Virus Spread Exposes Fragility Of Global Markets

Virus Spread Exposes Fragility Of Global Markets By Tyler Durden As the numbers of infected and dead soar exponentially this weekend, with the deadly coronavirus spreading to multiple nations and seemingly very much not “contained,” early trading in markets suggest, as Bloomberg macro strategist Mark Cudmore details below, that this ‘black swan’ event is exposing the fragilities, and vulnerability, of financial markets that long ago de-tethered from any fundamental underpinning. Source: Bloomberg USDJPY is tumbling in early trading, implying a 400-point drop in Dow futures… Source: Bloomberg And Aussie fell…

Read More

Will Coronavirus Crater Hopes Of A Global Recovery As World Trade Tumbles?

Will Coronavirus Crater Hopes Of A Global Recovery As World Trade Tumbles? By Tyler Durden The global economy is faced with a synchronized slowdown as central bank ammunition to fight the next global recession is limited. Monetary authorities across the world have slashed interest rates 80 times over the last 12 months and printed upwards of $1 trillion over four months to counter the slowdown. The only apparent solution central bankers have offered is a liquidity-fueled massive stock market melt-up across the world that rivals the end years of the…

Read More

Beijing Calls In Military As Virus Overwhelms Wuhan Hospitals

Beijing Calls In Military As Virus Overwhelms Wuhan Hospitals By Tyler Durden Summary: Here’s a glimpse of new virus-related developments that occurred overnight. Total number of confirmed cases now 900+, 26 dead. China restricts travel for 40+ million people as the death toll surges. Two deaths have been reported outside Wuhan. Some residents displaying symptoms are being turned away from hospitals. Hospitals in Wuhan make urgent pleas for help and supplies. Beijing orders PLA medics to assist in Wuhan treating patients UK and US governments tell citizens to avoid outbreak…

Read More

Glenn Greenwald Responds To “Grave And Obvious Attack On Free Press” Following Charges

Glenn Greenwald Responds To “Grave And Obvious Attack On Free Press” Following Charges By Tyler Durden Glenn Greenwald responded to charges levied against him Tuesday by prosecutors in Brazil, who have accused the American journalist of cybercrimes for his role in publishing embarrassing text messages that exposed corruption within the Brazilian judicial system. According to the government’s criminal complaint, Greenwald “directly assisted, encouraged and guided” his sources, who gained access to online chats between prosecutors and others involved in “Operation Car Wash,” which The Intercept describes as a ‘yearslong, sprawling…

Read More

Brazil Charges Glenn Greenwald With Cybercrimes

Brazil Charges Glenn Greenwald With Cybercrimes By Tyler Durden Prosecutors in Brazil charged American journalist Glenn Greenwald with cybercrimes on Tuesday for his role in spreading embarrassing text messages that exposed corruption within the Brazilian judicial system, according to the New York Times. In a 91-page criminal complaint made public on Tuesday, Greenwald is accused of participating in a “criminal organization” that spread text messages which called into question the “integrity, professionalism and motives of key members of Brazil’s justice system — particularly of figures directly involved in the investigation…

Read More

Walmart Testing Robots For Fulfilling Grocery Orders

Walmart Testing Robots For Fulfilling Grocery Orders By Tyler Durden A Walmart Supercenter in Salem, New Hampshire, has been the first store to test a new kind of technology that will use robots to collect grocery items for online order fulfillment. Walmart is one of the largest companies in the world by revenue, with at least 2.3 million employees in the US, has seen rapid increases in labor costs that are forcing unwanted margin compression. The solution offered by C-suite executives has been a pilot program of automating a warehouse…

Read More

In Stunning Reversal, Iran Admits Accidentally Shooting Down Ukrainian Passenger Jet

In Stunning Reversal, Iran Admits Accidentally Shooting Down Ukrainian Passenger Jet By Tyler Durden After multiple denials, and demands for proof from foreign entities – accusing them of spreading “psychological warfare” lies, President Hassan Rouhani has admitted Iran accidentally shot down the Ukrainian jetliner that took off from Tehran’s international airport amid this week’s tensions. In a pair of tweets, Rouhani admitted that “Armed Forces’ internal investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the Ukrainian plane & death of 176 innocent…

Read More

“We Want Iran To Behave Like A Normal Nation”: US Imposes Sanctions On Virtually Entire Iranian Economy

“We Want Iran To Behave Like A Normal Nation”: US Imposes Sanctions On Virtually Entire Iranian Economy By Tyler Durden As was previewed by Trump two days earlier, moments ago Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo confirmed that the Trump administration is imposing new sanctions on Iran, specifically targeting the country’s metals exports and eight senior leaders. The Treasury said the actions Friday target the 13 largest steel and iron manufacturers in Iran and top copper and aluminum producers. With the latest sanctions targeting steel, aluminum,…

Read More

Assault Ship With 2,000 Marines Heading Toward Iraq as Pentagon Confirms US Army NOT Leaving

Assault Ship With 2,000 Marines Heading Toward Iraq as Pentagon Confirms US Army NOT Leaving By Tyler Durden UPDATE 4:37pm EST: US Secretary of Defense Mark Esper says the memo is NOT ACCURATE and that “there has been no decision to leave Iraq. Period.” BREAKING: @EsperDoD says memo on withdrawal is not accurate “there’s been no decision whatsoever to leave Iraq.” pic.twitter.com/52DDhSIIQ2 — Tara Copp (@TaraCopp) January 6, 2020 MORE BREAKING: @thejointstaff Gen. Milley came back to brief us again after looking at the letter. “It was a mistake,” he…

Read More

Explosions Reported Near US Embassy & Balad Airbase In Baghdad

Explosions Reported Near US Embassy & Balad Airbase In Baghdad By Tyler Durden As 1000s march in the streets of Baghdad to mourn the death of Soleimani, Al-Arabiya (and other local news sources) report rockets have landed in the heavily fortified Green Zone in Baghdad, where the US Embassy (among other things) is located. Witnesses told Reuters that an explosion was heard in the Iraqi capital, Baghdad. شهود لرويترز: سماع دوي انفجار في العاصمة العراقية بغداد — سكاي نيوز عربية-عاجل (@SkyNewsArabia_B) January 4, 2020 Sky News Arabia reports that the missile…

Read More