Cutbacks” As Shares Slump To Record Low

Watching Deutsche Bank shares crash to new all-time lows (around €6.35 $7.07) just as the troubled German lender's annual shareholder meeting was getting underway in Frankfurt on Thursday, we could hardly imagine anything more appropriate ...
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Could China Dump Its US Treasuries? A Contrarian View Emerges From Beijing

Authored by Karen Yeung via The South China Morning Post, As American pundits and polls dismiss the idea that China would dump its massive holdings of US Treasury debt as retaliation against US tariffs, a ...
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'American Taliban' Free After 17 Years In Prison

'American Taliban' John Walker Lindh is now a free man after serving over 17 years in prison following his capture on an Afghanistan battlefield in late 2001, three years ahead of schedule for good behavior ...
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China's Insurmountable Global Weakness: Its Currency

Authored by Charles Hugh Smith via OfTwoMinds blog, If China wants superpower status, it will have to issue its currency in size and let the global FX market discover its price. Quick history quiz: in ...
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Panic In The Bond Market: Yields Tumble, 10Y Inverts To Fed Funds

After months of ignoring reality and sticking its head in the sand over the severity of US-China trade war, which consensus finally admits well be a painful, multi-year global affair, this morning denial has finally ...
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New Home Sales Collapse In April As Median Prices Soar

Following the disappointment in existing home sales (down YoY for 14 months straight), the recent spike in new home sales was expected to slide 2.5% MoM in April, but instead it crashed back to reality, ...
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US PMIs Crash As Business Confidence Collapses To 7 Year Lows

Following disappointments in Europe's PMI this morning (with Germany slumping even further, and seeing IFO hit a 4.5 year low), preliminary May data for US PMIs were expected to rebound very modestly after its recent ...
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Bill Blain: “Xi Is In Much More Trouble Than We Think”

Blain's Morning Porridge, submitted by Bill Blain “When May is Gone, Put Your Buying Boots On…” Reading the obituaries of the extraordinary Niki Lauda y’day I came across this great line referring to his rivalry ...
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David Tepper To Return Outside Money, Convert To Family Office

Rumors of the death of hedge funds may have been exaggerated, but with every passing day at least one investing icon calls it quits. And the latest is none other than one of the best ...
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Crude Crashes To 2-Month Lows – Breaks Below $60

For the first time since March, WTI Crude is back below $60 as fears over demand (trade tensions) and supply (inventory glut) overwhelm any Mid-East geopolitical risk, and is helped by extreme positioning. US crude ...
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As Commodities, Bond Yields, & Stocks Tumble, Trader Exclaims: “I'm Discouraged”

Via Bloomberg's Richard Breslow, It has been a sloppy day all around. The litany of discouraging news is there for all to see. It doesn’t feel particularly helpful to run down the list again. Suffice ...
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iPhones Are Now “Embarrassing” In China As Trade War Deepens

While the trade war threatens to cripple Huawei, the ongoing nationalist sentiment surging throughout China could be a boon for the Shenzhen-based telecommunications company. Sam Li, who is employed by a state-owned telecom firm in ...
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Nunes Urges Trump To Question Theresa May Over Spy Agencies' Role In Steele Dossier

Via SaraCarter.com, Ranking Republican of the House Intelligence Committee Devin Nunes sent a letter Wednesday to President Donald Trump, asking him to question British Prime Minister Theresa May about Great Britain’s role in the FBI’s ...
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China Enraged After US Sails Two Destroyers Through Taiwan Strait

Just in case the "world tech and trade war I" was not enough to send US-China relations back decades, on Wednesday the US military sent two Navy destroyers through the Taiwan Strait in its latest ...
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China Responds: “Bannon Is Turning The US Into An Economic Fascist Country”

In an interview with the South China Morning Post earlier this week, former White House Chief Strategist Steve Bannon described himself as a "super hawk" when it comes to China - that was right after ...
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Tesla Tumbles Below $185; Falls For 7th Day As Gene Munster Capitulates

It looks like it'll be another stormy day in Longsville. The Tesla "pain trade" continues, as yet another notable Tesla bull is capitulating. Following in the footsteps of Wedbush, Morgan Stanley and Citibank, all of ...
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“Sea Of Red”: S&P Futures, Bond Yields Tumble As All Out Trade War Becomes “Base Case”

Yesterday's modest selloff has become an all-out rout, dragging world stocks lower for 4 of the past 5 days, with US equity futures tumbling and global markets a "sea of red" as fears grow that ...
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