That's Nuts! $700K Of Cocaine Found In Almond Bags During Traffic Stop

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"It was just a normal traffic stop..."


Most Companies Are Beating Estimates But Get No Love From The Market, While Misses Are Getting Crushed

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Significantly more companies are beating consensus estimates by at least 1 std dev and fewer are missing. However, just like last week, beats are not being rewarded (via outperformance) and misses are getting punished.


Trump Says Jack Smith Should Be "Arrested" After Documents Revelation

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It comes after prosecutors wrote that the order of items within a box was ‘not the same’ as digital photographs of materials raided from Mar-a-Lago by the FBI.


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  • Equities are entirely in the green; Apple -1.1% is lower pre-market after Berkshire Hathaway decreased its stake in Q1
  • DXY is flat, EUR unreactive to PMIs & USD/JPY holds just under 154.00
  • Bonds are modestly firmer, with initial upside in Bunds trimmed slightly by large upward revisions to EZ PMIs
  • Crude is firmer with Rafah in focus, XAU is bid and base metals benefit from the risk tone
  • Looking ahead, US Employment Trends, Comments from SNB’s Jordan, ECB’s Lagarde, Fe

Biden Administration Finalizes Rule To Allow 'Dreamers' To Enroll In 'Obamacare'

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The new directive is expected to provide coverage to approximately 100,000 immigrants next year.


University Of California Now Discriminates Based On Parental Income, Education

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...the search for loopholes to achieve the racial balancing they deem ideal for the shaping of society continues.


Hartnett: "Higher For Longer" Cracked On March 13, Forcing The Fed And BOJ To Step In

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"Bitcoin peaked on the day when market flipped from pricing in more cuts to less cuts than the Fed... the good news is that “tail risks” of Fed hike & JPY collapse now lower after Fed “eased” (less QT) & Japan spent $55bn to support FX."


OPEC+ Likely To Extend Production Cuts In June

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Saudi Arabia and its allies in OPEC⁺ are likely to keep oil production unchanged for a further three months when ministers review output allocations on June 1.


Maryland Officials Release Timeline And Cost Estimate For Rebuilding Baltimore Bridge

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The detailed engineering plans for the new bridge are still under development...


Elon Musk Warns Over Biden's Massive Deficit Spending

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'We need to do something about our national debt or the dollar will be worth nothing...'


Boeing Supplier Spirit Aerosystems Sues To Block Texas Safety Probe

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Spirit is alleging that Paxton's demand for internal documents and other information is unlawful, and violates their right against unreasonable search and seizure.


Biden's New Carbon Capture Mandates Will Cause Blackouts, Increases Prices

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Biden plans to reduce inflation by raising costs, producing less electricity when more is needed, force people into EVs without a capable grid, and pipeline "captured carbon" when the pipelines don’t exist. It’s so stupid even some Democrats are concerned


Sentiment supported by US tailwinds, geopols dominating newsflow - Newsquawk Europe Market Open

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Positive bias for APAC stocks after the US jobs report but with varied performance on the holiday return

Yen's First Intervention Rally Owed Very Little to Short Squeeze

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The latest CFTC reading shows yen bears trimmed positions for the first time in seven weeks, but they only cut back by 11,531 contracts — less than the shorts added in the prior week to April 23!


Marine Vet With PTSD Given More Than 5 Years In Prison, Fined $200,000 Over Jan. 6

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"His pupils were dilated. His heart was pounding..."


Texas AG Threatens "Every Possible Response" After Defiant Austin Allows "Gender Affirming" Care For Minors

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The resolution starts with the falsehood that such prohibited treatments have 'proven to be evidence-based, medically necessary, and lifesaving.'


Appeals Court Hammers Prosecution About FBI Conduct In Whitmer Kidnap Plot

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One justice disagreed with the prosecutor’s reading of the law...


"The 'Legs' To The Bull-Case Stool Are Narrowing"; After Volatile Week, Goldman Tech Trader Answers "Now What..?"

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As such, as we clear these macro hurdles and move into a robust micro catalyst window (conferences, analyst days & off-quarter earnings), it wouldn’t surprise me if the sector re-tested the highs...


There Is Nothing Exceptional About US "Exceptionalism"

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We won’t see a smooth and gradual transition from “no landing” to “soft landing”... we will jump from “all good” to “all is not-so good” rapidly because we have been ignoring data...


"People Will Be Teleporting Between Planets" Before California Finishes High-Speed Rail Project

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"This is the most remarkable human achievement ever, 1600 feet of high-speed rail after 9 years and 11 billion dollars."